SLJY vs. CSHP
SLJY (Amplify SILJ Covered Call ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. SLJY charges 0.75%/yr vs 0.20%/yr for CSHP.
Performance
SLJY vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, SLJY achieves a -4.62% return, which is significantly lower than CSHP's 1.83% return.
SLJY
- 1D
- -4.03%
- 1M
- -10.47%
- YTD
- -4.62%
- 6M
- -7.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLJY vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLJY Amplify SILJ Covered Call ETF | -4.62% | 42.11% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 1.44% |
Correlation
The correlation between SLJY 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 (All Time) Calculated using the full available price history since Aug 19, 2025 | -0.09 |
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Return for Risk
SLJY vs. CSHP — Risk / Return Rank
SLJY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSHP
SLJY vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) 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.
| SLJY | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 6.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 65.45 | — |
| Martin ratioReturn relative to average drawdown | — | 381.67 | — |
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Drawdowns
SLJY vs. CSHP - Drawdown Comparison
The maximum SLJY drawdown since its inception was -32.40%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SLJY and CSHP.
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Drawdown Indicators
| SLJY | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.40% | -0.08% | -32.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.06% | — |
Current DrawdownCurrent decline from peak | -30.62% | -0.04% | -30.58% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -0.00% | -10.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.01% | — |
Volatility
SLJY vs. CSHP - Volatility Comparison
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Volatility by Period
| SLJY | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.39% | 0.36% | +50.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.39% | 0.41% | +49.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.39% | 0.41% | +49.98% |
SLJY vs. CSHP - Expense Ratio Comparison
SLJY has a 0.75% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
SLJY vs. CSHP - Dividend Comparison
SLJY's dividend yield for the trailing twelve months is around 18.88%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
SLJY Amplify SILJ Covered Call ETF | 18.88% | 6.26% | 0.00% |
Frequently Asked Questions
SLJY 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.
On fees, CSHP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.75% for SLJY.
SLJY has the higher dividend yield at 18.88%, compared with 3.91% for CSHP.
SLJY is categorized as Derivative Income, while CSHP is Ultrashort Bond. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.75% for SLJY and 0.20% for CSHP.
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