TUSA vs. CSD
Compare and contrast key facts about First Trust Total US Market AlphaDEX ETF (TUSA) and Invesco S&P Spin-Off ETF (CSD).
TUSA and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TUSA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Total US Market Index. It was launched on Dec 5, 2006. 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. Both TUSA and CSD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TUSA vs. CSD - Performance Comparison
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TUSA vs. CSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TUSA First Trust Total US Market AlphaDEX ETF | 7.34% | 13.64% | 11.12% | 11.75% | -13.54% | 24.79% | 14.16% | 24.29% | -10.35% | 20.07% |
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -17.82% | 20.64% |
Returns By Period
In the year-to-date period, TUSA achieves a 7.34% return, which is significantly lower than CSD's 12.97% return. Over the past 10 years, TUSA has underperformed CSD with an annualized return of 11.06%, while CSD has yielded a comparatively higher 12.09% annualized return.
TUSA
- 1D
- 0.71%
- 1M
- -2.93%
- YTD
- 7.34%
- 6M
- 9.57%
- 1Y
- 20.58%
- 3Y*
- 14.86%
- 5Y*
- 7.57%
- 10Y*
- 11.06%
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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TUSA vs. CSD - Expense Ratio Comparison
TUSA has a 0.70% expense ratio, which is higher than CSD's 0.65% expense ratio.
Return for Risk
TUSA vs. CSD — Risk / Return Rank
TUSA
CSD
TUSA vs. CSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Total US Market AlphaDEX ETF (TUSA) 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.
| TUSA | CSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.74 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.30 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.99 | -1.33 |
Martin ratioReturn relative to average drawdown | 7.46 | 12.37 | -4.90 |
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
| TUSA | CSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.74 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.55 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.49 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.39 | -0.07 |
Correlation
The correlation between TUSA and CSD is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TUSA vs. CSD - Dividend Comparison
TUSA's dividend yield for the trailing twelve months is around 1.64%, more than CSD's 0.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUSA First Trust Total US Market AlphaDEX ETF | 1.64% | 1.59% | 2.05% | 2.15% | 2.31% | 0.72% | 0.99% | 1.13% | 1.14% | 0.79% | 1.24% | 0.95% |
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
TUSA vs. CSD - Drawdown Comparison
The maximum TUSA drawdown since its inception was -56.53%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for TUSA and CSD.
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Drawdown Indicators
| TUSA | CSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.53% | -70.47% | +13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -17.08% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -30.15% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -57.55% | +15.08% |
Current DrawdownCurrent decline from peak | -3.74% | -7.06% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -14.35% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 4.13% | -1.24% |
Volatility
TUSA vs. CSD - Volatility Comparison
The current volatility for First Trust Total US Market AlphaDEX ETF (TUSA) is 2.94%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 10.52%. This indicates that TUSA 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
| TUSA | CSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 10.52% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 19.01% | -9.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 29.16% | -11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 23.04% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 24.69% | -4.55% |