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ICSH vs TRSY

iShares Ultra Short Duration Bond Active ETF

ICSHACboe

Xtrackers US 0-1 Year Treasury ETF

TRSYACboe

Overlap

No data

Expense ratio

TRSY −0.02pt a year

ICSH0.08%TRSY0.06%

Avg volume · 30D

ICSH 49.6×the volume

ICSH1.64MTRSY33.2K

ICSH vs TRSY Performance

Oct 31, 2025 – Nov 2, 2026

+3.7%ICSH+3.6%TRSY

Oct 31, 2025 to Nov 2, 2026. ICSH +3.7%. TRSY +3.6%. Use the arrow keys to read each point.0%1%2%Oct 2025May 2026Nov 2026
Expense ratio
ICSH 0.08%
TRSY 0.06%, better
Fund size
ICSH $8.97B
TRSY $103M
1Y total return
ICSH +3.7%, better
TRSY +3.6%
Yield (12M)
ICSH 4.50%, better
TRSY 3.75%
Holdings
ICSH 408
TRSY 89
Avg volume (30D)
ICSH 1.64M sh, better
TRSY 33.2K sh
NAV per share
ICSH $50.47
TRSY $30.22
52W range

ETF.net Grade

ICSH: Cost 89, Risk 50, Mission 100, Tradability 76, Holdings 95, Durability 90. TRSY: Cost 95, Risk 48, Mission 100, Tradability 56, Holdings 61, Durability 34.
Pillar letters and Scores for ICSH, TRSY, with each pillar’s weight
PillarICSHTRSY
Cost30% weightA89A95Higher
Mission25% weightA100A100
Risk15% weightC50HigherC48
Tradability15% weightA76HigherB56
Holdings10% weightA95HigherB61
Durability5% weightA90HigherD34

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. ICSH and TRSY 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 TRSY 13th 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 13ADUSBDimensional Ultrashort Fixed Income ETFScore 76
  4. Rank 13ATRSYXtrackers US 0-1 Year Treasury ETFScore 76
  5. Rank 15ABILSState Street SPDR Bloomberg 3-12 Month T-Bill ETFScore 75

Our read on each fund

ETF.net Research

ICSHAiShares Ultra Short Duration Bond Active ETF

TRSYAXtrackers US 0-1 Year Treasury ETF

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.

TRSY No data

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.

TRSY No data

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.

TRSY No data

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.

TRSY No data

Full ICSH profile⁠

Full TRSY profile⁠

ICSH vs TRSY 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 TRSY Cost

Overpaying ICSH vs TRSY

$419

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

  • ICSH 0.08%

    $1,689

  • TRSY 0.06%

    $1,270

$10,000
30 years

Cost over time

  • ICSH 0.08%
  • TRSY 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K051015202530ICSH $1,689TRSY $1,270

Year by year

YearICSHTRSYOverpaying
10$147$110$37
20$575$432$143
30$1,689$1,270$419

Expense ratio

  • 0.08%ICSH
  • 0.06%TRSY, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

TRSY 6th cheapest of 78 funds

ICSH 10th cheapest of 78 funds

ICSH vs TRSY Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
ICSH 4.50%, better
TRSY 3.75%
Payout (12M)
ICSH $2.26
TRSY $1.13
Last payment
ICSH $0.18
TRSY $0.10
Ex-dividend
ICSH Nov 2, 2026
TRSY Nov 2, 2026
Paid on
ICSH Pays Nov 5, 2026
TRSY Pays Nov 9, 2026
Frequency
ICSH Monthly
TRSY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

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
TRSYMonthly · 24 paymentsAll TRSY payments⁠
One bar per payment. 24 payments from 2023 to 2026 YTD. Dec 2, 2024 $0.11; Dec 23, 2024 $0.18; Feb 3, 2025 $0.11; Mar 3, 2025 $0.09; Apr 1, 2025 $0.10; May 1, 2025 $0.08; Jun 2, 2025 $0.10; Jul 1, 2025 $0.11; Aug 1, 2025 $0.11; Sep 2, 2025 $0.10; Oct 1, 2025 $0.12; Nov 3, 2025 $0.10; Dec 1, 2025 $0.09; Dec 22, 2025 $0.10; Feb 2, 2026 $0.09; Mar 2, 2026 $0.08; Apr 1, 2026 $0.06; May 1, 2026 $0.09; Jun 1, 2026 $0.09; Jul 1, 2026 $0.09; Aug 3, 2026 $0.07; Sep 1, 2026 $0.09; Oct 1, 2026 $0.09; Nov 2, 2026 $0.10. Use the arrow keys to read each point.$0$0.2520232026YTD

ICSH vs TRSY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ICSH 0.4%TRSY 0.2%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
ICSH 0.87TRSY −0.48since Nov 2024
Worst fallMax drawdown, 5 years
ICSH −0.7%TRSY −0.8%since Oct 2024
Market sensitivityBeta, 5 years
ICSH 0.04TRSY 0.02

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