YGLD vs. CSHP

Last updated Jun 23, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - YGLD is a Gold fund actively managed by Simplify, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, YGLD returned 14.92% vs 3.96% for CSHP. At a correlation of -0.01, they often move in opposite directions. YGLD charges 0.50%/yr vs 0.20%/yr for CSHP.

Performance

YGLD vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) 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, YGLD achieves a -14.78% return, which is significantly lower than CSHP's 1.86% return.

YGLD

• 1D: -0.63%
• 1M: -10.34%
• YTD: -14.78%
• 6M: -20.66%
• 1Y: 14.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.01%
• 1M: 0.30%
• YTD: 1.86%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YGLD vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-14.78%	96.82%	-4.26%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.86%	4.10%	0.35%

Correlation

The correlation between YGLD and CSHP is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	-0.01

Return for Risk

YGLD vs. CSHP — Risk / Return Rank

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

YGLD

YGLD Risk / Return Rank: 14
YGLD Sharpe Ratio Rank: 13
YGLD Sortino Ratio Rank: 14
YGLD Omega Ratio Rank: 16
YGLD Calmar Ratio Rank: 12
YGLD Martin Ratio Rank: 12

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.

YGLD vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) 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.

	YGLD	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	0.36	11.22	-10.86
Sortino ratio: Return per unit of downside risk	0.73	28.31	-27.58
Omega ratio: Gain probability vs. loss probability	1.10	6.67	-5.57
Calmar ratio: Return relative to maximum drawdown	0.37	65.84	-65.48
Martin ratio: Return relative to average drawdown	0.89	395.75	-394.87

YGLD vs. CSHP - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.36, which is lower than the CSHP Sharpe Ratio of 11.22. The chart below compares the historical Sharpe Ratios of YGLD 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

YGLD vs. CSHP - Drawdown Comparison

The maximum YGLD drawdown since its inception was -40.91%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for YGLD and CSHP.

Drawdown Indicators

	YGLD	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-40.91%	-0.08%	-40.83%
Max Drawdown (1Y) Largest decline over 1 year	-40.91%	-0.06%	-40.85%
Current Drawdown Current decline from peak	-38.50%	-0.01%	-38.49%
Average Drawdown Average peak-to-trough decline	-8.79%	-0.00%	-8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.89%	0.01%	+16.88%

Volatility

YGLD vs. CSHP - Volatility Comparison

Simplify Gold Strategy PLUS Income ETF (YGLD) has a higher volatility of 11.70% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that YGLD'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

	YGLD	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.70%	0.15%	+11.55%
Volatility (6M) Calculated over the trailing 6-month period	36.28%	0.27%	+36.01%
Volatility (1Y) Calculated over the trailing 1-year period	41.63%	0.36%	+41.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.45%	0.41%	+39.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.45%	0.41%	+39.04%

YGLD vs. CSHP - Expense Ratio Comparison

YGLD has a 0.50% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

YGLD vs. CSHP - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 20.93%, more than CSHP's 3.91% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%
YGLD Simplify Gold Strategy PLUS Income ETF	20.93%	12.05%	0.00%

Frequently Asked Questions

Can I hold both YGLD and CSHP in my portfolio?

YGLD and CSHP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YGLD or CSHP?

YGLD has higher volatility (11.70%) compared to CSHP (0.15%). In terms of maximum drawdown, YGLD dropped -40.91% vs CSHP's -0.08%.

Which ETF is better, YGLD or CSHP?

On 1-year performance, YGLD leads with 14.92% vs 3.96% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or CSHP?

Over the 1-year period, YGLD has performed better with a 14.92% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.50% for YGLD.

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

YGLD has the higher dividend yield at 20.93%, compared with 3.91% for CSHP.

What is the main difference between YGLD and CSHP?

YGLD is categorized as Gold, while CSHP is Ultrashort Bond. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for YGLD and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.22 vs 0.36), 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.