NTSX vs. CLSM

Last updated Jun 4, 2026

NTSX (WisdomTree U.S. Efficient Core Fund) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - NTSX is a Diversified Portfolio fund actively managed by WisdomTree, while CLSM is a Tactical Allocation fund tracking the Actively Managed. NTSX is actively managed, while CLSM is passively managed. Over the past 3 years, NTSX returned 19.38%/yr vs 13.75%/yr for CLSM. A 0.69 correlation means they provide meaningful diversification when combined. NTSX charges 0.20%/yr vs 0.82%/yr for CLSM.

Performance

NTSX vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Efficient Core Fund (NTSX) 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, NTSX achieves a 8.62% return, which is significantly lower than CLSM's 20.45% return.

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 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)

NTSX vs. CLSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	22.70%	-25.84%	7.52%
CLSM Cabana Target Leading Sector Moderate ETF	20.45%	15.32%	1.87%	3.78%	-23.23%	9.10%

Correlation

The correlation between NTSX and CLSM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.69

The correlation between NTSX and CLSM shifts across timeframes, from 0.69 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

NTSX vs. CLSM - Sectors Allocation Comparison

Sectors	NTSX	CLSM
Technology	35.1%	51.8%
Communication Services	12.5%	5.5%
Financial Services	12.3%	0.1%
Consumer Cyclical	10.1%	4.4%
Healthcare	8.4%	1.4%
Industrials	7.7%	1.0%
Consumer Defensive	5.5%	34.8%
Energy	3.5%	0.2%
Utilities	2.1%	0.5%
Real Estate	1.5%	0.0%
Basic Materials	1.4%	0.4%

Return for Risk

NTSX vs. CLSM — Risk / Return Rank

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

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

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.

NTSX vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Efficient Core Fund (NTSX) 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.

	NTSX	CLSM	Difference
Sharpe ratio Return per unit of total volatility	2.06	2.71	-0.64
Sortino ratio Return per unit of downside risk	2.81	3.58	-0.78
Omega ratio Gain probability vs. loss probability	1.37	1.50	-0.13
Calmar ratio Return relative to maximum drawdown	2.77	4.04	-1.27
Martin ratio Return relative to average drawdown	12.25	16.72	-4.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSX vs. CLSM - Sharpe Ratio Comparison

The current NTSX Sharpe Ratio is 2.06, which is comparable to the CLSM Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of NTSX 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

	NTSX	CLSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.71	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.35	+0.36

Drawdowns

NTSX vs. CLSM - Drawdown Comparison

The maximum NTSX drawdown since its inception was -31.34%, which is greater than CLSM's maximum drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for NTSX and CLSM.

Drawdown Indicators

	NTSX	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-27.77%	-3.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-8.50%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-14.60%	-2.22%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	—	—
Current Drawdown Current decline from peak	-1.05%	-0.38%	-0.67%
Average Drawdown Average peak-to-trough decline	-6.79%	-16.49%	+9.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.05%	+0.02%

Volatility

NTSX vs. CLSM - Volatility Comparison

The current volatility for WisdomTree U.S. Efficient Core Fund (NTSX) is 3.39%, while Cabana Target Leading Sector Moderate ETF (CLSM) has a volatility of 3.58%. This indicates that NTSX experiences smaller price fluctuations and is considered to be less risky than CLSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSX	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.58%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	10.54%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	12.70%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	12.47%	+4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	12.47%	+5.80%

NTSX vs. CLSM - Expense Ratio Comparison

NTSX has a 0.20% expense ratio, which is lower than CLSM's 0.82% expense ratio.

Dividends

NTSX vs. CLSM - Dividend Comparison

NTSX's dividend yield for the trailing twelve months is around 1.08%, more than CLSM's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CLSM Cabana Target Leading Sector Moderate ETF	0.75%	0.90%	2.13%	2.58%	3.17%	0.59%	0.00%	0.00%	0.00%
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%

Frequently Asked Questions

Can I hold both NTSX and CLSM in my portfolio?

NTSX and CLSM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSX or CLSM?

CLSM has higher volatility (3.58%) compared to NTSX (3.39%). In terms of maximum drawdown, NTSX dropped -31.34% vs CLSM's -27.77%.

Which ETF is better, NTSX or CLSM?

On 3-year performance, NTSX leads with 19.38% vs 13.75% for CLSM. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSX or CLSM?

Over the 3-year period, NTSX has performed better with a 19.38% return vs 13.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSX or CLSM?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.82% for CLSM.

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

NTSX has the higher dividend yield at 1.08%, compared with 0.75% for CLSM.

What is the main difference between NTSX and CLSM?

NTSX is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: WisdomTree and Cabana. Their fees differ too: 0.20% for NTSX and 0.82% for CLSM.

Which has better risk-adjusted returns?

CLSM currently has the higher Sharpe Ratio (2.71 vs 2.06), 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.