CCSO vs. CTEF

Last updated Jun 24, 2026

CCSO (Carbon Collective Climate Solutions U.S. Equity ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, CCSO returned 26.08% vs 81.04% for CTEF. A 0.72 correlation means they provide meaningful diversification when combined. CCSO charges 0.35%/yr vs 0.45%/yr for CTEF.

Performance

CCSO vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCSO achieves a 12.49% return, which is significantly lower than CTEF's 36.91% return.

CCSO

• 1D: -2.36%
• 1M: -2.04%
• YTD: 12.49%
• 6M: 10.17%
• 1Y: 26.08%
• 3Y*: 14.50%
• 5Y*: —
• 10Y*: —

CTEF

• 1D: -2.45%
• 1M: 13.53%
• YTD: 36.91%
• 6M: 33.85%
• 1Y: 81.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CCSO vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	12.49%	13.42%
CTEF Castellan Targeted Equity ETF	36.91%	33.10%

Correlation

The correlation between CCSO and CTEF 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 (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.72

The correlation between CCSO and CTEF has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.

Return for Risk

CCSO vs. CTEF — Risk / Return Rank

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

CCSO

CCSO Risk / Return Rank: 38
CCSO Sharpe Ratio Rank: 35
CCSO Sortino Ratio Rank: 33
CCSO Omega Ratio Rank: 32
CCSO Calmar Ratio Rank: 49
CCSO Martin Ratio Rank: 41

CTEF

CTEF Risk / Return Rank: 93
CTEF Sharpe Ratio Rank: 96
CTEF Sortino Ratio Rank: 94
CTEF Omega Ratio Rank: 92
CTEF Calmar Ratio Rank: 91
CTEF Martin Ratio Rank: 94

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.

CCSO vs. CTEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and Castellan Targeted Equity ETF (CTEF). 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.

	CCSO	CTEF	Difference
Sharpe ratio: Return per unit of total volatility	1.17	3.60	-2.43
Sortino ratio: Return per unit of downside risk	1.67	4.48	-2.81
Omega ratio: Gain probability vs. loss probability	1.21	1.57	-0.37
Calmar ratio: Return relative to maximum drawdown	2.25	5.43	-3.18
Martin ratio: Return relative to average drawdown	6.30	25.12	-18.83

CCSO vs. CTEF - Sharpe Ratio Comparison

The current CCSO Sharpe Ratio is 1.17, which is lower than the CTEF Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of CCSO and CTEF, 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

CCSO vs. CTEF - Drawdown Comparison

The maximum CCSO drawdown since its inception was -23.69%, which is greater than CTEF's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for CCSO and CTEF.

Drawdown Indicators

	CCSO	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-15.00%	-8.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-15.00%	+3.38%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	—	—
Current Drawdown Current decline from peak	-7.75%	-2.45%	-5.30%
Average Drawdown Average peak-to-trough decline	-7.18%	-1.75%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	3.24%	+0.91%

Volatility

CCSO vs. CTEF - Volatility Comparison

Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and Castellan Targeted Equity ETF (CTEF) have volatilities of 9.06% and 9.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSO	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.06%	9.15%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	17.69%	19.03%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	22.64%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	22.56%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	22.56%	+0.80%

CCSO vs. CTEF - Expense Ratio Comparison

CCSO has a 0.35% expense ratio, which is lower than CTEF's 0.45% expense ratio.

Dividends

CCSO vs. CTEF - Dividend Comparison

CCSO's dividend yield for the trailing twelve months is around 0.56%, more than CTEF's 0.06% yield.

Position	TTM	2025	2024	2023	2022
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	0.56%	0.63%	0.53%	0.80%	0.24%
CTEF Castellan Targeted Equity ETF	0.06%	0.08%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CCSO and CTEF in my portfolio?

CCSO and CTEF 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.

Which is riskier, CCSO or CTEF?

CTEF has higher volatility (9.15%) compared to CCSO (9.06%). In terms of maximum drawdown, CCSO dropped -23.69% vs CTEF's -15.00%.

Which ETF is better, CCSO or CTEF?

On 1-year performance, CTEF leads with 81.04% vs 26.08% for CCSO. On fees, CCSO is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSO or CTEF?

Over the 1-year period, CTEF has performed better with a 81.04% return vs 26.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSO or CTEF?

CCSO is cheaper with a 0.35% expense ratio, compared with 0.45% for CTEF.

Which ETF pays a higher dividend yield, CCSO or CTEF?

CCSO has the higher dividend yield at 0.56%, compared with 0.06% for CTEF.

What is the main difference between CCSO and CTEF?

They also come from different issuers: Carbon Collective and Castellan. Their fees differ too: 0.35% for CCSO and 0.45% for CTEF.

Which has better risk-adjusted returns?

CTEF currently has the higher Sharpe Ratio (3.60 vs 1.17), 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.