IWV vs. CSHP
IWV (iShares Russell 3000 ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - IWV is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. IWV is passively managed, while CSHP is actively managed. Over the past year, IWV returned 26.55% vs 3.96% for CSHP. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IWV vs. CSHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWV achieves a 10.01% return, which is significantly higher than CSHP's 1.86% return.
IWV
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 10.01%
- 6M
- 9.26%
- 1Y
- 26.55%
- 3Y*
- 20.91%
- 5Y*
- 12.24%
- 10Y*
- 15.13%
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWV vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWV iShares Russell 3000 ETF | 10.01% | 16.96% | 5.90% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between IWV 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 IWV and CSHP shifts across timeframes, from -0.14 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWV vs. CSHP — Risk / Return Rank
IWV
CSHP
IWV vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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.
| IWV | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.11 | ||
| Sortino ratioReturn per unit of downside risk | -25.44 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 6.67 | -5.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 65.84 | -62.84 |
| Martin ratioReturn relative to average drawdown | 13.42 | 395.75 | -382.33 |
Loading charts...
Drawdowns
IWV vs. CSHP - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for IWV and CSHP.
Loading charts...
Drawdown Indicators
| IWV | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -0.08% | -55.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -0.06% | -8.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | — | — |
Current DrawdownCurrent decline from peak | -1.46% | -0.01% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -0.00% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.01% | +1.97% |
Volatility
IWV vs. CSHP - Volatility Comparison
iShares Russell 3000 ETF (IWV) has a higher volatility of 4.65% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that IWV'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.
Loading charts...
Volatility by Period
| IWV | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 0.15% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 0.27% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 0.36% | +12.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 0.41% | +16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 0.41% | +18.04% |
IWV vs. CSHP - Expense Ratio Comparison
Both IWV and CSHP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IWV vs. CSHP - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 0.88%, 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% |
IWV iShares Russell 3000 ETF | 0.88% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
Frequently Asked Questions
IWV 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.
IWV has higher volatility (4.65%) compared to CSHP (0.15%). In terms of maximum drawdown, IWV dropped -55.61% vs CSHP's -0.08%.
On 1-year performance, IWV leads with 26.55% vs 3.96% for CSHP. Both ETFs have the same 0.20% expense ratio. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWV has performed better with a 26.55% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWV and CSHP have the same expense ratio: 0.20% per year.
CSHP has the higher dividend yield at 3.91%, compared with 0.88% for IWV.
IWV is categorized as Large Cap Blend Equities, while CSHP is Ultrashort Bond.
CSHP currently has the higher Sharpe Ratio (11.22 vs 2.11), 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.
Find the right allocation for IWV and CSHP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer