CCSO vs. TUSA

Last updated Jun 5, 2026

CCSO (Carbon Collective Climate Solutions U.S. Equity ETF) and TUSA (First Trust Total US Market AlphaDEX ETF) are both Mid Cap Blend Equities funds. CCSO is actively managed, while TUSA is passively managed. Over the past 3 years, CCSO returned 18.13%/yr vs 16.73%/yr for TUSA. A 0.65 correlation means they provide meaningful diversification when combined. CCSO charges 0.35%/yr vs 0.70%/yr for TUSA.

Performance

CCSO vs. TUSA - 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 First Trust Total US Market AlphaDEX ETF (TUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCSO achieves a 20.39% return, which is significantly higher than TUSA's 7.45% return.

CCSO

• 1D: -0.01%
• 1M: 3.23%
• YTD: 20.39%
• 6M: 17.54%
• 1Y: 36.05%
• 3Y*: 18.13%
• 5Y*: —
• 10Y*: —

TUSA

• 1D: 0.85%
• 1M: -1.71%
• YTD: 7.45%
• 6M: 7.32%
• 1Y: 19.84%
• 3Y*: 16.73%
• 5Y*: 6.50%
• 10Y*: 10.84%

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

CCSO vs. TUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	20.39%	21.79%	3.89%	14.58%	-11.56%
TUSA First Trust Total US Market AlphaDEX ETF	7.45%	13.64%	11.12%	11.75%	2.38%

Correlation

The correlation between CCSO and TUSA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 21, 2022	0.65

Over the past year, the correlation between CCSO and TUSA has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

CCSO vs. TUSA - Sectors Allocation Comparison

Sectors	CCSO	TUSA
Industrials	53.5%	19.8%
Basic Materials	15.2%	14.1%
Consumer Cyclical	9.3%	16.0%
Technology	8.3%	6.1%
Energy	7.0%	1.9%
Utilities	6.2%	7.5%
Financial Services	0.4%	31.9%
Consumer Defensive	0.1%	4.1%
Communication Services	-	2.0%
Healthcare	-	2.0%
Real Estate	-	2.1%

Return for Risk

CCSO vs. TUSA — Risk / Return Rank

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

CCSO

CCSO Risk / Return Rank: 52
CCSO Sharpe Ratio Rank: 50
CCSO Sortino Ratio Rank: 48
CCSO Omega Ratio Rank: 45
CCSO Calmar Ratio Rank: 64
CCSO Martin Ratio Rank: 55

TUSA

TUSA Risk / Return Rank: 49
TUSA Sharpe Ratio Rank: 45
TUSA Sortino Ratio Rank: 48
TUSA Omega Ratio Rank: 43
TUSA Calmar Ratio Rank: 62
TUSA Martin Ratio Rank: 49

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. TUSA - 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 First Trust Total US Market AlphaDEX ETF (TUSA). 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.

	CCSO	TUSA	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.55	+0.15
Sortino ratio: Return per unit of downside risk	2.35	2.34	+0.01
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	3.12	3.03	+0.08
Martin ratio: Return relative to average drawdown	9.28	8.12	+1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCSO vs. TUSA - Sharpe Ratio Comparison

The current CCSO Sharpe Ratio is 1.69, which is comparable to the TUSA Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of CCSO and TUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CCSO	TUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.55	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.32	+0.22

Drawdowns

CCSO vs. TUSA - Drawdown Comparison

The maximum CCSO drawdown since its inception was -23.69%, smaller than the maximum TUSA drawdown of -56.53%. Use the drawdown chart below to compare losses from any high point for CCSO and TUSA.

Drawdown Indicators

	CCSO	TUSA	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-56.53%	+32.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-6.57%	-5.05%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	-18.04%	-5.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.47%	—
Current Drawdown Current decline from peak	-1.27%	-3.65%	+2.38%
Average Drawdown Average peak-to-trough decline	-7.01%	-9.87%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	2.45%	+1.44%

Volatility

CCSO vs. TUSA - Volatility Comparison

Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) has a higher volatility of 7.15% compared to First Trust Total US Market AlphaDEX ETF (TUSA) at 3.58%. This indicates that CCSO's price experiences larger fluctuations and is considered to be riskier than TUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSO	TUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	3.58%	+3.57%
Volatility (6M) Calculated over the trailing 6-month period	16.47%	8.90%	+7.57%
Volatility (1Y) Calculated over the trailing 1-year period	21.38%	12.90%	+8.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.17%	17.65%	+5.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.17%	20.14%	+3.03%

CCSO vs. TUSA - Expense Ratio Comparison

CCSO has a 0.35% expense ratio, which is lower than TUSA's 0.70% expense ratio.

Dividends

CCSO vs. TUSA - Dividend Comparison

CCSO's dividend yield for the trailing twelve months is around 0.53%, less than TUSA's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	0.53%	0.63%	0.53%	0.80%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TUSA First Trust Total US Market AlphaDEX ETF	1.64%	1.59%	2.05%	2.15%	2.31%	0.72%	0.99%	1.13%	1.14%	0.79%	1.24%	0.95%

Frequently Asked Questions

Can I hold both CCSO and TUSA in my portfolio?

CCSO and TUSA have a correlation of 0.44, 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 TUSA?

CCSO has higher volatility (7.15%) compared to TUSA (3.58%). In terms of maximum drawdown, CCSO dropped -23.69% vs TUSA's -56.53%.

Which ETF is better, CCSO or TUSA?

On 3-year performance, CCSO leads with 18.13% vs 16.73% for TUSA. On fees, CCSO is cheaper at 0.35% per year. On volatility, TUSA has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSO or TUSA?

Over the 3-year period, CCSO has performed better with a 18.13% return vs 16.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSO or TUSA?

CCSO is cheaper with a 0.35% expense ratio, compared with 0.70% for TUSA.

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

TUSA has the higher dividend yield at 1.64%, compared with 0.53% for CCSO.

What is the main difference between CCSO and TUSA?

They also come from different issuers: Carbon Collective and First Trust. Their fees differ too: 0.35% for CCSO and 0.70% for TUSA.

Which has better risk-adjusted returns?

CCSO currently has the higher Sharpe Ratio (1.69 vs 1.55), 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.