YETH vs. CSHP

Last updated Jun 4, 2026

YETH (Roundhill Ether Covered Call Strategy ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, YETH returned -30.02% vs 3.96% for CSHP. At a 0.01 correlation, their price movements are largely independent. YETH charges 0.95%/yr vs 0.20%/yr for CSHP.

Performance

YETH vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ether Covered Call Strategy ETF (YETH) 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, YETH achieves a -32.96% return, which is significantly lower than CSHP's 1.63% return.

YETH

• 1D: -5.65%
• 1M: -21.15%
• YTD: -32.96%
• 6M: -31.91%
• 1Y: -30.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YETH vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YETH Roundhill Ether Covered Call Strategy ETF	-32.96%	-32.10%	24.84%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	1.52%

Correlation

The correlation between YETH and CSHP is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.01

Return for Risk

YETH vs. CSHP — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 4
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 4

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.

YETH vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) 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.

	YETH	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	11.91	-12.44
Sortino ratio: Return per unit of downside risk	-0.47	31.26	-31.72
Omega ratio: Gain probability vs. loss probability	0.94	7.44	-6.49
Calmar ratio: Return relative to maximum drawdown	-0.54	65.71	-66.25
Martin ratio: Return relative to average drawdown	-0.97	432.16	-433.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YETH vs. CSHP - Sharpe Ratio Comparison

The current YETH Sharpe Ratio is -0.53, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of YETH 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.

Sharpe Ratios by Period

	YETH	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	11.91	-12.44
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	10.75	-11.25

Drawdowns

YETH vs. CSHP - Drawdown Comparison

The maximum YETH drawdown since its inception was -61.73%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for YETH and CSHP.

Drawdown Indicators

	YETH	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-61.73%	-0.08%	-61.65%
Max Drawdown (1Y) Largest decline over 1 year	-55.63%	-0.06%	-55.57%
Current Drawdown Current decline from peak	-59.04%	0.00%	-59.04%
Average Drawdown Average peak-to-trough decline	-30.92%	-0.00%	-30.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.92%	0.01%	+30.91%

Volatility

YETH vs. CSHP - Volatility Comparison

Roundhill Ether Covered Call Strategy ETF (YETH) has a higher volatility of 9.54% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that YETH'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

	YETH	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.54%	0.07%	+9.47%
Volatility (6M) Calculated over the trailing 6-month period	38.84%	0.24%	+38.60%
Volatility (1Y) Calculated over the trailing 1-year period	57.08%	0.33%	+56.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.42%	0.40%	+55.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.42%	0.40%	+55.02%

YETH vs. CSHP - Expense Ratio Comparison

YETH has a 0.95% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

YETH vs. CSHP - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 142.11%, more than CSHP's 3.92% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%
YETH Roundhill Ether Covered Call Strategy ETF	142.11%	109.12%	20.52%

Frequently Asked Questions

Can I hold both YETH and CSHP in my portfolio?

YETH and CSHP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YETH or CSHP?

YETH has higher volatility (9.54%) compared to CSHP (0.07%). In terms of maximum drawdown, YETH dropped -61.73% vs CSHP's -0.08%.

Which ETF is better, YETH or CSHP?

On 1-year performance, CSHP leads with 3.96% vs -30.02% for YETH. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YETH or CSHP?

Over the 1-year period, CSHP has performed better with a 3.96% return vs -30.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YETH or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.95% for YETH.

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

YETH has the higher dividend yield at 142.11%, compared with 3.92% for CSHP.

What is the main difference between YETH and CSHP?

YETH is categorized as Derivative Income, while CSHP is Ultrashort Bond. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.95% for YETH and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs -0.53), 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.