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FUSD vs ICSH

Federated Hermes Ultrashort Bond ETF

FUSDDCboe

iShares Ultra Short Duration Bond Active ETF

ICSHACboe

Overlap

Expense ratio

ICSH −0.10pt a year

FUSD0.18%ICSH0.08%

Avg volume · 30D

ICSH 975.1×the volume

FUSD1.71KICSH1.67M

FUSD vs ICSH Performance

Aug 4, 2026 – Nov 4, 2026

+887290.0%FUSD+0.8%ICSH

Aug 4, 2026 to Nov 4, 2026. FUSD +887290.0%. ICSH +0.8%. Use the arrow keys to read each point.200,000%400,000%600,000%Aug 2026Sep 2026Nov 2026
Expense ratio
FUSD 0.18%
ICSH 0.08%, better
Fund size
FUSD $36M
ICSH $8.9B
1Y total return
FUSD No data
ICSH +3.7%
Yield (12M)
FUSD No data
ICSH 4.12%
Holdings
FUSD 145
ICSH 404
Avg volume (30D)
FUSD 1.71K sh
ICSH 1.67M sh, better
NAV per share
FUSD $24.86
ICSH $50.30
52W range

ETF.net Grade

FUSD: Cost 54, Risk 60, Mission 20, Tradability 2, Holdings 69, Durability 13. ICSH: Cost 89, Risk 50, Mission 100, Tradability 76, Holdings 96, Durability 91.
Pillar letters and Scores for FUSD, ICSH, with each pillar’s weight
PillarFUSDICSH
Cost30% weightC54A89Higher
Mission25% weightF20A100Higher
Risk15% weightB60HigherC50
Tradability15% weightF2A76Higher
Holdings10% weightB69A96Higher
Durability5% weightF13A91Higher

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. FUSD 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 FUSD 69th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 69DBAMUBrookstone Ultra-Short Bond ETFScore 37
  4. Rank 69DFUSDFederated Hermes Ultrashort Bond ETFScore 37
  5. Rank 69DSLWSSLW Short Duration Income ETFScore 37

Our read on each fund

ETF.net Research

FUSDDFederated Hermes Ultrashort Bond ETF

ICSHAiShares Ultra Short Duration Bond Active ETF

In short

FUSD 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

FUSD 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

FUSD 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

FUSD 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 FUSD profile⁠

Full ICSH profile⁠

FUSD 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.

FUSD vs ICSH Cost

Overpaying FUSD vs ICSH

$2,060

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

  • FUSD 0.18%

    $3,749

  • ICSH 0.08%

    $1,689

$10,000
30 years

Cost over time

  • FUSD 0.18%
  • 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$4K051015202530FUSD $3,749ICSH $1,689

Year by year

YearFUSDICSHOverpaying
10$328$147$181
20$1,281$575$706
30$3,749$1,689$2,060

Expense ratio

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

ICSH 10th cheapest of 78 funds

FUSD 36th cheapest of 78 funds

FUSD vs ICSH Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
FUSD No data
ICSH 4.12%
Payout (12M)
FUSD No data
ICSH $2.07
Last payment
FUSD $0.10
ICSH $0.18
Ex-dividend
FUSD Oct 30, 2026
ICSH Nov 2, 2026
Paid on
FUSD Nov 2, 2026
ICSH Pays Nov 5, 2026
Frequency
FUSD Monthly
ICSH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FUSDMonthly · 4 paymentsAll FUSD payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Jul 31, 2026 $0.09; Aug 31, 2026 $0.09; Sep 30, 2026 $0.10; Oct 30, 2026 $0.10. Use the arrow keys to read each point.$0$0.2520232026YTD
ICSHMonthly · 46 paymentsAll ICSH payments⁠
One bar per payment. 46 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; Nov 2, 2026 $0.18. Use the arrow keys to read each point.$0$0.2520232026YTD

FUSD vs ICSH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FUSD No dataICSH 0.4%
Return per unit of riskSharpe ratio, 3 years
FUSD No dataICSH 0.87
Worst fallMax drawdown, 5 years
FUSD No dataICSH −0.7%
Market sensitivityBeta, 5 years
FUSD 0.19ICSH 0.04

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