SHE vs. CSHP
SHE (SPDR SSGA Gender Diversity Index ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), while CSHP is a Ultrashort Bond fund actively managed by iShares. SHE is passively managed, while CSHP is actively managed. Over the past year, SHE returned 28.00% vs 3.94% for CSHP. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SHE vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, SHE achieves a 16.68% return, which is significantly higher than CSHP's 1.83% return.
SHE
- 1D
- -1.22%
- 1M
- 1.20%
- YTD
- 16.68%
- 6M
- 16.31%
- 1Y
- 28.00%
- 3Y*
- 22.78%
- 5Y*
- 10.14%
- 10Y*
- 12.78%
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHE vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHE SPDR SSGA Gender Diversity Index ETF | 16.68% | 15.50% | 5.16% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between SHE 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 SHE 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
SHE vs. CSHP — Risk / Return Rank
SHE
CSHP
SHE vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.
| SHE | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.99 | ||
| Sortino ratioReturn per unit of downside risk | -24.67 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 6.46 | -5.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 65.45 | -62.16 |
| Martin ratioReturn relative to average drawdown | 12.91 | 381.67 | -368.76 |
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Drawdowns
SHE vs. CSHP - Drawdown Comparison
The maximum SHE drawdown since its inception was -35.80%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SHE and CSHP.
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Drawdown Indicators
| SHE | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -0.08% | -35.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -0.06% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | -0.04% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -0.00% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.01% | +2.16% |
Volatility
SHE vs. CSHP - Volatility Comparison
SPDR SSGA Gender Diversity Index ETF (SHE) has a higher volatility of 5.16% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that SHE'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
| SHE | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 0.16% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 0.27% | +10.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 0.36% | +13.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 0.41% | +16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 0.41% | +17.65% |
SHE vs. CSHP - Expense Ratio Comparison
Both SHE and CSHP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SHE vs. CSHP - Dividend Comparison
SHE's dividend yield for the trailing twelve months is around 1.09%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHE SPDR SSGA Gender Diversity Index ETF | 1.09% | 1.18% | 1.14% | 1.37% | 1.54% | 0.99% | 1.24% | 1.91% | 7.39% | 5.37% | 6.41% |
Frequently Asked Questions
SHE 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.
SHE has higher volatility (5.16%) compared to CSHP (0.16%). In terms of maximum drawdown, SHE dropped -35.80% vs CSHP's -0.08%.
On 1-year performance, SHE leads with 28.00% vs 3.94% for CSHP. Both ETFs have the same 0.20% expense ratio. 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, SHE has performed better with a 28.00% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHE and CSHP have the same expense ratio: 0.20% per year.
CSHP has the higher dividend yield at 3.91%, compared with 1.09% for SHE.
SHE is categorized as Large Cap Growth Equities, while CSHP is Ultrashort Bond. They also come from different issuers: State Street and iShares.
CSHP currently has the higher Sharpe Ratio (11.09 vs 2.09), 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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