PJT vs. ICSH
PJT (PJT Partners Inc.) 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, PJT returned 23.02%/yr vs 2.78%/yr for ICSH. At a 0.03 correlation, their price movements are largely independent.
Performance
PJT vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, PJT achieves a -2.20% return, which is significantly lower than ICSH's 1.75% return. Over the past 10 years, PJT has outperformed ICSH with an annualized return of 23.02%, while ICSH has yielded a comparatively lower 2.78% annualized return.
PJT
- 1D
- 4.53%
- 1M
- 5.26%
- 6M
- -3.55%
- YTD
- -2.20%
- 1Y
- -2.65%
- 3Y*
- 33.42%
- 5Y*
- 19.82%
- 10Y*
- 23.02%
ICSH
- 1D
- 0.04%
- 1M
- 0.30%
- 6M
- 1.75%
- YTD
- 1.75%
- 1Y
- 4.18%
- 3Y*
- 5.14%
- 5Y*
- 3.74%
- 10Y*
- 2.78%
PJT vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJT PJT Partners Inc. | -2.20% | 6.62% | 56.23% | 40.00% | 0.92% | 2.62% | 67.34% | 17.00% | -14.67% | 48.41% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.75% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Correlation
The correlation between PJT and ICSH is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
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 Oct 1, 2015 | 0.03 |
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Return for Risk
PJT vs. ICSH — Risk / Return Rank
PJT
ICSH
PJT vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PJT Partners Inc. (PJT) 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.
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.
| PJT | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.23 | ||
| Sortino ratioReturn per unit of downside risk | -22.43 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 5.59 | -4.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 42.64 | -42.69 |
| Martin ratioReturn relative to average drawdown | -0.12 | 240.75 | -240.86 |
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Drawdowns
PJT vs. ICSH - Drawdown Comparison
The maximum PJT drawdown since its inception was -58.44%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for PJT and ICSH.
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Drawdown Indicators
| PJT | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.44% | -3.94% | -54.50% |
Max Drawdown (1Y)Largest decline over 1 year | -32.47% | -0.10% | -32.37% |
Max Drawdown (3Y)Largest decline over 3 years | -32.47% | -0.10% | -32.37% |
Max Drawdown (5Y)Largest decline over 5 years | -37.80% | -0.73% | -37.07% |
Max Drawdown (10Y)Largest decline over 10 years | -58.44% | -3.94% | -54.50% |
Current DrawdownCurrent decline from peak | -14.57% | 0.00% | -14.57% |
Average DrawdownAverage peak-to-trough decline | -13.02% | -0.08% | -12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.83% | 0.02% | +14.81% |
Volatility
PJT vs. ICSH - Volatility Comparison
PJT Partners Inc. (PJT) has a higher volatility of 11.42% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.17%. This indicates that PJT'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
| PJT | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.42% | 0.17% | +11.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 0.32% | +22.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.03% | 0.41% | +29.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 0.49% | +29.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.46% | 1.06% | +32.40% |
Dividends
PJT vs. ICSH - Dividend Comparison
PJT's dividend yield for the trailing twelve months is around 0.61%, less than ICSH's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.28% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
PJT PJT Partners Inc. | 0.61% | 0.60% | 0.63% | 0.98% | 1.36% | 4.32% | 0.27% | 0.44% | 0.52% | 0.44% | 0.65% | 0.00% |
Frequently Asked Questions
PJT and ICSH have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJT has higher volatility (11.42%) compared to ICSH (0.17%). In terms of maximum drawdown, PJT dropped -58.44% vs ICSH's -3.94%.
ICSH currently has the higher Sharpe Ratio (10.17 vs -0.06), 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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