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CBOX vs ICSH

Calamos Tax-Aware Collateral ETF

CBOXCCboe

iShares Ultra Short Duration Bond Active ETF

ICSHACboe

Overlap

Expense ratio

ICSH −0.11pt a year

CBOX0.19%ICSH0.08%

Avg volume · 30D

ICSH 18.6×the volume

CBOX88.4KICSH1.64M

CBOX vs ICSH Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%CBOX+0.8%ICSH

Jul 31, 2026 to Oct 30, 2026. CBOX +1.1%. ICSH +0.8%. Use the arrow keys to read each point.0%0.2%0.4%0.6%Jul 2026Sep 2026Oct 2026
Expense ratio
CBOX 0.19%
ICSH 0.08%, better
Fund size
CBOX $1.8B
ICSH $8.97B
1Y total return
CBOX No data
ICSH +3.6%
Yield (12M)
CBOX No data
ICSH 4.13%
Holdings
CBOX 2
ICSH 408
Avg volume (30D)
CBOX 88.4K sh
ICSH 1.64M sh, better
NAV per share
CBOX $102.15
ICSH $50.47
52W range

ETF.net Grade

CBOX: Cost 38, Risk 52, Mission not scored, Tradability 46, Holdings 24, Durability 42. ICSH: Cost 89, Risk 53, Mission 100, Tradability 76, Holdings 95, Durability 90.
Pillar letters and Scores for CBOX, ICSH, with each pillar’s weight
PillarCBOXICSH
Cost30% weightD38A89Higher
Mission25% weightNot scoredA100
Risk15% weightC52C53Higher
Tradability15% weightC46A76Higher
Holdings10% weightF24A95Higher
Durability5% weightC42A90Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CBOX 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 CBOX 67th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 66CXBOXRoundhill Box Spread ETFScore 42
  4. Rank 67CCBOXCalamos Tax-Aware Collateral ETFScore 40
  5. Rank 67CCMBOWayfinder Dynamic U.S. Interest Rate ETFScore 40

Our read on each fund

ETF.net Research

CBOXCCalamos Tax-Aware Collateral ETF

ICSHAiShares Ultra Short Duration Bond Active ETF

In short

CBOX No data

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

CBOX No data

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

CBOX No data

  • 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

CBOX No data

  • 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 CBOX profile⁠

Full ICSH profile⁠

CBOX vs 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.

CBOX vs ICSH Cost

Overpaying CBOX vs ICSH

$2,263

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

  • CBOX 0.19%

    $3,952

  • ICSH 0.08%

    $1,689

$10,000
30 years

Cost over time

  • CBOX 0.19%
  • ICSH 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530CBOX $3,952ICSH $1,689

Year by year

YearCBOXICSHOverpaying
10$347$147$200
20$1,351$575$776
30$3,952$1,689$2,263

Expense ratio

  • 0.19%CBOX
  • 0.08%ICSH, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

ICSH 10th cheapest of 78 funds

CBOX 42nd cheapest of 78 funds

CBOX vs ICSH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CBOX No data
ICSH 4.13%
Payout (12M)
CBOX None
ICSH $2.08
Last payment
CBOX No data
ICSH $0.17
Ex-dividend
CBOX No data
ICSH Oct 1, 2026
Paid on
CBOX No data
ICSH Oct 6, 2026
Frequency
CBOX No data
ICSH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CBOXAll CBOX payments⁠

No distribution history available.

ICSHMonthly · 45 paymentsAll ICSH payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.20; Mar 1, 2023 $0.16; Apr 3, 2023 $0.18; May 1, 2023 $0.18; Jun 1, 2023 $0.19; Jul 3, 2023 $0.20; Aug 1, 2023 $0.22; Sep 1, 2023 $0.22; Oct 2, 2023 $0.20; Nov 1, 2023 $0.23; Dec 1, 2023 $0.22; Dec 14, 2023 $0.22; Feb 1, 2024 $0.23; Mar 1, 2024 $0.22; Apr 1, 2024 $0.23; May 1, 2024 $0.22; Jun 3, 2024 $0.23; Jul 1, 2024 $0.22; Aug 1, 2024 $0.22; Sep 3, 2024 $0.22; Oct 1, 2024 $0.22; Nov 1, 2024 $0.21; Dec 2, 2024 $0.21; Dec 18, 2024 $0.21; Feb 3, 2025 $0.20; Mar 3, 2025 $0.18; Apr 1, 2025 $0.20; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.20; Aug 1, 2025 $0.21; Sep 2, 2025 $0.19; Oct 1, 2025 $0.19; Nov 3, 2025 $0.19; Dec 1, 2025 $0.18; Dec 19, 2025 $0.19; Feb 2, 2026 $0.17; Mar 2, 2026 $0.16; Apr 1, 2026 $0.17; May 1, 2026 $0.17; Jun 1, 2026 $0.17; Jul 1, 2026 $0.17; Aug 3, 2026 $0.17; Sep 1, 2026 $0.17; Oct 1, 2026 $0.17. Use the arrow keys to read each point.$0$0.2520232026YTD

CBOX vs ICSH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CBOX No dataICSH 0.4%
Return per unit of riskSharpe ratio, 3 years
CBOX No dataICSH 0.87
Worst fallMax drawdown, 5 years
CBOX No dataICSH −0.7%
Market sensitivityBeta, 5 years
CBOX −0.0005ICSH 0.04

CBOX and ICSH in the news

All news⁠

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