CSD vs. DEUS

Last updated Aug 2, 2026

CSD (Invesco S&P Spin-Off ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds - CSD tracks the S&P U.S. Spin-Off Index while DEUS tracks the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 10 years, CSD returned 13.22%/yr vs 11.33%/yr for DEUS. Their correlation of 0.81 means they have usually moved in the same direction. CSD charges 0.65%/yr vs 0.17%/yr for DEUS.

Performance

CSD vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Spin-Off ETF (CSD) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSD achieves a 33.33% return, which is significantly higher than DEUS's 15.12% return. Over the past 10 years, CSD has outperformed DEUS with an annualized return of 13.22%, while DEUS has yielded a comparatively lower 11.33% annualized return.

CSD

• 1D: -0.25%
• 1M: -6.37%
• 6M: 19.91%
• YTD: 33.33%
• 1Y: 54.94%
• 3Y*: 31.10%
• 5Y*: 15.97%
• 10Y*: 13.22%
• ALL TIME*: 9.93%

DEUS

• 1D: -0.21%
• 1M: 1.31%
• 6M: 10.90%
• YTD: 15.12%
• 1Y: 21.03%
• 3Y*: 14.88%
• 5Y*: 9.89%
• 10Y*: 11.33%
• ALL TIME*: 11.51%

*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)
CSD Invesco S&P Spin-Off ETF	$2.08M	$2.19M	$2.22M
DEUS Xtrackers Russell US Multifactor ETF	$618.40K	$852.23K	$985.08K

CSD vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSD Invesco S&P Spin-Off ETF	33.33%	21.58%	27.61%	23.77%	-15.04%	13.01%	10.79%	20.61%	-17.82%	20.64%
DEUS Xtrackers Russell US Multifactor ETF	15.12%	10.41%	14.33%	14.73%	-11.18%	26.31%	8.81%	28.80%	-9.16%	20.20%

Correlation

The correlation between CSD and DEUS is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.81

The correlation between CSD and DEUS shifts across timeframes, from 0.68 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

CSD vs. DEUS - Sectors Allocation Comparison

Sectors	CSD	DEUS
Industrials	35.5%	18.7%
Technology	23.5%	10.5%
Healthcare	12.8%	12.9%
Utilities	7.3%	7.4%
Basic Materials	6.8%	4.1%
Communication Services	5.2%	3.2%
Real Estate	3.8%	5.6%
Consumer Cyclical	2.4%	11.1%
Consumer Defensive	1.0%	7.5%
Financial Services	0.1%	13.8%
Energy	-	5.2%

Return for Risk

CSD vs. DEUS — Risk / Return Rank

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

CSD

CSD Risk / Return Rank: 88
CSD Sharpe Ratio Rank: 88
CSD Sortino Ratio Rank: 85
CSD Omega Ratio Rank: 82
CSD Calmar Ratio Rank: 93
CSD Martin Ratio Rank: 90

DEUS

DEUS Risk / Return Rank: 80
DEUS Sharpe Ratio Rank: 78
DEUS Sortino Ratio Rank: 81
DEUS Omega Ratio Rank: 75
DEUS Calmar Ratio Rank: 80
DEUS Martin Ratio Rank: 83

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.

CSD vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

	CSD	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.79	+0.33
Sortino ratio: Return per unit of downside risk	2.81	2.65	+0.16
Omega ratio: Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio: Return relative to maximum drawdown	4.53	2.92	+1.61
Martin ratio: Return relative to average drawdown	14.08	11.25	+2.83

CSD vs. DEUS - Sharpe Ratio Comparison

The current CSD Sharpe Ratio is 2.12, which is comparable to the DEUS Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of CSD and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSD vs. DEUS - Drawdown Comparison

The maximum CSD drawdown since its inception was -70.47%, which is greater than DEUS's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for CSD and DEUS.

Drawdown Indicators

	CSD	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-70.47%	-40.47%	-30.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.02%	-6.83%	-5.19%
Max Drawdown (3Y) Largest decline over 3 years	-30.15%	-16.69%	-13.46%
Max Drawdown (5Y) Largest decline over 5 years	-30.15%	-20.89%	-9.26%
Max Drawdown (10Y) Largest decline over 10 years	-57.55%	-40.47%	-17.08%
Current Drawdown Current decline from peak	-11.21%	-1.53%	-9.68%
Average Drawdown Average peak-to-trough decline	-14.16%	-4.28%	-9.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	1.77%	+2.09%

Volatility

CSD vs. DEUS - Volatility Comparison

Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 5.61% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.09%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSD	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	3.09%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	19.42%	8.23%	+11.19%
Volatility (1Y) Calculated over the trailing 1-year period	25.67%	11.17%	+14.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.56%	15.49%	+8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	17.95%	+7.02%

CSD vs. DEUS - Expense Ratio Comparison

CSD has a 0.65% expense ratio, which is higher than DEUS's 0.17% expense ratio.

Dividends

CSD vs. DEUS - Dividend Comparison

CSD's dividend yield for the trailing twelve months is around 0.12%, less than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSD Invesco S&P Spin-Off ETF	0.12%	0.16%	0.17%	0.51%	0.86%	0.73%	0.99%	1.08%	0.99%	0.60%	1.62%	2.61%
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%	0.00%

Frequently Asked Questions

Can I hold both CSD and DEUS in my portfolio?

CSD and DEUS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSD or DEUS?

CSD has higher volatility (5.61%) compared to DEUS (3.09%). In terms of maximum drawdown, CSD dropped -70.47% vs DEUS's -40.47%.

Which ETF is better, CSD or DEUS?

On 10-year performance, CSD leads with 13.22% vs 11.33% for DEUS. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSD or DEUS?

Over the 10-year period, CSD has performed better with a 13.22% return vs 11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSD or DEUS?

DEUS is cheaper with a 0.17% expense ratio, compared with 0.65% for CSD.

Which ETF pays a higher dividend yield, CSD or DEUS?

DEUS has the higher dividend yield at 1.38%, compared with 0.12% for CSD.

What is the main difference between CSD and DEUS?

CSD tracks S&P U.S. Spin-Off Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.65% for CSD and 0.17% for DEUS.

Which has better risk-adjusted returns?

CSD currently has the higher Sharpe Ratio (2.12 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.