CSD vs. SAEF
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and Schwab Ariel ESG ETF (SAEF).
CSD and SAEF 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. SAEF is an actively managed fund by Charles Schwab. It was launched on Nov 15, 2021.
Performance
CSD vs. SAEF - Performance Comparison
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CSD vs. SAEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 15.37% | 21.58% | 27.61% | 23.77% | -15.04% | -4.01% |
SAEF Schwab Ariel ESG ETF | 0.10% | 2.31% | 16.14% | 17.87% | -18.29% | -2.35% |
Returns By Period
In the year-to-date period, CSD achieves a 15.37% return, which is significantly higher than SAEF's 0.10% return.
CSD
- 1D
- 2.13%
- 1M
- -4.33%
- YTD
- 15.37%
- 6M
- 22.63%
- 1Y
- 52.61%
- 3Y*
- 27.03%
- 5Y*
- 13.17%
- 10Y*
- 12.32%
SAEF
- 1D
- 3.37%
- 1M
- -8.16%
- YTD
- 0.10%
- 6M
- -1.45%
- 1Y
- 12.83%
- 3Y*
- 9.45%
- 5Y*
- —
- 10Y*
- —
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CSD vs. SAEF - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than SAEF's 0.59% expense ratio.
Return for Risk
CSD vs. SAEF — Risk / Return Rank
CSD
SAEF
CSD vs. SAEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and Schwab Ariel ESG ETF (SAEF). 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 | SAEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 0.54 | +1.27 |
Sortino ratioReturn per unit of downside risk | 2.38 | 0.92 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.12 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.14 | 0.86 | +2.28 |
Martin ratioReturn relative to average drawdown | 12.93 | 2.36 | +10.57 |
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 | SAEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 0.54 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.12 | +0.27 |
Correlation
The correlation between CSD and SAEF is 0.85, 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. SAEF - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.14%, less than SAEF's 0.38% 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% |
SAEF Schwab Ariel ESG ETF | 0.38% | 0.38% | 0.46% | 0.46% | 0.61% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSD vs. SAEF - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than SAEF's maximum drawdown of -28.05%. Use the drawdown chart below to compare losses from any high point for CSD and SAEF.
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Drawdown Indicators
| CSD | SAEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -28.05% | -42.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.08% | -14.75% | -2.33% |
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 | -5.09% | -9.69% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -10.66% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 5.37% | -1.22% |
Volatility
CSD vs. SAEF - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 10.46% compared to Schwab Ariel ESG ETF (SAEF) at 7.20%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than SAEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSD | SAEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.46% | 7.20% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 19.09% | 14.34% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.22% | 23.86% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.06% | 21.51% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 21.51% | +3.18% |