YEAR vs. CSHP

Last updated Apr 2, 2026

Compare and contrast key facts about AB Ultra Short Income ETF (YEAR) and iShares Enhanced Short-Term Bond Active ETF (CSHP).

YEAR and CSHP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YEAR is an actively managed fund by AllianceBernstein. It was launched on Sep 13, 2022. CSHP is an actively managed fund by iShares. It was launched on Jul 17, 2024.

Performance

YEAR vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Ultra Short Income ETF (YEAR) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

YEAR vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YEAR AB Ultra Short Income ETF	0.63%	4.69%	2.31%
CSHP iShares Enhanced Short-Term Bond Active ETF	0.99%	4.10%	2.24%

Returns By Period

In the year-to-date period, YEAR achieves a 0.63% return, which is significantly lower than CSHP's 0.99% return.

YEAR

• 1D: -0.03%
• 1M: 0.02%
• YTD: 0.63%
• 6M: 1.57%
• 1Y: 3.94%
• 3Y*: 5.12%
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.01%
• 1M: 0.43%
• YTD: 0.99%
• 6M: 1.99%
• 1Y: 4.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YEAR vs. CSHP - Expense Ratio Comparison

YEAR has a 0.25% expense ratio, which is higher than CSHP's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

YEAR

AB Ultra Short Income ETF

CSHP

iShares Enhanced Short-Term Bond Active ETF

Return for Risk

YEAR vs. CSHP — Risk / Return Rank

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

YEAR

YEAR Risk / Return Rank: 99
YEAR Sharpe Ratio Rank: 99
YEAR Sortino Ratio Rank: 99
YEAR Omega Ratio Rank: 99
YEAR Calmar Ratio Rank: 99
YEAR Martin Ratio Rank: 99

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.

YEAR vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) 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.

	YEAR	CSHP	Difference
Sharpe ratio Return per unit of total volatility	4.58	10.93	-6.35
Sortino ratio Return per unit of downside risk	8.46	27.43	-18.97
Omega ratio Gain probability vs. loss probability	2.11	6.43	-4.32
Calmar ratio Return relative to maximum drawdown	13.65	58.81	-45.16
Martin ratio Return relative to average drawdown	62.07	349.74	-287.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YEAR vs. CSHP - Sharpe Ratio Comparison

The current YEAR Sharpe Ratio is 4.58, which is lower than the CSHP Sharpe Ratio of 10.93. The chart below compares the historical Sharpe Ratios of YEAR and CSHP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YEAR	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.58	10.93	-6.35
Sharpe Ratio (All Time) Calculated using the full available price history	4.29	10.60	-6.31

Correlation

The correlation between YEAR and CSHP is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

YEAR vs. CSHP - Dividend Comparison

YEAR's dividend yield for the trailing twelve months is around 4.22%, less than CSHP's 5.11% yield.

	TTM	2025	2024	2023	2022
YEAR AB Ultra Short Income ETF	4.22%	4.33%	5.16%	5.00%	1.19%
CSHP iShares Enhanced Short-Term Bond Active ETF	5.11%	5.39%	1.96%	0.00%	0.00%

Drawdowns

YEAR vs. CSHP - Drawdown Comparison

The maximum YEAR drawdown since its inception was -0.61%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for YEAR and CSHP.

Drawdown Indicators

	YEAR	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-0.08%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	-0.07%	-0.23%
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.06%	0.00%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.01%	+0.06%

Volatility

YEAR vs. CSHP - Volatility Comparison

AB Ultra Short Income ETF (YEAR) has a higher volatility of 0.25% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that YEAR'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

	YEAR	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.25%	0.15%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	0.50%	0.26%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	0.87%	0.38%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.17%	0.41%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.17%	0.41%	+0.76%