IYM vs. CSD
Compare and contrast key facts about iShares U.S. Basic Materials ETF (IYM) and Invesco S&P Spin-Off ETF (CSD).
IYM and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYM is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Basic Materials Index. It was launched on Jun 20, 2000. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off TR. It was launched on Dec 15, 2006. Both IYM and CSD 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: IYM or CSD.
Key characteristics
| IYM | CSD | |
|---|---|---|
| YTD Return | 7.45% | 34.66% |
| 1Y Return | 20.36% | 54.81% |
| 3Y Return (Ann) | 3.10% | 10.84% |
| 5Y Return (Ann) | 10.89% | 13.53% |
| 10Y Return (Ann) | 7.51% | 7.99% |
| Sharpe Ratio | 1.50 | 2.95 |
| Sortino Ratio | 2.12 | 3.81 |
| Omega Ratio | 1.26 | 1.50 |
| Calmar Ratio | 1.28 | 3.64 |
| Martin Ratio | 6.22 | 19.44 |
| Ulcer Index | 3.53% | 2.92% |
| Daily Std Dev | 14.63% | 19.25% |
| Max Drawdown | -67.78% | -70.47% |
| Current Drawdown | -4.17% | 0.00% |
Correlation
The correlation between IYM and CSD is 0.73, 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
IYM vs. CSD - Performance Comparison
In the year-to-date period, IYM achieves a 7.45% return, which is significantly lower than CSD's 34.66% return. Over the past 10 years, IYM has underperformed CSD with an annualized return of 7.51%, while CSD has yielded a comparatively higher 7.99% 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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IYM vs. CSD - Expense Ratio Comparison
IYM has a 0.42% expense ratio, which is lower than CSD's 0.65% expense ratio.
Risk-Adjusted Performance
IYM vs. CSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Basic Materials ETF (IYM) and Invesco S&P Spin-Off ETF (CSD). 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
IYM vs. CSD - Dividend Comparison
IYM's dividend yield for the trailing twelve months is around 1.57%, more than CSD's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYM iShares U.S. Basic Materials ETF | 1.57% | 1.77% | 2.14% | 1.48% | 1.39% | 2.09% | 1.68% | 1.43% | 1.47% | 2.03% | 1.77% | 1.79% |
CSD Invesco S&P Spin-Off ETF | 0.38% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% | 1.64% | 0.19% |
Drawdowns
IYM vs. CSD - Drawdown Comparison
The maximum IYM drawdown since its inception was -67.78%, roughly equal to the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for IYM and CSD. For additional features, visit the drawdowns tool.
Volatility
IYM vs. CSD - Volatility Comparison
The current volatility for iShares U.S. Basic Materials ETF (IYM) is 3.72%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 7.40%. This indicates that IYM experiences smaller price fluctuations and is considered to be less risky than CSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.