iShares Ultra Short Duration Bond Active ETF (ICSH)
Market Price (9/11/2026): $50.39
iShares Ultra Short Duration Bond Active ETF (ICSH)
Market Price (9/11/2026): $50.39
Key Takeaways
- ICSH has returned +2.0% YTD vs +11.4% for SPY; +3.4% over the past 12 months (SPY +17.2%). details →
- Priced in gold, ICSH has returned -50.1% over the past 3 years, vs +15.2% in dollars — its dollar gains have lagged gold. details →
- Over the past month, ICSH has seen net inflows of +$414M (+4.8% of assets). details →
- ICSH is trading at an all-time high. details →
- Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.4 vs 1.0. details →
Asset Allocation with ICSH
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.7%
Volatility
10.8%
Sharpe
0.82
YTD
+8.1%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.
Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies
Top 20 Holdings for ICSH
Total Weights Top 5: 4.4% | Top 10: 7.8% | Top 20: 11.5%
| Holding | ETF Weight | |
|---|---|---|
| TRI-PARTY BOFA SECURITIES INC. | 0.93% | |
| FIDELITY NATL INFO SERV 144A 09/17/2026 | 0.99% | |
| BANCO BILBAO VIZCAYA ARGENTARIA SA 03/10/2027 | 0.85% | |
| BPCE SA 144A 05/06/2027 | 0.84% | |
| WESTPAC SECURITIES NZ LTD 144A 06/09/2027 | 0.79% | |
| SKANDINAVISKA ENSKILDA BANKEN AB 144A 05/10/2027 | 0.71% | |
| COOPERATIEVE RABOBANK UA (NEW YORK 11/16/2026 | 0.70% | |
| SVENSKA HANDELSBANKEN AB 144A 04/13/2027 | 0.67% | |
| NORTHWESTERN MUTUAL GLOBAL FUNDING MTN 144A 4.40% 03/30/2029 | 0.65% | |
| MIZUHO BANK LTD (NEW YORK BRANCH) 05/26/2027 | 0.65% | |
| TOYOTA MOTOR CREDIT CORP MTN 4.25% 05/12/2028 | 0.63% | |
| CDP FINANCIAL INC 144A 03/24/2027 | 0.63% | |
| SUMITOMO MITSUI TRUST BANK LTD (NE 11/24/2026 | 0.62% | |
| SALESFORCE INC 4.50% 03/15/2028 | 0.61% | |
| PACIFIC LIFE GLOBAL FUNDING II MTN 144A 4.30% 04/27/2029 | 0.61% | |
| RWE AG 144A 10/21/2026 | 0.61% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ICSH Return | 0% | 1% | 6% | 6% | 5% | 2% | 21% |
| Peers Return | -0% | 1% | 5% | 5% | 4% | 2% | 20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| ICSH Win Rate | 67% | 50% | 100% | 100% | 100% | 89% | |
| Peers Win Rate | 38% | 72% | 100% | 100% | 100% | 89% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ICSH Max Drawdown | -0% | -1% | -0% | -0% | -0% | -0% | |
| Peers Max Drawdown | -0% | -0% | -0% | -0% | -0% | -0% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SGOV, BIL, JPST, SHV, USFR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/10/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 8312026.Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| QQQ | Invesco QQQ Trust, Series 1 | -5.0% | 708.69 | 9102026 | 746.16 | 6022026 | 100 |
| QQQM | Invesco NASDAQ 100 ETF | -5.0% | 291.80 | 9102026 | 307.23 | 6022026 | 100 |
| QQEW | First Trust Nasdaq-100 Select Equal Weight ETF | -6.2% | 156.65 | 9102026 | 167.03 | 8132026 | 28 |
| IJH | iShares Core S&P Mid-Cap ETF | -6.1% | 73.86 | 9102026 | 78.67 | 8162026 | 25 |
| IWR | iShares Russell Mid-Cap ETF | -5.1% | 108.96 | 9102026 | 114.82 | 8162026 | 25 |
| MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | -6.1% | 673.25 | 9102026 | 716.91 | 8162026 | 25 |
| SCHM | Schwab U.S. Mid-Cap ETF | -5.4% | 34.89 | 9102026 | 36.87 | 6302026 | 72 |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | -6.1% | 125.01 | 9102026 | 133.08 | 8162026 | 25 |
| IJR | iShares Core S&P Small-Cap ETF | -6.0% | 141.44 | 9102026 | 150.44 | 8162026 | 25 |
| VB | Vanguard Small-Cap ETF | -5.9% | 291.18 | 9102026 | 309.29 | 8162026 | 25 |
| IWM | iShares Russell 2000 ETF | -5.7% | 287.70 | 9102026 | 305.09 | 8162026 | 25 |
| SCHA | Schwab U.S. Small-Cap ETF | -6.9% | 33.65 | 9102026 | 36.13 | 6302026 | 72 |
| VTWO | Vanguard Russell 2000 ETF | -5.7% | 116.34 | 9102026 | 123.31 | 8162026 | 25 |
| DFAS | Dimensional U.S. Small Cap ETF | -5.3% | 80.01 | 9102026 | 84.48 | 8162026 | 25 |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | -5.7% | 53.41 | 9102026 | 56.64 | 8162026 | 25 |
| NUSC | Nuveen ESG Small-Cap ETF | -6.5% | 49.80 | 9102026 | 53.27 | 8162026 | 25 |
| IWF | iShares Russell 1000 Growth ETF | -5.8% | 121.32 | 9102026 | 128.77 | 6012026 | 101 |
| VONG | Vanguard Russell 1000 Growth ETF | -5.7% | 124.84 | 9102026 | 132.35 | 6012026 | 101 |
| AKRE | Akre Focus ETF | -8.8% | 56.38 | 9102026 | 61.85 | 8302026 | 11 |
| IWP | iShares Russell Mid-Cap Growth ETF | -7.5% | 136.68 | 9102026 | 147.70 | 8172026 | 24 |
| VOT | Vanguard Mid-Cap Growth ETF | -6.8% | 292.75 | 9102026 | 314.02 | 8162026 | 25 |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | -7.2% | 110.55 | 9102026 | 119.11 | 8172026 | 24 |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | -7.2% | 105.50 | 9102026 | 113.69 | 8172026 | 24 |
| IWO | iShares Russell 2000 Growth ETF | -7.6% | 365.67 | 9102026 | 395.65 | 8162026 | 25 |
| VBK | Vanguard Small-Cap Growth ETF | -7.7% | 337.98 | 9102026 | 366.24 | 8172026 | 24 |
| IJT | iShares S&P Small-Cap 600 Growth ETF | -7.5% | 165.67 | 9102026 | 179.07 | 8042026 | 37 |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | -7.5% | 110.56 | 9102026 | 119.50 | 8042026 | 37 |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | -5.0% | 144.07 | 9102026 | 151.67 | 8162026 | 25 |
| IEMG | iShares Core MSCI Emerging Markets ETF | -5.1% | 81.58 | 9102026 | 86.00 | 6222026 | 80 |
| EEM | iShares MSCI Emerging Markets ETF | -5.9% | 67.00 | 9102026 | 71.21 | 6222026 | 80 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -9.9% | 33.62 | 9102026 | 37.30 | 6222026 | 80 |
| EWY | iShares MSCI South Korea ETF | -16.6% | 182.78 | 9102026 | 219.20 | 6212026 | 81 |
| EWZ | iShares MSCI Brazil ETF | -7.6% | 38.56 | 9102026 | 41.73 | 4142026 | 149 |
| FXI | iShares China Large-Cap ETF | -10.2% | 34.35 | 9102026 | 38.26 | 5132026 | 120 |
| KWEB | KraneShares CSI China Internet ETF | -20.2% | 24.44 | 9102026 | 30.64 | 3162026 | 178 |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.1% | 56.08 | 9102026 | 59.07 | 8242026 | 17 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -12.2% | 303.15 | 9102026 | 345.22 | 6222026 | 80 |
| SPHQ | Invesco S&P 500 Quality ETF | -7.0% | 83.75 | 9102026 | 90.10 | 6302026 | 72 |
| FNDA | Schwab Fundamental U.S. Small Company ETF | -6.0% | 36.19 | 9102026 | 38.52 | 8162026 | 25 |
| SPMO | Invesco S&P 500 Momentum ETF | -8.7% | 147.53 | 9102026 | 161.66 | 6222026 | 80 |
| URA | Global X Uranium ETF | -22.8% | 45.00 | 9102026 | 58.26 | 5062026 | 127 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -16.5% | 34.76 | 9102026 | 41.63 | 5132026 | 120 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -13.9% | 77.82 | 9102026 | 90.34 | 6022026 | 100 |
| LIT | Global X Lithium & Battery Tech ETF | -21.6% | 71.81 | 9102026 | 91.62 | 5112026 | 122 |
| ICLN | iShares Global Clean Energy ETF | -25.0% | 17.82 | 9102026 | 23.75 | 6022026 | 100 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -16.2% | 120.49 | 9102026 | 143.82 | 5282026 | 105 |
| ARKX | ARK Space & Defense Innovation ETF | -16.1% | 31.66 | 9102026 | 37.74 | 5282026 | 105 |
| NASA | Tema Space Innovators ETF | -45.0% | 23.04 | 9102026 | 41.89 | 5272026 | 106 |
| AGIX | KraneShares Artificial Intelligence ETF | -8.3% | 45.28 | 9102026 | 49.40 | 6012026 | 101 |
| DRSK | Aptus Defined Risk ETF | -6.1% | 27.86 | 9102026 | 29.67 | 6012026 | 101 |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | -8.1% | 65.53 | 9102026 | 71.30 | 8252026 | 16 |
| XLK | State Street Technology Select Sector SPDR ETF | -6.6% | 185.22 | 9102026 | 198.21 | 6022026 | 100 |
| XLV | State Street Health Care Select Sector SPDR ETF | -5.7% | 165.66 | 9102026 | 175.68 | 8192026 | 22 |
| XLI | State Street Industrial Select Sector SPDR ETF | -8.6% | 170.55 | 9102026 | 186.51 | 8162026 | 25 |
| XLC | State Street Communication Services Select Sector SPDR ETF | -6.4% | 111.50 | 9102026 | 119.10 | 4192026 | 144 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -8.3% | 111.96 | 9102026 | 122.06 | 5282026 | 105 |
| XLU | State Street Utilities Select Sector SPDR ETF | -9.8% | 42.52 | 9102026 | 47.15 | 4092026 | 154 |
| XLB | State Street Materials Select Sector SPDR ETF | -5.4% | 50.76 | 9102026 | 53.67 | 8262026 | 15 |
| VHT | Vanguard Health Care ETF | -5.5% | 311.27 | 9102026 | 329.48 | 8192026 | 22 |
| IYJ | iShares U.S. Industrials ETF | -7.8% | 156.53 | 9102026 | 169.86 | 8042026 | 37 |
| IYM | iShares U.S. Basic Materials ETF | -5.3% | 186.03 | 9102026 | 196.45 | 8252026 | 16 |
| SMH | VanEck Semiconductor ETF | -16.2% | 560.28 | 9102026 | 668.91 | 6222026 | 80 |
| SOXX | iShares Semiconductor ETF | -21.0% | 517.43 | 9102026 | 655.01 | 6222026 | 80 |
| IBB | iShares Biotechnology ETF | -6.6% | 202.64 | 9102026 | 216.96 | 8192026 | 22 |
| XBI | State Street SPDR S&P Biotech ETF | -7.5% | 156.82 | 9102026 | 169.55 | 8192026 | 22 |
| ITA | iShares U.S. Aerospace & Defense ETF | -13.8% | 218.32 | 9102026 | 253.22 | 8162026 | 25 |
| IGV | iShares Expanded Tech-Software Sector ETF | -8.3% | 101.20 | 9102026 | 110.32 | 8272026 | 14 |
| IYT | iShares U.S. Transportation ETF | -8.9% | 82.03 | 9102026 | 90.01 | 7162026 | 56 |
| KRE | State Street SPDR S&P Regional Banking ETF | -5.3% | 73.81 | 9102026 | 77.93 | 8162026 | 25 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -14.0% | 42.29 | 9102026 | 49.19 | 5282026 | 105 |
| RING | iShares MSCI Global Gold Miners ETF | -9.2% | 84.56 | 9102026 | 93.17 | 8252026 | 16 |
| SOXQ | Invesco PHLX Semiconductor ETF | -20.5% | 91.47 | 9102026 | 115.11 | 6222026 | 80 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.9% | 80.78 | 9102026 | 86.78 | 6292026 | 73 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.9% | 51.88 | 9102026 | 55.12 | 6292026 | 73 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.2% | 24.70 | 9102026 | 26.33 | 6292026 | 73 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.5% | 95.04 | 9102026 | 100.56 | 6292026 | 73 |
| EDV | Vanguard World Funds Extended Duration ETF | -10.1% | 58.85 | 9102026 | 65.43 | 6242026 | 78 |
| VCLT | Vanguard Long-Term Corporate Bond ETF | -5.7% | 70.62 | 9102026 | 74.85 | 6292026 | 73 |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | -6.1% | 21.03 | 9102026 | 22.40 | 6292026 | 73 |
| IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | -6.0% | 47.07 | 9102026 | 50.05 | 6292026 | 73 |
| LMUB | iShares Long-Term National Muni Bond ETF | -6.4% | 47.74 | 9102026 | 51.00 | 7052026 | 67 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 9102026 | 31.85 | 3182026 | 176 |
| GLD | SPDR Gold Trust | -15.1% | 396.36 | 9102026 | 466.88 | 3122026 | 182 |
| IAU | iShares Gold Trust | -13.5% | 82.69 | 9102026 | 95.65 | 3122026 | 182 |
| GLDM | SPDR Gold MiniShares Trust | -15.0% | 85.51 | 9102026 | 100.60 | 3122026 | 182 |
| SGOL | ETFS Physical Swiss Gold Shares | -7.8% | 44.66 | 9102026 | 48.43 | 3122026 | 182 |
| BAR | Direxion Daily Gold Bull 3X Shares | -11.4% | 44.34 | 9102026 | 50.06 | 3122026 | 182 |
| SLV | iShares Silver Trust | -23.5% | 60.72 | 9102026 | 79.35 | 5132026 | 120 |
| PPLT | ETFS Physical Platinum Shares | -17.5% | 16.13 | 9102026 | 19.55 | 5132026 | 120 |
| CPER | United States Copper Index Fund ETV | -6.6% | 33.33 | 9102026 | 35.69 | 3162026 | 178 |
| PALL | ETFS Physical Palladium Shares | -21.0% | 23.23 | 9102026 | 29.41 | 3122026 | 182 |
| UNG | United States Natural Gas Fund LP | -21.9% | 10.19 | 9102026 | 13.04 | 3122026 | 182 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 9102026 | 60.13 | 5042026 | 129 |
| VNQ | Vanguard Real Estate ETF | -6.8% | 94.12 | 9102026 | 100.95 | 7282026 | 44 |
| XLRE | State Street Real Estate Select Sector SPDR ETF | -6.4% | 43.05 | 9102026 | 46.01 | 7282026 | 44 |
| SCHH | Schwab U.S. REIT ETF | -7.2% | 23.06 | 9102026 | 24.86 | 7262026 | 46 |
| IYR | iShares U.S. Real Estate ETF | -6.8% | 99.97 | 9102026 | 107.26 | 7282026 | 44 |
| REET | iShares Global REIT ETF | -6.9% | 26.89 | 9102026 | 28.89 | 7262026 | 46 |
| USRT | iShares Core U.S. REIT ETF | -8.0% | 64.22 | 9102026 | 69.82 | 7262026 | 46 |
| IBIT | iShares Bitcoin Trust ETF | -6.0% | 43.68 | 9102026 | 46.47 | 5112026 | 122 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -6.0% | 67.06 | 9102026 | 71.35 | 5112026 | 122 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Net fund flows · as of 2026-09-10
Asset allocation rotation · Past month
- Bond ETFs drew the largest net inflows (+$16.2B), followed by Equity (+$15.4B), while Real Estate (−$520M) saw the largest outflows.
- Within the mix, money rotated into Short Treasury (+$9.1B) and out of US Large Cap Core (−$18.4B).
- Relative to fund size, CNEQ drew the largest inflow (+79.2% of AUM) and SNXX the largest outflow (−41.2%).
Largest inflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +$43.65B | +4.2% |
| 2 | VTI | Vanguard Morningstar Total Stock Market ETF | +$7.65B | +1.1% |
| 3 | SGOV | iShares 0-3 Month Treasury Bond ETF | +$7.49B | +7.1% |
| 4 | VGSH | Vanguard Short-Term Treasury ETF | +$4.68B | +14.9% |
| 5 | GLD | SPDR Gold Shares | +$4.19B | +2.8% |
| 6 | SCHD | Schwab U.S. Dividend Equity ETF | +$3.83B | +3.4% |
| 7 | AVLV | Avantis U.S. Large Cap Value ETF | +$3.78B | +17.5% |
| 8 | TLT | iShares 20+ Year Treasury Bond ETF | +$3.65B | +7.8% |
| 9 | VXUS | Vanguard Total International Stock ETF | +$3.31B | +2.0% |
| 10 | IBIT | iShares Bitcoin Trust ETF | +$2.8B | +4.6% |
Largest outflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | IVV | iShares Core S&P 500 ETF | -$59.47B | -6.7% |
| 2 | SPYM | State Street SPDR Portfolio S&P 500 ETF | -$4.97B | -2.9% |
| 3 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$4.14B | -12.6% |
| 4 | XLF | State Street Financial Select Sector SPDR ETF | -$3.42B | -6.2% |
| 5 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$3.03B | -18.4% |
| 6 | VGIT | Vanguard Intermediate-Term Treasury ETF | -$2.47B | -5.8% |
| 7 | DRAM | Roundhill Memory ETF | -$2.14B | -8.2% |
| 8 | GOVT | iShares U.S. Treasury Bond ETF | -$1.82B | -4.2% |
| 9 | XLK | State Street Technology Select Sector SPDR ETF | -$1.18B | -1.0% |
| 10 | EWY | iShares MSCI South Korea ETF | -$1.06B | -3.8% |
Largest ETF fund flows across ~2646 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.
About ICSH
| Holdings Count: 244Expense Ratio: 0.08%Inception Date: 2013-12-10 | iShares Ultra Short Duration Bond Active ETFThis ETF aims to deliver a steady stream of income while also prioritizing the protection of investors' principal.Asset Class: Fixed Income | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Profile
| Median | |
|---|---|
| Name | |
| Asset Class | - |
| AUM ($ Bil) | 31.1 |
| Expense Ratio | 0.15% |
| 10-D Avg Volume (Mil) | 5.68 |
| Latest Day Volume (Mil) | 8.28 |
| Holdings Count | 28 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | 0.1% |
| Distribution Yield | 3.7% |
| Sales Yield | - |
| Earnings Yield | - |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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