CSM vs. FTLS
Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and First Trust Long/Short Equity ETF (FTLS).
CSM and FTLS 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. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Performance
CSM vs. FTLS - Performance Comparison
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CSM vs. FTLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | -5.83% | 21.84% | 22.09% | 23.50% | -18.27% | 33.13% | 10.94% | 29.26% | -7.88% | 22.52% |
FTLS First Trust Long/Short Equity ETF | -0.80% | 9.09% | 18.80% | 16.94% | -5.56% | 19.65% | 2.56% | 16.16% | -4.81% | 14.41% |
Returns By Period
In the year-to-date period, CSM achieves a -5.83% return, which is significantly lower than FTLS's -0.80% return. Over the past 10 years, CSM has outperformed FTLS with an annualized return of 12.84%, while FTLS has yielded a comparatively lower 9.10% annualized 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%
FTLS
- 1D
- 1.32%
- 1M
- -1.17%
- YTD
- -0.80%
- 6M
- 0.98%
- 1Y
- 10.88%
- 3Y*
- 12.98%
- 5Y*
- 9.94%
- 10Y*
- 9.10%
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CSM vs. FTLS - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Return for Risk
CSM vs. FTLS — Risk / Return Rank
CSM
FTLS
CSM vs. FTLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and First Trust Long/Short Equity ETF (FTLS). 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 | FTLS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.04 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.56 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.90 | -0.42 |
Martin ratioReturn relative to average drawdown | 6.81 | 8.02 | -1.21 |
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 | FTLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.04 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.94 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.81 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.77 | +0.04 |
Correlation
The correlation between CSM and FTLS is 0.81, 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. FTLS - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.16%, more than FTLS's 0.95% 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% |
FTLS First Trust Long/Short Equity ETF | 0.95% | 1.07% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% |
Drawdowns
CSM vs. FTLS - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, which is greater than FTLS's maximum drawdown of -20.54%. Use the drawdown chart below to compare losses from any high point for CSM and FTLS.
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Drawdown Indicators
| CSM | FTLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -20.54% | -15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -6.17% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -11.69% | -12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | -20.54% | -15.57% |
Current DrawdownCurrent decline from peak | -7.17% | -2.34% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -2.73% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.49% | +1.33% |
Volatility
CSM vs. FTLS - Volatility Comparison
Proshares Large Cap Core Plus (CSM) has a higher volatility of 4.79% compared to First Trust Long/Short Equity ETF (FTLS) at 2.93%. This indicates that CSM's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSM | FTLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 2.93% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 6.53% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 10.50% | +8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 10.65% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 11.31% | +7.06% |