ALIL vs. CVSM

Last updated Jul 15, 2026

ALIL (Argent Focused Small Cap ETF) and CVSM (CresAlta Small & Mid-Cap ETF) are both Small Cap Blend Equities funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. ALIL charges 0.74%/yr vs 0.55%/yr for CVSM.

Performance

ALIL vs. CVSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argent Focused Small Cap ETF (ALIL) and CresAlta Small & Mid-Cap ETF (CVSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALIL

• 1D: 1.20%
• 1M: -1.76%
• 6M: 3.65%
• YTD: 8.74%
• 1Y: 9.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSM

• 1D: 0.03%
• 1M: -1.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALIL vs. CVSM - Yearly Performance Comparison

	2026 (YTD)
ALIL Argent Focused Small Cap ETF	4.18%
CVSM CresAlta Small & Mid-Cap ETF	3.17%

Correlation

The correlation between ALIL and CVSM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.46

Return for Risk

ALIL vs. CVSM — Risk / Return Rank

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

ALIL

ALIL Risk / Return Rank: 19
ALIL Sharpe Ratio Rank: 18
ALIL Sortino Ratio Rank: 18
ALIL Omega Ratio Rank: 17
ALIL Calmar Ratio Rank: 20
ALIL Martin Ratio Rank: 21

CVSM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. CVSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argent Focused Small Cap ETF (ALIL) and CresAlta Small & Mid-Cap ETF (CVSM). 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	CVSM	Difference
Sharpe ratio: Return per unit of total volatility	0.47	—	—
Sortino ratio: Return per unit of downside risk	0.83	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.73	—	—
Martin ratio: Return relative to average drawdown	2.07	—	—

Drawdowns

ALIL vs. CVSM - Drawdown Comparison

The maximum ALIL drawdown since its inception was -12.60%, which is greater than CVSM's maximum drawdown of -3.36%. Use the drawdown chart below to compare losses from any high point for ALIL and CVSM.

Drawdown Indicators

	ALIL	CVSM	Difference
Max Drawdown Largest peak-to-trough decline	-12.60%	-3.36%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	—	—
Current Drawdown Current decline from peak	-5.58%	-1.43%	-4.15%
Average Drawdown Average peak-to-trough decline	-3.10%	-1.02%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	—	—

Volatility

Volatility by Period

	ALIL	CVSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	11.04%	+8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	11.04%	+10.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	11.04%	+10.07%

ALIL vs. CVSM - Expense Ratio Comparison

ALIL has a 0.74% expense ratio, which is higher than CVSM's 0.55% expense ratio.

Dividends

ALIL vs. CVSM - Dividend Comparison

ALIL's dividend yield for the trailing twelve months is around 0.43%, more than CVSM's 0.23% yield.

Position	TTM	2025
ALIL Argent Focused Small Cap ETF	0.43%	0.47%
CVSM CresAlta Small & Mid-Cap ETF	0.23%	0.00%

Frequently Asked Questions

Can I hold both ALIL and CVSM in my portfolio?

ALIL and CVSM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALIL or CVSM?

On fees, CVSM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALIL or CVSM?

CVSM is cheaper with a 0.55% expense ratio, compared with 0.74% for ALIL.

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

ALIL has the higher dividend yield at 0.43%, compared with 0.23% for CVSM.

What is the main difference between ALIL and CVSM?

They also come from different issuers: Argent and CresAlta. Their fees differ too: 0.74% for ALIL and 0.55% for CVSM.