ICSH vs LDUR: Grades, Fees and Holdings Compared

iShares Ultra Short Duration Bond Active ETF

ICSHACboe

PIMCO Enhanced Low Duration Active Exchange-Traded Fund

LDURCNYSE Arca

Overlap

No data

Expense ratio

ICSH −0.43pt a year

ICSH0.08%LDUR0.51%

Avg volume · 30D

ICSH 20.1×the volume

ICSH1.68MLDUR83.7K

10Y return · a year

ICSH +0.4pt

ICSH+2.9%LDUR+2.5%

ICSH vs LDUR Performance

Nov 9, 2021 – Nov 9, 2026

+21.5%ICSH+13.1%LDUR

Expense ratio: ICSH 0.08%, better; LDUR 0.51%
Fund size: ICSH $8.9B; LDUR $1.39B
1Y total return: ICSH +3.7%, better; LDUR +2.8%
Yield (12M): ICSH 4.12%; LDUR 4.18%, better
Holdings: ICSH 400; LDUR 667
Avg volume (30D): ICSH 1.68M sh, better; LDUR 83.7K sh
NAV per share: ICSH $50.35; LDUR $94.64
52W range

ETF.net Grade

Pillar letters and Scores for ICSH, LDUR, with each pillar’s weight
Pillar	ICSH	LDUR
Cost30% weight	A89Higher	F1
Mission25% weight	A100	A100
Risk15% weight	C52Higher	C44
Tradability15% weight	A74Higher	C47
Holdings10% weight	A95Higher	B68
Durability5% weight	A90Higher	A72

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. ICSH and LDUR 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 LDUR 64th 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 63CSOFRAmplify Samsung SOFR ETFScore 50
Rank 64CLDURPIMCO Enhanced Low Duration Active Exchange-Traded FundScore 49
Rank 65CARCMArrow Reserve Capital Management ETFScore 46

Our read on each fund

ETF.net Research

ICSHAiShares Ultra Short Duration Bond Active ETF

LDURCPIMCO Enhanced Low Duration Active Exchange-Traded Fund

In short

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.

LDUR Short bonds, run by hand. LDUR is PIMCO's actively managed low-duration portfolio: US, foreign and emerging-market debt, roughly 500 positions, income paid monthly, on the tape since 2014.

Stated mandate

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.

LDUR The Fund seeks total return through income from investments and potential capital appreciation. It normally invests at least 80% of net assets in a diversified portfolio of fixed-income instruments with varying maturities.

Why people hold it

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.

LDUR Short-maturity bonds move less when rates move than long bonds do, and here a manager steers the maturity mix instead of tracking a fixed index.
One ticket reaches US, international and emerging-market fixed income, spread across roughly 500 positions.
Income lands monthly, and it's a multi-billion-dollar fund trading since 2014, not a thin startup with a wide spread.

Worth knowing

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.

LDUR Active bond management costs 0.54% a year. Index-tracking neighbors like BND and SPAB charge 0.03%, so there's a real fee gap for the manager to cover.
No index to hold it to: results hinge on the team's calls, and the mandate pins only 80% of net assets to fixed-income instruments.
Emerging-market and foreign bonds add credit and currency variables a US-only aggregate fund doesn't carry.

Full ICSH profile⁠

Full LDUR profile⁠

ICSH vs LDUR Holdings

How ICSH and LDUR differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile83.2%
Asset classBonds100%

Sector

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

Country, concentration and asset class

Country by domicile

Country weights in ICSH and LDUR, widest gap first
Country	Gap	ICSH	LDUR
Cayman Islands	LDUR +10.1 points	0.0%	10.1%
Sweden	ICSH +3.3 points	3.3%	0.0%
Australia	ICSH +2.9 points	3.9%	1.0%
New Zealand	ICSH +2.4 points	2.4%	0.0%
Canada	ICSH +2.3 points	4.6%	2.3%
United States	LDUR +1.8 points	73.6%	75.4%
Israel	LDUR +1.8 points	0.0%	1.8%
Switzerland	ICSH +1.7 points	1.7%	0.0%
Other countries (17)	ICSH +1.1 points	10.5%	9.4%

Outside the US: ICSH 100% developed, 0% emerging. LDUR 45% developed, 55% emerging.

Concentration

Weight in the 10 largest Holdings

ICSH10.1%
LDUR21.9%

Securities held

ICSH400
LDUR655

Asset class

ICSH: Bonds
LDUR: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ICSH holds 400 securities, LDUR 655.

All 250 ICSH holdings⁠All 492 LDUR 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.

ICSH vs LDUR Cost

Overpaying LDUR vs ICSH

$8,476

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

ICSH 0.08%
$1,689
LDUR 0.51%
$10,165

Amount$10,000

Years30 years

Cost over time

ICSH 0.08%
LDUR 0.51%
Overpaying

Year by year

Year	ICSH	LDUR	Overpaying
10	$147	$918	$771
20	$575	$3,527	$2,952
30	$1,689	$10,165	$8,476

Expense ratio

0.08%ICSH, cheaper
0.51%LDUR

ICSH0.08%LDUR0.51%

0.03%1.00%

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

ICSH 10th cheapest of 78 funds

LDUR 77th cheapest of 78 funds

ICSH vs LDUR Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ICSH 4.12%; LDUR 4.18%, better
Payout (12M): ICSH $2.07; LDUR $3.95
Last payment: ICSH $0.18; LDUR $0.34
Ex-dividend: ICSH Nov 2, 2026; LDUR Nov 2, 2026
Paid on: ICSH Nov 5, 2026; LDUR Nov 4, 2026
Frequency: ICSH Monthly; LDUR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ICSHMonthly · 46 paymentsAll ICSH payments⁠

LDURMonthly · 46 paymentsAll LDUR payments⁠

ICSH vs LDUR Risk

Fall from peak · 5 years

ICSH
LDUR

Risk facts

VolatilityStd dev, 3 years: ICSH 0.4%, betterLDUR 1.6%
Return per unit of riskSharpe ratio, 3 years: ICSH 0.87, betterLDUR 0.31
Worst fallMax drawdown, 5 years: ICSH −0.7%, betterLDUR −6.4%
Market sensitivityBeta, 5 years: ICSH 0.04LDUR 0.20; Market = 1

Popular comparisons

ICSHAvsSGOVA
iShares Ultra Short Duration Bond Active ETF · iShares 0-3 Month Treasury Bond ETF
Expense ratio
0.08% · 0.09%
Category
LDURCvsCLIPA
PIMCO Enhanced Low Duration Active Exchange-Traded Fund · Global X 1-3 Month T-Bill ETF
Expense ratio
0.51% · 0.07%
Category
ICSHAvsJPSTA
iShares Ultra Short Duration Bond Active ETF · JPMorgan Ultra-Short Income ETF
Expense ratio
0.08% · 0.18%
Category
LDURCvsVBILA
PIMCO Enhanced Low Duration Active Exchange-Traded Fund · Vanguard 0-3 Month Treasury Bill ETF
Expense ratio
0.51% · 0.06%
Category
ICSHAvsVUSBA
iShares Ultra Short Duration Bond Active ETF · Vanguard Ultra-Short Bond ETF
Expense ratio
0.08% · 0.10%
Category
LDURCvsVUSBA
PIMCO Enhanced Low Duration Active Exchange-Traded Fund · Vanguard Ultra-Short Bond ETF
Expense ratio
0.51% · 0.10%
Category