LOGO vs. CSD

Last updated Jun 25, 2026

LOGO (Alpha Brands Consumption Leaders ETF) and CSD (Invesco S&P Spin-Off ETF) are both Mid Cap Blend Equities funds. LOGO is actively managed, while CSD is passively managed. Over the past year, LOGO returned -1.07% vs 74.47% for CSD. A 0.59 correlation means they provide meaningful diversification when combined. LOGO charges 0.69%/yr vs 0.65%/yr for CSD.

Performance

LOGO vs. CSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Brands Consumption Leaders ETF (LOGO) and Invesco S&P Spin-Off ETF (CSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOGO achieves a -4.41% return, which is significantly lower than CSD's 45.22% return.

LOGO

• 1D: 0.00%
• 1M: -3.87%
• YTD: -4.41%
• 6M: -5.79%
• 1Y: -1.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSD

• 1D: 0.81%
• 1M: 6.79%
• YTD: 45.22%
• 6M: 41.94%
• 1Y: 74.47%
• 3Y*: 38.34%
• 5Y*: 18.07%
• 10Y*: 15.04%

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

LOGO vs. CSD - Yearly Performance Comparison

	2026 (YTD)	2025
LOGO Alpha Brands Consumption Leaders ETF	-4.41%	4.84%
CSD Invesco S&P Spin-Off ETF	45.22%	23.77%

Correlation

The correlation between LOGO and CSD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.59

The correlation between LOGO and CSD has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.

Return for Risk

LOGO vs. CSD — Risk / Return Rank

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

LOGO

LOGO Risk / Return Rank: 8
LOGO Sharpe Ratio Rank: 9
LOGO Sortino Ratio Rank: 8
LOGO Omega Ratio Rank: 8
LOGO Calmar Ratio Rank: 9
LOGO Martin Ratio Rank: 8

CSD

CSD Risk / Return Rank: 92
CSD Sharpe Ratio Rank: 93
CSD Sortino Ratio Rank: 91
CSD Omega Ratio Rank: 88
CSD Calmar Ratio Rank: 94
CSD Martin Ratio Rank: 95

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.

LOGO vs. CSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Brands Consumption Leaders ETF (LOGO) 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.

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.

	LOGO	CSD	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	3.03	-3.10
Sortino ratio: Return per unit of downside risk	0.02	3.77	-3.75
Omega ratio: Gain probability vs. loss probability	1.00	1.48	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.06	6.60	-6.66
Martin ratio: Return relative to average drawdown	-0.14	25.76	-25.90

LOGO vs. CSD - Sharpe Ratio Comparison

The current LOGO Sharpe Ratio is -0.07, which is lower than the CSD Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of LOGO and CSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LOGO vs. CSD - Drawdown Comparison

The maximum LOGO drawdown since its inception was -18.34%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for LOGO and CSD.

Drawdown Indicators

	LOGO	CSD	Difference
Max Drawdown Largest peak-to-trough decline	-18.34%	-70.47%	+52.13%
Max Drawdown (1Y) Largest decline over 1 year	-18.34%	-11.34%	-7.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.55%	—
Current Drawdown Current decline from peak	-10.90%	-1.83%	-9.07%
Average Drawdown Average peak-to-trough decline	-5.89%	-14.19%	+8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.64%	2.90%	+4.74%

Volatility

LOGO vs. CSD - Volatility Comparison

Alpha Brands Consumption Leaders ETF (LOGO) has a higher volatility of 8.75% compared to Invesco S&P Spin-Off ETF (CSD) at 7.76%. This indicates that LOGO's price experiences larger fluctuations and is considered to be riskier than CSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOGO	CSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	7.76%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	13.28%	18.71%	-5.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	24.71%	-8.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	23.43%	-7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	24.90%	-9.15%

LOGO vs. CSD - Expense Ratio Comparison

LOGO has a 0.69% expense ratio, which is higher than CSD's 0.65% expense ratio.

Dividends

LOGO vs. CSD - Dividend Comparison

LOGO has not paid dividends to shareholders, while CSD's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSD Invesco S&P Spin-Off ETF	0.11%	0.16%	0.17%	0.51%	0.86%	0.73%	0.99%	1.08%	0.99%	0.60%	1.62%	2.61%
LOGO Alpha Brands Consumption Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOGO and CSD in my portfolio?

LOGO and CSD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOGO or CSD?

LOGO has higher volatility (8.75%) compared to CSD (7.76%). In terms of maximum drawdown, LOGO dropped -18.34% vs CSD's -70.47%.

Which ETF is better, LOGO or CSD?

On 1-year performance, CSD leads with 74.47% vs -1.07% for LOGO. On fees, CSD is cheaper at 0.65% per year. On volatility, CSD has been the lower-risk option at 7.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOGO or CSD?

Over the 1-year period, CSD has performed better with a 74.47% return vs -1.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOGO or CSD?

CSD is cheaper with a 0.65% expense ratio, compared with 0.69% for LOGO.

Which ETF pays a higher dividend yield, LOGO or CSD?

CSD has the higher dividend yield at 0.11%, compared with 0.00% for LOGO.

What is the main difference between LOGO and CSD?

They also come from different issuers: Alpha Brands and Invesco. Their fees differ too: 0.69% for LOGO and 0.65% for CSD.

Which has better risk-adjusted returns?

CSD currently has the higher Sharpe Ratio (3.03 vs -0.07), 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.