WRND vs. CSHP

Last updated Jun 24, 2026

WRND (IQ Global Equity R&D Leaders ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - WRND is a Global Equities fund tracking the IQ Global Equity R&D Leaders Index - Benchmark TR Net, while CSHP is a Ultrashort Bond fund actively managed by iShares. WRND is passively managed, while CSHP is actively managed. Over the past year, WRND returned 32.11% vs 3.94% for CSHP. At a 0.02 correlation, their price movements are largely independent. WRND charges 0.18%/yr vs 0.20%/yr for CSHP.

Performance

WRND vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ Global Equity R&D Leaders ETF (WRND) 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, WRND achieves a 11.07% return, which is significantly higher than CSHP's 1.83% return.

WRND

• 1D: -2.64%
• 1M: -2.43%
• YTD: 11.07%
• 6M: 10.80%
• 1Y: 32.11%
• 3Y*: 20.31%
• 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)

WRND vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WRND IQ Global Equity R&D Leaders ETF	11.07%	27.72%	-1.39%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.83%	4.10%	2.24%

Correlation

The correlation between WRND 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	0.02

The correlation between WRND and CSHP shifts across timeframes, from -0.09 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WRND vs. CSHP — Risk / Return Rank

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

WRND

WRND Risk / Return Rank: 57
WRND Sharpe Ratio Rank: 58
WRND Sortino Ratio Rank: 56
WRND Omega Ratio Rank: 53
WRND Calmar Ratio Rank: 57
WRND Martin Ratio Rank: 64

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.

WRND vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) 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.

	WRND	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	1.79	11.09	-9.30
Sortino ratio: Return per unit of downside risk	2.44	27.60	-25.15
Omega ratio: Gain probability vs. loss probability	1.31	6.46	-5.15
Calmar ratio: Return relative to maximum drawdown	2.59	65.45	-62.85
Martin ratio: Return relative to average drawdown	10.58	381.67	-371.09

WRND vs. CSHP - Sharpe Ratio Comparison

The current WRND Sharpe Ratio is 1.79, which is lower than the CSHP Sharpe Ratio of 11.09. The chart below compares the historical Sharpe Ratios of WRND 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

WRND vs. CSHP - Drawdown Comparison

The maximum WRND drawdown since its inception was -27.16%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for WRND and CSHP.

Drawdown Indicators

	WRND	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-0.08%	-27.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-0.06%	-12.37%
Max Drawdown (3Y) Largest decline over 3 years	-18.41%	—	—
Current Drawdown Current decline from peak	-5.09%	-0.04%	-5.05%
Average Drawdown Average peak-to-trough decline	-5.94%	-0.00%	-5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	0.01%	+3.03%

Volatility

WRND vs. CSHP - Volatility Comparison

IQ Global Equity R&D Leaders ETF (WRND) has a higher volatility of 7.45% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that WRND'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

	WRND	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	0.16%	+7.29%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	0.27%	+14.62%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	0.36%	+17.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	0.41%	+18.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	0.41%	+18.57%

WRND vs. CSHP - Expense Ratio Comparison

WRND has a 0.18% 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

WRND vs. CSHP - Dividend Comparison

WRND's dividend yield for the trailing twelve months is around 1.03%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024	2023	2022
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%	0.00%	0.00%
WRND IQ Global Equity R&D Leaders ETF	1.03%	1.29%	1.15%	2.06%	2.06%

Frequently Asked Questions

Can I hold both WRND and CSHP in my portfolio?

WRND 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.

Which is riskier, WRND or CSHP?

WRND has higher volatility (7.45%) compared to CSHP (0.16%). In terms of maximum drawdown, WRND dropped -27.16% vs CSHP's -0.08%.

Which ETF is better, WRND or CSHP?

On 1-year performance, WRND leads with 32.11% vs 3.94% for CSHP. On fees, WRND is cheaper at 0.18% 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, WRND or CSHP?

Over the 1-year period, WRND has performed better with a 32.11% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WRND or CSHP?

WRND is cheaper with a 0.18% expense ratio, compared with 0.20% for CSHP.

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

CSHP has the higher dividend yield at 3.91%, compared with 1.03% for WRND.

What is the main difference between WRND and CSHP?

WRND is categorized as Global Equities, while CSHP is Ultrashort Bond. They also come from different issuers: IndexIQ and iShares. Their fees differ too: 0.18% for WRND and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.09 vs 1.79), 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.