RVER vs. CSHP

Last updated Jun 21, 2026

RVER (Trenchless Fund ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - RVER is a Large Cap Blend Equities fund actively managed by River1, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, RVER returned 20.49% vs 3.98% for CSHP. At a 0.04 correlation, their price movements are largely independent. RVER charges 0.65%/yr vs 0.20%/yr for CSHP.

Performance

RVER vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trenchless Fund ETF (RVER) 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, RVER achieves a 13.97% return, which is significantly higher than CSHP's 1.87% return.

RVER

• 1D: 1.44%
• 1M: 9.96%
• YTD: 13.97%
• 6M: 13.99%
• 1Y: 20.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.06%
• 1M: 0.35%
• YTD: 1.87%
• 6M: 1.95%
• 1Y: 3.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RVER vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RVER Trenchless Fund ETF	13.97%	5.68%	15.60%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.87%	4.10%	2.24%

Correlation

The correlation between RVER and CSHP is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.04

The correlation between RVER and CSHP shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RVER vs. CSHP — Risk / Return Rank

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

RVER

RVER Risk / Return Rank: 22
RVER Sharpe Ratio Rank: 24
RVER Sortino Ratio Rank: 24
RVER Omega Ratio Rank: 23
RVER Calmar Ratio Rank: 20
RVER Martin Ratio Rank: 21

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.

RVER vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trenchless Fund ETF (RVER) 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.

	RVER	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	0.84	11.36	-10.52
Sortino ratio: Return per unit of downside risk	1.30	28.68	-27.38
Omega ratio: Gain probability vs. loss probability	1.16	6.83	-5.67
Calmar ratio: Return relative to maximum drawdown	0.90	66.48	-65.58
Martin ratio: Return relative to average drawdown	2.42	400.50	-398.07

RVER vs. CSHP - Sharpe Ratio Comparison

The current RVER Sharpe Ratio is 0.84, which is lower than the CSHP Sharpe Ratio of 11.36. The chart below compares the historical Sharpe Ratios of RVER 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

RVER vs. CSHP - Drawdown Comparison

The maximum RVER drawdown since its inception was -26.21%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for RVER and CSHP.

Drawdown Indicators

	RVER	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-26.21%	-0.08%	-26.13%
Max Drawdown (1Y) Largest decline over 1 year	-21.61%	-0.06%	-21.55%
Current Drawdown Current decline from peak	-6.34%	0.00%	-6.34%
Average Drawdown Average peak-to-trough decline	-5.95%	-0.00%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.00%	0.01%	+7.99%

Volatility

RVER vs. CSHP - Volatility Comparison

Trenchless Fund ETF (RVER) has a higher volatility of 10.14% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that RVER'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

	RVER	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	0.15%	+9.99%
Volatility (6M) Calculated over the trailing 6-month period	19.18%	0.27%	+18.91%
Volatility (1Y) Calculated over the trailing 1-year period	23.15%	0.35%	+22.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.44%	0.41%	+26.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.44%	0.41%	+26.03%

RVER vs. CSHP - Expense Ratio Comparison

RVER has a 0.65% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

RVER vs. CSHP - Dividend Comparison

RVER's dividend yield for the trailing twelve months is around 1.50%, 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%
RVER Trenchless Fund ETF	1.50%	1.71%	0.00%

Frequently Asked Questions

Can I hold both RVER and CSHP in my portfolio?

RVER and CSHP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVER or CSHP?

RVER has higher volatility (10.14%) compared to CSHP (0.15%). In terms of maximum drawdown, RVER dropped -26.21% vs CSHP's -0.08%.

Which ETF is better, RVER or CSHP?

On 1-year performance, RVER leads with 20.49% vs 3.98% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVER or CSHP?

Over the 1-year period, RVER has performed better with a 20.49% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVER or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.65% for RVER.

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

CSHP has the higher dividend yield at 3.91%, compared with 1.50% for RVER.

What is the main difference between RVER and CSHP?

RVER is categorized as Large Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: River1 and iShares. Their fees differ too: 0.65% for RVER and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.36 vs 0.84), 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.