LRGF vs. CSHP

Last updated Jun 24, 2026

LRGF (iShares MSCI USA Multifactor ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while CSHP is a Ultrashort Bond fund actively managed by iShares. LRGF is passively managed, while CSHP is actively managed. Over the past year, LRGF returned 21.21% vs 3.94% for CSHP. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

LRGF vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) 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, LRGF achieves a 7.84% return, which is significantly higher than CSHP's 1.83% return.

LRGF

• 1D: -1.26%
• 1M: -0.45%
• YTD: 7.84%
• 6M: 6.74%
• 1Y: 21.21%
• 3Y*: 21.28%
• 5Y*: 13.54%
• 10Y*: 14.05%

CSHP

• 1D: -0.03%
• 1M: 0.27%
• YTD: 1.83%
• 6M: 1.92%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LRGF vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LRGF iShares MSCI USA Multifactor ETF	7.84%	16.48%	6.61%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.83%	4.10%	2.24%

Correlation

The correlation between LRGF and CSHP is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.03

The correlation between LRGF and CSHP shifts across timeframes, from -0.11 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LRGF vs. CSHP — Risk / Return Rank

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

LRGF

LRGF Risk / Return Rank: 52
LRGF Sharpe Ratio Rank: 52
LRGF Sortino Ratio Rank: 50
LRGF Omega Ratio Rank: 50
LRGF Calmar Ratio Rank: 51
LRGF Martin Ratio Rank: 58

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.

LRGF vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

	LRGF	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	1.69	11.09	-9.40
Sortino ratio: Return per unit of downside risk	2.33	27.60	-25.27
Omega ratio: Gain probability vs. loss probability	1.30	6.46	-5.16
Calmar ratio: Return relative to maximum drawdown	2.39	65.45	-63.06
Martin ratio: Return relative to average drawdown	9.61	381.67	-372.06

LRGF vs. CSHP - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.69, which is lower than the CSHP Sharpe Ratio of 11.09. The chart below compares the historical Sharpe Ratios of LRGF 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

LRGF vs. CSHP - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for LRGF and CSHP.

Drawdown Indicators

	LRGF	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-0.08%	-35.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-0.06%	-8.86%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	-3.10%	-0.04%	-3.06%
Average Drawdown Average peak-to-trough decline	-4.53%	-0.00%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	0.01%	+2.20%

Volatility

LRGF vs. CSHP - Volatility Comparison

iShares MSCI USA Multifactor ETF (LRGF) has a higher volatility of 4.77% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that LRGF'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

	LRGF	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	0.16%	+4.61%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	0.27%	+9.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	0.36%	+12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	0.41%	+16.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	0.41%	+17.92%

LRGF vs. CSHP - Expense Ratio Comparison

Both LRGF 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

LRGF vs. CSHP - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.10%, 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%
LRGF iShares MSCI USA Multifactor ETF	1.10%	1.16%	1.23%	1.49%	1.78%	1.05%	1.35%	1.76%	3.27%	1.68%	1.56%	0.83%

Frequently Asked Questions

Can I hold both LRGF and CSHP in my portfolio?

LRGF and CSHP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LRGF or CSHP?

LRGF has higher volatility (4.77%) compared to CSHP (0.16%). In terms of maximum drawdown, LRGF dropped -36.03% vs CSHP's -0.08%.

Which ETF is better, LRGF or CSHP?

On 1-year performance, LRGF leads with 21.21% vs 3.94% for CSHP. Both ETFs have the same 0.20% expense ratio. 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.

Which ETF has performed better, LRGF or CSHP?

Over the 1-year period, LRGF has performed better with a 21.21% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRGF or CSHP?

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

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

CSHP has the higher dividend yield at 3.91%, compared with 1.10% for LRGF.

What is the main difference between LRGF and CSHP?

LRGF is categorized as Large Cap Blend Equities, while CSHP is Ultrashort Bond.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.09 vs 1.69), 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.