FFLS vs. CSM
Compare and contrast key facts about The Future Fund Long/Short ETF (FFLS) and Proshares Large Cap Core Plus (CSM).
FFLS and CSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLS is an actively managed fund by The Future Fund. It was launched on Jun 20, 2023. 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.
Performance
FFLS vs. CSM - Performance Comparison
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FFLS vs. CSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FFLS The Future Fund Long/Short ETF | -5.65% | 7.49% | 17.71% | 2.03% |
CSM Proshares Large Cap Core Plus | -5.83% | 21.84% | 22.09% | 10.69% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FFLS having a -5.65% return and CSM slightly lower at -5.83%.
FFLS
- 1D
- 1.08%
- 1M
- -2.66%
- YTD
- -5.65%
- 6M
- -8.08%
- 1Y
- -0.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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FFLS vs. CSM - Expense Ratio Comparison
FFLS has a 1.75% expense ratio, which is higher than CSM's 0.45% expense ratio.
Return for Risk
FFLS vs. CSM — Risk / Return Rank
FFLS
CSM
FFLS vs. CSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Future Fund Long/Short ETF (FFLS) and Proshares Large Cap Core Plus (CSM). 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.
| FFLS | CSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | 0.99 | -1.00 |
Sortino ratioReturn per unit of downside risk | 0.06 | 1.53 | -1.47 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.49 | -1.51 |
Martin ratioReturn relative to average drawdown | -0.06 | 6.81 | -6.87 |
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
| FFLS | CSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 0.99 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.81 | -0.15 |
Correlation
The correlation between FFLS and CSM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FFLS vs. CSM - Dividend Comparison
FFLS's dividend yield for the trailing twelve months is around 6.97%, more than CSM's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLS The Future Fund Long/Short ETF | 6.97% | 6.58% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
FFLS vs. CSM - Drawdown Comparison
The maximum FFLS drawdown since its inception was -11.05%, smaller than the maximum CSM drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for FFLS and CSM.
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Drawdown Indicators
| FFLS | CSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.05% | -36.11% | +25.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -12.92% | +1.87% |
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 | -10.09% | -7.17% | -2.92% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.07% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 2.82% | +1.36% |
Volatility
FFLS vs. CSM - Volatility Comparison
The current volatility for The Future Fund Long/Short ETF (FFLS) is 3.06%, while Proshares Large Cap Core Plus (CSM) has a volatility of 4.79%. This indicates that FFLS experiences smaller price fluctuations and is considered to be less risky than CSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLS | CSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 4.79% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.27% | 9.49% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.24% | 18.97% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 17.12% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 18.37% | -7.18% |