WAMA vs. CLSM

Last updated Jun 4, 2026

WAMA (WisdomTree U.S. Adaptive Moving Average Fund) and CLSM (Cabana Target Leading Sector Moderate ETF) are both Tactical Allocation funds - WAMA tracks the WisdomTree U.S. Adaptive Moving Average Index while CLSM tracks the Actively Managed. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. WAMA charges 0.32%/yr vs 0.82%/yr for CLSM.

Performance

WAMA vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Adaptive Moving Average Fund (WAMA) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAMA

• 1D: -0.73%
• 1M: —
• 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)

WAMA vs. CLSM - Yearly Performance Comparison

	2026 (YTD)
WAMA WisdomTree U.S. Adaptive Moving Average Fund	2.77%
CLSM Cabana Target Leading Sector Moderate ETF	5.83%

Correlation

The correlation between WAMA and CLSM is 0.95, 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 May 7, 2026	0.95

Return for Risk

WAMA 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.

WAMA vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Adaptive Moving Average Fund (WAMA) 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

	WAMA	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	4.87	0.35	+4.52

Drawdowns

WAMA vs. CLSM - Drawdown Comparison

The maximum WAMA drawdown since its inception was -1.91%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for WAMA and CLSM.

Drawdown Indicators

	WAMA	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-1.91%	-27.77%	+25.86%
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	-0.73%	-0.38%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.39%	-16.49%	+16.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	WAMA	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	9.20%	12.70%	-3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.20%	12.47%	-3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	12.47%	-3.27%

WAMA vs. CLSM - Expense Ratio Comparison

WAMA has a 0.32% expense ratio, which is lower than CLSM's 0.82% expense ratio.

Dividends

WAMA vs. CLSM - Dividend Comparison

WAMA 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%
WAMA WisdomTree U.S. Adaptive Moving Average Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAMA and CLSM in my portfolio?

With a correlation of 0.95, WAMA and CLSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WAMA or CLSM?

On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAMA or CLSM?

WAMA is cheaper with a 0.32% expense ratio, compared with 0.82% for CLSM.

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

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

What is the main difference between WAMA and CLSM?

WAMA tracks WisdomTree U.S. Adaptive Moving Average Index, while CLSM tracks Actively Managed. They also come from different issuers: WisdomTree and Cabana. Their fees differ too: 0.32% for WAMA and 0.82% for CLSM.