TBLL vs. ICSH
Compare and contrast key facts about Invesco Short Term Treasury ETF (TBLL) and iShares Ultra Short-Term Bond ETF (ICSH).
TBLL and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBLL is a passively managed fund by Invesco that tracks the performance of the ICE U.S. Treasury Short Bond Index. It was launched on Jan 10, 2017. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBLL or ICSH.
Key characteristics
| TBLL | ICSH | |
|---|---|---|
| YTD Return | 3.78% | 4.23% |
| 1Y Return | 5.47% | 6.18% |
| 3Y Return (Ann) | 3.29% | 3.55% |
| 5Y Return (Ann) | 2.26% | 2.64% |
| Sharpe Ratio | 6.77 | 14.30 |
| Daily Std Dev | 0.81% | 0.44% |
| Max Drawdown | -0.61% | -3.94% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between TBLL and ICSH is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TBLL vs. ICSH - Performance Comparison
In the year-to-date period, TBLL achieves a 3.78% return, which is significantly lower than ICSH's 4.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TBLL vs. ICSH - Expense Ratio Comparison
Both TBLL and ICSH have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBLL vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) and iShares Ultra Short-Term Bond ETF (ICSH). 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.
Dividends
TBLL vs. ICSH - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 4.73%, less than ICSH's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 4.73% | 4.63% | 1.37% | 0.05% | 0.80% | 2.24% | 1.69% | 0.71% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short-Term Bond ETF | 5.25% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
Drawdowns
TBLL vs. ICSH - Drawdown Comparison
The maximum TBLL drawdown since its inception was -0.61%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for TBLL and ICSH. For additional features, visit the drawdowns tool.
Volatility
TBLL vs. ICSH - Volatility Comparison
The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.08%, while iShares Ultra Short-Term Bond ETF (ICSH) has a volatility of 0.12%. This indicates that TBLL experiences smaller price fluctuations and is considered to be less risky than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.