RPG vs. CSHP
RPG (Invesco S&P 500 Pure Growth ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - RPG is a Large Cap Growth Equities fund tracking the S&P 500/Citigroup Pure Growth Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. RPG is passively managed, while CSHP is actively managed. Over the past year, RPG returned 38.51% vs 3.94% for CSHP. At a 0.04 correlation, their price movements are largely independent. RPG charges 0.35%/yr vs 0.20%/yr for CSHP.
Performance
RPG vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, RPG achieves a 30.31% return, which is significantly higher than CSHP's 1.83% return.
RPG
- 1D
- -4.60%
- 1M
- 5.48%
- YTD
- 30.31%
- 6M
- 27.62%
- 1Y
- 38.51%
- 3Y*
- 27.72%
- 5Y*
- 11.59%
- 10Y*
- 15.14%
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RPG vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RPG Invesco S&P 500 Pure Growth ETF | 30.31% | 13.41% | 10.49% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between RPG and CSHP is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.04 |
The correlation between RPG and CSHP shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RPG vs. CSHP — Risk / Return Rank
RPG
CSHP
RPG vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Pure Growth ETF (RPG) 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.
| RPG | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.33 | ||
| Sortino ratioReturn per unit of downside risk | -25.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 6.46 | -5.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 65.45 | -61.96 |
| Martin ratioReturn relative to average drawdown | 13.16 | 381.67 | -368.51 |
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Drawdowns
RPG vs. CSHP - Drawdown Comparison
The maximum RPG drawdown since its inception was -53.27%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for RPG and CSHP.
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Drawdown Indicators
| RPG | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.27% | -0.08% | -53.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -0.06% | -11.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.58% | — | — |
Current DrawdownCurrent decline from peak | -4.60% | -0.04% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -0.00% | -8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.01% | +2.92% |
Volatility
RPG vs. CSHP - Volatility Comparison
Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 11.10% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that RPG'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
| RPG | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 0.16% | +10.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 0.27% | +18.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.09% | 0.36% | +21.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 0.41% | +23.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 0.41% | +22.49% |
RPG vs. CSHP - Expense Ratio Comparison
RPG has a 0.35% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
RPG vs. CSHP - Dividend Comparison
RPG's dividend yield for the trailing twelve months is around 0.15%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RPG Invesco S&P 500 Pure Growth ETF | 0.15% | 0.24% | 0.25% | 1.44% | 0.74% | 0.00% | 0.46% | 0.83% | 0.47% | 0.56% | 0.43% | 0.73% |
Frequently Asked Questions
RPG and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPG has higher volatility (11.10%) compared to CSHP (0.16%). In terms of maximum drawdown, RPG dropped -53.27% vs CSHP's -0.08%.
On 1-year performance, RPG leads with 38.51% 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.
Over the 1-year period, RPG has performed better with a 38.51% return vs 3.94%. 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 0.35% for RPG.
CSHP has the higher dividend yield at 3.91%, compared with 0.15% for RPG.
RPG is categorized as Large Cap Growth Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for RPG and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs 1.75), 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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