CSPI vs. BULZ
CSPI (CSP Inc.) is a stock, while BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) is Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%). Over the past 3 years, CSPI returned 16.48%/yr vs 67.86%/yr for BULZ. At a 0.21 correlation, their price movements are largely independent.
Performance
CSPI vs. BULZ - Performance Comparison
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Returns By Period
In the year-to-date period, CSPI achieves a -33.40% return, which is significantly lower than BULZ's 43.75% return.
CSPI
- 1D
- -4.94%
- 1M
- -10.69%
- 6M
- -29.69%
- YTD
- -33.40%
- 1Y
- -29.80%
- 3Y*
- 16.48%
- 5Y*
- 10.66%
- 10Y*
- 9.48%
BULZ
- 1D
- 4.04%
- 1M
- -7.24%
- 6M
- 30.56%
- YTD
- 43.75%
- 1Y
- 103.89%
- 3Y*
- 67.86%
- 5Y*
- —
- 10Y*
- —
CSPI vs. BULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSPI CSP Inc. | -33.40% | -21.55% | 66.06% | 108.93% | 8.03% | -1.01% |
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 43.75% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
Correlation
The correlation between CSPI and BULZ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021 | 0.21 |
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Return for Risk
CSPI vs. BULZ — Risk / Return Rank
CSPI
BULZ
CSPI vs. BULZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CSP Inc. (CSPI) and MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSPI | BULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.24 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.93 | -2.58 |
| Martin ratioReturn relative to average drawdown | -1.09 | 4.66 | -5.76 |
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Drawdowns
CSPI vs. BULZ - Drawdown Comparison
The maximum CSPI drawdown since its inception was -84.50%, smaller than the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for CSPI and BULZ.
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Drawdown Indicators
| CSPI | BULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.50% | -94.44% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -46.72% | -54.22% | +7.50% |
Max Drawdown (3Y)Largest decline over 3 years | -71.14% | -67.96% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -71.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.14% | — | — |
Current DrawdownCurrent decline from peak | -69.79% | -32.27% | -37.52% |
Average DrawdownAverage peak-to-trough decline | -44.49% | -57.73% | +13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.86% | 22.35% | +5.51% |
Volatility
CSPI vs. BULZ - Volatility Comparison
The current volatility for CSP Inc. (CSPI) is 17.70%, while MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a volatility of 28.79%. This indicates that CSPI experiences smaller price fluctuations and is considered to be less risky than BULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSPI | BULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.70% | 28.79% | -11.09% |
Volatility (6M)Calculated over the trailing 6-month period | 36.84% | 65.10% | -28.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.02% | 81.04% | -27.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.85% | 91.68% | -24.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.63% | 91.68% | -32.05% |
Dividends
CSPI vs. BULZ - Dividend Comparison
CSPI's dividend yield for the trailing twelve months is around 1.45%, while BULZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSPI CSP Inc. | 1.45% | 0.96% | 0.72% | 0.77% | 0.64% | 0.00% | 1.94% | 5.75% | 3.77% | 3.48% | 3.12% | 6.34% |
Frequently Asked Questions
CSPI and BULZ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULZ has higher volatility (28.79%) compared to CSPI (17.70%). In terms of maximum drawdown, CSPI dropped -84.50% vs BULZ's -94.44%.
BULZ currently has the higher Sharpe Ratio (1.29 vs -0.56), 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.
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