CLSM vs. SPLS

Last updated Aug 2, 2026

CLSM (ETC Cabana Target Leading Sector Moderate ETF) and SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) are both exchange-traded funds - CLSM is a Tactical Allocation fund tracking the Actively Managed, while SPLS is a Diversified Portfolio fund actively managed by PIMCO. CLSM is passively managed, while SPLS is actively managed. Their correlation of 0.88 means they have usually moved in the same direction. CLSM charges 0.82%/yr vs 0.18%/yr for SPLS.

Performance

CLSM vs. SPLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETC Cabana Target Leading Sector Moderate ETF (CLSM) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSM

• 1D: -0.06%
• 1M: -2.10%
• 6M: 10.80%
• YTD: 13.76%
• 1Y: 23.29%
• 3Y*: 10.82%
• 5Y*: 2.98%
• 10Y*: —
• ALL TIME*: 2.85%

SPLS

• 1D: 0.90%
• 1M: 0.64%
• 6M: 9.21%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLSM ETC Cabana Target Leading Sector Moderate ETF	$170.87K	$557.41K	$324.92K
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	$87.41K	$186.29K	$302.92K

CLSM vs. SPLS - Yearly Performance Comparison

	2026 (YTD)
CLSM ETC Cabana Target Leading Sector Moderate ETF	11.25%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	9.06%

Correlation

The correlation between CLSM and SPLS is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	0.88

Return for Risk

CLSM vs. SPLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLSM

CLSM Risk / Return Rank: 67
CLSM Sharpe Ratio Rank: 65
CLSM Sortino Ratio Rank: 62
CLSM Omega Ratio Rank: 63
CLSM Calmar Ratio Rank: 74
CLSM Martin Ratio Rank: 68

SPLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLSM vs. SPLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETC Cabana Target Leading Sector Moderate ETF (CLSM) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). 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.

	CLSM	SPLS	Difference
Sharpe ratio: Return per unit of total volatility	1.52	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.61	—	—
Martin ratio: Return relative to average drawdown	8.32	—	—

Drawdowns

CLSM vs. SPLS - Drawdown Comparison

The maximum CLSM drawdown since its inception was -27.77%, which is greater than SPLS's maximum drawdown of -9.24%. Use the drawdown chart below to compare losses from any high point for CLSM and SPLS.

Drawdown Indicators

	CLSM	SPLS	Difference
Max Drawdown Largest peak-to-trough decline	-27.77%	-9.24%	-18.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	—	—
Current Drawdown Current decline from peak	-5.91%	-0.95%	-4.96%
Average Drawdown Average peak-to-trough decline	-16.09%	-1.83%	-14.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	—	—

Volatility

Volatility by Period

	CLSM	SPLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	15.02%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.75%	15.02%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	15.02%	-2.27%

CLSM vs. SPLS - Expense Ratio Comparison

CLSM has a 0.82% expense ratio, which is higher than SPLS's 0.18% expense ratio.

Dividends

CLSM vs. SPLS - Dividend Comparison

CLSM's dividend yield for the trailing twelve months is around 0.79%, more than SPLS's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021
CLSM ETC Cabana Target Leading Sector Moderate ETF	0.79%	0.90%	2.13%	2.58%	3.17%	0.59%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLSM and SPLS in my portfolio?

CLSM and SPLS have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSM or SPLS?

On fees, SPLS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSM or SPLS?

SPLS is cheaper with a 0.18% expense ratio, compared with 0.82% for CLSM.

Which ETF pays a higher dividend yield, CLSM or SPLS?

CLSM has the higher dividend yield at 0.79%, compared with 0.55% for SPLS.

What is the main difference between CLSM and SPLS?

CLSM is categorized as Tactical Allocation, while SPLS is Diversified Portfolio. They also come from different issuers: Cabana and PIMCO. Their fees differ too: 0.82% for CLSM and 0.18% for SPLS.