CSHP vs SPY
iShares Dynamic Short-Term Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CSHP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $192M | $821.1B | |
| Dividend Yield | 4.00% | 1.01% | |
| Holdings | 65 | 505 | |
| YTD Return | +2.17% | +12.22% | |
| 1Y Return | +3.65% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 0.4% | 15.3% | |
| Max Drawdown | -0.5% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 17, 2024 | Jan 22, 1993 |
CSHP vs SPY Performance
iShares Dynamic Short-Term Active ETF (CSHP) is a ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CSHP returned +3.65% while SPY returned +20.83%. Year to date, CSHP is up 2.17% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 0.4% for CSHP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.5% for CSHP and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.00. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CSHP charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, CSHP currently yields 4.00% against 1.01% for SPY.
Holdings Overlap
CSHP and SPY share 0 holdings out of 526 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSHP or SPY?
CSHP has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, CSHP or SPY?
Over the past year CSHP returned +3.65% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), CSHP annualized +4.11% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, CSHP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.4% for CSHP. Worst drawdown: CSHP -0.5% vs SPY -56.5%.
Should I hold both CSHP and SPY?
CSHP and SPY have a monthly-return correlation of 0.00, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSHP and SPY?
CSHP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, CSHP or SPY?
CSHP yields 4.00% while SPY yields 1.01%, so CSHP currently pays the higher dividend yield.
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