Invesco S&P Spin-Off ETF

10-Year Study

CSD.US · · US · ETF

Executive Summary: Invesco S&P Spin-Off ETF has compounded at 13.0% annually over the last 10 years, with a maximum drawdown of 47.7% and an annualized volatility of 21.6%.

1Y CAGR
+61.8%
3Y CAGR
+34.0%
5Y CAGR
+14.3%
10Y CAGR
+13.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
47.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.51
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.62
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
23.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +27.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -17.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202611.28.9-6.710.1————————24.4%
20257.7-8.1-7.7-2.08.84.92.92.15.63.52.90.721.6%
2024-3.08.94.3-3.74.6-2.58.31.35.12.97.5-7.427.6%
202311.1-0.7-2.0-1.9-4.16.85.0-1.9-4.3-4.710.99.423.8%
2022-3.5-0.91.0-5.31.0-13.08.9-1.7-10.911.95.8-6.4-15.0%
20211.67.63.82.81.9-2.00.73.1-6.23.5-7.03.513.0%
2020-6.3-9.8-33.420.96.72.64.99.80.1-0.521.76.510.8%
201914.16.1-1.84.0-10.66.6-1.3-8.63.11.24.34.220.6%
20186.5-3.8-0.1-1.42.80.4-0.12.6-1.3-8.9-3.5-11.3-17.8%
20172.22.80.61.50.81.53.7-0.22.81.00.71.620.6%
2016———1.61.5-0.96.41.11.1-4.16.11.214.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 21.6%. The dominant macroeconomic risk driver is VTI.US, accounting for 54.1% of variance. Idiosyncratic stock-specific factors contribute 9.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110163.243473341661
2016-05-0110316.124948890147
2016-06-0110220.26246660356
2016-07-0110873.264365369643
2016-08-0110992.483350790033
2016-09-0111111.674330810982
2016-10-0110653.00189876608
2016-11-0111302.363095604833
2016-12-0111435.528769946846
2017-01-0111685.672997753967
2017-02-0112017.424959532196
2017-03-0112091.163176260383
2017-04-0112278.099217529141
2017-05-0112372.897494636965
2017-06-0112560.505665492305
2017-07-0113020.634378308137
2017-08-0112991.676795286132
2017-09-0113349.781837938355
2017-10-0113486.700235805461
2017-11-0113581.498512913291
2017-12-0113796.159899628648
2018-01-0114699.474058598498
2018-02-0114143.174804102233
2018-03-0114132.588763113527
2018-04-0113936.831021020853
2018-05-0114323.30553330682
2018-06-0114381.584769543568
2018-07-0114360.412687566162
2018-08-0114736.553207458395
2018-09-0114545.836437265105
2018-10-0113245.153665626734
2018-11-0112776.287268185306
2018-12-0111337.341839506658
2019-01-0112935.189904613611
2019-02-0113719.369094361393
2019-03-0113475.414059830735
2019-04-0114017.794630804818
2019-05-0112525.666948587688
2019-06-0113356.223079809788
2019-07-0113187.714591373217
2019-08-0112059.993166682536
2019-09-0112430.028509496631
2019-10-0112583.778152427787
2019-11-0113128.203117561066
2019-12-0113673.580266275338
2020-01-0112814.682670818933
2020-02-0111563.289402196744
2020-03-017701.624873275568
2020-04-019312.859519315323
2020-05-019935.699602883436
2020-06-0110197.01798506752
2020-07-0110694.001803547724
2020-08-0111740.955656250528
2020-09-0111749.94538947109
2020-10-0111692.198255823723
2020-11-0114223.746338294024
2020-12-0115148.736676431216
2021-01-0115386.642544682614
2021-02-0116556.03600374152
2021-03-0117183.524983616844
2021-04-0117662.89340584865
2021-05-0117994.029248839175
2021-06-0117631.891428667448
2021-07-0117751.390468082245
2021-08-0118308.389857564536
2021-09-0117174.227191002425
2021-10-0117773.038641850148
2021-11-0116533.155592398216
2021-12-0117119.616662092452
2022-01-0116521.33731383411
2022-02-0116370.752281039784
2022-03-0116540.380985453994
2022-04-0115658.71500025205
2022-05-0115809.440060043577
2022-06-0113746.926407411349
2022-07-0114973.002794938866
2022-08-0114721.570318757455
2022-09-0113119.353411337705
2022-10-0114686.703596453397
2022-11-0115536.527442490913
2022-12-0114545.444361672933
2023-01-0116156.538980715482
2023-02-0116041.744848406774
2023-03-0115718.786582053019
2023-04-0115417.2244408722
2023-05-0114779.149420008178
2023-06-0115778.690131457344
2023-07-0116570.4307790542
2023-08-0116252.037392809332
2023-09-0115557.615508269995
2023-10-0114833.199840929332
2023-11-0116451.68788542431
2023-12-0118003.29903605415
2024-01-0117455.65344998516
2024-02-0119002.195623316176
2024-03-0119811.747704957514
2024-04-0119069.184538779075
2024-05-0119946.8737572604
2024-06-0119440.228075973046
2024-07-0121055.8315643256
2024-08-0121335.49348314355
2024-09-0122428.85228272011
2024-10-0123079.753776528116
2024-11-0124818.412990024473
2024-12-0122973.277247853384
2025-01-0124737.72943423492
2025-02-0122738.39596274161
2025-03-0120976.6883055053
2025-04-0120548.485748052222
2025-05-0122353.349725827138
2025-06-0123459.81505234209
2025-07-0124147.963727406644
2025-08-0124664.271271501144
2025-09-0126039.112340859316
2025-10-0126948.923752499482
2025-11-0127723.945176630055
2025-12-0127929.784862521494
2026-01-0131055.18744013846
2026-02-0133833.32306468687
2026-03-0131553.683550188478
2026-04-0134749.09962640797
Annual Return Matrix
YearAnnual Return
20170.20642955626902548
2018-0.17822481603653895
20190.20606580094707128
20200.10788369844832935
20210.13010193706301476
2022-0.15036389839963227
20230.23772767530517158
20240.27605930456668815
20250.21575100327190988
20260.24415922992078598
Total Factor Risk
0.21556928595151054
VTI.US Exposure
0.5409186843626244
VEA.US Exposure
0.16323028014674168
VWO.US Exposure
-0.005276962729550463
QQQ.US Exposure
-0.16625159925915203
VTV.US Exposure
-0.06684849518694158
IJR.US Exposure
0.20623071833415987
QUAL.US Exposure
-0.03116041218706755
SHV.US Exposure
0.20001086215340474
TLT.US Exposure
0.01194126840597027
LQD.US Exposure
-0.026709309802892496
HYG.US Exposure
0.02050801139813904
GLD.US Exposure
0.022387141555384224
USO.US Exposure
0.0010230301933169096
VNQ.US Exposure
0.01633731699447937
BTC-USD.CC Exposure
0.021339547792530163
CPER.US Exposure
0.012357162040050067
VIX.INDX Exposure
-0.028868443557820592
UUP.US Exposure
0.005607614832061309
TIP.US Exposure
0.0050790299131460315
Idiosyncratic Exposure
0.09814455460141679
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
21.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+7.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+23.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.24
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco S&P Spin-Off ETF a high-risk investment?

Invesco S&P Spin-Off ETF (CSD.US) has an annualized volatility of 21.6% and experienced a maximum drawdown of 47.7% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of CSD.US?

Over the past 10 years, CSD.US has generated a Compound Annual Growth Rate (CAGR) of 13.0%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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