SNAV vs. CSHP

Last updated Jun 24, 2026

SNAV (Mohr Sector Nav ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SNAV is a Large Cap Blend Equities fund actively managed by Mohr Funds, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, SNAV returned 20.56% vs 3.94% for CSHP. At a 0.06 correlation, their price movements are largely independent. SNAV charges 1.30%/yr vs 0.20%/yr for CSHP.

Performance

SNAV vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Sector Nav ETF (SNAV) 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, SNAV achieves a 8.64% return, which is significantly higher than CSHP's 1.83% return.

SNAV

• 1D: -0.81%
• 1M: -0.19%
• YTD: 8.64%
• 6M: 7.86%
• 1Y: 20.56%
• 3Y*: 14.33%
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.03%
• 1M: 0.27%
• YTD: 1.83%
• 6M: 1.92%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAV vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SNAV Mohr Sector Nav ETF	8.64%	15.54%	1.37%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.83%	4.10%	2.24%

Correlation

The correlation between SNAV and CSHP is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.06

The correlation between SNAV and CSHP shifts across timeframes, from -0.08 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SNAV vs. CSHP — Risk / Return Rank

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

SNAV

SNAV Risk / Return Rank: 62
SNAV Sharpe Ratio Rank: 60
SNAV Sortino Ratio Rank: 56
SNAV Omega Ratio Rank: 58
SNAV Calmar Ratio Rank: 70
SNAV Martin Ratio Rank: 66

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.

SNAV vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Sector Nav ETF (SNAV) 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.

	SNAV	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	1.82	11.09	-9.27
Sortino ratio: Return per unit of downside risk	2.45	27.60	-25.15
Omega ratio: Gain probability vs. loss probability	1.33	6.46	-5.13
Calmar ratio: Return relative to maximum drawdown	3.20	65.45	-62.25
Martin ratio: Return relative to average drawdown	10.85	381.67	-370.82

SNAV vs. CSHP - Sharpe Ratio Comparison

The current SNAV Sharpe Ratio is 1.82, which is lower than the CSHP Sharpe Ratio of 11.09. The chart below compares the historical Sharpe Ratios of SNAV 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

SNAV vs. CSHP - Drawdown Comparison

The maximum SNAV drawdown since its inception was -16.61%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SNAV and CSHP.

Drawdown Indicators

	SNAV	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-0.08%	-16.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-0.06%	-6.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	—	—
Current Drawdown Current decline from peak	-3.28%	-0.04%	-3.24%
Average Drawdown Average peak-to-trough decline	-2.51%	-0.00%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	0.01%	+1.89%

Volatility

SNAV vs. CSHP - Volatility Comparison

Mohr Sector Nav ETF (SNAV) has a higher volatility of 4.80% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that SNAV'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

	SNAV	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	0.16%	+4.64%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	0.27%	+8.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	0.36%	+10.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.73%	0.41%	+13.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.73%	0.41%	+13.32%

SNAV vs. CSHP - Expense Ratio Comparison

SNAV has a 1.30% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

SNAV vs. CSHP - Dividend Comparison

SNAV has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.91%.

Position	TTM	2025	2024	2023
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%	0.00%
SNAV Mohr Sector Nav ETF	0.00%	0.00%	0.94%	3.29%

Frequently Asked Questions

Can I hold both SNAV and CSHP in my portfolio?

SNAV and CSHP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAV or CSHP?

SNAV has higher volatility (4.80%) compared to CSHP (0.16%). In terms of maximum drawdown, SNAV dropped -16.61% vs CSHP's -0.08%.

Which ETF is better, SNAV or CSHP?

On 1-year performance, SNAV leads with 20.56% vs 3.94% for CSHP. 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.

Which ETF has performed better, SNAV or CSHP?

Over the 1-year period, SNAV has performed better with a 20.56% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNAV or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.30% for SNAV.

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

CSHP has the higher dividend yield at 3.91%, compared with 0.00% for SNAV.

What is the main difference between SNAV and CSHP?

SNAV is categorized as Large Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Mohr Funds and iShares. Their fees differ too: 1.30% for SNAV and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.09 vs 1.82), 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.