SXQG vs. CSHP
SXQG (ETC 6 Meridian Quality Growth ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - SXQG is a Large Cap Growth Equities fund actively managed by Meridian, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, SXQG returned -1.59% vs 3.94% for CSHP. At a 0.05 correlation, their price movements are largely independent. SXQG charges 1.00%/yr vs 0.20%/yr for CSHP.
Performance
SXQG vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, SXQG achieves a -6.02% return, which is significantly lower than CSHP's 1.83% return.
SXQG
- 1D
- -0.19%
- 1M
- -3.46%
- YTD
- -6.02%
- 6M
- -6.98%
- 1Y
- -1.59%
- 3Y*
- 9.26%
- 5Y*
- 4.23%
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SXQG vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SXQG ETC 6 Meridian Quality Growth ETF | -6.02% | 4.43% | 5.03% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between SXQG 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 Jul 18, 2024 | 0.05 |
The correlation between SXQG and CSHP shifts across timeframes, from -0.07 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXQG vs. CSHP — Risk / Return Rank
SXQG
CSHP
SXQG vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC 6 Meridian Quality Growth ETF (SXQG) 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.
| SXQG | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.22 | ||
| Sortino ratioReturn per unit of downside risk | -27.71 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 6.46 | -5.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 65.45 | -65.56 |
| Martin ratioReturn relative to average drawdown | -0.31 | 381.67 | -381.98 |
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Drawdowns
SXQG vs. CSHP - Drawdown Comparison
The maximum SXQG drawdown since its inception was -33.97%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SXQG and CSHP.
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Drawdown Indicators
| SXQG | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -0.08% | -33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -0.06% | -13.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.97% | — | — |
Current DrawdownCurrent decline from peak | -8.77% | -0.04% | -8.73% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -0.00% | -10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 0.01% | +5.11% |
Volatility
SXQG vs. CSHP - Volatility Comparison
ETC 6 Meridian Quality Growth ETF (SXQG) has a higher volatility of 3.97% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that SXQG'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
| SXQG | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 0.16% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 0.27% | +9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 0.36% | +11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 0.41% | +17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 0.41% | +17.52% |
SXQG vs. CSHP - Expense Ratio Comparison
SXQG has a 1.00% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
SXQG vs. CSHP - Dividend Comparison
SXQG's dividend yield for the trailing twelve months is around 0.07%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% |
SXQG ETC 6 Meridian Quality Growth ETF | 0.07% | 0.15% | 0.00% | 0.02% | 0.09% | 0.00% |
Frequently Asked Questions
SXQG 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.
SXQG has higher volatility (3.97%) compared to CSHP (0.16%). In terms of maximum drawdown, SXQG dropped -33.97% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -1.59% for SXQG. 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.
Over the 1-year period, CSHP has performed better with a 3.94% return vs -1.59%. 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 1.00% for SXQG.
CSHP has the higher dividend yield at 3.91%, compared with 0.07% for SXQG.
SXQG is categorized as Large Cap Growth Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Meridian and iShares. Their fees differ too: 1.00% for SXQG and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.14), 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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