CCSB vs. TSEC

Last updated Jun 27, 2026

CCSB (Carbon Collective Short Duration Green Bond ETF) and TSEC (Touchstone Securitized Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, CCSB returned 2.47% vs 5.61% for TSEC. At a 0.25 correlation, their price movements are largely independent. CCSB charges 0.51%/yr vs 0.40%/yr for TSEC.

Performance

CCSB vs. TSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carbon Collective Short Duration Green Bond ETF (CCSB) and Touchstone Securitized Income ETF (TSEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCSB achieves a 1.40% return, which is significantly lower than TSEC's 1.83% return.

CCSB

• 1D: 0.10%
• 1M: 0.52%
• YTD: 1.40%
• 6M: 1.13%
• 1Y: 2.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSEC

• 1D: 0.06%
• 1M: 0.69%
• YTD: 1.83%
• 6M: 2.01%
• 1Y: 5.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CCSB vs. TSEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CCSB Carbon Collective Short Duration Green Bond ETF	1.40%	4.37%	3.89%
TSEC Touchstone Securitized Income ETF	1.83%	7.47%	5.52%

Correlation

The correlation between CCSB and TSEC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024	0.25

Return for Risk

CCSB vs. TSEC — Risk / Return Rank

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

CCSB

CCSB Risk / Return Rank: 12
CCSB Sharpe Ratio Rank: 11
CCSB Sortino Ratio Rank: 10
CCSB Omega Ratio Rank: 20
CCSB Calmar Ratio Rank: 11
CCSB Martin Ratio Rank: 10

TSEC

TSEC Risk / Return Rank: 78
TSEC Sharpe Ratio Rank: 78
TSEC Sortino Ratio Rank: 80
TSEC Omega Ratio Rank: 89
TSEC Calmar Ratio Rank: 76
TSEC Martin Ratio Rank: 69

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.

CCSB vs. TSEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Short Duration Green Bond ETF (CCSB) and Touchstone Securitized Income ETF (TSEC). 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.

	CCSB	TSEC	Difference
Sharpe ratio: Return per unit of total volatility	0.13	2.14	-2.01
Sortino ratio: Return per unit of downside risk	0.34	3.09	-2.76
Omega ratio: Gain probability vs. loss probability	1.13	1.49	-0.36
Calmar ratio: Return relative to maximum drawdown	0.17	3.36	-3.19
Martin ratio: Return relative to average drawdown	0.23	10.96	-10.73

CCSB vs. TSEC - Sharpe Ratio Comparison

The current CCSB Sharpe Ratio is 0.13, which is lower than the TSEC Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of CCSB and TSEC, 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

CCSB vs. TSEC - Drawdown Comparison

The maximum CCSB drawdown since its inception was -14.95%, which is greater than TSEC's maximum drawdown of -1.78%. Use the drawdown chart below to compare losses from any high point for CCSB and TSEC.

Drawdown Indicators

	CCSB	TSEC	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-1.78%	-13.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	-1.67%	-13.28%
Current Drawdown Current decline from peak	-11.00%	0.00%	-11.00%
Average Drawdown Average peak-to-trough decline	-4.55%	-0.33%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	0.51%	+10.22%

Volatility

CCSB vs. TSEC - Volatility Comparison

Carbon Collective Short Duration Green Bond ETF (CCSB) has a higher volatility of 0.98% compared to Touchstone Securitized Income ETF (TSEC) at 0.39%. This indicates that CCSB's price experiences larger fluctuations and is considered to be riskier than TSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSB	TSEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.39%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	5.27%	1.56%	+3.71%
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	2.64%	+16.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.24%	2.87%	+10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.24%	2.87%	+10.37%

CCSB vs. TSEC - Expense Ratio Comparison

CCSB has a 0.51% expense ratio, which is higher than TSEC's 0.40% expense ratio.

Dividends

CCSB vs. TSEC - Dividend Comparison

CCSB's dividend yield for the trailing twelve months is around 4.59%, less than TSEC's 7.26% yield.

Position	TTM	2025	2024	2023
CCSB Carbon Collective Short Duration Green Bond ETF	4.59%	4.79%	3.16%	0.00%
TSEC Touchstone Securitized Income ETF	7.26%	6.47%	5.83%	2.86%

Frequently Asked Questions

Can I hold both CCSB and TSEC in my portfolio?

CCSB and TSEC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCSB or TSEC?

CCSB has higher volatility (0.98%) compared to TSEC (0.39%). In terms of maximum drawdown, CCSB dropped -14.95% vs TSEC's -1.78%.

Which ETF is better, CCSB or TSEC?

On 1-year performance, TSEC leads with 5.61% vs 2.47% for CCSB. On fees, TSEC is cheaper at 0.40% per year. On volatility, TSEC has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSB or TSEC?

Over the 1-year period, TSEC has performed better with a 5.61% return vs 2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSB or TSEC?

TSEC is cheaper with a 0.40% expense ratio, compared with 0.51% for CCSB.

Which ETF pays a higher dividend yield, CCSB or TSEC?

TSEC has the higher dividend yield at 7.26%, compared with 4.59% for CCSB.

What is the main difference between CCSB and TSEC?

They also come from different issuers: Carbon Collective and Touchstone. Their fees differ too: 0.51% for CCSB and 0.40% for TSEC.

Which has better risk-adjusted returns?

TSEC currently has the higher Sharpe Ratio (2.14 vs 0.13), 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.