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IBDS vs ICSH: Differences, Returns & Fees

On Jul 31, 2026 IBDS's duration was 0.8 years and ICSH's 0.7; ICSH charges 0.08% to IBDS's 0.10%. Net assets on Oct 20, 2026: $4.0bn for iShares iBonds Dec 2027 Term Corporate ETF and $9.0bn for iShares Ultra Short Duration Bond Active ETF.

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Ask IQ about IBDS and ICSH

Answers cite the figures on this page.

ICSH costs 0.02 points a year less; their one-year returns differ by 0.2 points; ICSH is 2.2 times larger.

IBDS vs ICSH: Differences, Returns & Fees
IBDSICSH
Expense ratio0.10%0.08%
Net assets$4.0bn$9.0bn
Total return, 1 year+3.3%+3.5%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in common2%

Holdings in common uses holdings dated Jul 31, 2026.

+3.3%
IBDS total return, 1 year
+3.5%
ICSH total return, 1 year
0.10%
IBDS expense ratio
0.08%
ICSH expense ratio

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Client brief · page 1 of 2Report BR-6E8FAF4E37

IBDS and ICSH are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. IBDS follows not read by ETFIQ and ICSH follows No index, actively managed.
  2. Holdings in common. 2% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 IBDS returned +3.3% and ICSH +3.5% with distributions reinvested, a gap of 0.2 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, IBDS and ICSH hold 2% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

2% in common

Positions both hold, largest shared weight first
Holding IBDS ICSH
Australia & New Zealand Banking Group Ltd., due Jan 18, 2027 0.21% 0.19%
Starbucks Corp, due Feb 8, 2027 0.19% 0.18%
Toyota Motor Credit Corp, due Oct 8, 2027 0.25% 0.17%
Amphenol Corp, due Nov 15, 2027 0.15% 0.33%
NextEra Energy Capital Holdings Inc, due Sep 1, 2027 0.37% 0.12%
Waste Management Inc, due Jul 3, 2027 0.14% 0.12%
Accenture Capital Inc, due Oct 4, 2027 0.20% 0.11%
National Rural Utilities Cooperative Finance Corp, due Dec 10, 2027 0.11% 0.17%
Lowe's Cos Inc, due Oct 15, 2027 0.11% 0.39%
Cooperatieve Rabobank UA/NY, due May 27, 2027 0.10% 0.56%
Stryker Corp, due Feb 10, 2027 0.10% 0.32%
Caterpillar Financial Services Corp, due Jan 7, 2027 0.08% 0.16%
Only in IBDS
T-Mobile USA Inc, due Apr 15, 2027 0.73%
Microsoft Corp, due Feb 6, 2027 0.73%
Citigroup Inc, due Sep 29, 2027 0.72%
Amazon.com Inc, due Aug 22, 2027 0.63%
Morgan Stanley, due Jan 20, 2027 0.55%
Goldman Sachs Group Inc/The, due Jan 26, 2027 0.55%
Oracle Corp, due Nov 15, 2027 0.50%
Meta Platforms Inc, due Aug 15, 2027 0.48%
Only in ICSH
Banco Bilbao Vizcaya Argentaria/New York NY, due Mar 10, 2027 0.91%
BPCE SA, due May 6, 2027 0.91%
Marubeni Finance America LLC, due Aug 7, 2026 0.77%
Cooperatieve Rabobank UA/NY, due Nov 16, 2026 0.74%
Svenska Handelsbanken AB, due Apr 13, 2027 0.72%
Northwestern Mutual Global Funding, due Mar 30, 2029 0.70%
MIZUHO BK LTD NEW YORK BRH INS, due May 26, 2027 0.70%
Toyota Motor Credit Corp, due May 12, 2028 0.68%

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On the same fields

IBDS
iShares iBonds Dec 2027 Term Corporate ETF
ICSH
iShares Ultra Short Duration Bond Active ETF
Where it sits Bond ETF Bond ETF
Issuer iShares iShares
What it is Tracks an index Actively managed
Total return, 1 year +3.3% +3.5%
Expense ratio 0.10% 0.08%
Holdings 647 407
Net assets $4.0bn $9.0bn

IBDS and ICSH on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About IBDS

IBDS tracks an index. Over the year to Oct 20, 2026 it returned +3.3% with distributions reinvested. The prospectus expense ratio is 0.10% a year.

About ICSH

ICSH is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, IBDS or ICSH?
In the year to Oct 20, 2026, with distributions reinvested, IBDS returned +3.3% and ICSH +3.5%.
Which is cheaper, IBDS or ICSH?
ICSH is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
IBDS vs VUSBIBDS vs TBILIBDS vs TFLOFLOT vs IBDSICSH vs RAVIICSH vs VBILICSH vs USFRICSH vs PULS
IBDS on its own →ICSH on its own →Hold both: look the portfolio through →Rankings →IBDS dividend history →IBDS holdings →ICSH dividend history →ICSH holdings →Standards and sources →
Where these figures came from
IBDS filings on SEC EDGAR ↗IBDS prospectus with the expense ratio (SEC) ↗iShares page for IBDS ↗ICSH filings on SEC EDGAR ↗ICSH prospectus with the expense ratio (SEC) ↗iShares page for ICSH ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IBDS against ICSH, data as of Oct 20, 2026. https://etfiq.com/compare/any/ibds-vs-icsh

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.