TBLU vs. CSHP
TBLU (Tortoise Global Water Fund) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. TBLU is passively managed, while CSHP is actively managed. Over the past year, TBLU returned -0.84% vs 3.94% for CSHP. At a correlation of -0.03, they often move in opposite directions. TBLU charges 0.40%/yr vs 0.20%/yr for CSHP.
Performance
TBLU vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, TBLU achieves a -0.84% return, which is significantly lower than CSHP's 1.83% return.
TBLU
- 1D
- -0.58%
- 1M
- 0.88%
- YTD
- -0.84%
- 6M
- -2.19%
- 1Y
- -0.84%
- 3Y*
- 9.69%
- 5Y*
- 4.24%
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBLU vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TBLU Tortoise Global Water Fund | -0.84% | 11.82% | -1.55% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between TBLU and CSHP is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.03 |
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Return for Risk
TBLU vs. CSHP — Risk / Return Rank
TBLU
CSHP
TBLU vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Global Water Fund (TBLU) 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.
| TBLU | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.15 | ||
| Sortino ratioReturn per unit of downside risk | -27.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 6.46 | -5.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 65.45 | -65.51 |
| Martin ratioReturn relative to average drawdown | -0.14 | 381.67 | -381.81 |
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Drawdowns
TBLU vs. CSHP - Drawdown Comparison
The maximum TBLU drawdown since its inception was -37.58%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for TBLU and CSHP.
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Drawdown Indicators
| TBLU | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -0.08% | -37.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -0.06% | -13.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | — | — |
Current DrawdownCurrent decline from peak | -10.61% | -0.04% | -10.57% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -0.00% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 0.01% | +5.97% |
Volatility
TBLU vs. CSHP - Volatility Comparison
Tortoise Global Water Fund (TBLU) has a higher volatility of 4.36% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that TBLU'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
| TBLU | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 0.16% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 0.27% | +11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 0.36% | +14.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 0.41% | +16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 0.41% | +18.54% |
TBLU vs. CSHP - Expense Ratio Comparison
TBLU has a 0.40% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
TBLU vs. CSHP - Dividend Comparison
TBLU's dividend yield for the trailing twelve months is around 3.33%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBLU Tortoise Global Water Fund | 3.33% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% |
Frequently Asked Questions
TBLU and CSHP have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBLU has higher volatility (4.36%) compared to CSHP (0.16%). In terms of maximum drawdown, TBLU dropped -37.58% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -0.84% for TBLU. 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 -0.84%. 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 0.40% for TBLU.
CSHP has the higher dividend yield at 3.91%, compared with 3.33% for TBLU.
TBLU is categorized as Water Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.40% for TBLU and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.06), 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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