TSLT vs. CSHP

Last updated Jun 24, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - TSLT is a Leveraged Equities fund actively managed by T-Rex, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, TSLT returned -15.30% vs 3.94% for CSHP. At a 0.05 correlation, their price movements are largely independent. TSLT charges 1.05%/yr vs 0.20%/yr for CSHP.

Performance

TSLT vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Tesla Daily Target ETF (TSLT) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLT achieves a -38.04% return, which is significantly lower than CSHP's 1.83% return.

TSLT

• 1D: -11.45%
• 1M: -22.15%
• YTD: -38.04%
• 6M: -47.16%
• 1Y: -15.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.03%
• 1M: 0.27%
• YTD: 1.83%
• 6M: 1.92%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLT vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLT T-Rex 2X Long Tesla Daily Target ETF	-38.04%	-29.49%	97.09%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.83%	4.10%	2.24%

Correlation

The correlation between TSLT 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 TSLT and CSHP shifts across timeframes, from -0.10 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TSLT vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLT

TSLT Risk / Return Rank: 8
TSLT Sharpe Ratio Rank: 7
TSLT Sortino Ratio Rank: 10
TSLT Omega Ratio Rank: 10
TSLT Calmar Ratio Rank: 6
TSLT Martin Ratio Rank: 6

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLT vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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.

	TSLT	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	11.09	-11.26
Sortino ratio: Return per unit of downside risk	0.35	27.60	-27.24
Omega ratio: Gain probability vs. loss probability	1.04	6.46	-5.42
Calmar ratio: Return relative to maximum drawdown	-0.28	65.45	-65.73
Martin ratio: Return relative to average drawdown	-0.55	381.67	-382.23

TSLT vs. CSHP - Sharpe Ratio Comparison

The current TSLT Sharpe Ratio is -0.18, which is lower than the CSHP Sharpe Ratio of 11.09. The chart below compares the historical Sharpe Ratios of TSLT and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLT vs. CSHP - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for TSLT and CSHP.

Drawdown Indicators

	TSLT	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-0.08%	-83.08%
Max Drawdown (1Y) Largest decline over 1 year	-55.08%	-0.06%	-55.02%
Current Drawdown Current decline from peak	-69.90%	-0.04%	-69.86%
Average Drawdown Average peak-to-trough decline	-50.62%	-0.00%	-50.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.13%	0.01%	+28.12%

Volatility

TSLT vs. CSHP - Volatility Comparison

T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 28.45% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that TSLT'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.

Volatility by Period

	TSLT	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.45%	0.16%	+28.29%
Volatility (6M) Calculated over the trailing 6-month period	56.51%	0.27%	+56.24%
Volatility (1Y) Calculated over the trailing 1-year period	88.95%	0.36%	+88.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.87%	0.41%	+116.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.87%	0.41%	+116.46%

TSLT vs. CSHP - Expense Ratio Comparison

TSLT has a 1.05% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

TSLT vs. CSHP - Dividend Comparison

TSLT 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%
TSLT T-Rex 2X Long Tesla Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLT and CSHP in my portfolio?

TSLT 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.

Which is riskier, TSLT or CSHP?

TSLT has higher volatility (28.45%) compared to CSHP (0.16%). In terms of maximum drawdown, TSLT dropped -83.16% vs CSHP's -0.08%.

Which ETF is better, TSLT or CSHP?

On 1-year performance, CSHP leads with 3.94% vs -15.30% for TSLT. 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.

Which ETF has performed better, TSLT or CSHP?

Over the 1-year period, CSHP has performed better with a 3.94% return vs -15.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLT or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.05% for TSLT.

Which ETF pays a higher dividend yield, TSLT or CSHP?

CSHP has the higher dividend yield at 3.91%, compared with 0.00% for TSLT.

What is the main difference between TSLT and CSHP?

TSLT is categorized as Leveraged Equities, while CSHP is Ultrashort Bond. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.05% for TSLT and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.09 vs -0.18), 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.