CSD vs VTI
Invesco S&P Spin-Off ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. CSD delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | CSD | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $229M | $663.5B | |
| Dividend Yield | 0.11% | 1.07% | |
| Holdings | 27 | 3,543 | |
| YTD Return | +30.23% | +14.16% | |
| 1Y Return | +56.10% | +23.62% | |
| 3Y Return (annualized) | +31.56% | +21.43% | |
| 5Y Return (annualized) | +15.97% | +12.33% | |
| Volatility (annualized) | 22.4% | 15.3% | |
| Max Drawdown | -70.5% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2006 | May 24, 2001 |
CSD vs VTI Performance
Invesco S&P Spin-Off ETF (CSD) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CSD returned +56.10% while VTI returned +23.62%. Year to date, CSD is up 30.23% versus a gain of 14.16% for VTI.
Over three years, CSD compounded at +31.56% per year against +21.43% for VTI; over five years the annualized figures are +15.97% and +12.33% respectively. Across the full 20-year window we track, CSD has the edge at +9.93% annualized vs +8.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CSD has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 15.3% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.5% for CSD and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CSD charges 0.65% per year while VTI charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CSD currently yields 0.11% against 1.07% for VTI.
Holdings Overlap
CSD and VTI share 24 holdings out of 2785 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSD or VTI?
CSD has an expense ratio of 0.65% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, CSD or VTI?
Over the past year CSD returned +56.10% vs +23.62% for VTI, so CSD leads on 1-year performance. Over the longest common window we track (20 years), CSD annualized +9.93% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, CSD or VTI?
CSD has been the more volatile fund at 22.4% annualized versus 15.3% for VTI. Worst drawdown: CSD -70.5% vs VTI -56.6%.
Should I hold both CSD and VTI?
CSD and VTI have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSD and VTI?
CSD and VTI share 24 common holdings with a 1.1% weight overlap. Combined, they hold 2785 unique securities.
Which pays a higher dividend, CSD or VTI?
CSD yields 0.11% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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