CSD vs. ^GSPC
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and S&P 500 (^GSPC).
CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off TR. It was launched on Dec 15, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSD or ^GSPC.
Correlation
The correlation between CSD and ^GSPC is 0.78, 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.
Performance
CSD vs. ^GSPC - Performance Comparison
Key characteristics
CSD:
0.16
^GSPC:
0.46
CSD:
0.42
^GSPC:
0.77
CSD:
1.06
^GSPC:
1.11
CSD:
0.15
^GSPC:
0.47
CSD:
0.52
^GSPC:
1.94
CSD:
8.98%
^GSPC:
4.61%
CSD:
28.30%
^GSPC:
19.44%
CSD:
-70.47%
^GSPC:
-56.78%
CSD:
-20.95%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, CSD achieves a -11.69% return, which is significantly lower than ^GSPC's -6.06% return. Over the past 10 years, CSD has underperformed ^GSPC with an annualized return of 5.27%, while ^GSPC has yielded a comparatively higher 10.11% annualized return.
CSD
-11.69%
-5.61%
-10.37%
5.09%
19.06%
5.27%
^GSPC
-6.06%
-3.27%
-4.87%
9.44%
14.30%
10.11%
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Risk-Adjusted Performance
CSD vs. ^GSPC — Risk-Adjusted Performance Rank
CSD
^GSPC
CSD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and S&P 500 (^GSPC). 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.
Drawdowns
CSD vs. ^GSPC - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CSD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
CSD vs. ^GSPC - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 18.75% compared to S&P 500 (^GSPC) at 14.23%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.