NULV vs. CSHP
NULV (Nuveen ESG Large-Cap Value ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - NULV is a Large Cap Value Equities fund tracking the MSCI TIAA ESG USA Large Cap Value, while CSHP is a Ultrashort Bond fund actively managed by iShares. NULV is passively managed, while CSHP is actively managed. Over the past year, NULV returned 24.32% vs 3.96% for CSHP. At a 0.04 correlation, their price movements are largely independent. NULV charges 0.26%/yr vs 0.20%/yr for CSHP.
Performance
NULV vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, NULV achieves a 10.63% return, which is significantly higher than CSHP's 1.86% return.
NULV
- 1D
- 0.23%
- 1M
- -1.58%
- YTD
- 10.63%
- 6M
- 9.95%
- 1Y
- 24.32%
- 3Y*
- 16.36%
- 5Y*
- 8.68%
- 10Y*
- —
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NULV vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NULV Nuveen ESG Large-Cap Value ETF | 10.63% | 16.31% | 1.25% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between NULV and CSHP is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.04 |
The correlation between NULV and CSHP shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NULV vs. CSHP — Risk / Return Rank
NULV
CSHP
NULV vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Large-Cap Value ETF (NULV) 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.
| NULV | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.98 | ||
| Sortino ratioReturn per unit of downside risk | -25.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 6.67 | -5.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 65.84 | -62.49 |
| Martin ratioReturn relative to average drawdown | 13.72 | 395.75 | -382.03 |
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Drawdowns
NULV vs. CSHP - Drawdown Comparison
The maximum NULV drawdown since its inception was -36.99%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for NULV and CSHP.
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Drawdown Indicators
| NULV | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -0.08% | -36.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -0.06% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | — | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.01% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -0.00% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.01% | +1.77% |
Volatility
NULV vs. CSHP - Volatility Comparison
Nuveen ESG Large-Cap Value ETF (NULV) has a higher volatility of 3.43% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that NULV'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
| NULV | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 0.15% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 0.27% | +8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 0.36% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 0.41% | +13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 0.41% | +16.59% |
NULV vs. CSHP - Expense Ratio Comparison
NULV has a 0.26% expense ratio, which is higher than CSHP's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NULV vs. CSHP - Dividend Comparison
NULV's dividend yield for the trailing twelve months is around 1.48%, 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% |
NULV Nuveen ESG Large-Cap Value ETF | 1.48% | 1.64% | 2.09% | 2.55% | 2.12% | 4.52% | 1.42% | 1.47% | 3.73% | 1.22% |
Frequently Asked Questions
NULV and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NULV has higher volatility (3.43%) compared to CSHP (0.15%). In terms of maximum drawdown, NULV dropped -36.99% vs CSHP's -0.08%.
On 1-year performance, NULV leads with 24.32% vs 3.96% for CSHP. On fees, CSHP is cheaper at 0.20% per year. 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.
Over the 1-year period, NULV has performed better with a 24.32% return vs 3.96%. 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 0.26% for NULV.
CSHP has the higher dividend yield at 3.91%, compared with 1.48% for NULV.
NULV is categorized as Large Cap Value Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.26% for NULV and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs 2.24), 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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