LSAF vs. CSD
Compare and contrast key facts about LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Invesco S&P Spin-Off ETF (CSD).
LSAF and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LSAF is a passively managed fund by Redwood that tracks the performance of the AlphaFactor US Core Equity Index. It was launched on Oct 2, 2018. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off Index. It was launched on Dec 15, 2006. Both LSAF 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.
Performance
LSAF vs. CSD - Performance Comparison
Loading graphics...
LSAF vs. CSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 1.81% | 12.01% | 18.09% | 15.48% | -13.12% | 22.75% | 6.92% | 28.35% | -15.47% |
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -21.47% |
Returns By Period
In the year-to-date period, LSAF achieves a 1.81% return, which is significantly lower than CSD's 12.97% return.
LSAF
- 1D
- 2.31%
- 1M
- -3.24%
- YTD
- 1.81%
- 6M
- 3.31%
- 1Y
- 16.99%
- 3Y*
- 15.43%
- 5Y*
- 8.67%
- 10Y*
- —
CSD
- 1D
- 4.82%
- 1M
- -6.74%
- YTD
- 12.97%
- 6M
- 21.17%
- 1Y
- 50.42%
- 3Y*
- 26.15%
- 5Y*
- 12.70%
- 10Y*
- 12.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LSAF vs. CSD - Expense Ratio Comparison
LSAF has a 0.75% expense ratio, which is higher than CSD's 0.65% expense ratio.
Return for Risk
LSAF vs. CSD — Risk / Return Rank
LSAF
CSD
LSAF vs. CSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares AlphaFactor US Core Equity ETF (LSAF) 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.
| LSAF | CSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.74 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.38 | 2.30 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.99 | -1.63 |
Martin ratioReturn relative to average drawdown | 6.16 | 12.37 | -6.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LSAF | CSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.74 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.55 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.39 | +0.03 |
Correlation
The correlation between LSAF and CSD is 0.85, 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.
Dividends
LSAF vs. CSD - Dividend Comparison
LSAF's dividend yield for the trailing twelve months is around 0.67%, more than CSD's 0.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 0.67% | 0.69% | 0.42% | 0.84% | 0.96% | 0.37% | 0.53% | 0.71% | 0.20% | 0.00% | 0.00% | 0.00% |
CSD Invesco S&P Spin-Off ETF | 0.14% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
Drawdowns
LSAF vs. CSD - Drawdown Comparison
The maximum LSAF drawdown since its inception was -41.67%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for LSAF and CSD.
Loading graphics...
Drawdown Indicators
| LSAF | CSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -70.47% | +28.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -17.08% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -30.15% | +5.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.55% | — |
Current DrawdownCurrent decline from peak | -4.42% | -7.06% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -14.35% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.13% | -1.27% |
Volatility
LSAF vs. CSD - Volatility Comparison
The current volatility for LeaderShares AlphaFactor US Core Equity ETF (LSAF) is 5.02%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 10.52%. This indicates that LSAF 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.
Loading graphics...
Volatility by Period
| LSAF | CSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 10.52% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 19.01% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 29.16% | -9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 23.04% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 24.69% | -2.65% |