TDTF vs. CSHP
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS, while CSHP is a Ultrashort Bond fund actively managed by iShares. TDTF is passively managed, while CSHP is actively managed. Over the past year, TDTF returned 5.07% vs 3.96% for CSHP. At a correlation of -0.16, they often move in opposite directions. TDTF charges 0.18%/yr vs 0.20%/yr for CSHP.
Performance
TDTF vs. CSHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDTF achieves a 1.52% return, which is significantly lower than CSHP's 1.63% return.
TDTF
- 1D
- -0.13%
- 1M
- -0.44%
- YTD
- 1.52%
- 6M
- 1.18%
- 1Y
- 5.07%
- 3Y*
- 4.56%
- 5Y*
- 1.72%
- 10Y*
- 2.93%
CSHP
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.63%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTF vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 0.10% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.63% | 4.10% | 2.24% |
Correlation
The correlation between TDTF and CSHP is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024 | -0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDTF vs. CSHP — Risk / Return Rank
TDTF
CSHP
TDTF vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) 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.
| TDTF | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.24 | ||
| Sortino ratioReturn per unit of downside risk | -28.71 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 7.44 | -6.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 65.71 | -62.49 |
| Martin ratioReturn relative to average drawdown | 10.66 | 432.16 | -421.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TDTF | CSHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 11.91 | -10.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 10.75 | -10.28 |
Drawdowns
TDTF vs. CSHP - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for TDTF and CSHP.
Loading charts...
Drawdown Indicators
| TDTF | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -0.08% | -11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -0.06% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | 0.00% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -0.00% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.01% | +0.47% |
Volatility
TDTF vs. CSHP - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has a higher volatility of 0.73% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that TDTF'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.
Loading charts...
Volatility by Period
| TDTF | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.07% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 0.24% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 0.33% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 0.40% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 0.40% | +4.67% |
TDTF vs. CSHP - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is lower than CSHP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TDTF vs. CSHP - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, more than CSHP's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.92% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.71% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Frequently Asked Questions
TDTF and CSHP have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDTF has higher volatility (0.73%) compared to CSHP (0.07%). In terms of maximum drawdown, TDTF dropped -12.02% vs CSHP's -0.08%.
On 1-year performance, TDTF leads with 5.07% vs 3.96% for CSHP. On fees, TDTF is cheaper at 0.18% 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.
Over the 1-year period, TDTF has performed better with a 5.07% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF is cheaper with a 0.18% expense ratio, compared with 0.20% for CSHP.
TDTF has the higher dividend yield at 4.71%, compared with 3.92% for CSHP.
TDTF is categorized as Inflation-Protected Bonds, while CSHP is Ultrashort Bond. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.18% for TDTF and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.91 vs 1.67), 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.
Find the right allocation for TDTF and CSHP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer