CSM vs. USOY
CSM (Proshares Large Cap Core Plus) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - CSM is a Long-Short fund tracking the Credit Suisse 130/30 Large-Cap Index, while USOY is a Derivative Income fund actively managed by Defiance. CSM is passively managed, while USOY is actively managed. Over the past year, CSM returned 28.48% vs 57.29% for USOY. At a correlation of -0.09, they often move in opposite directions. CSM charges 0.45%/yr vs 1.22%/yr for USOY.
Performance
CSM vs. USOY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CSM achieves a 8.62% return, which is significantly lower than USOY's 62.18% return.
CSM
- 1D
- -0.84%
- 1M
- 4.86%
- YTD
- 8.62%
- 6M
- 9.99%
- 1Y
- 28.48%
- 3Y*
- 22.04%
- 5Y*
- 13.38%
- 10Y*
- 14.36%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSM vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSM Proshares Large Cap Core Plus | 8.62% | 21.84% | 11.93% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between CSM and USOY is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.09 |
Over the past year, the inverse relationship between CSM and USOY has strengthened: their correlation has moved from -0.09 to -0.30, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSM vs. USOY — Risk / Return Rank
CSM
USOY
CSM vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 4.03 | -0.98 |
| Martin ratioReturn relative to average drawdown | 13.25 | 7.74 | +5.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CSM | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.89 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.99 | -0.13 |
Drawdowns
CSM vs. USOY - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for CSM and USOY.
Loading charts...
Drawdown Indicators
| CSM | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -17.46% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -14.29% | +4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -5.11% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -6.47% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 7.42% | -5.27% |
Volatility
CSM vs. USOY - Volatility Comparison
The current volatility for Proshares Large Cap Core Plus (CSM) is 2.85%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that CSM experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CSM | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 11.62% | -8.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 27.18% | -18.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 30.44% | -18.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 26.13% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 26.13% | -7.75% |
CSM vs. USOY - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
CSM vs. USOY - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.01%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.01% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSM and USOY have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.62%) compared to CSM (2.85%). In terms of maximum drawdown, CSM dropped -36.11% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs 28.48% for CSM. On fees, CSM is cheaper at 0.45% per year. On volatility, CSM has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs 28.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSM is cheaper with a 0.45% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 1.01% for CSM.
CSM is categorized as Long-Short, while USOY is Derivative Income. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.45% for CSM and 1.22% for USOY.
CSM currently has the higher Sharpe Ratio (2.40 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CSM and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer