IUSB vs. ICSH
Compare and contrast key facts about iShares Core Total USD Bond Market ETF (IUSB) and iShares Ultra Short-Term Bond ETF (ICSH).
IUSB and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSB is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Universal Index. It was launched on Jun 10, 2014. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IUSB or ICSH.
Key characteristics
| IUSB | ICSH | |
|---|---|---|
| YTD Return | 2.12% | 4.90% |
| 1Y Return | 7.22% | 5.84% |
| 3Y Return (Ann) | -1.76% | 3.80% |
| 5Y Return (Ann) | 0.10% | 2.68% |
| 10Y Return (Ann) | 1.73% | 2.40% |
| Sharpe Ratio | 1.44 | 13.62 |
| Sortino Ratio | 2.13 | 37.43 |
| Omega Ratio | 1.26 | 8.41 |
| Calmar Ratio | 0.59 | 84.57 |
| Martin Ratio | 5.21 | 512.26 |
| Ulcer Index | 1.50% | 0.01% |
| Daily Std Dev | 5.43% | 0.43% |
| Max Drawdown | -17.98% | -3.94% |
| Current Drawdown | -7.01% | 0.00% |
Correlation
The correlation between IUSB and ICSH is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IUSB vs. ICSH - Performance Comparison
In the year-to-date period, IUSB achieves a 2.12% return, which is significantly lower than ICSH's 4.90% return. Over the past 10 years, IUSB has underperformed ICSH with an annualized return of 1.73%, while ICSH has yielded a comparatively higher 2.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IUSB vs. ICSH - Expense Ratio Comparison
IUSB has a 0.06% expense ratio, which is lower than ICSH's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IUSB vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Total USD Bond Market ETF (IUSB) and iShares Ultra Short-Term Bond ETF (ICSH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
IUSB vs. ICSH - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 3.94%, less than ICSH's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Total USD Bond Market ETF | 3.94% | 3.46% | 2.53% | 1.74% | 2.45% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% | 1.39% |
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
Drawdowns
IUSB vs. ICSH - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.98%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for IUSB and ICSH. For additional features, visit the drawdowns tool.
Volatility
IUSB vs. ICSH - Volatility Comparison
iShares Core Total USD Bond Market ETF (IUSB) has a higher volatility of 1.54% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.14%. This indicates that IUSB's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.