CSD vs. ^GSPC
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and S&P 500 (^GSPC).
CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off TR. It was launched on Dec 15, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSD or ^GSPC.
Correlation
The correlation between CSD and ^GSPC is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CSD vs. ^GSPC - Performance Comparison
Key characteristics
CSD:
1.26
^GSPC:
1.62
CSD:
1.77
^GSPC:
2.20
CSD:
1.23
^GSPC:
1.30
CSD:
2.60
^GSPC:
2.46
CSD:
7.25
^GSPC:
10.01
CSD:
3.62%
^GSPC:
2.08%
CSD:
20.88%
^GSPC:
12.88%
CSD:
-70.47%
^GSPC:
-56.78%
CSD:
-10.10%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, CSD achieves a 0.43% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, CSD has underperformed ^GSPC with an annualized return of 6.89%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
CSD
0.43%
-9.75%
9.57%
24.96%
11.47%
6.89%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
CSD vs. ^GSPC — Risk-Adjusted Performance Rank
CSD
^GSPC
CSD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and S&P 500 (^GSPC). 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.
Drawdowns
CSD vs. ^GSPC - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CSD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
CSD vs. ^GSPC - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 8.44% compared to S&P 500 (^GSPC) at 3.43%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.