OUSM vs. CSHP
OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. OUSM is passively managed, while CSHP is actively managed. Over the past year, OUSM returned 13.79% vs 3.96% for CSHP. At a 0.02 correlation, their price movements are largely independent. OUSM charges 0.48%/yr vs 0.20%/yr for CSHP.
Performance
OUSM vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, OUSM achieves a 8.33% return, which is significantly higher than CSHP's 1.86% return.
OUSM
- 1D
- 0.02%
- 1M
- 1.06%
- YTD
- 8.33%
- 6M
- 6.41%
- 1Y
- 13.79%
- 3Y*
- 12.00%
- 5Y*
- 8.27%
- 10Y*
- —
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OUSM vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OUSM OShares U.S. Small-Cap Quality Dividend ETF | 8.33% | 2.17% | 1.43% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between OUSM and CSHP is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.02 |
The correlation between OUSM and CSHP shifts across timeframes, from -0.13 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OUSM vs. CSHP — Risk / Return Rank
OUSM
CSHP
OUSM vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) 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.
| OUSM | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.17 | ||
| Sortino ratioReturn per unit of downside risk | -26.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 6.67 | -5.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 65.84 | -64.34 |
| Martin ratioReturn relative to average drawdown | 4.39 | 395.75 | -391.36 |
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Drawdowns
OUSM vs. CSHP - Drawdown Comparison
The maximum OUSM drawdown since its inception was -39.84%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for OUSM and CSHP.
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Drawdown Indicators
| OUSM | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.84% | -0.08% | -39.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -0.06% | -9.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.01% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -0.00% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 0.01% | +3.14% |
Volatility
OUSM vs. CSHP - Volatility Comparison
OShares U.S. Small-Cap Quality Dividend ETF (OUSM) has a higher volatility of 3.30% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that OUSM'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
| OUSM | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 0.15% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 0.27% | +9.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 0.36% | +12.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 0.41% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 0.41% | +18.50% |
OUSM vs. CSHP - Expense Ratio Comparison
OUSM has a 0.48% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
OUSM vs. CSHP - Dividend Comparison
OUSM's dividend yield for the trailing twelve months is around 2.03%, 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% |
OUSM OShares U.S. Small-Cap Quality Dividend ETF | 2.03% | 2.09% | 1.62% | 1.64% | 1.98% | 1.55% | 2.02% | 1.99% | 2.63% | 2.17% |
Frequently Asked Questions
OUSM and CSHP 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.
OUSM has higher volatility (3.30%) compared to CSHP (0.15%). In terms of maximum drawdown, OUSM dropped -39.84% vs CSHP's -0.08%.
On 1-year performance, OUSM leads with 13.79% 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, OUSM has performed better with a 13.79% 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 0.48% for OUSM.
CSHP has the higher dividend yield at 3.91%, compared with 2.03% for OUSM.
OUSM is categorized as Small Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: O'Shares Investments and iShares. Their fees differ too: 0.48% for OUSM and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs 1.05), 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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