CLIX vs. CSM
CLIX (ProShares Long Online/Short Stores ETF) and CSM (Proshares Large Cap Core Plus) are both Long-Short funds from ProShares - CLIX tracks the ProShares Long Online/Short Stores Index while CSM tracks the Credit Suisse 130/30 Large-Cap Index. Both are passively managed. Over the past 5 years, CLIX returned -4.13%/yr vs 12.61%/yr for CSM. Their 0.53 correlation means they have sometimes moved together and sometimes differently. CLIX charges 0.65%/yr vs 0.45%/yr for CSM.
Performance
CLIX vs. CSM - Performance Comparison
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Returns By Period
In the year-to-date period, CLIX achieves a -0.57% return, which is significantly lower than CSM's 9.15% return.
CLIX
- 1D
- 4.48%
- 1M
- 6.07%
- 6M
- 1.59%
- YTD
- -0.57%
- 1Y
- 12.03%
- 3Y*
- 16.69%
- 5Y*
- -4.13%
- 10Y*
- —
- ALL TIME*
- 4.99%
CSM
- 1D
- 0.77%
- 1M
- 1.39%
- 6M
- 8.81%
- YTD
- 9.15%
- 1Y
- 23.59%
- 3Y*
- 19.26%
- 5Y*
- 12.61%
- 10Y*
- 14.08%
- ALL TIME*
- 14.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.27K | $42.87K | $29.25K | |
| $421.46K | $485.98K | $561.72K |
CLIX vs. CSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -0.57% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | 6.34% | -2.43% |
CSM Proshares Large Cap Core Plus | 9.15% | 21.84% | 22.09% | 23.50% | -18.27% | 33.13% | 10.94% | 29.26% | -7.88% | 5.09% |
Correlation
The correlation between CLIX and CSM is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.53 |
The correlation between CLIX and CSM has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
CLIX vs. CSM — Risk / Return Rank
CLIX
CSM
CLIX vs. CSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) 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.
| CLIX | CSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 2.32 | -1.93 |
| Martin ratioReturn relative to average drawdown | 0.95 | 9.34 | -8.39 |
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Drawdowns
CLIX vs. CSM - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than CSM's maximum drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for CLIX and CSM.
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Drawdown Indicators
| CLIX | CSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -36.11% | -37.10% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | -9.40% | -10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -18.30% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -63.54% | -23.82% | -39.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.11% | — |
Current DrawdownCurrent decline from peak | -41.26% | -0.69% | -40.57% |
Average DrawdownAverage peak-to-trough decline | -34.86% | -4.02% | -30.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 2.34% | +5.81% |
Volatility
CLIX vs. CSM - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 6.82% compared to Proshares Large Cap Core Plus (CSM) at 3.59%. This indicates that CLIX's price experiences larger fluctuations and is considered to be riskier than CSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIX | CSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 3.59% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 9.64% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 12.69% | +9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 17.19% | +9.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 18.37% | +7.52% |
CLIX vs. CSM - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is higher than CSM's 0.45% expense ratio.
Dividends
CLIX vs. CSM - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.53%, less than CSM's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.53% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSM Proshares Large Cap Core Plus | 1.04% | 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
CLIX and CSM have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has higher volatility (6.82%) compared to CSM (3.59%). In terms of maximum drawdown, CLIX dropped -73.21% vs CSM's -36.11%.
On 5-year performance, CSM leads with 12.61% vs -4.13% for CLIX. On fees, CSM is cheaper at 0.45% per year. On volatility, CSM has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CSM has performed better with a 12.61% return vs -4.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSM is cheaper with a 0.45% expense ratio, compared with 0.65% for CLIX.
CSM has the higher dividend yield at 1.04%, compared with 0.53% for CLIX.
CLIX tracks ProShares Long Online/Short Stores Index, while CSM tracks Credit Suisse 130/30 Large-Cap Index. Their fees differ too: 0.65% for CLIX and 0.45% for CSM.
CSM currently has the higher Sharpe Ratio (1.72 vs 0.35), 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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