BUXX vs ICSH: Grades, Fees and Holdings Compared

Strive Enhanced Income Short Maturity ETF

BUXXBNYSE

iShares Ultra Short Duration Bond Active ETF

ICSHACboe

Overlap

No data

Expense ratio

ICSH −0.18pt a year

BUXX0.26%ICSH0.08%

Avg volume · 30D

ICSH 6.2×the volume

BUXX271KICSH1.68M

3Y return · a year

BUXX +0.3pt

BUXX+5.2%ICSH+4.9%

BUXX vs ICSH Performance

Nov 7, 2025 – Nov 9, 2026

+4.0%BUXX+3.7%ICSH

Expense ratio: BUXX 0.26%; ICSH 0.08%, better
Fund size: BUXX $549M; ICSH $8.9B
1Y total return: BUXX +4.0%, better; ICSH +3.7%
Yield (12M): BUXX 4.42%, better; ICSH 4.12%
Holdings: BUXX 331; ICSH 400
Avg volume (30D): BUXX 271K sh; ICSH 1.68M sh, better
NAV per share: BUXX $20.18; ICSH $50.35
52W range

ETF.net Grade

Pillar letters and Scores for BUXX, ICSH, with each pillar’s weight
Pillar	BUXX	ICSH
Cost30% weight	F18	A89Higher
Mission25% weight	A100	A100
Risk15% weight	C53Higher	C52
Tradability15% weight	C44	A74Higher
Holdings10% weight	A76	A95Higher
Durability5% weight	B56	A90Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. BUXX and ICSH are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

ICSH ranks 1st and BUXX 51st of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 81
Rank 47BVRIGInvesco Variable Rate Investment Grade ETFScore 56
Rank 51BBUXXStrive Enhanced Income Short Maturity ETFScore 55
Rank 51BCVSBCalvert Ultra-Short Investment Grade ETFScore 55

Our read on each fund

ETF.net Research

BUXXBStrive Enhanced Income Short Maturity ETF

ICSHAiShares Ultra Short Duration Bond Active ETF

In short

BUXX Strive's parking spot for near-term cash: a short-maturity bond fund built to pay monthly income while damping price swings and keeping liquidity handy. Young for its category, but it stays tightly inside the job its prospectus describes.

ICSH BlackRock's active cash-parking sleeve, live since 2013: roughly 250 ultra-short investment-grade bonds and money market instruments, run for current income with preservation of capital, at 0.08% a year.

Stated mandate

BUXX The Fund seeks current income while aiming to reduce price volatility and preserve liquidity.

ICSH The fund seeks current income consistent with preservation of capital through actively managed exposure to ultra-short-term investment-grade bonds and money market instruments.

Why people hold it

BUXX Does what the label says. The portfolio has stayed inside its stated short-maturity, income-seeking lane, one of the tighter mandate matches in the ultra-short bond group.
Income lands monthly, spread across roughly 230 bond positions rather than a handful of big bets.
Real scale for a young fund, with moderate day-to-day trading activity behind it instead of a thin, name-only listing.

ICSH At 0.08% a year it undercuts the typical cash-alternative ETF, which charges about 0.20%, and comes in below top-rated rivals like FLUD and JPST.
Actively managed rather than a fixed ladder: the team picks across ultra-short investment-grade bonds and money market instruments, spread over roughly 250 positions.ishares.com
Trading since 2013 and now a multi-billion-dollar fund that changes hands actively, giving it one of the longer records in the cash-alternative aisle.
Sits in the top quartile of its cash-alternative peer group, helped by high-quality holdings and low cost.

Worth knowing

BUXX The fee is 0.26% a year, above the ultra-short cohort median of 0.20% and well above VUSB (0.10%) or SHV (0.15%).
Reduced price volatility is the aim, not zero. This is a bond fund, so the share price can move. A bank deposit it is not.
Launched in 2023, so its track record is short next to ultra-short peers that have run through multiple rate cycles.

ICSH Not a money market fund. The share price floats, and preservation of capital is the stated aim, not a promise.ishares.com
It holds investment-grade corporate paper alongside money market instruments, so it carries credit risk a Treasury-bill-only fund does not.ishares.com
It pays monthly, but the amount rides short-term rates, and as an active fund its results can drift from its 6-month T-bill reference index either way.

Full BUXX profile⁠

Full ICSH profile⁠

BUXX vs ICSH Holdings

How BUXX and ICSH differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile75.0%
Asset classBonds100%

Sector

BUXX and ICSH share no Sector name, so they cannot be compared by Sector.

Country, concentration and asset class

Country by domicile

Country weights in BUXX and ICSH, widest gap first
Country	Gap	BUXX	ICSH
United States	BUXX +15.5 points	89.1%	73.6%
Cayman Islands	BUXX +8.4 points	8.4%	0.0%
Canada	ICSH +4.5 points	0.1%	4.6%
Australia	ICSH +3.9 points	0.0%	3.9%
Sweden	ICSH +3.3 points	0.0%	3.3%
United Kingdom	ICSH +2.5 points	0.4%	2.9%
New Zealand	ICSH +2.4 points	0.0%	2.4%
Switzerland	ICSH +1.7 points	0.0%	1.7%
Other countries (10)	ICSH +5.7 points	1.9%	7.6%

Outside the US: ICSH 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

BUXX13.8%
ICSH10.1%

Securities held

BUXX331
ICSH400

Asset class

BUXX: Bonds
ICSH: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BUXX holds 331 securities, ICSH 400.

All 226 BUXX holdings⁠All 250 ICSH holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUXX vs ICSH Cost

Overpaying BUXX vs ICSH

$3,669

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BUXX 0.26%
$5,358
ICSH 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

BUXX 0.26%
ICSH 0.08%
Overpaying

Year by year

Year	BUXX	ICSH	Overpaying
10	$473	$147	$326
20	$1,838	$575	$1,263
30	$5,358	$1,689	$3,669

Expense ratio

0.26%BUXX
0.08%ICSH, cheaper

ICSH0.08%BUXX0.26%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

ICSH 10th cheapest of 78 funds

BUXX 67th cheapest of 78 funds

BUXX vs ICSH Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BUXX 4.42%, better; ICSH 4.12%
Payout (12M): BUXX $0.89; ICSH $2.07
Last payment: BUXX $0.07; ICSH $0.18
Ex-dividend: BUXX Oct 28, 2026; ICSH Nov 2, 2026
Paid on: BUXX Oct 30, 2026; ICSH Nov 5, 2026
Frequency: BUXX Monthly; ICSH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BUXXMonthly · 38 paymentsAll BUXX payments⁠

ICSHMonthly · 46 paymentsAll ICSH payments⁠

BUXX vs ICSH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUXX 0.5%ICSH 0.4%, better
Return per unit of riskSharpe ratio, 3 years: BUXX 1.67, betterICSH 0.87
Worst fallMax drawdown, 5 years: BUXX −0.6%since Aug 2023ICSH −0.7%
Market sensitivityBeta, 5 years: BUXX 0.01ICSH 0.04; Market = 1

BUXX and ICSH in the news

All news⁠

Filings Digest
11 Strive funds will move to NYSE Arca on Dec. 15
Oct 29, 2026BUXX

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BUXX vs ICSH

In short

Stated mandate

Why people hold it

Worth knowing

How BUXX and ICSH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

11 Strive funds will move to NYSE Arca on Dec. 15

How BUXX and ICSH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings