BFLX vs. CSM
BFLX (iShares Flexible Equity Active ETF) and CSM (Proshares Large Cap Core Plus) are both Long-Short funds. BFLX is actively managed, while CSM is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. BFLX charges 0.40%/yr vs 0.45%/yr for CSM.
Performance
BFLX vs. CSM - Performance Comparison
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Returns By Period
BFLX
- 1D
- 0.76%
- 1M
- -0.90%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSM
- 1D
- 0.65%
- 1M
- -2.64%
- YTD
- 6.66%
- 6M
- 5.79%
- 1Y
- 22.04%
- 3Y*
- 19.69%
- 5Y*
- 12.53%
- 10Y*
- 14.14%
BFLX vs. CSM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFLX iShares Flexible Equity Active ETF | 0.36% |
CSM Proshares Large Cap Core Plus | 1.04% |
Correlation
The correlation between BFLX and CSM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.72 |
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Return for Risk
BFLX vs. CSM — Risk / Return Rank
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSM
BFLX vs. CSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Equity Active ETF (BFLX) 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.
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.
| BFLX | CSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.36 | — |
| Martin ratioReturn relative to average drawdown | — | 9.69 | — |
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Drawdowns
BFLX vs. CSM - Drawdown Comparison
The maximum BFLX drawdown since its inception was -3.85%, smaller than the maximum CSM drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for BFLX and CSM.
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Drawdown Indicators
| BFLX | CSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -36.11% | +32.26% |
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 DrawdownCurrent decline from peak | -2.39% | -2.95% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -4.03% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.28% | — |
Volatility
BFLX vs. CSM - Volatility Comparison
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Volatility by Period
| BFLX | CSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 12.36% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 17.19% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 18.36% | -3.26% |
BFLX vs. CSM - Expense Ratio Comparison
BFLX has a 0.40% expense ratio, which is lower than CSM's 0.45% expense ratio.
Dividends
BFLX vs. CSM - Dividend Comparison
BFLX has not paid dividends to shareholders, while CSM's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFLX iShares Flexible Equity Active 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 | 1.06% | 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
BFLX and CSM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BFLX is cheaper with a 0.40% expense ratio, compared with 0.45% for CSM.
CSM has the higher dividend yield at 1.06%, compared with 0.00% for BFLX.
They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for BFLX and 0.45% for CSM.
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