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HBIL vs ICSH

HARBOR SHORT TERM TREASURY ETF

HBIL—NYSE Arca

iShares Ultra Short Duration Bond Active ETF

ICSHACboe

Overlap

No data

Expense ratio

ICSH −0.02pt a year

HBIL0.10%ICSH0.08%

Avg volume · 30D

ICSH 61.8×the volume

HBIL26.6KICSH1.64M

HBIL vs ICSH Performance

Sep 30, 2026 – Oct 30, 2026

+0.4%HBIL+0.5%ICSH

Sep 30, 2026 to Oct 30, 2026. HBIL +0.4%. ICSH +0.5%. Use the arrow keys to read each point.0%0.1%0.2%0.3%Sep 30Oct 15Oct 30
Expense ratio
HBIL 0.10%
ICSH 0.08%, better
Fund size
HBIL $6M
ICSH $8.97B
1Y total return
HBIL No data
ICSH +3.6%
Yield (12M)
HBIL No data
ICSH 4.13%
Holdings
HBIL 1
ICSH 408
Avg volume (30D)
HBIL 26.6K sh
ICSH 1.64M sh, better
NAV per share
HBIL $20.08
ICSH $50.47
52W range

ETF.net Grade

  • —HBILNot yet graded
ICSH: Cost 89, Risk 53, Mission 100, Tradability 76, Holdings 95, Durability 90.
Pillar letters and Scores for HBIL, ICSH, with each pillar’s weight
PillarHBILICSH
Cost30% weightNot scoredA89
Mission25% weightNot scoredA100
Risk15% weightNot scoredC53
Tradability15% weightNot scoredA76
Holdings10% weightNot scoredA95
Durability5% weightNot scoredA90

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Cash & Ultra-Short Income⁠

Category · 78 funds
See all 78 ›

ICSH ranks 1st 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. HBILNot yet graded

Our read on each fund

ETF.net Research

HBIL—HARBOR SHORT TERM TREASURY ETF

ICSHAiShares Ultra Short Duration Bond Active ETF

In short

HBIL 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

HBIL 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

HBIL 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

HBIL 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 HBIL profile⁠

Full ICSH profile⁠

HBIL 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.

HBIL vs ICSH Cost

Overpaying HBIL vs ICSH

$417

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

  • HBIL 0.10%

    $2,106

  • ICSH 0.08%

    $1,689

$10,000
30 years

Cost over time

  • HBIL 0.10%
  • ICSH 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530HBIL $2,106ICSH $1,689

Year by year

YearHBILICSHOverpaying
10$183$147$36
20$717$575$142
30$2,106$1,689$417

Expense ratio

  • 0.10%HBIL
  • 0.08%ICSH, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

ICSH 10th cheapest of 78 funds

HBIL 13th cheapest of 78 funds

HBIL vs ICSH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
HBIL No data
ICSH 4.13%
Payout (12M)
HBIL No data
ICSH $2.08
Last payment
HBIL $0.07
ICSH $0.17
Ex-dividend
HBIL Oct 1, 2026
ICSH Oct 1, 2026
Paid on
HBIL Oct 6, 2026
ICSH Oct 6, 2026
Frequency
HBIL Monthly
ICSH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

HBILMonthly · 2 paymentsAll HBIL payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 1, 2026 $0.02; Oct 1, 2026 $0.07. Use the arrow keys to read each point.$0$0.2520232026YTD
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

HBIL vs ICSH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HBIL No dataICSH 0.4%
Return per unit of riskSharpe ratio, 3 years
HBIL No dataICSH 0.87
Worst fallMax drawdown, 5 years
HBIL No dataICSH −0.7%
Market sensitivityBeta, 5 years
HBIL 0.00ICSH 0.04

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