SEEM vs. CSHP

Last updated Jun 23, 2026

SEEM (SEI Select Emerging Markets Equity ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SEEM is a Emerging Markets Diversified fund actively managed by SEI, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, SEEM returned 62.03% vs 3.96% for CSHP. At a correlation of -0.04, they often move in opposite directions. SEEM charges 0.60%/yr vs 0.20%/yr for CSHP.

Performance

SEEM vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Select Emerging Markets Equity ETF (SEEM) 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, SEEM achieves a 34.03% return, which is significantly higher than CSHP's 1.86% return.

SEEM

• 1D: 0.72%
• 1M: 8.87%
• YTD: 34.03%
• 6M: 36.33%
• 1Y: 62.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.01%
• 1M: 0.30%
• YTD: 1.86%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEEM vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEEM SEI Select Emerging Markets Equity ETF	34.03%	38.16%	-6.66%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.86%	4.10%	1.04%

Correlation

The correlation between SEEM 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 Oct 10, 2024	-0.04

Return for Risk

SEEM vs. CSHP — Risk / Return Rank

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

SEEM

SEEM Risk / Return Rank: 86
SEEM Sharpe Ratio Rank: 90
SEEM Sortino Ratio Rank: 84
SEEM Omega Ratio Rank: 88
SEEM Calmar Ratio Rank: 84
SEEM Martin Ratio Rank: 85

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.

SEEM vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Select Emerging Markets Equity ETF (SEEM) 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.

	SEEM	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	2.90	11.22	-8.32
Sortino ratio: Return per unit of downside risk	3.57	28.31	-24.73
Omega ratio: Gain probability vs. loss probability	1.53	6.67	-5.15
Calmar ratio: Return relative to maximum drawdown	4.45	65.84	-61.39
Martin ratio: Return relative to average drawdown	17.01	395.75	-378.74

SEEM vs. CSHP - Sharpe Ratio Comparison

The current SEEM Sharpe Ratio is 2.90, which is lower than the CSHP Sharpe Ratio of 11.22. The chart below compares the historical Sharpe Ratios of SEEM 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

SEEM vs. CSHP - Drawdown Comparison

The maximum SEEM drawdown since its inception was -14.34%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SEEM and CSHP.

Drawdown Indicators

	SEEM	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-0.08%	-14.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-0.06%	-13.95%
Current Drawdown Current decline from peak	0.00%	-0.01%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.66%	-0.00%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	0.01%	+3.65%

Volatility

SEEM vs. CSHP - Volatility Comparison

SEI Select Emerging Markets Equity ETF (SEEM) has a higher volatility of 10.34% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that SEEM'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

	SEEM	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.34%	0.15%	+10.19%
Volatility (6M) Calculated over the trailing 6-month period	19.24%	0.27%	+18.97%
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	0.36%	+21.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	0.41%	+20.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	0.41%	+20.33%

SEEM vs. CSHP - Expense Ratio Comparison

SEEM has a 0.60% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

SEEM vs. CSHP - Dividend Comparison

SEEM's dividend yield for the trailing twelve months is around 2.37%, 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%
SEEM SEI Select Emerging Markets Equity ETF	2.37%	3.31%	0.31%

Frequently Asked Questions

Can I hold both SEEM and CSHP in my portfolio?

SEEM 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.

Which is riskier, SEEM or CSHP?

SEEM has higher volatility (10.34%) compared to CSHP (0.15%). In terms of maximum drawdown, SEEM dropped -14.34% vs CSHP's -0.08%.

Which ETF is better, SEEM or CSHP?

On 1-year performance, SEEM leads with 62.03% vs 3.96% 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, SEEM or CSHP?

Over the 1-year period, SEEM has performed better with a 62.03% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEEM or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.60% for SEEM.

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

CSHP has the higher dividend yield at 3.91%, compared with 2.37% for SEEM.

What is the main difference between SEEM and CSHP?

SEEM is categorized as Emerging Markets Diversified, while CSHP is Ultrashort Bond. They also come from different issuers: SEI and iShares. Their fees differ too: 0.60% for SEEM and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.22 vs 2.90), 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.