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:
1.46
^GSPC:
1.74
CSD:
2.02
^GSPC:
2.36
CSD:
1.26
^GSPC:
1.32
CSD:
3.20
^GSPC:
2.62
CSD:
8.40
^GSPC:
10.69
CSD:
3.57%
^GSPC:
2.08%
CSD:
20.58%
^GSPC:
12.76%
CSD:
-70.47%
^GSPC:
-56.78%
CSD:
-6.94%
^GSPC:
-0.43%
Returns By Period
The year-to-date returns for both investments are quite close, with CSD having a 3.96% return and ^GSPC slightly higher at 4.01%. Over the past 10 years, CSD has underperformed ^GSPC with an annualized return of 7.24%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
CSD
3.96%
-6.46%
16.47%
30.24%
12.26%
7.24%
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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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 7.86% compared to S&P 500 (^GSPC) at 3.01%. 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.