CSM vs. CBLS
Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and Changebridge Capital Long/Short Equity ETF (CBLS).
CSM and CBLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSM is a passively managed fund by ProShares that tracks the performance of the Credit Suisse 130/30 Large-Cap Index. It was launched on Jul 13, 2009. CBLS is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020.
Performance
CSM vs. CBLS - Performance Comparison
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CSM vs. CBLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | -5.83% | 21.84% | 22.09% | 23.50% | -18.27% | 33.13% | 5.48% |
CBLS Changebridge Capital Long/Short Equity ETF | 4.37% | 5.87% | 28.74% | -2.67% | -11.64% | 2.85% | 14.15% |
Returns By Period
In the year-to-date period, CSM achieves a -5.83% return, which is significantly lower than CBLS's 4.37% return.
CSM
- 1D
- 2.46%
- 1M
- -4.91%
- YTD
- -5.83%
- 6M
- -1.69%
- 1Y
- 18.78%
- 3Y*
- 17.57%
- 5Y*
- 11.42%
- 10Y*
- 12.84%
CBLS
- 1D
- 0.08%
- 1M
- -6.21%
- YTD
- 4.37%
- 6M
- 0.72%
- 1Y
- 10.78%
- 3Y*
- 11.82%
- 5Y*
- 1.79%
- 10Y*
- —
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CSM vs. CBLS - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than CBLS's 1.95% expense ratio.
Return for Risk
CSM vs. CBLS — Risk / Return Rank
CSM
CBLS
CSM vs. CBLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and Changebridge Capital Long/Short Equity ETF (CBLS). 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 | CBLS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.76 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.07 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.31 | +0.18 |
Martin ratioReturn relative to average drawdown | 6.81 | 3.27 | +3.54 |
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
| CSM | CBLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.76 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.12 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.44 | +0.37 |
Correlation
The correlation between CSM and CBLS is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CSM vs. CBLS - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.16%, more than CBLS's 0.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.16% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
CBLS Changebridge Capital Long/Short Equity ETF | 0.86% | 0.90% | 0.73% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSM vs. CBLS - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, which is greater than CBLS's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for CSM and CBLS.
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Drawdown Indicators
| CSM | CBLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -32.78% | -3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -8.15% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -32.78% | +8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | — | — |
Current DrawdownCurrent decline from peak | -7.17% | -7.05% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -13.14% | +9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.26% | -0.44% |
Volatility
CSM vs. CBLS - Volatility Comparison
The current volatility for Proshares Large Cap Core Plus (CSM) is 4.79%, while Changebridge Capital Long/Short Equity ETF (CBLS) has a volatility of 5.40%. This indicates that CSM experiences smaller price fluctuations and is considered to be less risky than CBLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSM | CBLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.40% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 11.24% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 14.24% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 15.42% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 15.89% | +2.48% |