ProShares Large Cap Core Plus (CSM) Performance
CSM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.3% since Dec 31, 2025
- 1 year
- +13.1% total return
- 5 years
- +11.8% a year
- 10 years
- +14.1% a year
- Since first price
- +14.6% a year since 2009
CSM trailing returns vs SPY, QQQ, AGG
| Period | CSM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.3% | −1.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.3% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.0% | +6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +9.3% | +8.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.1% | +11.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +86.6%+23.1%/yr | +80.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +74.3%+11.8%/yr | +64.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +275.6%+14.1%/yr | +230.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +636.7%+14.2%/yr | +508.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJul 14, 2009 | +959.1%+14.6%/yr | +760.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CSM vs SPY
From Jul 14, 2009: CSM grew to $105,908, SPY to $113,811.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CSM returns by calendar year
13 of 16 full years positive. Best 2013 (+35.4%), worst 2022 (−18.3%). 2026 is year to date.
CSM annual returns table
| Year | CSM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.3% | −9.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.8% | −18.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +22.1% | −8.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.5% | −11.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.3% | −23.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +33.1% | −5.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.9% | −36.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +29.3% | −6.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.9% | −21.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.5% | −2.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +13.4% | −8.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.3% | −13.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +16.5% | −7.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +35.4% | −5.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.7% | −10.1% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.5% | −20.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.1% | −15.5% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CSM largest drawdowns
Now 3.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −36.1% | Mar 23, 2020 | Sep 1, 2020 | 33 days | 6 months |
| Dec 29, 2021 | −23.8% | Sep 30, 2022 | Dec 19, 2023 | 9 months | 2.0 years |
| Sep 21, 2018 | −21.1% | Dec 24, 2018 | Jul 3, 2019 | 3 months | 9 months |
| Apr 29, 2011 | −20.0% | Oct 3, 2011 | Feb 28, 2012 | 5 months | 10 months |
| Feb 19, 2025 | −18.3% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
| Apr 15, 2010 | −15.5% | Jul 2, 2010 | Nov 4, 2010 | 3 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CSM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +22.5% | +12.9% | +14.1% | +14.2% |
| Volatility (annualized) | 12.7% | 16.1% | 16.0% | 14.9% |
| Sharpe ratio | 1.33 | 0.62 | 0.76 | 0.88 |
| Sortino ratio | 2.67 | 0.97 | 1.17 | 1.40 |
| Best month | +10.3% | +10.3% | +12.9% | +12.9% |
| Worst month | −5.0% | −10.4% | −14.1% | −14.1% |
| Best 12 months | +37.0% | +37.0% | +56.0% | +56.0% |
| Worst 12 months | +6.1% | −18.3% | −18.3% | −18.3% |
| Positive months | 69% | 63% | 70% | 68% |
| Beta vs S&P 500 | 1.01 | 1.01 | 1.03 | — |
| Correlation with S&P 500 | 0.98 | 0.98 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CSM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 196 | −18.3% | +16.0% | +56.0% | 87% |
| 3-year (a year) | 172 | +2.0% | +12.6% | +24.5% | 100% |
| 5-year (a year) | 148 | +4.9% | +13.8% | +17.9% | 100% |
| 10-year (a year) | 88 | +9.7% | +12.9% | +16.2% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
CSM performance overview
ProShares Large Cap Core Plus (CSM) returned +13.1% over the past year and +14.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +14.6% a year, turning $10,000 into about $105,908. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −36.1%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. CSM finished 13 of its 16 full calendar years with a gain; the best year was 2013 (+35.4%) and the worst 2022 (−18.3%). Volatility has been 14.9% a year.
Related: CSM chart, CSM holdings, CSM dividends, CSM valuation. See the CSM overview for the latest quote and fund facts.
CSM performance FAQ
What is the CSM return over the past year?
CSM returned +13.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.9%.
What is the average annual return of CSM?
CSM has returned +11.8% a year over 5 years, +14.1% a year over 10 years, +14.6% a year since July 14, 2009 (total return, distributions reinvested).
How much would $10,000 invested in CSM be worth?
$10,000 invested in CSM at its first recorded close on July 14, 2009 would be worth about $105,908 on October 23, 2026 with distributions reinvested.
What was the worst year for CSM?
The worst calendar year was 2022, with a total return of −18.3%. The best was 2013 at +35.4%.
What is the biggest drawdown of CSM?
The largest peak-to-trough decline was −36.1% between February 19, 2020 and March 23, 2020. It recovered to the old high on September 1, 2020, 5 months after the bottom.
How volatile is CSM?
Over the past 3 years CSM had an annualized volatility of 12.7% and a Sharpe ratio of 1.33 (excess return over 1–3 month T-bills per unit of risk).