CSD vs VPV

Comparison between INVESCO S&P SPIN-OFF ETF (CSD, ETF) and Invesco Pennsylvania Value Municipal Income Trust (VPV, ETF).

5-Year PerformanceCSD has outperformed VPV, delivering a return of +17.2% compared to +2.4%

CSD vs VPV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CSD(ETF)	VPV(ETF)
Net Assets	$194M	$193M
Expense Ratio	0.65%	N/A
Max Drawdown	70.67%	57.33%
Sharpe Ratio	2.29	1.87
5Y Beta	1.27	0.16
P/E Ratio	63.61	N/A
Forward P/E	22.76	N/A
PEG Ratio	0.22	N/A
5Y Dividends CAGR	-23.06%	6.10%
Debt to Equity	20.05%	N/A
P/S Ratio	1.93	N/A
P/B Ratio	2.34	N/A

Net Assets

Winner

CSD

$194M

VPV

$193M

Expense Ratio

CSD

0.65%

VPV

N/A

Max Drawdown

CSD

70.67%

Winner

VPV

57.33%

Sharpe Ratio

Winner

CSD

2.29

VPV

1.87

5Y Beta

CSD

1.27

Winner

VPV

0.16

P/E Ratio

CSD

63.61

VPV

N/A

Forward P/E

CSD

22.76

VPV

N/A

PEG Ratio

CSD

0.22

VPV

N/A

5Y Dividends CAGR

CSD

-23.06%

Winner

VPV

6.10%

Debt to Equity

CSD

20.05%

VPV

N/A

P/S Ratio

CSD

1.93

VPV

N/A

P/B Ratio

CSD

2.34

VPV

N/A

CSD vs VPV - Historical Returns

Returns include dividend reinvestment.

Period	CSD	VPV
1 month	+4.46%	+3.24%
3 months	+29.68%	+7.70%
6 months	+41.30%	+13.36%
1 year	+75.66%	+23.96%
5 years(CAGR)	+17.15%	+2.42%
10 years(CAGR)	+14.59%	+3.34%
Max(CAGR)	+10.42%	+5.59%

Winner

CSD

+4.46%

VPV

+3.24%

Winner

CSD

+29.68%

VPV

+7.70%

Winner

CSD

+41.30%

VPV

+13.36%

Winner

CSD

+75.66%

VPV

+23.96%

5Y(CAGR)

Winner

CSD

+17.15%

VPV

+2.42%

10Y(CAGR)

Winner

CSD

+14.59%

VPV

+3.34%

Max(CAGR)

Winner

CSD

+10.42%

VPV

+5.59%

CSD vs VPV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CSD	VPV
2026	+39.71%	+11.99%
2025	+20.31%	+8.79%
2024	+29.21%	+9.04%
2023	+24.33%	+5.12%
2022	-15.12%	-25.87%
2021	+15.54%	+14.20%
2020	+10.77%	+1.31%
2019	+19.30%	+17.66%
2018	-18.73%	+1.56%
2017	+20.00%	+4.53%
2016	+16.46%	-0.01%
2015	-12.04%	-1.05%
2014	+2.45%	+21.34%
2013	+47.95%	-17.17%
2012	+24.81%	+14.44%
2011	+2.66%	+19.54%
2010	+20.13%	+5.70%
2009	+65.62%	+52.27%
2008	-54.42%	-31.63%
2007	+8.83%	-3.46%
2006	-0.56%	+8.68%
2005	N/A	-10.57%
2004	N/A	+5.78%
2003	N/A	+10.48%
2002	N/A	+13.64%
2001	N/A	+17.81%
2000	N/A	+10.61%
1999	N/A	-4.50%

CSD vs VPV Drawdown Comparison

The maximum drawdown for CSD was -70.47%, occurring on Nov 20, 2008. Recovery took 1360 trading sessions.

The maximum drawdown for VPV was -45.08%, occurring on Dec 12, 2008. Recovery took 636 trading sessions.

The current VPV drawdown is -1.13%.

Rank	CSD	VPV
#1	-70.47% Jul 19, 2007 - Dec 11, 2012	-45.08% Mar 14, 2007 - Sep 21, 2009
#2	-57.54% Sep 21, 2018 - Dec 16, 2020	-33.06% Dec 31, 2021 - Feb 12, 2026
#3	-31.85% Apr 10, 2015 - Apr 25, 2017	-29.89% Nov 29, 2019 - Feb 8, 2021
#4	-30.15% Jan 23, 2025 - Aug 27, 2025	-26.93% Nov 30, 2012 - Apr 5, 2016
#5	-29.30% Sep 2, 2021 - Feb 23, 2024	-19.07% Oct 29, 2010 - Sep 14, 2011
#6	-11.34% Feb 26, 2026 - Apr 9, 2026	-17.99% Mar 10, 2004 - Dec 28, 2004
#7	-10.60% Nov 29, 2013 - Mar 4, 2014	-15.98% Jul 1, 2016 - Apr 10, 2019
#8	-9.73% Mar 7, 2014 - Feb 12, 2015	-14.21% Dec 28, 2004 - Feb 8, 2007
#9	-9.58% Jun 8, 2021 - Aug 27, 2021	-12.13% Jun 17, 2003 - Jan 9, 2004
#10	-9.40% Jan 26, 2018 - Sep 20, 2018	-8.77% Aug 8, 2000 - Jan 3, 2001
#11	-9.37% Nov 26, 2024 - Jan 21, 2025	-7.88% Feb 4, 2000 - Jul 3, 2000
#12	-8.79% Jul 31, 2024 - Aug 23, 2024	-7.68% Mar 9, 2012 - May 3, 2012
#13	-7.88% Nov 12, 2025 - Dec 3, 2025	-7.67% Aug 16, 2002 - May 2, 2003
#14	-7.88% Jan 14, 2021 - Feb 5, 2021	-7.65% Oct 8, 2009 - Jan 7, 2010
#15	-6.78% Mar 15, 2021 - May 7, 2021	-7.30% Jul 30, 2012 - Sep 25, 2012

Correlation

Correlation between CSD and VPV is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2000 - 2026)

CSD vs VPV dividend yield comparison.

Year	CSD	VPV
2026	0.00%	2.93%
2025	0.16%	7.65%
2024	0.17%	6.07%
2023	0.51%	3.81%
2022	0.86%	5.48%
2021	0.73%	4.29%
2020	0.99%	4.61%
2019	1.08%	4.85%
2018	0.99%	5.94%
2017	0.60%	5.15%
2016	1.62%	6.00%
2015	2.61%	6.09%
2014	1.64%	6.48%
2013	0.19%	7.41%
2012	0.26%	5.88%
2011	0.48%	6.33%
2010	0.47%	7.11%
2009	1.83%	6.38%
2008	3.70%	8.99%
2007	0.69%	5.51%
2006	0.00%	5.47%
2005	0.00%	6.54%
2004	0.00%	6.62%
2003	0.00%	7.02%
2002	0.00%	6.50%
2001	0.00%	5.65%
2000	0.00%	1.97%