TLDR vs. ICSH
TLDR (The Laddered T-Bill ETF) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both Ultrashort Bond funds. Both are actively managed. Their -0.01 correlation means they have often moved in opposite directions in the past. TLDR charges 0.20%/yr vs 0.08%/yr for ICSH.
Performance
TLDR vs. ICSH - Performance Comparison
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Returns By Period
TLDR
- 1D
- 0.02%
- 1M
- 0.33%
- 6M
- 1.76%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ICSH
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.65%
- YTD
- 2.00%
- 1Y
- 3.95%
- 3Y*
- 5.06%
- 5Y*
- 3.78%
- 10Y*
- 2.80%
- ALL TIME*
- 2.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.24M | $85.27M | $75.54M | |
| $4.55M | $2.20M | $886.93K |
TLDR vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLDR The Laddered T-Bill ETF | 1.82% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.84% |
Correlation
The correlation between TLDR and ICSH is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026 | -0.01 |
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Return for Risk
TLDR vs. ICSH — Risk / Return Rank
TLDR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICSH
TLDR vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) and iShares Ultra Short Duration Bond Active 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.
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.
| TLDR | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 5.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 41.60 | — |
| Martin ratioReturn relative to average drawdown | — | 224.79 | — |
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Drawdowns
TLDR vs. ICSH - Drawdown Comparison
The maximum TLDR drawdown since its inception was -0.06%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for TLDR and ICSH.
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Drawdown Indicators
| TLDR | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.06% | -3.94% | +3.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.08% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.02% | — |
Volatility
TLDR vs. ICSH - Volatility Comparison
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Volatility by Period
| TLDR | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 0.42% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 0.49% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 1.05% | -0.63% |
TLDR vs. ICSH - Expense Ratio Comparison
TLDR has a 0.20% expense ratio, which is higher than ICSH's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TLDR vs. ICSH - Dividend Comparison
TLDR's dividend yield for the trailing twelve months is around 1.76%, less than ICSH's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 3.87% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
TLDR The Laddered T-Bill ETF | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLDR and ICSH have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICSH is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICSH is cheaper with a 0.08% expense ratio, compared with 0.20% for TLDR.
ICSH has the higher dividend yield at 3.87%, compared with 1.76% for TLDR.
They also come from different issuers: REX Shares and iShares. Their fees differ too: 0.20% for TLDR and 0.08% for ICSH.
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