CSM vs. ATTR

Last updated Jun 3, 2026

CSM (Proshares Large Cap Core Plus) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. CSM is passively managed, while ATTR is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. CSM charges 0.45%/yr vs 0.63%/yr for ATTR.

Performance

CSM vs. ATTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Large Cap Core Plus (CSM) and Arin Tactical Tail Risk ETF (ATTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSM achieves a 9.53% return, which is significantly higher than ATTR's 4.37% return.

CSM

• 1D: -0.34%
• 1M: 5.19%
• YTD: 9.53%
• 6M: 11.44%
• 1Y: 30.50%
• 3Y*: 22.38%
• 5Y*: 13.79%
• 10Y*: 14.46%

ATTR

• 1D: -0.04%
• 1M: 0.94%
• YTD: 4.37%
• 6M: 4.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSM vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
CSM Proshares Large Cap Core Plus	9.53%	1.27%
ATTR Arin Tactical Tail Risk ETF	4.37%	0.58%

Correlation

The correlation between CSM and ATTR is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.84

Return for Risk

CSM vs. ATTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSM

CSM Risk / Return Rank: 74
CSM Sharpe Ratio Rank: 78
CSM Sortino Ratio Rank: 78
CSM Omega Ratio Rank: 75
CSM Calmar Ratio Rank: 64
CSM Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSM vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and Arin Tactical Tail Risk ETF (ATTR). 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.

	CSM	ATTR	Difference
Sharpe ratio Return per unit of total volatility	2.57	—	—
Sortino ratio Return per unit of downside risk	3.52	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	3.26	—	—
Martin ratio Return relative to average drawdown	14.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CSM	ATTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	2.91	-2.04

Drawdowns

CSM vs. ATTR - Drawdown Comparison

The maximum CSM drawdown since its inception was -36.11%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for CSM and ATTR.

Drawdown Indicators

	CSM	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-36.11%	-1.76%	-34.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.11%	—	—
Current Drawdown Current decline from peak	-0.34%	-0.07%	-0.27%
Average Drawdown Average peak-to-trough decline	-4.04%	-0.18%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	CSM	ATTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	2.98%	+8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	2.98%	+14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	2.98%	+15.40%

CSM vs. ATTR - Expense Ratio Comparison

CSM has a 0.45% expense ratio, which is lower than ATTR's 0.63% expense ratio.

Dividends

CSM vs. ATTR - Dividend Comparison

CSM's dividend yield for the trailing twelve months is around 1.00%, while ATTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSM Proshares Large Cap Core Plus	1.00%	1.04%	1.06%	1.17%	1.37%	0.78%	1.21%	1.41%	1.54%	1.28%	1.49%	1.67%

Frequently Asked Questions

Can I hold both CSM and ATTR in my portfolio?

CSM and ATTR have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSM or ATTR?

On fees, CSM is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSM or ATTR?

CSM is cheaper with a 0.45% expense ratio, compared with 0.63% for ATTR.

Which ETF pays a higher dividend yield, CSM or ATTR?

CSM has the higher dividend yield at 1.00%, compared with 0.00% for ATTR.

What is the main difference between CSM and ATTR?

They also come from different issuers: ProShares and Arin Risk Advisors. Their fees differ too: 0.45% for CSM and 0.63% for ATTR.