CLSM vs. WAMA

Last updated Jun 4, 2026

CLSM (Cabana Target Leading Sector Moderate ETF) and WAMA (WisdomTree U.S. Adaptive Moving Average Fund) are both Tactical Allocation funds - CLSM tracks the Actively Managed while WAMA tracks the WisdomTree U.S. Adaptive Moving Average Index. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. CLSM charges 0.82%/yr vs 0.32%/yr for WAMA.

Performance

CLSM vs. WAMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Leading Sector Moderate ETF (CLSM) and WisdomTree U.S. Adaptive Moving Average Fund (WAMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSM

• 1D: -0.38%
• 1M: 9.23%
• YTD: 20.45%
• 6M: 20.19%
• 1Y: 34.21%
• 3Y*: 13.75%
• 5Y*: —
• 10Y*: —

WAMA

• 1D: -0.73%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLSM vs. WAMA - Yearly Performance Comparison

	2026 (YTD)
CLSM Cabana Target Leading Sector Moderate ETF	5.83%
WAMA WisdomTree U.S. Adaptive Moving Average Fund	2.77%

Correlation

The correlation between CLSM and WAMA is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.95

Return for Risk

CLSM vs. WAMA — Risk / Return Rank

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

CLSM

CLSM Risk / Return Rank: 82
CLSM Sharpe Ratio Rank: 83
CLSM Sortino Ratio Rank: 80
CLSM Omega Ratio Rank: 83
CLSM Calmar Ratio Rank: 80
CLSM Martin Ratio Rank: 83

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.

CLSM vs. WAMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Leading Sector Moderate ETF (CLSM) and WisdomTree U.S. Adaptive Moving Average Fund (WAMA). 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.

	CLSM	WAMA	Difference
Sharpe ratio Return per unit of total volatility	2.71	—	—
Sortino ratio Return per unit of downside risk	3.58	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	4.04	—	—
Martin ratio Return relative to average drawdown	16.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CLSM	WAMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	4.87	-4.52

Drawdowns

CLSM vs. WAMA - Drawdown Comparison

The maximum CLSM drawdown since its inception was -27.77%, which is greater than WAMA's maximum drawdown of -1.91%. Use the drawdown chart below to compare losses from any high point for CLSM and WAMA.

Drawdown Indicators

	CLSM	WAMA	Difference
Max Drawdown Largest peak-to-trough decline	-27.77%	-1.91%	-25.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.60%	—	—
Current Drawdown Current decline from peak	-0.38%	-0.73%	+0.35%
Average Drawdown Average peak-to-trough decline	-16.49%	-0.39%	-16.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	—	—

Volatility

Volatility by Period

	CLSM	WAMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	9.20%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.47%	9.20%	+3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.47%	9.20%	+3.27%

CLSM vs. WAMA - Expense Ratio Comparison

CLSM has a 0.82% expense ratio, which is higher than WAMA's 0.32% expense ratio.

Dividends

CLSM vs. WAMA - Dividend Comparison

CLSM's dividend yield for the trailing twelve months is around 0.75%, while WAMA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CLSM Cabana Target Leading Sector Moderate ETF	0.75%	0.90%	2.13%	2.58%	3.17%	0.59%
WAMA WisdomTree U.S. Adaptive Moving Average Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLSM and WAMA in my portfolio?

With a correlation of 0.95, CLSM and WAMA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CLSM or WAMA?

On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSM or WAMA?

WAMA is cheaper with a 0.32% expense ratio, compared with 0.82% for CLSM.

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

CLSM has the higher dividend yield at 0.75%, compared with 0.00% for WAMA.

What is the main difference between CLSM and WAMA?

CLSM tracks Actively Managed, while WAMA tracks WisdomTree U.S. Adaptive Moving Average Index. They also come from different issuers: Cabana and WisdomTree. Their fees differ too: 0.82% for CLSM and 0.32% for WAMA.