SOFX vs. CSHP
SOFX (Defiance Daily Target 2X Long SOFI ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SOFX is a Leveraged Equities fund actively managed by Defiance, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, SOFX returned -61.88% vs 3.66% for CSHP. At a correlation of -0.02, they often move in opposite directions. SOFX charges 1.29%/yr vs 0.20%/yr for CSHP.
Performance
SOFX vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, SOFX achieves a -66.88% return, which is significantly lower than CSHP's 1.84% return.
SOFX
- 1D
- -6.27%
- 1M
- -7.38%
- 6M
- -66.87%
- YTD
- -66.88%
- 1Y
- -61.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.32%
- 1M
- 0.11%
- 6M
- 1.73%
- YTD
- 1.84%
- 1Y
- 3.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOFX vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOFX Defiance Daily Target 2X Long SOFI ETF | -66.88% | 54.87% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.84% | 3.91% |
Correlation
The correlation between SOFX and CSHP is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | -0.02 |
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Return for Risk
SOFX vs. CSHP — Risk / Return Rank
SOFX
CSHP
SOFX vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOFI ETF (SOFX) 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.
| SOFX | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.14 | ||
| Sortino ratioReturn per unit of downside risk | -8.17 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 3.37 | -2.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 11.37 | -12.11 |
| Martin ratioReturn relative to average drawdown | -1.14 | 118.25 | -119.39 |
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Drawdowns
SOFX vs. CSHP - Drawdown Comparison
The maximum SOFX drawdown since its inception was -83.23%, which is greater than CSHP's maximum drawdown of -0.32%. Use the drawdown chart below to compare losses from any high point for SOFX and CSHP.
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Drawdown Indicators
| SOFX | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -0.32% | -82.91% |
Max Drawdown (1Y)Largest decline over 1 year | -83.23% | -0.32% | -82.91% |
Current DrawdownCurrent decline from peak | -79.93% | -0.32% | -79.61% |
Average DrawdownAverage peak-to-trough decline | -45.05% | -0.01% | -45.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.35% | 0.03% | +54.32% |
Volatility
SOFX vs. CSHP - Volatility Comparison
Defiance Daily Target 2X Long SOFI ETF (SOFX) has a higher volatility of 25.93% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.58%. This indicates that SOFX'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
| SOFX | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.93% | 0.58% | +25.35% |
Volatility (6M)Calculated over the trailing 6-month period | 76.62% | 0.62% | +76.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.96% | 0.66% | +110.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.50% | 0.57% | +119.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.50% | 0.57% | +119.93% |
SOFX vs. CSHP - Expense Ratio Comparison
SOFX has a 1.29% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
SOFX vs. CSHP - Dividend Comparison
SOFX's dividend yield for the trailing twelve months is around 38.24%, more than CSHP's 4.02% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.02% | 5.39% | 1.96% |
SOFX Defiance Daily Target 2X Long SOFI ETF | 38.24% | 12.67% | 0.00% |
Frequently Asked Questions
SOFX and CSHP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOFX has higher volatility (25.93%) compared to CSHP (0.58%). In terms of maximum drawdown, SOFX dropped -83.23% vs CSHP's -0.32%.
On 1-year performance, CSHP leads with 3.66% vs -61.88% for SOFX. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSHP has performed better with a 3.66% return vs -61.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 1.29% for SOFX.
SOFX has the higher dividend yield at 38.24%, compared with 4.02% for CSHP.
SOFX is categorized as Leveraged Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Defiance and iShares. Their fees differ too: 1.29% for SOFX and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (5.58 vs -0.56), 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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