RAA vs. CSHP
RAA (SMI 3Fourteen REAL Asset Allocation ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - RAA is a Diversified Portfolio fund actively managed by SMI 3Fourteen, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, RAA returned 17.36% vs 4.19% for CSHP. Their 0.00 correlation means their historical movements had little consistent relationship. RAA charges 0.85%/yr vs 0.20%/yr for CSHP.
Performance
RAA vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, RAA achieves a 7.87% return, which is significantly higher than CSHP's 2.53% return.
RAA
- 1D
- 0.22%
- 1M
- 0.49%
- 6M
- 5.16%
- YTD
- 7.87%
- 1Y
- 17.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.06%
CSHP
- 1D
- 0.15%
- 1M
- 0.50%
- 6M
- 2.23%
- YTD
- 2.53%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.42M | $7.30M | $2.63M | |
| $1.45M | $1.38M | $1.58M |
RAA vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RAA SMI 3Fourteen REAL Asset Allocation ETF | 7.87% | 11.92% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.53% | 3.46% |
Correlation
The correlation between RAA and CSHP is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | 0.00 |
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Return for Risk
RAA vs. CSHP — Risk / Return Rank
RAA
CSHP
RAA vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SMI 3Fourteen REAL Asset Allocation ETF (RAA) 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.
| RAA | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.79 | -1.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 10.90 | -7.95 |
| Martin ratioReturn relative to average drawdown | 8.78 | 68.37 | -59.59 |
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Drawdowns
RAA vs. CSHP - Drawdown Comparison
The maximum RAA drawdown since its inception was -11.96%, which is greater than CSHP's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for RAA and CSHP.
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Drawdown Indicators
| RAA | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -0.39% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.91% | -0.39% | -5.52% |
Current DrawdownCurrent decline from peak | -3.25% | -0.12% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -0.01% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.06% | +1.92% |
Volatility
RAA vs. CSHP - Volatility Comparison
SMI 3Fourteen REAL Asset Allocation ETF (RAA) has a higher volatility of 2.58% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 1.11%. This indicates that RAA'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
| RAA | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 1.11% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 1.12% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 1.15% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 0.86% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.62% | 0.86% | +11.76% |
RAA vs. CSHP - Expense Ratio Comparison
RAA has a 0.85% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
RAA vs. CSHP - Dividend Comparison
RAA's dividend yield for the trailing twelve months is around 2.13%, less than CSHP's 4.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.10% | 5.39% | 1.96% |
RAA SMI 3Fourteen REAL Asset Allocation ETF | 2.13% | 2.14% | 0.00% |
Frequently Asked Questions
RAA and CSHP have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAA has higher volatility (2.58%) compared to CSHP (1.11%). In terms of maximum drawdown, RAA dropped -11.96% vs CSHP's -0.39%.
On 1-year performance, RAA leads with 17.36% vs 4.19% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RAA has performed better with a 17.36% return vs 4.19%. 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 0.85% for RAA.
CSHP has the higher dividend yield at 4.10%, compared with 2.13% for RAA.
RAA is categorized as Diversified Portfolio, while CSHP is Ultrashort Bond. They also come from different issuers: SMI 3Fourteen and iShares. Their fees differ too: 0.85% for RAA and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (3.67 vs 1.67), 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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