RSPC vs. CSHP
RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - RSPC is a Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. RSPC is passively managed, while CSHP is actively managed. Over the past year, RSPC returned -2.95% vs 3.94% for CSHP. At a 0.06 correlation, their price movements are largely independent. RSPC charges 0.40%/yr vs 0.20%/yr for CSHP.
Performance
RSPC vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, RSPC achieves a -10.64% return, which is significantly lower than CSHP's 1.83% return.
RSPC
- 1D
- 0.77%
- 1M
- -5.33%
- YTD
- -10.64%
- 6M
- -10.20%
- 1Y
- -2.95%
- 3Y*
- 10.22%
- 5Y*
- -0.76%
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSPC vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -10.64% | 18.44% | 11.71% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between RSPC 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 Jul 18, 2024 | 0.06 |
The correlation between RSPC and CSHP shifts across timeframes, from -0.06 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPC vs. CSHP — Risk / Return Rank
RSPC
CSHP
RSPC vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) 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.
| RSPC | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.30 | ||
| Sortino ratioReturn per unit of downside risk | -27.80 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 6.46 | -5.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 65.45 | -65.66 |
| Martin ratioReturn relative to average drawdown | -0.50 | 381.67 | -382.18 |
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Drawdowns
RSPC vs. CSHP - Drawdown Comparison
The maximum RSPC drawdown since its inception was -38.03%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for RSPC and CSHP.
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Drawdown Indicators
| RSPC | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -0.08% | -37.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -0.06% | -13.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.96% | — | — |
Current DrawdownCurrent decline from peak | -13.39% | -0.04% | -13.35% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -0.00% | -12.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 0.01% | +5.84% |
Volatility
RSPC vs. CSHP - Volatility Comparison
Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) has a higher volatility of 4.67% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that RSPC'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
| RSPC | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 0.16% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 0.27% | +9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 0.36% | +13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 0.41% | +18.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 0.41% | +20.33% |
RSPC vs. CSHP - Expense Ratio Comparison
RSPC has a 0.40% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
RSPC vs. CSHP - Dividend Comparison
RSPC's dividend yield for the trailing twelve months is around 1.84%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | 1.84% | 1.66% | 1.03% | 0.98% | 1.45% | 1.10% | 1.05% | 0.90% | 0.24% |
Frequently Asked Questions
RSPC 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.
RSPC has higher volatility (4.67%) compared to CSHP (0.16%). In terms of maximum drawdown, RSPC dropped -38.03% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -2.95% for RSPC. 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, CSHP has performed better with a 3.94% return vs -2.95%. 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 0.40% for RSPC.
CSHP has the higher dividend yield at 3.91%, compared with 1.84% for RSPC.
RSPC is categorized as Communications Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPC and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.21), 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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