MSTY vs. CSHP
MSTY (YieldMax™ MSTR Option Income Strategy ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - MSTY is a Derivative Income fund actively managed by YieldMax, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, MSTY returned -66.58% vs 3.94% for CSHP. At a 0.07 correlation, their price movements are largely independent. MSTY charges 0.99%/yr vs 0.20%/yr for CSHP.
Performance
MSTY vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, MSTY achieves a -27.80% return, which is significantly lower than CSHP's 1.83% return.
MSTY
- 1D
- -4.55%
- 1M
- -31.74%
- YTD
- -27.80%
- 6M
- -29.80%
- 1Y
- -66.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTY vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | -27.80% | -42.71% | 55.75% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between MSTY and CSHP is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.07 |
The correlation between MSTY and CSHP shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSTY vs. CSHP — Risk / Return Rank
MSTY
CSHP
MSTY vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) 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.
| MSTY | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.16 | ||
| Sortino ratioReturn per unit of downside risk | -29.56 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 6.46 | -5.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 65.45 | -66.38 |
| Martin ratioReturn relative to average drawdown | -1.35 | 381.67 | -383.02 |
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Drawdowns
MSTY vs. CSHP - Drawdown Comparison
The maximum MSTY drawdown since its inception was -71.79%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for MSTY and CSHP.
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Drawdown Indicators
| MSTY | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.79% | -0.08% | -71.71% |
Max Drawdown (1Y)Largest decline over 1 year | -71.79% | -0.06% | -71.73% |
Current DrawdownCurrent decline from peak | -71.62% | -0.04% | -71.58% |
Average DrawdownAverage peak-to-trough decline | -26.97% | -0.00% | -26.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.36% | 0.01% | +49.35% |
Volatility
MSTY vs. CSHP - Volatility Comparison
YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 19.32% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that MSTY'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.
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Volatility by Period
| MSTY | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.32% | 0.16% | +19.16% |
Volatility (6M)Calculated over the trailing 6-month period | 49.66% | 0.27% | +49.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.02% | 0.36% | +61.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.82% | 0.41% | +71.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.82% | 0.41% | +71.41% |
MSTY vs. CSHP - Expense Ratio Comparison
MSTY has a 0.99% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
MSTY vs. CSHP - Dividend Comparison
MSTY's dividend yield for the trailing twelve months is around 286.06%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 286.06% | 294.61% | 104.56% |
Frequently Asked Questions
MSTY and CSHP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.32%) compared to CSHP (0.16%). In terms of maximum drawdown, MSTY dropped -71.79% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -66.58% for MSTY. 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.
Over the 1-year period, CSHP has performed better with a 3.94% return vs -66.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.99% for MSTY.
MSTY has the higher dividend yield at 286.06%, compared with 3.91% for CSHP.
MSTY is categorized as Derivative Income, while CSHP is Ultrashort Bond. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSTY and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -1.08), 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.
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