VONG vs. CSHP
VONG (Vanguard Russell 1000 Growth ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. VONG is passively managed, while CSHP is actively managed. Over the past year, VONG returned 21.21% vs 3.96% for CSHP. At a 0.01 correlation, their price movements are largely independent. VONG charges 0.06%/yr vs 0.20%/yr for CSHP.
Performance
VONG vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, VONG achieves a 3.18% return, which is significantly higher than CSHP's 1.86% return.
VONG
- 1D
- -1.24%
- 1M
- -2.46%
- YTD
- 3.18%
- 6M
- 2.49%
- 1Y
- 21.21%
- 3Y*
- 22.53%
- 5Y*
- 13.53%
- 10Y*
- 18.58%
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VONG vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VONG Vanguard Russell 1000 Growth ETF | 3.18% | 18.45% | 9.81% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between VONG and CSHP is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.01 |
The correlation between VONG and CSHP shifts across timeframes, from -0.13 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VONG vs. CSHP — Risk / Return Rank
VONG
CSHP
VONG vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) 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.
| VONG | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.90 | ||
| Sortino ratioReturn per unit of downside risk | -26.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 6.67 | -5.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 65.84 | -64.53 |
| Martin ratioReturn relative to average drawdown | 4.30 | 395.75 | -391.46 |
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Drawdowns
VONG vs. CSHP - Drawdown Comparison
The maximum VONG drawdown since its inception was -32.72%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for VONG and CSHP.
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Drawdown Indicators
| VONG | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.72% | -0.08% | -32.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -0.06% | -16.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.72% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -0.01% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -0.00% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 0.01% | +4.94% |
Volatility
VONG vs. CSHP - Volatility Comparison
Vanguard Russell 1000 Growth ETF (VONG) has a higher volatility of 5.86% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that VONG'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
| VONG | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 0.15% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.54% | 0.27% | +12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 0.36% | +15.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 0.41% | +21.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 0.41% | +20.53% |
VONG vs. CSHP - Expense Ratio Comparison
VONG 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
VONG vs. CSHP - Dividend Comparison
VONG's dividend yield for the trailing twelve months is around 0.46%, 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% |
VONG Vanguard Russell 1000 Growth ETF | 0.46% | 0.45% | 0.55% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% |
Frequently Asked Questions
VONG and CSHP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VONG has higher volatility (5.86%) compared to CSHP (0.15%). In terms of maximum drawdown, VONG dropped -32.72% vs CSHP's -0.08%.
On 1-year performance, VONG leads with 21.21% vs 3.96% for CSHP. On fees, VONG is cheaper at 0.06% per year. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VONG has performed better with a 21.21% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONG 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 0.46% for VONG.
VONG is categorized as Large Cap Growth Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VONG and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs 1.32), 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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