MAGA vs. CSHP

Last updated Jun 24, 2026

MAGA (Point Bridge GOP Stock Tracker ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - MAGA is a Large Cap Blend Equities fund tracking the Point Bridge GOP Stock Tracker Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. MAGA is passively managed, while CSHP is actively managed. Over the past year, MAGA returned 12.97% vs 3.94% for CSHP. At a 0.05 correlation, their price movements are largely independent. MAGA charges 0.72%/yr vs 0.20%/yr for CSHP.

Performance

MAGA vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Point Bridge GOP Stock Tracker ETF (MAGA) 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, MAGA achieves a 7.40% return, which is significantly higher than CSHP's 1.83% return.

MAGA

• 1D: 0.30%
• 1M: 1.30%
• YTD: 7.40%
• 6M: 6.60%
• 1Y: 12.97%
• 3Y*: 15.17%
• 5Y*: 10.18%
• 10Y*: —

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)

MAGA vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGA Point Bridge GOP Stock Tracker ETF	7.40%	10.31%	3.42%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.83%	4.10%	2.24%

Correlation

The correlation between MAGA and CSHP is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.05

The correlation between MAGA and CSHP shifts across timeframes, from -0.08 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MAGA vs. CSHP — Risk / Return Rank

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

MAGA

MAGA Risk / Return Rank: 35
MAGA Sharpe Ratio Rank: 34
MAGA Sortino Ratio Rank: 35
MAGA Omega Ratio Rank: 31
MAGA Calmar Ratio Rank: 39
MAGA Martin Ratio Rank: 38

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.

MAGA vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Point Bridge GOP Stock Tracker ETF (MAGA) 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.

	MAGA	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	1.15	11.09	-9.94
Sortino ratio: Return per unit of downside risk	1.74	27.60	-25.85
Omega ratio: Gain probability vs. loss probability	1.20	6.46	-5.26
Calmar ratio: Return relative to maximum drawdown	1.86	65.45	-63.59
Martin ratio: Return relative to average drawdown	5.63	381.67	-376.04

MAGA vs. CSHP - Sharpe Ratio Comparison

The current MAGA Sharpe Ratio is 1.15, which is lower than the CSHP Sharpe Ratio of 11.09. The chart below compares the historical Sharpe Ratios of MAGA 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

MAGA vs. CSHP - Drawdown Comparison

The maximum MAGA drawdown since its inception was -43.17%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for MAGA and CSHP.

Drawdown Indicators

	MAGA	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-43.17%	-0.08%	-43.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-0.06%	-6.96%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.02%	—	—
Current Drawdown Current decline from peak	-1.82%	-0.04%	-1.78%
Average Drawdown Average peak-to-trough decline	-5.70%	-0.00%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	0.01%	+2.30%

Volatility

MAGA vs. CSHP - Volatility Comparison

Point Bridge GOP Stock Tracker ETF (MAGA) has a higher volatility of 3.02% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that MAGA'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

	MAGA	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	0.16%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	8.12%	0.27%	+7.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	0.36%	+10.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	0.41%	+15.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	0.41%	+19.85%

MAGA vs. CSHP - Expense Ratio Comparison

MAGA has a 0.72% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

MAGA vs. CSHP - Dividend Comparison

MAGA's dividend yield for the trailing twelve months is around 1.50%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
MAGA Point Bridge GOP Stock Tracker ETF	1.50%	1.61%	1.18%	1.60%	1.33%	0.69%	2.59%	2.19%	2.14%	0.43%

Frequently Asked Questions

Can I hold both MAGA and CSHP in my portfolio?

MAGA and CSHP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGA or CSHP?

MAGA has higher volatility (3.02%) compared to CSHP (0.16%). In terms of maximum drawdown, MAGA dropped -43.17% vs CSHP's -0.08%.

Which ETF is better, MAGA or CSHP?

On 1-year performance, MAGA leads with 12.97% vs 3.94% for CSHP. On fees, CSHP is cheaper at 0.20% 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.

Which ETF has performed better, MAGA or CSHP?

Over the 1-year period, MAGA has performed better with a 12.97% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGA or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.72% for MAGA.

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

CSHP has the higher dividend yield at 3.91%, compared with 1.50% for MAGA.

What is the main difference between MAGA and CSHP?

MAGA is categorized as Large Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Point Bridge Capital and iShares. Their fees differ too: 0.72% for MAGA and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.09 vs 1.15), 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.