TSLR vs. CSHP
TSLR (GraniteShares 2x Long TSLA Daily ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - TSLR is a Leveraged Equities fund actively managed by GraniteShares, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, TSLR returned -11.40% vs 3.94% for CSHP. At a 0.05 correlation, their price movements are largely independent. TSLR charges 1.50%/yr vs 0.20%/yr for CSHP.
Performance
TSLR vs. CSHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSLR achieves a -36.63% return, which is significantly lower than CSHP's 1.83% return.
TSLR
- 1D
- -11.59%
- 1M
- -22.05%
- YTD
- -36.63%
- 6M
- -45.88%
- 1Y
- -11.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -36.63% | -25.97% | 104.20% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between TSLR and CSHP is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.05 |
The correlation between TSLR and CSHP shifts across timeframes, from -0.10 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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
TSLR vs. CSHP — Risk / Return Rank
TSLR
CSHP
TSLR vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) 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.
| TSLR | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.22 | ||
| Sortino ratioReturn per unit of downside risk | -27.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 6.46 | -5.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 65.45 | -65.66 |
| Martin ratioReturn relative to average drawdown | -0.42 | 381.67 | -382.09 |
Loading charts...
Drawdowns
TSLR vs. CSHP - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for TSLR and CSHP.
Loading charts...
Drawdown Indicators
| TSLR | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -0.08% | -82.72% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -0.06% | -54.31% |
Current DrawdownCurrent decline from peak | -67.57% | -0.04% | -67.53% |
Average DrawdownAverage peak-to-trough decline | -50.42% | -0.00% | -50.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.47% | 0.01% | +27.46% |
Volatility
TSLR vs. CSHP - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 29.06% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that TSLR'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
| TSLR | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.06% | 0.16% | +28.90% |
Volatility (6M)Calculated over the trailing 6-month period | 57.00% | 0.27% | +56.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.48% | 0.36% | +89.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.40% | 0.41% | +114.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.40% | 0.41% | +114.99% |
TSLR vs. CSHP - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
TSLR vs. CSHP - Dividend Comparison
TSLR has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLR and CSHP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLR has higher volatility (29.06%) compared to CSHP (0.16%). In terms of maximum drawdown, TSLR dropped -82.80% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -11.40% for TSLR. 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 -11.40%. 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 1.50% for TSLR.
CSHP has the higher dividend yield at 3.91%, compared with 0.00% for TSLR.
TSLR is categorized as Leveraged Equities, while CSHP is Ultrashort Bond. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for TSLR and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.13), 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 TSLR 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