WDGF vs. CSHP

Last updated Jun 5, 2026

WDGF (WisdomTree Global Defense Fund) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - WDGF is a Aerospace & Defense fund tracking the WisdomTree Global Defense Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. WDGF is passively managed, while CSHP is actively managed. At a correlation of -0.04, they often move in opposite directions. WDGF charges 0.45%/yr vs 0.20%/yr for CSHP.

Performance

WDGF vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Defense Fund (WDGF) 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, WDGF achieves a 4.50% return, which is significantly higher than CSHP's 1.62% return.

WDGF

• 1D: 1.43%
• 1M: -2.34%
• YTD: 4.50%
• 6M: 8.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.02%
• 1M: 0.24%
• YTD: 1.62%
• 6M: 1.86%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDGF vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025
WDGF WisdomTree Global Defense Fund	4.50%	-0.25%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.62%	1.15%

Correlation

The correlation between WDGF and CSHP is -0.04, 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 (All Time) Calculated using the full available price history since Sep 15, 2025	-0.04

Return for Risk

WDGF vs. CSHP — Risk / Return Rank

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

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
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.

WDGF vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WDGF	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	11.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	10.70	-10.44

Drawdowns

WDGF vs. CSHP - Drawdown Comparison

The maximum WDGF drawdown since its inception was -14.36%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for WDGF and CSHP.

Drawdown Indicators

	WDGF	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-0.08%	-14.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.06%	—
Current Drawdown Current decline from peak	-11.53%	-0.02%	-11.51%
Average Drawdown Average peak-to-trough decline	-5.49%	-0.00%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	WDGF	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	0.33%	+22.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	0.40%	+22.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	0.40%	+22.01%

WDGF vs. CSHP - Expense Ratio Comparison

WDGF has a 0.45% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

WDGF vs. CSHP - Dividend Comparison

WDGF's dividend yield for the trailing twelve months is around 0.05%, less than CSHP's 3.92% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%
WDGF WisdomTree Global Defense Fund	0.05%	0.05%	0.00%

Frequently Asked Questions

Can I hold both WDGF and CSHP in my portfolio?

WDGF and CSHP have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDGF or CSHP?

On fees, CSHP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDGF or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.45% for WDGF.

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

CSHP has the higher dividend yield at 3.92%, compared with 0.05% for WDGF.

What is the main difference between WDGF and CSHP?

WDGF is categorized as Aerospace & Defense, while CSHP is Ultrashort Bond. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDGF and 0.20% for CSHP.