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.
Key characteristics
| CSD | ^GSPC | |
|---|---|---|
| YTD Return | 29.43% | 24.72% |
| 1Y Return | 43.05% | 32.12% |
| 3Y Return (Ann) | 9.54% | 8.33% |
| 5Y Return (Ann) | 12.43% | 13.81% |
| 10Y Return (Ann) | 7.55% | 11.31% |
| Sharpe Ratio | 2.26 | 2.66 |
| Sortino Ratio | 3.00 | 3.56 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 3.37 | 3.81 |
| Martin Ratio | 14.66 | 17.03 |
| Ulcer Index | 2.94% | 1.90% |
| Daily Std Dev | 19.10% | 12.16% |
| Max Drawdown | -70.47% | -56.78% |
| Current Drawdown | -3.88% | -0.87% |
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
In the year-to-date period, CSD achieves a 29.43% return, which is significantly higher than ^GSPC's 24.72% return. Over the past 10 years, CSD has underperformed ^GSPC with an annualized return of 7.55%, while ^GSPC has yielded a comparatively higher 11.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 5.91% compared to S&P 500 (^GSPC) at 3.81%. 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.