CSM vs. EMPB

Last updated Apr 2, 2026

Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and Efficient Market Portfolio Plus ETF (EMPB).

CSM and EMPB 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. EMPB is an actively managed fund by Empowered Funds. It was launched on Dec 11, 2024.

Performance

CSM vs. EMPB - Performance Comparison

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

CSM vs. EMPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CSM Proshares Large Cap Core Plus	-4.71%	21.84%	-2.71%
EMPB Efficient Market Portfolio Plus ETF	1.99%	14.84%	0.89%

Returns By Period

In the year-to-date period, CSM achieves a -4.71% return, which is significantly lower than EMPB's 1.99% return.

CSM

• 1D: 1.19%
• 1M: -3.83%
• YTD: -4.71%
• 6M: -0.83%
• 1Y: 19.48%
• 3Y*: 18.03%
• 5Y*: 11.69%
• 10Y*: 12.97%

EMPB

• 1D: 0.67%
• 1M: -1.63%
• YTD: 1.99%
• 6M: 0.25%
• 1Y: 17.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSM vs. EMPB - Expense Ratio Comparison

CSM has a 0.45% expense ratio, which is lower than EMPB's 1.82% expense ratio.

EMPB

Efficient Market Portfolio Plus ETF

CSM

Proshares Large Cap Core Plus

Return for Risk

CSM vs. EMPB — Risk / Return Rank

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

CSM

CSM Risk / Return Rank: 60
CSM Sharpe Ratio Rank: 55
CSM Sortino Ratio Rank: 59
CSM Omega Ratio Rank: 62
CSM Calmar Ratio Rank: 58
CSM Martin Ratio Rank: 67

EMPB

EMPB Risk / Return Rank: 75
EMPB Sharpe Ratio Rank: 74
EMPB Sortino Ratio Rank: 78
EMPB Omega Ratio Rank: 67
EMPB Calmar Ratio Rank: 85
EMPB Martin Ratio Rank: 72

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. EMPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and Efficient Market Portfolio Plus ETF (EMPB). 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	EMPB	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.42	-0.39
Sortino ratio Return per unit of downside risk	1.58	2.11	-0.53
Omega ratio Gain probability vs. loss probability	1.24	1.26	-0.03
Calmar ratio Return relative to maximum drawdown	1.56	2.91	-1.35
Martin ratio Return relative to average drawdown	7.10	8.50	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSM vs. EMPB - Sharpe Ratio Comparison

The current CSM Sharpe Ratio is 1.03, which is comparable to the EMPB Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of CSM and EMPB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CSM	EMPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.42	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.13	-0.32

Correlation

The correlation between CSM and EMPB is 0.72, 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.

Dividends

CSM vs. EMPB - Dividend Comparison

CSM's dividend yield for the trailing twelve months is around 1.15%, more than EMPB's 0.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSM Proshares Large Cap Core Plus	1.15%	1.04%	1.06%	1.17%	1.37%	0.78%	1.21%	1.41%	1.54%	1.28%	1.49%	1.67%
EMPB Efficient Market Portfolio Plus ETF	0.86%	0.88%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CSM vs. EMPB - Drawdown Comparison

The maximum CSM drawdown since its inception was -36.11%, which is greater than EMPB's maximum drawdown of -7.55%. Use the drawdown chart below to compare losses from any high point for CSM and EMPB.

Drawdown Indicators

	CSM	EMPB	Difference
Max Drawdown Largest peak-to-trough decline	-36.11%	-7.55%	-28.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-5.98%	-6.94%
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	-6.07%	-2.34%	-3.73%
Average Drawdown Average peak-to-trough decline	-4.07%	-1.64%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.05%	+0.79%

Volatility

CSM vs. EMPB - Volatility Comparison

The current volatility for Proshares Large Cap Core Plus (CSM) is 4.97%, while Efficient Market Portfolio Plus ETF (EMPB) has a volatility of 5.79%. This indicates that CSM experiences smaller price fluctuations and is considered to be less risky than EMPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSM	EMPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	5.79%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	9.51%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	12.22%	+6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	12.25%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	12.25%	+6.12%