LCO vs. CLSM

Last updated Jul 14, 2026

LCO (LOGIQ Contrarian Opportunities ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - LCO is a Diversified Portfolio fund actively managed by LOGIQ, while CLSM is a Tactical Allocation fund tracking the Actively Managed. LCO is actively managed, while CLSM is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. LCO charges 1.13%/yr vs 0.82%/yr for CLSM.

Performance

LCO vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LOGIQ Contrarian Opportunities ETF (LCO) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LCO

• 1D: -1.47%
• 1M: -5.59%
• 6M: 0.58%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLSM

• 1D: -1.38%
• 1M: -1.54%
• 6M: 13.12%
• YTD: 15.94%
• 1Y: 25.23%
• 3Y*: 11.76%
• 5Y*: 3.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCO vs. CLSM - Yearly Performance Comparison

	2026 (YTD)
LCO LOGIQ Contrarian Opportunities ETF	4.57%
CLSM Cabana Target Leading Sector Moderate ETF	14.57%

Correlation

The correlation between LCO and CLSM is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.82

Return for Risk

LCO vs. CLSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CLSM

CLSM Risk / Return Rank: 70
CLSM Sharpe Ratio Rank: 70
CLSM Sortino Ratio Rank: 65
CLSM Omega Ratio Rank: 68
CLSM Calmar Ratio Rank: 74
CLSM Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCO vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LOGIQ Contrarian Opportunities ETF (LCO) and Cabana Target Leading Sector Moderate ETF (CLSM). 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.

	LCO	CLSM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.98	—
Martin ratio: Return relative to average drawdown	—	10.94	—

Drawdowns

LCO vs. CLSM - Drawdown Comparison

The maximum LCO drawdown since its inception was -11.20%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for LCO and CLSM.

Drawdown Indicators

	LCO	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-11.20%	-27.77%	+16.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.77%	—
Current Drawdown Current decline from peak	-9.62%	-4.11%	-5.51%
Average Drawdown Average peak-to-trough decline	-4.89%	-16.20%	+11.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.31%	—

Volatility

Volatility by Period

	LCO	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.38%	14.21%	+11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.38%	12.72%	+12.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.38%	12.72%	+12.66%

LCO vs. CLSM - Expense Ratio Comparison

LCO has a 1.13% expense ratio, which is higher than CLSM's 0.82% expense ratio.

Dividends

LCO vs. CLSM - Dividend Comparison

LCO has not paid dividends to shareholders, while CLSM's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024	2023	2022	2021
CLSM Cabana Target Leading Sector Moderate ETF	0.78%	0.90%	2.13%	2.58%	3.17%	0.59%
LCO LOGIQ Contrarian Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCO and CLSM in my portfolio?

LCO and CLSM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCO or CLSM?

On fees, CLSM is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LCO or CLSM?

CLSM is cheaper with a 0.82% expense ratio, compared with 1.13% for LCO.

Which ETF pays a higher dividend yield, LCO or CLSM?

CLSM has the higher dividend yield at 0.78%, compared with 0.00% for LCO.

What is the main difference between LCO and CLSM?

LCO is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: LOGIQ and Cabana. Their fees differ too: 1.13% for LCO and 0.82% for CLSM.