QQWZ vs. CSHP

Last updated Jun 24, 2026

QQWZ (Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - QQWZ is a Nasdaq-100 fund actively managed by Pacer, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, QQWZ returned 31.25% vs 3.94% for CSHP. At a correlation of -0.07, they often move in opposite directions. QQWZ charges 0.49%/yr vs 0.20%/yr for CSHP.

Performance

QQWZ vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ) 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, QQWZ achieves a 14.35% return, which is significantly higher than CSHP's 1.83% return.

QQWZ

• 1D: -3.00%
• 1M: -0.25%
• YTD: 14.35%
• 6M: 11.94%
• 1Y: 31.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.03%
• 1M: 0.27%
• YTD: 1.83%
• 6M: 1.92%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQWZ vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025
QQWZ Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF	14.35%	26.23%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.83%	2.65%

Correlation

The correlation between QQWZ and CSHP is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since May 7, 2025	-0.07

Return for Risk

QQWZ vs. CSHP — Risk / Return Rank

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

QQWZ

QQWZ Risk / Return Rank: 70
QQWZ Sharpe Ratio Rank: 66
QQWZ Sortino Ratio Rank: 61
QQWZ Omega Ratio Rank: 66
QQWZ Calmar Ratio Rank: 81
QQWZ Martin Ratio Rank: 77

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
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.

QQWZ vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ) 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.

	QQWZ	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	11.09	-9.08
Sortino ratio: Return per unit of downside risk	2.65	27.60	-24.95
Omega ratio: Gain probability vs. loss probability	1.37	6.46	-5.09
Calmar ratio: Return relative to maximum drawdown	4.02	65.45	-61.43
Martin ratio: Return relative to average drawdown	13.81	381.67	-367.86

QQWZ vs. CSHP - Sharpe Ratio Comparison

The current QQWZ Sharpe Ratio is 2.01, which is lower than the CSHP Sharpe Ratio of 11.09. The chart below compares the historical Sharpe Ratios of QQWZ 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.

Drawdowns

QQWZ vs. CSHP - Drawdown Comparison

The maximum QQWZ drawdown since its inception was -7.81%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for QQWZ and CSHP.

Drawdown Indicators

	QQWZ	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-7.81%	-0.08%	-7.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-0.06%	-7.75%
Current Drawdown Current decline from peak	-4.07%	-0.04%	-4.03%
Average Drawdown Average peak-to-trough decline	-1.44%	-0.00%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	0.01%	+2.26%

Volatility

QQWZ vs. CSHP - Volatility Comparison

Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ) has a higher volatility of 8.52% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that QQWZ'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

	QQWZ	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	0.16%	+8.36%
Volatility (6M) Calculated over the trailing 6-month period	11.51%	0.27%	+11.24%
Volatility (1Y) Calculated over the trailing 1-year period	15.68%	0.36%	+15.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.83%	0.41%	+15.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	0.41%	+15.42%

QQWZ vs. CSHP - Expense Ratio Comparison

QQWZ has a 0.49% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

QQWZ vs. CSHP - Dividend Comparison

QQWZ's dividend yield for the trailing twelve months is around 0.57%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%
QQWZ Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF	0.57%	0.11%	0.00%

Frequently Asked Questions

Can I hold both QQWZ and CSHP in my portfolio?

QQWZ and CSHP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQWZ or CSHP?

QQWZ has higher volatility (8.52%) compared to CSHP (0.16%). In terms of maximum drawdown, QQWZ dropped -7.81% vs CSHP's -0.08%.

Which ETF is better, QQWZ or CSHP?

On 1-year performance, QQWZ leads with 31.25% vs 3.94% 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.

Which ETF has performed better, QQWZ or CSHP?

Over the 1-year period, QQWZ has performed better with a 31.25% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQWZ or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.49% for QQWZ.

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

CSHP has the higher dividend yield at 3.91%, compared with 0.57% for QQWZ.

What is the main difference between QQWZ and CSHP?

QQWZ is categorized as Nasdaq-100, while CSHP is Ultrashort Bond. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.49% for QQWZ and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.09 vs 2.01), 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.