ATTR vs. CSM

Last updated Jun 4, 2026

ATTR (Arin Tactical Tail Risk ETF) and CSM (Proshares Large Cap Core Plus) are both Long-Short funds. ATTR is actively managed, while CSM is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. ATTR charges 0.63%/yr vs 0.45%/yr for CSM.

Performance

ATTR vs. CSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) and Proshares Large Cap Core Plus (CSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATTR achieves a 4.25% return, which is significantly lower than CSM's 8.62% return.

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSM

• 1D: -0.84%
• 1M: 4.86%
• YTD: 8.62%
• 6M: 9.99%
• 1Y: 28.48%
• 3Y*: 22.04%
• 5Y*: 13.38%
• 10Y*: 14.36%

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

ATTR vs. CSM - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%
CSM Proshares Large Cap Core Plus	8.62%	1.27%

Correlation

The correlation between ATTR and CSM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.84

Return for Risk

ATTR vs. CSM — Risk / Return Rank

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

CSM

CSM Risk / Return Rank: 69
CSM Sharpe Ratio Rank: 72
CSM Sortino Ratio Rank: 72
CSM Omega Ratio Rank: 69
CSM Calmar Ratio Rank: 61
CSM Martin Ratio Rank: 71

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.

ATTR vs. CSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) and Proshares Large Cap Core Plus (CSM). 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.

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

Sharpe Ratios by Period

	ATTR	CSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.40	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.86	+1.95

Drawdowns

ATTR vs. CSM - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum CSM drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for ATTR and CSM.

Drawdown Indicators

	ATTR	CSM	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-36.11%	+34.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.11%	—
Current Drawdown Current decline from peak	-0.19%	-1.18%	+0.99%
Average Drawdown Average peak-to-trough decline	-0.18%	-4.04%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.15%	—

Volatility

Volatility by Period

	ATTR	CSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	11.95%	-8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	17.11%	-14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	18.38%	-15.41%

ATTR vs. CSM - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is higher than CSM's 0.45% expense ratio.

Dividends

ATTR vs. CSM - Dividend Comparison

ATTR has not paid dividends to shareholders, while CSM's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSM Proshares Large Cap Core Plus	1.01%	1.04%	1.06%	1.17%	1.37%	0.78%	1.21%	1.41%	1.54%	1.28%	1.49%	1.67%

Frequently Asked Questions

Can I hold both ATTR and CSM in my portfolio?

ATTR and CSM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or CSM?

On fees, CSM is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or CSM?

CSM is cheaper with a 0.45% expense ratio, compared with 0.63% for ATTR.

Which ETF pays a higher dividend yield, ATTR or CSM?

CSM has the higher dividend yield at 1.01%, compared with 0.00% for ATTR.

What is the main difference between ATTR and CSM?

They also come from different issuers: Arin Risk Advisors and ProShares. Their fees differ too: 0.63% for ATTR and 0.45% for CSM.