UDIV vs. CSHP
UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. UDIV is passively managed, while CSHP is actively managed. Over the past year, UDIV returned 28.77% vs 3.94% for CSHP. At a 0.04 correlation, their price movements are largely independent. UDIV charges 0.06%/yr vs 0.20%/yr for CSHP.
Performance
UDIV vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, UDIV achieves a 12.46% return, which is significantly higher than CSHP's 1.83% return.
UDIV
- 1D
- -1.34%
- 1M
- -0.74%
- YTD
- 12.46%
- 6M
- 11.52%
- 1Y
- 28.77%
- 3Y*
- 23.16%
- 5Y*
- 13.95%
- 10Y*
- 11.60%
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UDIV vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 12.46% | 19.00% | 5.90% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between UDIV and CSHP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.04 |
The correlation between UDIV and CSHP shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UDIV vs. CSHP — Risk / Return Rank
UDIV
CSHP
UDIV vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) 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.
| UDIV | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.79 | ||
| Sortino ratioReturn per unit of downside risk | -24.52 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 6.46 | -5.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 65.45 | -62.03 |
| Martin ratioReturn relative to average drawdown | 15.00 | 381.67 | -366.67 |
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Drawdowns
UDIV vs. CSHP - Drawdown Comparison
The maximum UDIV drawdown since its inception was -35.21%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for UDIV and CSHP.
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Drawdown Indicators
| UDIV | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -0.08% | -35.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -0.06% | -8.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -0.04% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -0.00% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.01% | +1.91% |
Volatility
UDIV vs. CSHP - Volatility Comparison
Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 4.96% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that UDIV'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
| UDIV | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 0.16% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 0.27% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 0.36% | +12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 0.41% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 0.41% | +15.89% |
UDIV vs. CSHP - Expense Ratio Comparison
UDIV has a 0.06% 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
UDIV vs. CSHP - Dividend Comparison
UDIV's dividend yield for the trailing twelve months is around 1.12%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 1.12% | 1.53% | 2.05% | 1.91% | 3.20% | 2.97% | 2.90% | 3.40% | 3.74% | 3.47% | 1.63% |
Frequently Asked Questions
UDIV and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UDIV has higher volatility (4.96%) compared to CSHP (0.16%). In terms of maximum drawdown, UDIV dropped -35.21% vs CSHP's -0.08%.
On 1-year performance, UDIV leads with 28.77% vs 3.94% for CSHP. On fees, UDIV is cheaper at 0.06% 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, UDIV has performed better with a 28.77% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UDIV is cheaper with a 0.06% expense ratio, compared with 0.20% for CSHP.
CSHP has the higher dividend yield at 3.91%, compared with 1.12% for UDIV.
UDIV is categorized as Dividend, while CSHP is Ultrashort Bond. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.06% for UDIV and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs 2.30), 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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