MSFT vs. ICSH
MSFT (Microsoft Corporation) is a stock, while ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund actively managed by iShares. Over the past 10 years, MSFT returned 24.64%/yr vs 2.77%/yr for ICSH. At a 0.05 correlation, their price movements are largely independent.
Performance
MSFT vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -14.48% return, which is significantly lower than ICSH's 1.43% return. Over the past 10 years, MSFT has outperformed ICSH with an annualized return of 24.64%, while ICSH has yielded a comparatively lower 2.77% annualized return.
MSFT
- 1D
- -1.18%
- 1M
- -0.60%
- YTD
- -14.48%
- 6M
- -15.77%
- 1Y
- -11.77%
- 3Y*
- 8.85%
- 5Y*
- 11.09%
- 10Y*
- 24.64%
ICSH
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 1.43%
- 6M
- 1.75%
- 1Y
- 4.30%
- 3Y*
- 5.15%
- 5Y*
- 3.67%
- 10Y*
- 2.77%
MSFT vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -14.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.43% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Correlation
The correlation between MSFT and ICSH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2013 | 0.05 |
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Return for Risk
MSFT vs. ICSH — Risk / Return Rank
MSFT
ICSH
MSFT vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.
| MSFT | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.47 | ||
| Sortino ratioReturn per unit of downside risk | -27.85 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 6.56 | -5.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 43.67 | -44.01 |
| Martin ratioReturn relative to average drawdown | -0.73 | 288.81 | -289.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFT | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 11.01 | -11.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 7.62 | -7.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 2.63 | -1.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.93 | -1.19 |
Drawdowns
MSFT vs. ICSH - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for MSFT and ICSH.
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Drawdown Indicators
| MSFT | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -3.94% | -65.44% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -0.10% | -33.81% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -0.10% | -33.81% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -0.73% | -36.42% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -3.94% | -33.21% |
Current DrawdownCurrent decline from peak | -23.56% | -0.02% | -23.54% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -0.08% | -21.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 0.01% | +16.12% |
Volatility
MSFT vs. ICSH - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 10.25% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.15%. This indicates that MSFT's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFT | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.25% | 0.15% | +10.10% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 0.30% | +22.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 0.39% | +24.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 0.48% | +26.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 1.06% | +26.00% |
Dividends
MSFT vs. ICSH - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.86%, less than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
MSFT Microsoft Corporation | 0.86% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT and ICSH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to ICSH (0.15%). In terms of maximum drawdown, MSFT dropped -69.38% vs ICSH's -3.94%.
ICSH currently has the higher Sharpe Ratio (11.01 vs -0.47), 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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