SOLZ vs. CSHP

Last updated Jun 4, 2026

SOLZ (Solana ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SOLZ is a Cryptocurrency fund actively managed by Volatility Shares, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, SOLZ returned -59.43% vs 3.96% for CSHP. At a correlation of -0.03, they often move in opposite directions. SOLZ charges 0.95%/yr vs 0.20%/yr for CSHP.

Performance

SOLZ vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) 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, SOLZ achieves a -42.90% return, which is significantly lower than CSHP's 1.63% return.

SOLZ

• 1D: -4.69%
• 1M: -15.18%
• YTD: -42.90%
• 6M: -50.08%
• 1Y: -59.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-42.90%	-12.47%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	3.23%

Correlation

The correlation between SOLZ 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 Mar 21, 2025	-0.03

Return for Risk

SOLZ vs. CSHP — Risk / Return Rank

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

SOLZ

SOLZ Risk / Return Rank: 2
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 2
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 2
SOLZ Martin Ratio Rank: 3

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
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.

SOLZ vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) 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.

	SOLZ	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	11.91	-12.71
Sortino ratio: Return per unit of downside risk	-1.18	31.26	-32.44
Omega ratio: Gain probability vs. loss probability	0.87	7.44	-6.57
Calmar ratio: Return relative to maximum drawdown	-0.82	65.71	-66.53
Martin ratio: Return relative to average drawdown	-1.29	432.16	-433.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLZ vs. CSHP - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.81, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of SOLZ 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.

Sharpe Ratios by Period

	SOLZ	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	11.91	-12.71
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	10.75	-11.33

Drawdowns

SOLZ vs. CSHP - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -72.41%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SOLZ and CSHP.

Drawdown Indicators

	SOLZ	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-72.41%	-0.08%	-72.33%
Max Drawdown (1Y) Largest decline over 1 year	-72.41%	-0.06%	-72.35%
Current Drawdown Current decline from peak	-72.41%	0.00%	-72.41%
Average Drawdown Average peak-to-trough decline	-34.11%	-0.00%	-34.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.03%	0.01%	+46.02%

Volatility

SOLZ vs. CSHP - Volatility Comparison

Solana ETF (SOLZ) has a higher volatility of 16.15% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that SOLZ'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

	SOLZ	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	0.07%	+16.08%
Volatility (6M) Calculated over the trailing 6-month period	50.76%	0.24%	+50.52%
Volatility (1Y) Calculated over the trailing 1-year period	74.02%	0.33%	+73.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.07%	0.40%	+75.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.07%	0.40%	+75.67%

SOLZ vs. CSHP - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

SOLZ vs. CSHP - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.92%, which matches CSHP's 3.92% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%
SOLZ Solana ETF	3.92%	1.75%	0.00%

Frequently Asked Questions

Can I hold both SOLZ and CSHP in my portfolio?

SOLZ 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.

Which is riskier, SOLZ or CSHP?

SOLZ has higher volatility (16.15%) compared to CSHP (0.07%). In terms of maximum drawdown, SOLZ dropped -72.41% vs CSHP's -0.08%.

Which ETF is better, SOLZ or CSHP?

On 1-year performance, CSHP leads with 3.96% vs -59.43% for SOLZ. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLZ or CSHP?

Over the 1-year period, CSHP has performed better with a 3.96% return vs -59.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLZ or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.95% for SOLZ.

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

SOLZ and CSHP have nearly identical dividend yields, around 3.92%.

What is the main difference between SOLZ and CSHP?

SOLZ is categorized as Cryptocurrency, while CSHP is Ultrashort Bond. They also come from different issuers: Volatility Shares and iShares. Their fees differ too: 0.95% for SOLZ and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs -0.81), 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.