CSD vs. ABCS
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS).
CSD and ABCS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off Index. It was launched on Dec 15, 2006. ABCS is a passively managed fund by Alpha Architect that tracks the performance of the BNY Mellon ABC Index. It was launched on Dec 18, 2023. Both CSD and ABCS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CSD vs. ABCS - Performance Comparison
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CSD vs. ABCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 2.64% |
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF | -1.83% | 7.95% | 14.47% | 1.97% |
Returns By Period
In the year-to-date period, CSD achieves a 12.97% return, which is significantly higher than ABCS's -1.83% return.
CSD
- 1D
- 4.82%
- 1M
- -6.74%
- YTD
- 12.97%
- 6M
- 21.17%
- 1Y
- 50.42%
- 3Y*
- 26.15%
- 5Y*
- 12.70%
- 10Y*
- 12.09%
ABCS
- 1D
- 2.02%
- 1M
- -5.12%
- YTD
- -1.83%
- 6M
- -0.34%
- 1Y
- 9.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CSD vs. ABCS - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than ABCS's 0.27% expense ratio.
Return for Risk
CSD vs. ABCS — Risk / Return Rank
CSD
ABCS
CSD vs. ABCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS). 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.
| CSD | ABCS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.48 | +1.25 |
Sortino ratioReturn per unit of downside risk | 2.30 | 0.83 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.11 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | 0.74 | +2.26 |
Martin ratioReturn relative to average drawdown | 12.37 | 2.83 | +9.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSD | ABCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.48 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.57 | -0.18 |
Correlation
The correlation between CSD and ABCS is 0.79, 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.
Dividends
CSD vs. ABCS - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.14%, less than ABCS's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 0.14% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF | 1.37% | 1.37% | 1.39% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSD vs. ABCS - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than ABCS's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for CSD and ABCS.
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Drawdown Indicators
| CSD | ABCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -20.52% | -49.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.08% | -13.40% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.55% | — | — |
Current DrawdownCurrent decline from peak | -7.06% | -6.27% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -3.70% | -10.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.48% | +0.65% |
Volatility
CSD vs. ABCS - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 10.52% compared to Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS) at 4.62%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than ABCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSD | ABCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 4.62% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.01% | 10.35% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.16% | 19.25% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.04% | 17.49% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 17.49% | +7.20% |