SOVF vs. CSD
Compare and contrast key facts about Sovereign's Capital Flourish Fund (SOVF) and Invesco S&P Spin-Off ETF (CSD).
SOVF and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOVF is an actively managed fund by Sovereign's. It was launched on Oct 2, 2023. 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.
Performance
SOVF vs. CSD - Performance Comparison
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SOVF vs. CSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOVF Sovereign's Capital Flourish Fund | -8.12% | -4.38% | 8.67% | 16.18% |
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 19.95% |
Returns By Period
In the year-to-date period, SOVF achieves a -8.12% return, which is significantly lower than CSD's 12.97% return.
SOVF
- 1D
- 0.79%
- 1M
- -5.40%
- YTD
- -8.12%
- 6M
- -10.79%
- 1Y
- -9.07%
- 3Y*
- —
- 5Y*
- —
- 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%
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SOVF vs. CSD - Expense Ratio Comparison
SOVF has a 0.75% expense ratio, which is higher than CSD's 0.65% expense ratio.
Return for Risk
SOVF vs. CSD — Risk / Return Rank
SOVF
CSD
SOVF vs. CSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sovereign's Capital Flourish Fund (SOVF) 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.
| SOVF | CSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | 1.74 | -2.19 |
Sortino ratioReturn per unit of downside risk | -0.54 | 2.30 | -2.84 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.33 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.99 | -3.60 |
Martin ratioReturn relative to average drawdown | -1.40 | 12.37 | -13.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOVF | CSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 1.74 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.39 | -0.14 |
Correlation
The correlation between SOVF and CSD is 0.75, 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
SOVF vs. CSD - Dividend Comparison
SOVF's dividend yield for the trailing twelve months is around 0.84%, more than CSD's 0.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOVF Sovereign's Capital Flourish Fund | 0.84% | 0.77% | 0.30% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
SOVF vs. CSD - Drawdown Comparison
The maximum SOVF drawdown since its inception was -21.74%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for SOVF and CSD.
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Drawdown Indicators
| SOVF | CSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -70.47% | +48.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -17.08% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.55% | — |
Current DrawdownCurrent decline from peak | -19.17% | -7.06% | -12.11% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -14.35% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 4.13% | +2.13% |
Volatility
SOVF vs. CSD - Volatility Comparison
The current volatility for Sovereign's Capital Flourish Fund (SOVF) is 4.10%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 10.52%. This indicates that SOVF 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.
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Volatility by Period
| SOVF | CSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 10.52% | -6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 19.01% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 29.16% | -9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 23.04% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 24.69% | -7.15% |