This product is linked to a rather unique index that consists of both long and short positions in liquid, investable market factors with the goal of replicating the performance of a hedge fund benchmark. As such, the primary appeal of CSLS is likely in its low correlation to traditional asset classes, which may allow it to bring value as a diversifying agent to stock-and-bond portfolios. Rather than establishing positions in individual stocks or other securities, CSLS focuses on more general asset classes, such as small cap U.S. stocks or ex-U.S. developed markets. While CSLS likely won't make up a big chunk of any portfolio, it may be useful as a satellite allocation even within long-term buy-and-hold portfolios. It should be noted that CSLS is an ETN, and as such exposes investors to the credit risk of the issuing institution (though eliminating potential for tracking error in the process).
The adjacent table gives investors an individual Realtime Rating for CSLS on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Long-Short with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 2 other ETFs in the Long-Short ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of CSLS relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.