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ICSH vs VNLA: Differences, Returns & Fees

On Jul 31, 2026 ICSH's duration was 0.7 years and VNLA's 0.8; ICSH charges 0.08% to VNLA's 0.23%. Net assets: $9.0bn on Oct 20, 2026 for iShares Ultra Short Duration Bond Active ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.

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Answers cite the figures on this page.

ICSH costs 0.15 points a year less; their one-year returns differ by 0.1 points; ICSH is 2.4 times larger.

ICSH vs VNLA: Differences, Returns & Fees
ICSHVNLA
Expense ratio0.08%0.23%
Net assets, as of Jul 31, 2026$8.1bn$3.3bn
Total return, 1 year+3.5%+3.6%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common4%

Holdings in common uses holdings dated Jul 31, 2026.

+3.5%
ICSH total return, 1 year
+3.6%
VNLA total return, 1 year
0.08%
ICSH expense ratio
0.23%
VNLA expense ratio

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Client brief · page 1 of 2Report BR-DF400909B4

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

  1. Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026).
  2. Cost. ICSH charges 0.08% of assets a year and VNLA 0.23%, a gap of 0.15 points.
  3. What each follows (similar). Both follow No index, actively managed.

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, ICSH and VNLA hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

4% in common

Positions both hold, largest shared weight first
Holding ICSH VNLA
Athene Global Funding, due May 9, 2028 0.64% 0.60%
UBS AG/Stamford CT, due May 17, 2027 0.60% 0.42%
Goldman Sachs Bank USA/New York NY, due Jun 3, 2029 0.47% 0.39%
Hyundai Capital America, due Jan 8, 2029 0.32% 0.26%
JPMorgan Chase & Co, due Apr 22, 2028 0.24% 0.47%
Wells Fargo & Co, due May 20, 2029 0.23% 0.75%
Volkswagen Group of America Finance LLC, due Sep 11, 2027 0.22% 0.24%
Morgan Stanley, due Jul 12, 2029 0.21% 0.20%
Hyundai Capital America, due Sep 21, 2026 0.19% 0.37%
NTT Finance Corp, due Jul 16, 2027 0.19% 0.17%
Hyundai Capital America, due Mar 25, 2027 0.18% 0.15%
Hyundai Capital America, due Sep 18, 2028 0.14% 0.14%
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%
Only in VNLA
Global Payments, Inc., due Aug 3, 2026 1.59%
Antero Resources Corp., due Aug 3, 2026 1.48%
Morgan Stanley Bank NA, due Jan 14, 2028 1.31%
HCA, Inc., due Aug 3, 2026 1.04%
Ares Capital Corp., due Aug 24, 2026 0.93%
Fidelity National Information Services, Inc., due Aug 4, 2026 0.91%
Ares Capital Corp., due Aug 11, 2026 0.90%
Enbridge, Inc., due Aug 27, 2026 0.88%

Check overlap with more funds →

On the same fields

ICSH
iShares Ultra Short Duration Bond Active ETF
VNLA
Janus Henderson Short Duration Income ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Janus Henderson
What it is Actively managed Actively managed
Total return, 1 year +3.5% +3.6%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +5.5 pts vs AGG
Expense ratio 0.08% 0.23%
Holdings 407 336
Net assets, ICSH as of Oct 20, 2026 and VNLA as of Jul 31, 2026 $9.0bn $3.3bn

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

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.

About VNLA

VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.

Questions people ask

Which returned more over the last year, ICSH or VNLA?
In the year to Oct 20, 2026, with distributions reinvested, ICSH returned +3.5% and VNLA +3.6%.
Which is cheaper, ICSH or VNLA?
ICSH is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLRN vs ICSHFLTR vs ICSHBSCQ vs ICSHBILS vs ICSHSHV vs VNLAJPST vs VNLABIL vs VNLASGOV vs VNLA
ICSH on its own →VNLA on its own →Hold both: look the portfolio through →Rankings →ICSH dividend history →ICSH holdings →VNLA dividend history →VNLA holdings →Standards and sources →
Where these figures came from
ICSH filings on SEC EDGAR ↗ICSH prospectus with the expense ratio (SEC) ↗iShares page for ICSH ↗VNLA filings on SEC EDGAR ↗VNLA prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗

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

Open data

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