UXI vs. CSHP
UXI (ProShares Ultra Industrials) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while CSHP is a Ultrashort Bond fund actively managed by iShares. UXI is passively managed, while CSHP is actively managed. Over the past year, UXI returned 45.13% vs 3.94% for CSHP. At a 0.05 correlation, their price movements are largely independent. UXI charges 0.95%/yr vs 0.20%/yr for CSHP.
Performance
UXI vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, UXI achieves a 27.75% return, which is significantly higher than CSHP's 1.83% return.
UXI
- 1D
- -3.58%
- 1M
- 7.77%
- YTD
- 27.75%
- 6M
- 24.69%
- 1Y
- 45.13%
- 3Y*
- 35.06%
- 5Y*
- 13.19%
- 10Y*
- 20.48%
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UXI vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UXI ProShares Ultra Industrials | 27.75% | 28.84% | 6.03% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between UXI 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 UXI and CSHP shifts across timeframes, from -0.10 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UXI vs. CSHP — Risk / Return Rank
UXI
CSHP
UXI vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) 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.
| UXI | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.69 | ||
| Sortino ratioReturn per unit of downside risk | -25.61 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 6.46 | -5.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 65.45 | -63.53 |
| Martin ratioReturn relative to average drawdown | 6.78 | 381.67 | -374.89 |
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Drawdowns
UXI vs. CSHP - Drawdown Comparison
The maximum UXI drawdown since its inception was -89.01%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for UXI and CSHP.
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Drawdown Indicators
| UXI | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.01% | -0.08% | -88.93% |
Max Drawdown (1Y)Largest decline over 1 year | -23.59% | -0.06% | -23.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | — | — |
Current DrawdownCurrent decline from peak | -3.58% | -0.04% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -22.56% | -0.00% | -22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 0.01% | +6.67% |
Volatility
UXI vs. CSHP - Volatility Comparison
ProShares Ultra Industrials (UXI) has a higher volatility of 12.23% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that UXI'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
| UXI | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 0.16% | +12.07% |
Volatility (6M)Calculated over the trailing 6-month period | 27.22% | 0.27% | +26.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.61% | 0.36% | +32.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.13% | 0.41% | +35.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.50% | 0.41% | +39.09% |
UXI vs. CSHP - Expense Ratio Comparison
UXI has a 0.95% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
UXI vs. CSHP - Dividend Comparison
UXI's dividend yield for the trailing twelve months is around 0.64%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UXI ProShares Ultra Industrials | 0.64% | 0.90% | 0.18% | 0.21% | 0.24% | 0.03% | 0.29% | 0.58% | 0.37% | 0.24% | 0.38% | 0.41% |
Frequently Asked Questions
UXI 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.
UXI has higher volatility (12.23%) compared to CSHP (0.16%). In terms of maximum drawdown, UXI dropped -89.01% vs CSHP's -0.08%.
On 1-year performance, UXI leads with 45.13% vs 3.94% for CSHP. 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, UXI has performed better with a 45.13% return vs 3.94%. 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 0.95% for UXI.
CSHP has the higher dividend yield at 3.91%, compared with 0.64% for UXI.
UXI is categorized as Leveraged Equities, while CSHP is Ultrashort Bond. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for UXI and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs 1.39), 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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