WTIP vs. CSM

Last updated Jun 25, 2026

WTIP (WisdomTree Inflation Plus Fund) and CSM (Proshares Large Cap Core Plus) are both Long-Short funds. WTIP is actively managed, while CSM is passively managed. Over the past year, WTIP returned 18.95% vs 22.54% for CSM. At a 0.17 correlation, their price movements are largely independent. WTIP charges 0.65%/yr vs 0.45%/yr for CSM.

Performance

WTIP vs. CSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inflation Plus Fund (WTIP) and Proshares Large Cap Core Plus (CSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTIP achieves a 4.15% return, which is significantly lower than CSM's 5.82% return.

WTIP

• 1D: -2.14%
• 1M: -10.71%
• YTD: 4.15%
• 6M: 3.35%
• 1Y: 18.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSM

• 1D: -0.26%
• 1M: -1.53%
• YTD: 5.82%
• 6M: 4.63%
• 1Y: 22.54%
• 3Y*: 20.59%
• 5Y*: 12.48%
• 10Y*: 14.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTIP vs. CSM - Yearly Performance Comparison

	2026 (YTD)	2025
WTIP WisdomTree Inflation Plus Fund	4.15%	13.49%
CSM Proshares Large Cap Core Plus	5.82%	18.13%

Correlation

The correlation between WTIP and CSM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.17

Return for Risk

WTIP vs. CSM — Risk / Return Rank

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

WTIP

WTIP Risk / Return Rank: 33
WTIP Sharpe Ratio Rank: 34
WTIP Sortino Ratio Rank: 30
WTIP Omega Ratio Rank: 38
WTIP Calmar Ratio Rank: 26
WTIP Martin Ratio Rank: 38

CSM

CSM Risk / Return Rank: 60
CSM Sharpe Ratio Rank: 62
CSM Sortino Ratio Rank: 61
CSM Omega Ratio Rank: 58
CSM Calmar Ratio Rank: 55
CSM Martin Ratio Rank: 62

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.

WTIP vs. CSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) and Proshares Large Cap Core Plus (CSM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WTIP	CSM	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.83	-0.73
Sortino ratio: Return per unit of downside risk	1.48	2.54	-1.06
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.15	2.41	-1.26
Martin ratio: Return relative to average drawdown	5.29	10.04	-4.75

WTIP vs. CSM - Sharpe Ratio Comparison

The current WTIP Sharpe Ratio is 1.10, which is lower than the CSM Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of WTIP and CSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTIP vs. CSM - Drawdown Comparison

The maximum WTIP drawdown since its inception was -16.52%, smaller than the maximum CSM drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for WTIP and CSM.

Drawdown Indicators

	WTIP	CSM	Difference
Max Drawdown Largest peak-to-trough decline	-16.52%	-36.11%	+19.59%
Max Drawdown (1Y) Largest decline over 1 year	-16.52%	-9.40%	-7.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.11%	—
Current Drawdown Current decline from peak	-16.52%	-3.72%	-12.80%
Average Drawdown Average peak-to-trough decline	-1.98%	-4.03%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.25%	+1.34%

Volatility

WTIP vs. CSM - Volatility Comparison

WisdomTree Inflation Plus Fund (WTIP) has a higher volatility of 10.20% compared to Proshares Large Cap Core Plus (CSM) at 4.46%. This indicates that WTIP's price experiences larger fluctuations and is considered to be riskier than CSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTIP	CSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	4.46%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	16.06%	9.55%	+6.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	12.39%	+4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	17.19%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	18.39%	-1.21%

WTIP vs. CSM - Expense Ratio Comparison

WTIP has a 0.65% expense ratio, which is higher than CSM's 0.45% expense ratio.

Dividends

WTIP vs. CSM - Dividend Comparison

WTIP's dividend yield for the trailing twelve months is around 3.08%, more than CSM's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSM Proshares Large Cap Core Plus	1.03%	1.04%	1.06%	1.17%	1.37%	0.78%	1.21%	1.41%	1.54%	1.28%	1.49%	1.67%
WTIP WisdomTree Inflation Plus Fund	3.08%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTIP and CSM in my portfolio?

WTIP and CSM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTIP or CSM?

WTIP has higher volatility (10.20%) compared to CSM (4.46%). In terms of maximum drawdown, WTIP dropped -16.52% vs CSM's -36.11%.

Which ETF is better, WTIP or CSM?

On 1-year performance, CSM leads with 22.54% vs 18.95% for WTIP. On fees, CSM is cheaper at 0.45% per year. On volatility, CSM has been the lower-risk option at 4.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTIP or CSM?

Over the 1-year period, CSM has performed better with a 22.54% return vs 18.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTIP or CSM?

CSM is cheaper with a 0.45% expense ratio, compared with 0.65% for WTIP.

Which ETF pays a higher dividend yield, WTIP or CSM?

WTIP has the higher dividend yield at 3.08%, compared with 1.03% for CSM.

What is the main difference between WTIP and CSM?

They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.65% for WTIP and 0.45% for CSM.

Which has better risk-adjusted returns?

CSM currently has the higher Sharpe Ratio (1.83 vs 1.10), 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.