PRAE vs. CSHP

Last updated Jun 4, 2026

PRAE (PlanRock Alternative Growth ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - PRAE is a Diversified Portfolio fund actively managed by PlanRock, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, PRAE returned 34.75% vs 3.96% for CSHP. At a 0.02 correlation, their price movements are largely independent. PRAE charges 1.43%/yr vs 0.20%/yr for CSHP.

Performance

PRAE vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PlanRock Alternative Growth ETF (PRAE) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAE achieves a 12.14% return, which is significantly higher than CSHP's 1.63% return.

PRAE

• 1D: -0.42%
• 1M: 4.32%
• YTD: 12.14%
• 6M: 12.91%
• 1Y: 34.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRAE vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PRAE PlanRock Alternative Growth ETF	12.14%	13.70%	-2.23%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%

Correlation

The correlation between PRAE and CSHP is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.02

The correlation between PRAE and CSHP shifts across timeframes, from -0.14 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

PRAE vs. CSHP - Sectors Allocation Comparison

Sectors	PRAE	CSHP
Industrials	18.9%	-
Financial Services	18.4%	0.1%
Technology	15.2%	-
Energy	10.3%	-
Consumer Cyclical	9.4%	-
Healthcare	7.0%	-
Basic Materials	6.5%	-
Consumer Defensive	4.6%	-
Communication Services	4.4%	-
Real Estate	2.8%	-
Utilities	2.4%	-

Return for Risk

PRAE vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRAE

PRAE Risk / Return Rank: 70
PRAE Sharpe Ratio Rank: 73
PRAE Sortino Ratio Rank: 65
PRAE Omega Ratio Rank: 72
PRAE Calmar Ratio Rank: 73
PRAE Martin Ratio Rank: 69

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRAE vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PlanRock Alternative Growth ETF (PRAE) 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.

	PRAE	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	2.34	11.91	-9.56
Sortino ratio: Return per unit of downside risk	2.97	31.26	-28.29
Omega ratio: Gain probability vs. loss probability	1.43	7.44	-6.01
Calmar ratio: Return relative to maximum drawdown	3.57	65.71	-62.14
Martin ratio: Return relative to average drawdown	12.50	432.16	-419.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAE vs. CSHP - Sharpe Ratio Comparison

The current PRAE Sharpe Ratio is 2.34, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of PRAE and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRAE	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	11.91	-9.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	10.75	-9.77

Drawdowns

PRAE vs. CSHP - Drawdown Comparison

The maximum PRAE drawdown since its inception was -17.67%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for PRAE and CSHP.

Drawdown Indicators

	PRAE	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-17.67%	-0.08%	-17.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-0.06%	-9.71%
Current Drawdown Current decline from peak	-0.42%	0.00%	-0.42%
Average Drawdown Average peak-to-trough decline	-4.13%	-0.00%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	0.01%	+2.78%

Volatility

PRAE vs. CSHP - Volatility Comparison

PlanRock Alternative Growth ETF (PRAE) has a higher volatility of 3.66% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that PRAE'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.

Volatility by Period

	PRAE	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	0.07%	+3.59%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	0.24%	+11.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	0.33%	+14.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	0.40%	+14.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	0.40%	+14.42%

PRAE vs. CSHP - Expense Ratio Comparison

PRAE has a 1.43% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

PRAE vs. CSHP - Dividend Comparison

PRAE's dividend yield for the trailing twelve months is around 0.47%, 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%
PRAE PlanRock Alternative Growth ETF	0.47%	0.18%	0.99%

Frequently Asked Questions

Can I hold both PRAE and CSHP in my portfolio?

PRAE and CSHP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRAE or CSHP?

PRAE has higher volatility (3.66%) compared to CSHP (0.07%). In terms of maximum drawdown, PRAE dropped -17.67% vs CSHP's -0.08%.

Which ETF is better, PRAE or CSHP?

On 1-year performance, PRAE leads with 34.75% 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 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRAE or CSHP?

Over the 1-year period, PRAE has performed better with a 34.75% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRAE or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.43% for PRAE.

Which ETF pays a higher dividend yield, PRAE or CSHP?

CSHP has the higher dividend yield at 3.92%, compared with 0.47% for PRAE.

What is the main difference between PRAE and CSHP?

PRAE is categorized as Diversified Portfolio, while CSHP is Ultrashort Bond. They also come from different issuers: PlanRock and iShares. Their fees differ too: 1.43% for PRAE and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs 2.34), 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.