CSD vs. VFMV
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and Vanguard U.S. Minimum Volatility ETF (VFMV).
CSD and VFMV 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. VFMV is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Performance
CSD vs. VFMV - Performance Comparison
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CSD vs. VFMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -19.85% |
VFMV Vanguard U.S. Minimum Volatility ETF | 2.55% | 10.52% | 16.91% | 8.86% | -5.73% | 20.75% | -0.19% | 27.26% | -1.10% |
Returns By Period
In the year-to-date period, CSD achieves a 12.97% return, which is significantly higher than VFMV's 2.55% 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%
VFMV
- 1D
- 1.45%
- 1M
- -4.47%
- YTD
- 2.55%
- 6M
- 2.66%
- 1Y
- 7.33%
- 3Y*
- 12.70%
- 5Y*
- 9.24%
- 10Y*
- —
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CSD vs. VFMV - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than VFMV's 0.13% expense ratio.
Return for Risk
CSD vs. VFMV — Risk / Return Rank
CSD
VFMV
CSD vs. VFMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and Vanguard U.S. Minimum Volatility ETF (VFMV). 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 | VFMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.60 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.30 | 0.90 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | 0.87 | +2.13 |
Martin ratioReturn relative to average drawdown | 12.37 | 4.02 | +8.34 |
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 | VFMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.60 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.79 | -0.24 |
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 | 0.65 | -0.27 |
Correlation
The correlation between CSD and VFMV is 0.71, 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. VFMV - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.14%, less than VFMV's 2.04% 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% |
VFMV Vanguard U.S. Minimum Volatility ETF | 2.04% | 2.12% | 1.46% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSD vs. VFMV - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than VFMV's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for CSD and VFMV.
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Drawdown Indicators
| CSD | VFMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -33.64% | -36.83% |
Max Drawdown (1Y)Largest decline over 1 year | -17.08% | -9.63% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -15.41% | -14.74% |
Max Drawdown (10Y)Largest decline over 10 years | -57.55% | — | — |
Current DrawdownCurrent decline from peak | -7.06% | -4.59% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -3.69% | -10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 2.07% | +2.06% |
Volatility
CSD vs. VFMV - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 10.52% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 3.44%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSD | VFMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 3.44% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.01% | 6.62% | +12.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.16% | 12.31% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.04% | 11.77% | +11.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 14.35% | +10.34% |