CSM vs. QQQ
Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and Invesco QQQ (QQQ).
CSM and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both CSM and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSM or QQQ.
Key characteristics
| CSM | QQQ | |
|---|---|---|
| YTD Return | 25.28% | 25.63% |
| 1Y Return | 35.03% | 33.85% |
| 3Y Return (Ann) | 9.17% | 9.83% |
| 5Y Return (Ann) | 14.17% | 21.21% |
| 10Y Return (Ann) | 12.09% | 18.37% |
| Sharpe Ratio | 2.99 | 2.12 |
| Sortino Ratio | 3.97 | 2.79 |
| Omega Ratio | 1.55 | 1.38 |
| Calmar Ratio | 4.30 | 2.71 |
| Martin Ratio | 17.84 | 9.88 |
| Ulcer Index | 2.13% | 3.72% |
| Daily Std Dev | 12.71% | 17.31% |
| Max Drawdown | -36.12% | -82.98% |
| Current Drawdown | -0.28% | -0.37% |
Correlation
The correlation between CSM and QQQ is 0.86, 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.
Performance
CSM vs. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with CSM having a 25.28% return and QQQ slightly higher at 25.63%. Over the past 10 years, CSM has underperformed QQQ with an annualized return of 12.09%, while QQQ has yielded a comparatively higher 18.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSM vs. QQQ - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CSM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and Invesco QQQ (QQQ). 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.
Dividends
CSM vs. QQQ - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.02%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.02% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% | 1.39% | 1.22% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CSM vs. QQQ - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.12%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CSM and QQQ. For additional features, visit the drawdowns tool.
Volatility
CSM vs. QQQ - Volatility Comparison
The current volatility for Proshares Large Cap Core Plus (CSM) is 4.09%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that CSM experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.