BULZ vs. CSPI
BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) is Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%), while CSPI (CSP Inc.) is a stock. Over the past 3 years, BULZ returned 74.62%/yr vs 9.44%/yr for CSPI. At a 0.22 correlation, their price movements are largely independent.
Performance
BULZ vs. CSPI - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 42.05% return, which is significantly higher than CSPI's -29.86% return.
BULZ
- 1D
- -11.88%
- 1M
- -15.57%
- YTD
- 42.05%
- 6M
- 35.20%
- 1Y
- 135.83%
- 3Y*
- 74.62%
- 5Y*
- —
- 10Y*
- —
CSPI
- 1D
- 2.35%
- 1M
- -10.94%
- YTD
- -29.86%
- 6M
- -32.51%
- 1Y
- -17.98%
- 3Y*
- 9.44%
- 5Y*
- 9.34%
- 10Y*
- 9.77%
BULZ vs. CSPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 42.05% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
CSPI CSP Inc. | -29.86% | -21.55% | 66.06% | 108.93% | 8.03% | -1.01% |
Correlation
The correlation between BULZ and CSPI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021 | 0.22 |
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Return for Risk
BULZ vs. CSPI — Risk / Return Rank
BULZ
CSPI
BULZ vs. CSPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and CSP Inc. (CSPI). 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.
| BULZ | CSPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.39 | +2.91 |
| Martin ratioReturn relative to average drawdown | 6.50 | -0.68 | +7.18 |
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Drawdowns
BULZ vs. CSPI - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, which is greater than CSPI's maximum drawdown of -84.50%. Use the drawdown chart below to compare losses from any high point for BULZ and CSPI.
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Drawdown Indicators
| BULZ | CSPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -84.50% | -9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -46.62% | -7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -67.96% | -71.08% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.08% | — |
Current DrawdownCurrent decline from peak | -33.07% | -68.18% | +35.11% |
Average DrawdownAverage peak-to-trough decline | -58.02% | -44.45% | -13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.98% | 26.38% | -5.40% |
Volatility
BULZ vs. CSPI - Volatility Comparison
MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a higher volatility of 35.31% compared to CSP Inc. (CSPI) at 16.74%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than CSPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BULZ | CSPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.31% | 16.74% | +18.57% |
Volatility (6M)Calculated over the trailing 6-month period | 63.55% | 35.25% | +28.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.03% | 56.05% | +23.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.84% | 66.83% | +25.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.84% | 59.58% | +32.26% |
Dividends
BULZ vs. CSPI - Dividend Comparison
BULZ has not paid dividends to shareholders, while CSPI's dividend yield for the trailing twelve months is around 1.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSPI CSP Inc. | 1.38% | 0.96% | 0.72% | 0.77% | 0.64% | 0.00% | 1.94% | 5.75% | 3.77% | 3.48% | 3.12% | 6.34% |
Frequently Asked Questions
BULZ and CSPI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULZ has higher volatility (35.31%) compared to CSPI (16.74%). In terms of maximum drawdown, BULZ dropped -94.44% vs CSPI's -84.50%.
BULZ currently has the higher Sharpe Ratio (1.71 vs -0.32), 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.
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