XFLX vs. CSHP

Last updated Aug 2, 2026

XFLX (FundX Flexible ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - XFLX is a Multisector Bonds fund actively managed by FundX, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, XFLX returned 3.13% vs 4.04% for CSHP. Their -0.02 correlation means they have often moved in opposite directions in the past. XFLX charges 1.17%/yr vs 0.20%/yr for CSHP.

Performance

XFLX vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FundX Flexible ETF (XFLX) 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, XFLX achieves a 1.07% return, which is significantly lower than CSHP's 2.38% return.

XFLX

• 1D: 0.01%
• 1M: -0.31%
• 6M: 0.47%
• YTD: 1.07%
• 1Y: 3.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.12%

CSHP

• 1D: -0.27%
• 1M: 0.35%
• 6M: 2.06%
• YTD: 2.38%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSHP iShares Enhanced Short-Term Bond Active ETF	$14.53M	$7.29M	$2.60M
XFLX FundX Flexible ETF	$11.06K	$45.42K	$99.06K

XFLX vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XFLX FundX Flexible ETF	1.07%	2.56%	0.94%
CSHP iShares Enhanced Short-Term Bond Active ETF	2.38%	4.10%	2.24%

Correlation

The correlation between XFLX and CSHP is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.04
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	-0.02

Return for Risk

XFLX vs. CSHP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XFLX

XFLX Risk / Return Rank: 36
XFLX Sharpe Ratio Rank: 37
XFLX Sortino Ratio Rank: 36
XFLX Omega Ratio Rank: 36
XFLX Calmar Ratio Rank: 32
XFLX Martin Ratio Rank: 40

CSHP

CSHP Risk / Return Rank: 98
CSHP Sharpe Ratio Rank: 97
CSHP Sortino Ratio Rank: 98
CSHP Omega Ratio Rank: 99
CSHP Calmar Ratio Rank: 98
CSHP Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XFLX vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FundX Flexible ETF (XFLX) 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.

	XFLX	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	0.93	3.53	-2.60
Sortino ratio: Return per unit of downside risk	1.36	6.34	-4.98
Omega ratio: Gain probability vs. loss probability	1.17	2.68	-1.51
Calmar ratio: Return relative to maximum drawdown	1.09	10.40	-9.31
Martin ratio: Return relative to average drawdown	4.38	65.72	-61.33

XFLX vs. CSHP - Sharpe Ratio Comparison

The current XFLX Sharpe Ratio is 0.93, which is lower than the CSHP Sharpe Ratio of 3.53. The chart below compares the historical Sharpe Ratios of XFLX 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

XFLX vs. CSHP - Drawdown Comparison

The maximum XFLX drawdown since its inception was -6.54%, which is greater than CSHP's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for XFLX and CSHP.

Drawdown Indicators

	XFLX	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-6.54%	-0.39%	-6.15%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-0.39%	-2.72%
Current Drawdown Current decline from peak	-0.53%	-0.27%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.91%	-0.01%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.06%	+0.72%

Volatility

XFLX vs. CSHP - Volatility Comparison

The current volatility for FundX Flexible ETF (XFLX) is 0.72%, while iShares Enhanced Short-Term Bond Active ETF (CSHP) has a volatility of 1.10%. This indicates that XFLX experiences smaller price fluctuations and is considered to be less risky than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFLX	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	1.10%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	1.12%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	1.14%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.62%	0.86%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.62%	0.86%	+3.76%

XFLX vs. CSHP - Expense Ratio Comparison

XFLX has a 1.17% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

XFLX vs. CSHP - Dividend Comparison

XFLX's dividend yield for the trailing twelve months is around 9.69%, more than CSHP's 4.00% yield.

Position	TTM	2025	2024	2023
CSHP iShares Enhanced Short-Term Bond Active ETF	3.89%	5.39%	1.96%	0.00%
XFLX FundX Flexible ETF	9.69%	9.80%	4.55%	4.05%

Frequently Asked Questions

Can I hold both XFLX and CSHP in my portfolio?

XFLX 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 is riskier, XFLX or CSHP?

CSHP has higher volatility (1.10%) compared to XFLX (0.72%). In terms of maximum drawdown, XFLX dropped -6.54% vs CSHP's -0.39%.

Which ETF is better, XFLX or CSHP?

On 1-year performance, CSHP leads with 4.04% vs 3.13% for XFLX. On fees, CSHP is cheaper at 0.20% per year. On volatility, XFLX has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XFLX or CSHP?

Over the 1-year period, CSHP has performed better with a 4.04% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XFLX or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.17% for XFLX.

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

XFLX has the higher dividend yield at 9.69%, compared with 3.89% for CSHP.

What is the main difference between XFLX and CSHP?

XFLX is categorized as Multisector Bonds, while CSHP is Ultrashort Bond. They also come from different issuers: FundX and iShares. Their fees differ too: 1.17% for XFLX and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (3.53 vs 0.93), 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.