NTSE vs. CLSM

Last updated Jun 4, 2026

NTSE (WisdomTree Emerging Markets Efficient Core Fund) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while CLSM is a Tactical Allocation fund tracking the Actively Managed. NTSE is actively managed, while CLSM is passively managed. Over the past 3 years, NTSE returned 25.03%/yr vs 13.75%/yr for CLSM. A 0.52 correlation means they provide meaningful diversification when combined. NTSE charges 0.38%/yr vs 0.82%/yr for CLSM.

Performance

NTSE vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Efficient Core Fund (NTSE) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NTSE achieves a 32.02% return, which is significantly higher than CLSM's 20.45% return.

NTSE

• 1D: -1.17%
• 1M: 11.32%
• YTD: 32.02%
• 6M: 34.98%
• 1Y: 64.08%
• 3Y*: 25.03%
• 5Y*: 6.43%
• 10Y*: —

CLSM

• 1D: -0.38%
• 1M: 9.23%
• YTD: 20.45%
• 6M: 20.19%
• 1Y: 34.21%
• 3Y*: 13.75%
• 5Y*: —
• 10Y*: —

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

NTSE vs. CLSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NTSE WisdomTree Emerging Markets Efficient Core Fund	32.02%	36.29%	4.42%	9.47%	-26.31%	-6.91%
CLSM Cabana Target Leading Sector Moderate ETF	20.45%	15.32%	1.87%	3.78%	-23.23%	9.10%

Correlation

The correlation between NTSE and CLSM is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.52

Over the past year, NTSE and CLSM have become more correlated (0.74) than their long-term average of 0.52, meaning their price movements have been converging.

NTSE vs. CLSM - Sectors Allocation Comparison

Sectors	NTSE	CLSM
Consumer Cyclical	2.2%	4.4%
Financial Services	2.1%	0.1%
Communication Services	1.8%	5.5%
Technology	0.8%	51.8%
Basic Materials	0.5%	0.4%
Consumer Defensive	0.3%	34.8%
Industrials	0.2%	1.0%
Healthcare	0.2%	1.4%
Energy	0.1%	0.2%
Real Estate	0.1%	0.0%
Utilities	0.0%	0.5%

Return for Risk

NTSE vs. CLSM — Risk / Return Rank

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

NTSE

NTSE Risk / Return Rank: 87
NTSE Sharpe Ratio Rank: 90
NTSE Sortino Ratio Rank: 88
NTSE Omega Ratio Rank: 89
NTSE Calmar Ratio Rank: 83
NTSE Martin Ratio Rank: 84

CLSM

CLSM Risk / Return Rank: 82
CLSM Sharpe Ratio Rank: 83
CLSM Sortino Ratio Rank: 80
CLSM Omega Ratio Rank: 83
CLSM Calmar Ratio Rank: 80
CLSM Martin Ratio Rank: 83

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.

NTSE vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.

	NTSE	CLSM	Difference
Sharpe ratio: Return per unit of total volatility	3.11	2.71	+0.40
Sortino ratio: Return per unit of downside risk	4.07	3.58	+0.49
Omega ratio: Gain probability vs. loss probability	1.57	1.50	+0.07
Calmar ratio: Return relative to maximum drawdown	4.54	4.04	+0.49
Martin ratio: Return relative to average drawdown	17.57	16.72	+0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSE vs. CLSM - Sharpe Ratio Comparison

The current NTSE Sharpe Ratio is 3.11, which is comparable to the CLSM Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of NTSE and CLSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NTSE	CLSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	2.71	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.35	+0.04

Drawdowns

NTSE vs. CLSM - Drawdown Comparison

The maximum NTSE drawdown since its inception was -42.84%, which is greater than CLSM's maximum drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for NTSE and CLSM.

Drawdown Indicators

	NTSE	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-27.77%	-15.07%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	-8.50%	-5.70%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	-14.60%	-4.13%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	—	—
Current Drawdown Current decline from peak	-1.17%	-0.38%	-0.79%
Average Drawdown Average peak-to-trough decline	-19.74%	-16.49%	-3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.05%	+1.61%

Volatility

NTSE vs. CLSM - Volatility Comparison

WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a higher volatility of 9.08% compared to Cabana Target Leading Sector Moderate ETF (CLSM) at 3.58%. This indicates that NTSE's price experiences larger fluctuations and is considered to be riskier than CLSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSE	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	3.58%	+5.50%
Volatility (6M) Calculated over the trailing 6-month period	18.18%	10.54%	+7.64%
Volatility (1Y) Calculated over the trailing 1-year period	20.73%	12.70%	+8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	12.47%	+6.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	12.47%	+6.76%

NTSE vs. CLSM - Expense Ratio Comparison

NTSE has a 0.38% expense ratio, which is lower than CLSM's 0.82% expense ratio.

Dividends

NTSE vs. CLSM - Dividend Comparison

NTSE's dividend yield for the trailing twelve months is around 2.51%, more than CLSM's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021
CLSM Cabana Target Leading Sector Moderate ETF	0.75%	0.90%	2.13%	2.58%	3.17%	0.59%
NTSE WisdomTree Emerging Markets Efficient Core Fund	2.51%	3.35%	3.23%	2.44%	3.22%	2.10%

Frequently Asked Questions

Can I hold both NTSE and CLSM in my portfolio?

NTSE and CLSM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSE or CLSM?

NTSE has higher volatility (9.08%) compared to CLSM (3.58%). In terms of maximum drawdown, NTSE dropped -42.84% vs CLSM's -27.77%.

Which ETF is better, NTSE or CLSM?

On 3-year performance, NTSE leads with 25.03% vs 13.75% for CLSM. On fees, NTSE is cheaper at 0.38% per year. On volatility, CLSM has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSE or CLSM?

Over the 3-year period, NTSE has performed better with a 25.03% return vs 13.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSE or CLSM?

NTSE is cheaper with a 0.38% expense ratio, compared with 0.82% for CLSM.

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

NTSE has the higher dividend yield at 2.51%, compared with 0.75% for CLSM.

What is the main difference between NTSE and CLSM?

NTSE is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: WisdomTree and Cabana. Their fees differ too: 0.38% for NTSE and 0.82% for CLSM.

Which has better risk-adjusted returns?

NTSE currently has the higher Sharpe Ratio (3.11 vs 2.71), 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.