JUSA vs. CSHP

Last updated Jun 23, 2026

JUSA (JPMorgan U.S. Research Enhanced Large Cap ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - JUSA is a Large Cap Blend Equities fund actively managed by JPMorgan, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, JUSA returned 25.55% vs 3.96% for CSHP. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.20% expense ratio.

Performance

JUSA vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUSA achieves a 9.07% return, which is significantly higher than CSHP's 1.86% return.

JUSA

• 1D: -0.43%
• 1M: 0.26%
• YTD: 9.07%
• 6M: 8.73%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.01%
• 1M: 0.30%
• YTD: 1.86%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JUSA vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	9.07%	22.30%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.86%	3.31%

Correlation

The correlation between JUSA and CSHP is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	-0.10

Return for Risk

JUSA vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JUSA

JUSA Risk / Return Rank: 65
JUSA Sharpe Ratio Rank: 66
JUSA Sortino Ratio Rank: 63
JUSA Omega Ratio Rank: 65
JUSA Calmar Ratio Rank: 60
JUSA Martin Ratio Rank: 71

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JUSA vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) 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.

	JUSA	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	2.08	11.22	-9.14
Sortino ratio: Return per unit of downside risk	2.86	28.31	-25.45
Omega ratio: Gain probability vs. loss probability	1.38	6.67	-5.29
Calmar ratio: Return relative to maximum drawdown	2.87	65.84	-62.97
Martin ratio: Return relative to average drawdown	12.84	395.75	-382.91

JUSA vs. CSHP - Sharpe Ratio Comparison

The current JUSA Sharpe Ratio is 2.08, which is lower than the CSHP Sharpe Ratio of 11.22. The chart below compares the historical Sharpe Ratios of JUSA and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JUSA vs. CSHP - Drawdown Comparison

The maximum JUSA drawdown since its inception was -14.02%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for JUSA and CSHP.

Drawdown Indicators

	JUSA	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-0.08%	-13.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-0.06%	-8.87%
Current Drawdown Current decline from peak	-1.56%	-0.01%	-1.55%
Average Drawdown Average peak-to-trough decline	-1.52%	-0.00%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	0.01%	+1.98%

Volatility

JUSA vs. CSHP - Volatility Comparison

JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) has a higher volatility of 4.48% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that JUSA'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.

Volatility by Period

	JUSA	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	0.15%	+4.33%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	0.27%	+9.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.36%	0.36%	+12.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	0.41%	+18.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	0.41%	+18.30%

JUSA vs. CSHP - Expense Ratio Comparison

Both JUSA 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

JUSA vs. CSHP - Dividend Comparison

JUSA's dividend yield for the trailing twelve months is around 0.87%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	0.87%	0.77%	0.00%

Frequently Asked Questions

Can I hold both JUSA and CSHP in my portfolio?

JUSA and CSHP have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUSA or CSHP?

JUSA has higher volatility (4.48%) compared to CSHP (0.15%). In terms of maximum drawdown, JUSA dropped -14.02% vs CSHP's -0.08%.

Which ETF is better, JUSA or CSHP?

On 1-year performance, JUSA leads with 25.55% 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.

Which ETF has performed better, JUSA or CSHP?

Over the 1-year period, JUSA has performed better with a 25.55% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUSA or CSHP?

JUSA and CSHP have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, JUSA or CSHP?

CSHP has the higher dividend yield at 3.91%, compared with 0.87% for JUSA.

What is the main difference between JUSA and CSHP?

JUSA is categorized as Large Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: JPMorgan and iShares.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.22 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.