CSD vs. CTEF
CSD (Invesco S&P Spin-Off ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. CSD is passively managed, while CTEF is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. CSD charges 0.65%/yr vs 0.45%/yr for CTEF.
Performance
CSD vs. CTEF - Performance Comparison
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Returns By Period
In the year-to-date period, CSD achieves a 39.67% return, which is significantly higher than CTEF's 29.35% return.
CSD
- 1D
- 0.47%
- 1M
- 8.22%
- YTD
- 39.67%
- 6M
- 39.98%
- 1Y
- 71.88%
- 3Y*
- 36.42%
- 5Y*
- 16.45%
- 10Y*
- 14.07%
CTEF
- 1D
- -0.41%
- 1M
- 10.65%
- YTD
- 29.35%
- 6M
- 31.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSD vs. CTEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSD Invesco S&P Spin-Off ETF | 39.67% | 23.82% |
CTEF Castellan Targeted Equity ETF | 29.35% | 33.22% |
Correlation
The correlation between CSD and CTEF is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025 | 0.76 |
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Return for Risk
CSD vs. CTEF — Risk / Return Rank
CSD
CTEF
CSD vs. CTEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and Castellan Targeted Equity ETF (CTEF). 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 | CTEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | — | — |
| Martin ratioReturn relative to average drawdown | 24.98 | — | — |
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 | CTEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.03 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 3.54 | -3.11 |
Drawdowns
CSD vs. CTEF - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than CTEF's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for CSD and CTEF.
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Drawdown Indicators
| CSD | CTEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -15.00% | -55.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.15% | — | — |
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 | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -1.80% | -12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | — | — |
Volatility
CSD vs. CTEF - Volatility Comparison
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Volatility by Period
| CSD | CTEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.87% | 21.81% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.26% | 21.81% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.83% | 21.81% | +3.02% |
CSD vs. CTEF - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than CTEF's 0.45% expense ratio.
Dividends
CSD vs. CTEF - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.11%, more than CTEF's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 0.11% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
CTEF Castellan Targeted Equity ETF | 0.06% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSD and CTEF have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTEF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEF is cheaper with a 0.45% expense ratio, compared with 0.65% for CSD.
CSD has the higher dividend yield at 0.11%, compared with 0.06% for CTEF.
They also come from different issuers: Invesco and Castellan. Their fees differ too: 0.65% for CSD and 0.45% for CTEF.
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