IWM vs. CSHP
IWM (iShares Russell 2000 ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. IWM is passively managed, while CSHP is actively managed. Over the past year, IWM returned 40.90% vs 3.94% for CSHP. At a 0.02 correlation, their price movements are largely independent. IWM charges 0.19%/yr vs 0.20%/yr for CSHP.
Performance
IWM vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 20.47% return, which is significantly higher than CSHP's 1.83% return.
IWM
- 1D
- -0.96%
- 1M
- 3.82%
- YTD
- 20.47%
- 6M
- 17.64%
- 1Y
- 40.90%
- 3Y*
- 19.22%
- 5Y*
- 6.27%
- 10Y*
- 11.58%
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWM iShares Russell 2000 ETF | 20.47% | 12.66% | 0.06% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between IWM and CSHP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.02 |
The correlation between IWM and CSHP shifts across timeframes, from -0.14 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWM vs. CSHP — Risk / Return Rank
IWM
CSHP
IWM vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWM | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.00 | ||
| Sortino ratioReturn per unit of downside risk | -24.73 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 6.46 | -5.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 65.45 | -61.72 |
| Martin ratioReturn relative to average drawdown | 13.18 | 381.67 | -368.49 |
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Drawdowns
IWM vs. CSHP - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for IWM and CSHP.
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Drawdown Indicators
| IWM | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -0.08% | -58.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -0.06% | -10.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.04% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -0.00% | -10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 0.01% | +3.10% |
Volatility
IWM vs. CSHP - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 6.56% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that IWM's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 0.16% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 0.27% | +14.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.74% | 0.36% | +19.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 0.41% | +22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.06% | 0.41% | +22.65% |
IWM vs. CSHP - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is lower than CSHP's 0.20% 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%.
Dividends
IWM vs. CSHP - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.90%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IWM and CSHP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.56%) compared to CSHP (0.16%). In terms of maximum drawdown, IWM dropped -59.05% vs CSHP's -0.08%.
On 1-year performance, IWM leads with 40.90% vs 3.94% for CSHP. On fees, IWM is cheaper at 0.19% per year. On volatility, CSHP has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 40.90% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.20% for CSHP.
CSHP has the higher dividend yield at 3.91%, compared with 0.90% for IWM.
IWM is categorized as Small Cap Blend Equities, while CSHP is Ultrashort Bond. Their fees differ too: 0.19% for IWM and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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