BTR vs CBSE
Beacon Tactical Risk ETF vs Clough Select Equity ETF
Which is better, BTR or CBSE?
CBSE has been ahead.
CBSE has a lower expense ratio. CBSE led over 1Y and the full window. CBSE is less concentrated, with 33.4% of the fund in its ten largest positions against 91.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BTR | CBSE |
|---|---|---|
| Expense Ratio | 1.08% | 0.85%Best |
| AUM | $30M | $49M |
| Dividend Yield | 1.15% | 0.29% |
| Holdings | 24 | 82 |
| Volatility (annualized) | 11.5%Best | 20.8% |
| Max Drawdown | -11.3%Best | -14.9% |
| $10,000 over 1.8 years | $11,049 | $15,326Best |
| Top 10 Weight | 91.9% | 33.4%Best |
| Fund Family | Beacon Capital Management | Changebridge Capital |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 17, 2023 | Nov 12, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 614 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BTR has data through Sep 23, 2026 and CBSE through Jan 17, 2025.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Apr 18, 2023 to Jan 17, 2025 (1.8 years).
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 11.5% for BTR. 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 -11.3% for BTR and -14.9% for CBSE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BTR charges 1.08% per year while CBSE charges 0.85%. On a $10,000 position that is $108 vs $85 annually, a gap of $23 per year that compounds over a long holding period. On income, BTR currently yields 1.15% against 0.29% for CBSE.
Holdings Overlap
We hold position weights for 11 holdings in BTR and 40 in CBSE, totalling 99.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 11 positions we hold weights for in BTR and 40 in CBSE, against full books of 24 and 82.
What only one of them owns
Our book lists 32 positions for CBSE that do not appear in our book for BTR (85.6% of the fund), and 11 for BTR that do not appear in CBSE (99.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BTR and CBSE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BTR or CBSE?
BTR has an expense ratio of 1.08% while CBSE charges 0.85%. CBSE is the cheaper option, by $23 a year on a $10,000 investment.
Which is riskier, BTR or CBSE?
CBSE has been the more volatile fund at 20.8% annualized versus 11.5% for BTR. Worst drawdown: BTR -11.3% vs CBSE -14.9%.
Should I hold both BTR and CBSE?
BTR and CBSE have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BTR or CBSE?
BTR yields 1.15% while CBSE yields 0.29%, so BTR currently pays the higher dividend yield.
Is CBSE better than BTR?
CBSE has a lower expense ratio. CBSE led over 1Y and the full window. CBSE is less concentrated, with 33.4% of the fund in its ten largest positions against 91.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.