HTUS vs. CSM
HTUS (Hull Tactical US ETF) and CSM (Proshares Large Cap Core Plus) are both Long-Short funds. HTUS is actively managed, while CSM is passively managed. Over the past 10 years, HTUS returned 12.20%/yr vs 14.43%/yr for CSM. A 0.73 correlation means they provide meaningful diversification when combined. HTUS charges 0.97%/yr vs 0.45%/yr for CSM.
Performance
HTUS vs. CSM - Performance Comparison
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Returns By Period
In the year-to-date period, HTUS achieves a 8.95% return, which is significantly higher than CSM's 6.09% return. Over the past 10 years, HTUS has underperformed CSM with an annualized return of 12.20%, while CSM has yielded a comparatively higher 14.43% annualized return.
HTUS
- 1D
- -1.20%
- 1M
- -0.99%
- YTD
- 8.95%
- 6M
- 8.55%
- 1Y
- 24.12%
- 3Y*
- 20.35%
- 5Y*
- 14.66%
- 10Y*
- 12.20%
CSM
- 1D
- -1.20%
- 1M
- -1.28%
- YTD
- 6.09%
- 6M
- 5.46%
- 1Y
- 24.27%
- 3Y*
- 20.69%
- 5Y*
- 12.67%
- 10Y*
- 14.43%
HTUS vs. CSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 8.95% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
CSM Proshares Large Cap Core Plus | 6.09% | 21.84% | 22.09% | 23.50% | -18.27% | 33.13% | 10.94% | 29.26% | -7.88% | 22.52% |
Correlation
The correlation between HTUS and CSM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2015 | 0.73 |
The correlation between HTUS and CSM shifts across timeframes, from 0.73 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HTUS vs. CSM — Risk / Return Rank
HTUS
CSM
HTUS vs. CSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) 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.
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.
| HTUS | CSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.59 | +0.20 |
| Martin ratioReturn relative to average drawdown | 13.82 | 10.87 | +2.95 |
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Drawdowns
HTUS vs. CSM - Drawdown Comparison
The maximum HTUS drawdown since its inception was -47.50%, which is greater than CSM's maximum drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for HTUS and CSM.
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Drawdown Indicators
| HTUS | CSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -36.11% | -11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -9.40% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -18.30% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | -23.82% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -36.11% | -11.39% |
Current DrawdownCurrent decline from peak | -2.67% | -3.47% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -4.03% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.24% | -0.49% |
Volatility
HTUS vs. CSM - Volatility Comparison
The current volatility for Hull Tactical US ETF (HTUS) is 4.02%, while Proshares Large Cap Core Plus (CSM) has a volatility of 4.50%. This indicates that HTUS 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
| HTUS | CSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 4.50% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 9.57% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 12.42% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 17.19% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 18.39% | +3.10% |
HTUS vs. CSM - Expense Ratio Comparison
HTUS has a 0.97% expense ratio, which is higher than CSM's 0.45% expense ratio.
Dividends
HTUS vs. CSM - Dividend Comparison
HTUS's dividend yield for the trailing twelve months is around 10.91%, more than CSM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.03% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
HTUS Hull Tactical US ETF | 10.91% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, HTUS and CSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CSM has higher volatility (4.50%) compared to HTUS (4.02%). In terms of maximum drawdown, HTUS dropped -47.50% vs CSM's -36.11%.
On 10-year performance, CSM leads with 14.43% vs 12.20% for HTUS. On fees, CSM is cheaper at 0.45% per year. On volatility, HTUS has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CSM has performed better with a 14.43% return vs 12.20%. 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 0.97% for HTUS.
HTUS has the higher dividend yield at 10.91%, compared with 1.03% for CSM.
They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 0.97% for HTUS and 0.45% for CSM.
HTUS currently has the higher Sharpe Ratio (2.02 vs 1.97), 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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