CSM vs. FLSP
Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and Franklin Liberty Systematic Style Premia ETF (FLSP).
CSM and FLSP 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. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Performance
CSM vs. FLSP - Performance Comparison
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CSM vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | -5.83% | 21.84% | 22.09% | 23.50% | -18.27% | 33.13% | 10.94% | 0.34% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.08% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
Returns By Period
In the year-to-date period, CSM achieves a -5.83% return, which is significantly lower than FLSP's 1.08% 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%
FLSP
- 1D
- 0.63%
- 1M
- -1.63%
- YTD
- 1.08%
- 6M
- 5.31%
- 1Y
- 13.76%
- 3Y*
- 10.39%
- 5Y*
- 8.49%
- 10Y*
- —
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CSM vs. FLSP - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Return for Risk
CSM vs. FLSP — Risk / Return Rank
CSM
FLSP
CSM vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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 | FLSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.12 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.59 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.29 | -0.80 |
Martin ratioReturn relative to average drawdown | 6.81 | 10.40 | -3.59 |
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 | FLSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.12 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.64 | +0.03 |
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 | 0.30 | +0.50 |
Correlation
The correlation between CSM and FLSP is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CSM vs. FLSP - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.16%, less than FLSP's 2.62% 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% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.62% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSM vs. FLSP - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for CSM and FLSP.
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Drawdown Indicators
| CSM | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -22.75% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -6.66% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -9.52% | -14.30% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | — | — |
Current DrawdownCurrent decline from peak | -7.17% | -2.12% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -6.42% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.46% | +1.36% |
Volatility
CSM vs. FLSP - Volatility Comparison
Proshares Large Cap Core Plus (CSM) has a higher volatility of 4.79% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 3.54%. This indicates that CSM's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSM | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 3.54% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 7.12% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 12.38% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 13.41% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 13.67% | +4.70% |