ALIL vs. CSB

Last updated Jun 24, 2026

ALIL (Argent Focused Small Cap ETF) and CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) are both Small Cap Blend Equities funds. ALIL is actively managed, while CSB is passively managed. Over the past year, ALIL returned 16.19% vs 20.88% for CSB. A 0.78 correlation means they provide meaningful diversification when combined. ALIL charges 0.74%/yr vs 0.35%/yr for CSB.

Performance

ALIL vs. CSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argent Focused Small Cap ETF (ALIL) and VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ALIL having a 11.27% return and CSB slightly higher at 11.28%.

ALIL

• 1D: -1.86%
• 1M: 5.55%
• YTD: 11.27%
• 6M: 8.99%
• 1Y: 16.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSB

• 1D: 1.01%
• 1M: 0.76%
• YTD: 11.28%
• 6M: 10.03%
• 1Y: 20.88%
• 3Y*: 12.91%
• 5Y*: 4.69%
• 10Y*: 10.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALIL vs. CSB - Yearly Performance Comparison

	2026 (YTD)	2025
ALIL Argent Focused Small Cap ETF	11.27%	16.27%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	11.28%	20.79%

Correlation

The correlation between ALIL and CSB is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 9, 2025	0.78

The correlation between ALIL and CSB has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

Return for Risk

ALIL vs. CSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALIL

ALIL Risk / Return Rank: 27
ALIL Sharpe Ratio Rank: 26
ALIL Sortino Ratio Rank: 27
ALIL Omega Ratio Rank: 23
ALIL Calmar Ratio Rank: 28
ALIL Martin Ratio Rank: 29

CSB

CSB Risk / Return Rank: 49
CSB Sharpe Ratio Rank: 44
CSB Sortino Ratio Rank: 46
CSB Omega Ratio Rank: 42
CSB Calmar Ratio Rank: 63
CSB Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALIL vs. CSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argent Focused Small Cap ETF (ALIL) and VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALIL	CSB	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.45	-0.60
Sortino ratio: Return per unit of downside risk	1.38	2.20	-0.82
Omega ratio: Gain probability vs. loss probability	1.15	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	1.29	2.92	-1.63
Martin ratio: Return relative to average drawdown	3.77	8.44	-4.67

ALIL vs. CSB - Sharpe Ratio Comparison

The current ALIL Sharpe Ratio is 0.85, which is lower than the CSB Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of ALIL and CSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALIL vs. CSB - Drawdown Comparison

The maximum ALIL drawdown since its inception was -12.60%, smaller than the maximum CSB drawdown of -42.07%. Use the drawdown chart below to compare losses from any high point for ALIL and CSB.

Drawdown Indicators

	ALIL	CSB	Difference
Max Drawdown Largest peak-to-trough decline	-12.60%	-42.07%	+29.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-7.18%	-5.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.07%	—
Current Drawdown Current decline from peak	-1.86%	-0.75%	-1.11%
Average Drawdown Average peak-to-trough decline	-3.07%	-7.11%	+4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	2.48%	+1.83%

Volatility

ALIL vs. CSB - Volatility Comparison

Argent Focused Small Cap ETF (ALIL) has a higher volatility of 6.72% compared to VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) at 3.79%. This indicates that ALIL's price experiences larger fluctuations and is considered to be riskier than CSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALIL	CSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	3.79%	+2.93%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	9.28%	+4.88%
Volatility (1Y) Calculated over the trailing 1-year period	19.10%	14.48%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	18.71%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	21.31%	-0.52%

ALIL vs. CSB - Expense Ratio Comparison

ALIL has a 0.74% expense ratio, which is higher than CSB's 0.35% expense ratio.

Dividends

ALIL vs. CSB - Dividend Comparison

ALIL's dividend yield for the trailing twelve months is around 0.42%, less than CSB's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALIL Argent Focused Small Cap ETF	0.42%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	3.22%	3.54%	3.12%	3.45%	3.60%	3.11%	3.70%	3.19%	3.45%	3.19%	2.85%	1.57%

Frequently Asked Questions

Can I hold both ALIL and CSB in my portfolio?

ALIL and CSB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALIL or CSB?

ALIL has higher volatility (6.72%) compared to CSB (3.79%). In terms of maximum drawdown, ALIL dropped -12.60% vs CSB's -42.07%.

Which ETF is better, ALIL or CSB?

On 1-year performance, CSB leads with 20.88% vs 16.19% for ALIL. On fees, CSB is cheaper at 0.35% per year. On volatility, CSB has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALIL or CSB?

Over the 1-year period, CSB has performed better with a 20.88% return vs 16.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALIL or CSB?

CSB is cheaper with a 0.35% expense ratio, compared with 0.74% for ALIL.

Which ETF pays a higher dividend yield, ALIL or CSB?

CSB has the higher dividend yield at 3.22%, compared with 0.42% for ALIL.

What is the main difference between ALIL and CSB?

They also come from different issuers: Argent and Crestview. Their fees differ too: 0.74% for ALIL and 0.35% for CSB.

Which has better risk-adjusted returns?

CSB currently has the higher Sharpe Ratio (1.45 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.