RISN vs. CLSM

Last updated Jun 4, 2026

RISN (Inspire Tactical Balanced ESG ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - RISN is a Diversified Portfolio fund actively managed by Inspire, while CLSM is a Tactical Allocation fund tracking the Actively Managed. RISN is actively managed, while CLSM is passively managed. Over the past 3 years, RISN returned 12.08%/yr vs 13.75%/yr for CLSM. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.82% expense ratio.

Performance

RISN vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Tactical Balanced ESG ETF (RISN) 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, RISN achieves a 6.51% return, which is significantly lower than CLSM's 20.45% return.

RISN

• 1D: -0.29%
• 1M: 4.49%
• YTD: 6.51%
• 6M: 4.83%
• 1Y: 15.61%
• 3Y*: 12.08%
• 5Y*: 4.57%
• 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)

RISN vs. CLSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RISN Inspire Tactical Balanced ESG ETF	6.51%	10.83%	7.61%	10.29%	-18.06%	6.76%
CLSM Cabana Target Leading Sector Moderate ETF	20.45%	15.32%	1.87%	3.78%	-23.23%	9.10%

Correlation

The correlation between RISN and CLSM is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.61

The correlation between RISN and CLSM has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

RISN vs. CLSM - Sectors Allocation Comparison

Sectors	RISN	CLSM
Industrials	27.1%	1.0%
Financial Services	22.2%	0.1%
Technology	18.6%	51.8%
Consumer Cyclical	10.9%	4.4%
Energy	6.8%	0.2%
Healthcare	4.5%	1.4%
Communication Services	4.0%	5.5%
Basic Materials	2.7%	0.4%
Consumer Defensive	2.6%	34.8%
Real Estate	-	0.0%
Utilities	-	0.5%

Return for Risk

RISN vs. CLSM — Risk / Return Rank

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

RISN

RISN Risk / Return Rank: 39
RISN Sharpe Ratio Rank: 37
RISN Sortino Ratio Rank: 37
RISN Omega Ratio Rank: 33
RISN Calmar Ratio Rank: 43
RISN Martin Ratio Rank: 44

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.

RISN vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Tactical Balanced ESG ETF (RISN) 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.

	RISN	CLSM	Difference
Sharpe ratio: Return per unit of total volatility	1.32	2.71	-1.39
Sortino ratio: Return per unit of downside risk	1.92	3.58	-1.66
Omega ratio: Gain probability vs. loss probability	1.23	1.50	-0.27
Calmar ratio: Return relative to maximum drawdown	2.11	4.04	-1.93
Martin ratio: Return relative to average drawdown	7.14	16.72	-9.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RISN vs. CLSM - Sharpe Ratio Comparison

The current RISN Sharpe Ratio is 1.32, which is lower than the CLSM Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of RISN 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

	RISN	CLSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.71	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.35	+0.30

Drawdowns

RISN vs. CLSM - Drawdown Comparison

The maximum RISN drawdown since its inception was -21.88%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for RISN and CLSM.

Drawdown Indicators

	RISN	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-21.88%	-27.77%	+5.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.42%	-8.50%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	-14.60%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	—	—
Current Drawdown Current decline from peak	-0.29%	-0.38%	+0.09%
Average Drawdown Average peak-to-trough decline	-7.52%	-16.49%	+8.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.05%	+0.14%

Volatility

RISN vs. CLSM - Volatility Comparison

Inspire Tactical Balanced ESG ETF (RISN) has a higher volatility of 3.79% compared to Cabana Target Leading Sector Moderate ETF (CLSM) at 3.58%. This indicates that RISN'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

	RISN	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.58%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	10.54%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	12.70%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.18%	12.47%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	12.47%	-1.13%

RISN vs. CLSM - Expense Ratio Comparison

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

Dividends

RISN vs. CLSM - Dividend Comparison

RISN's dividend yield for the trailing twelve months is around 1.03%, more than CLSM's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CLSM Cabana Target Leading Sector Moderate ETF	0.75%	0.90%	2.13%	2.58%	3.17%	0.59%	0.00%
RISN Inspire Tactical Balanced ESG ETF	1.03%	0.98%	1.39%	2.05%	1.27%	9.74%	4.71%

Frequently Asked Questions

Can I hold both RISN and CLSM in my portfolio?

RISN and CLSM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RISN or CLSM?

RISN has higher volatility (3.79%) compared to CLSM (3.58%). In terms of maximum drawdown, RISN dropped -21.88% vs CLSM's -27.77%.

Which ETF is better, RISN or CLSM?

On 3-year performance, CLSM leads with 13.75% vs 12.08% for RISN. Both ETFs have the same 0.82% expense ratio. 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, RISN or CLSM?

Over the 3-year period, CLSM has performed better with a 13.75% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RISN or CLSM?

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

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

RISN has the higher dividend yield at 1.03%, compared with 0.75% for CLSM.

What is the main difference between RISN and CLSM?

RISN is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: Inspire and Cabana.

Which has better risk-adjusted returns?

CLSM currently has the higher Sharpe Ratio (2.71 vs 1.32), 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.