OAKM vs. CSHP
OAKM (Oakmark U.S. Large Cap ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - OAKM is a Large Cap Value Equities fund actively managed by Oakmark, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, OAKM returned 11.39% vs 3.89% for CSHP. At a correlation of -0.04, they often move in opposite directions. OAKM charges 0.59%/yr vs 0.20%/yr for CSHP.
Performance
OAKM vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, OAKM achieves a -1.27% return, which is significantly lower than CSHP's 1.79% return.
OAKM
- 1D
- 0.36%
- 1M
- -0.46%
- YTD
- -1.27%
- 6M
- -2.17%
- 1Y
- 11.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.04%
- 1M
- 0.23%
- YTD
- 1.79%
- 6M
- 1.85%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OAKM vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OAKM Oakmark U.S. Large Cap ETF | -1.27% | 21.46% | -5.20% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.79% | 4.10% | 0.35% |
Correlation
The correlation between OAKM and CSHP is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | -0.04 |
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Return for Risk
OAKM vs. CSHP — Risk / Return Rank
OAKM
CSHP
OAKM vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark U.S. Large Cap ETF (OAKM) 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.
| OAKM | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.94 | ||
| Sortino ratioReturn per unit of downside risk | -24.84 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 6.09 | -4.93 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 48.60 | -47.01 |
| Martin ratioReturn relative to average drawdown | 3.96 | 338.28 | -334.32 |
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Drawdowns
OAKM vs. CSHP - Drawdown Comparison
The maximum OAKM drawdown since its inception was -15.24%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for OAKM and CSHP.
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Drawdown Indicators
| OAKM | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -0.08% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -0.08% | -7.11% |
Current DrawdownCurrent decline from peak | -3.71% | -0.08% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -0.00% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 0.01% | +2.87% |
Volatility
OAKM vs. CSHP - Volatility Comparison
Oakmark U.S. Large Cap ETF (OAKM) has a higher volatility of 3.84% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that OAKM'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
| OAKM | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 0.16% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 0.27% | +9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 0.36% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 0.41% | +15.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 0.41% | +15.99% |
OAKM vs. CSHP - Expense Ratio Comparison
OAKM has a 0.59% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
OAKM vs. CSHP - Dividend Comparison
OAKM's dividend yield for the trailing twelve months is around 0.68%, less than CSHP's 3.92% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.92% | 5.39% | 1.96% |
OAKM Oakmark U.S. Large Cap ETF | 0.68% | 0.67% | 0.04% |
Frequently Asked Questions
OAKM and CSHP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAKM has higher volatility (3.84%) compared to CSHP (0.16%). In terms of maximum drawdown, OAKM dropped -15.24% vs CSHP's -0.08%.
On 1-year performance, OAKM leads with 11.39% vs 3.89% 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.
Over the 1-year period, OAKM has performed better with a 11.39% return vs 3.89%. 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 0.59% for OAKM.
CSHP has the higher dividend yield at 3.92%, compared with 0.68% for OAKM.
OAKM is categorized as Large Cap Value Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Oakmark and iShares. Their fees differ too: 0.59% for OAKM and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (10.81 vs 0.87), 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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