PRTO vs. CLSM

Last updated Jun 3, 2026

PRTO (RCN Pareto Strategic Allocation ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both Tactical Allocation funds. PRTO is actively managed, while CLSM is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.82% expense ratio.

Performance

PRTO vs. CLSM - Performance Comparison

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

Returns By Period

PRTO

• 1D: 0.51%
• 1M: 2.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

PRTO vs. CLSM - Yearly Performance Comparison

	2026 (YTD)
PRTO RCN Pareto Strategic Allocation ETF	10.96%
CLSM Cabana Target Leading Sector Moderate ETF	21.34%

Correlation

The correlation between PRTO and CLSM is 0.87, 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 Mar 26, 2026	0.87

Return for Risk

PRTO vs. CLSM — Risk / Return Rank

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

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.

PRTO vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RCN Pareto Strategic Allocation ETF (PRTO) 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.

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

Sharpe Ratios by Period

	PRTO	CLSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.38	0.35	+5.03

Drawdowns

PRTO vs. CLSM - Drawdown Comparison

The maximum PRTO drawdown since its inception was -2.98%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for PRTO and CLSM.

Drawdown Indicators

	PRTO	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-2.98%	-27.77%	+24.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.60%	—
Current Drawdown Current decline from peak	0.00%	-0.38%	+0.38%
Average Drawdown Average peak-to-trough decline	-0.55%	-16.49%	+15.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	PRTO	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	12.70%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	12.47%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	12.47%	+1.55%

PRTO vs. CLSM - Expense Ratio Comparison

Both PRTO and CLSM have an expense ratio of 0.82%.

Dividends

PRTO vs. CLSM - Dividend Comparison

PRTO has not paid dividends to shareholders, while CLSM's dividend yield for the trailing twelve months is around 0.75%.

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%
PRTO RCN Pareto Strategic Allocation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRTO and CLSM in my portfolio?

PRTO and CLSM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRTO or CLSM?

Both ETFs have the same 0.82% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRTO or CLSM?

PRTO and CLSM have the same expense ratio: 0.82% per year.

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

CLSM has the higher dividend yield at 0.75%, compared with 0.00% for PRTO.

What is the main difference between PRTO and CLSM?

They also come from different issuers: Tidal and Cabana.