CBLS vs IVV
Clough Hedged Equity ETF vs iShares Core S&P 500 ETF
Which is better, CBLS or IVV?
All Cap Blend against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. CBLS is less concentrated, with 35.4% of the fund in its ten largest positions against 37.8%.
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 | CBLS | IVV |
|---|---|---|
| Expense Ratio | 1.89% | 0.03%Best |
| AUM | $56M | $876.4B |
| Dividend Yield | 0.81% | 1.06% |
| Holdings | 73 | 508 |
| Volatility (annualized) | 17.2% | 15.8%Best |
| Max Drawdown | -32.8% | -24.5%Best |
| $10,000 over 4.2 years | $13,962 | $17,764Best |
| Top 10 Weight | 35.4%Best | 37.8% |
| Fund Family | Changebridge Capital | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Nov 13, 2020 | May 15, 2000 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 619 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CBLS has data through Jan 17, 2025 and IVV through Sep 28, 2026.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Nov 13, 2020 to Jan 17, 2025 (4.2 years).
Risk: Volatility and Drawdowns
CBLS has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.8% for IVV. 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 -32.8% for CBLS and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CBLS charges 1.89% per year while IVV charges 0.03%. On a $10,000 position that is $189 vs $3 annually, a gap of $186 per year that compounds over a long holding period. On income, CBLS currently yields 0.81% against 1.06% for IVV.
Holdings Overlap
44.2% of CBLS's money is in holdings IVV also owns. 12.3% of IVV's money is in holdings CBLS also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 70 positions we hold weights for in CBLS and 490 in IVV, against full books of 73 and 508.
What only one of them owns
Our book lists 448 positions for IVV that do not appear in our book for CBLS (86.3% of the fund), and 16 for CBLS that do not appear in IVV (42.6%).
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.
Top Shared Holdings
| Stock | Weight in CBLS | Weight in IVV | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.33% | 2.65% | 0.32% |
| GOOGAlphabet Inc | 2.42% | 2.39% | 0.03% |
| METAMeta Platforms Inc | 2.35% | 1.90% | 0.45% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 3.55% | 0.16% | 3.39% |
| MRVLMarvell Technology Group Ltd. | 2.99% | 0.28% | 2.71% |
| APAApa Corp | 3.04% | 0.02% | 3.02% |
| SBUXStarbucks Corp | 2.85% | 0.18% | 2.67% |
| UNHUnitedhealth Group Incorporated | 2.43% | 0.53% | 1.90% |
| DVNDevon Energy Corporation | 2.86% | 0.08% | 2.78% |
| BKRBaker Hughes Co | 2.82% | 0.10% | 2.72% |
44.2% of CBLS is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CBLS or IVV?
CBLS has an expense ratio of 1.89% while IVV charges 0.03%. IVV is the cheaper option, by $186 a year on a $10,000 investment.
Which is riskier, CBLS or IVV?
CBLS has been the more volatile fund at 17.2% annualized versus 15.8% for IVV. Worst drawdown: CBLS -32.8% vs IVV -24.5%.
Should I hold both CBLS and IVV?
CBLS and IVV have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CBLS and IVV?
44.2% of CBLS's money is in holdings IVV also owns. 12.3% of IVV's is in holdings CBLS also owns. They hold 34 positions in common, counted across the 70 positions we hold weights for in CBLS and 490 in IVV.
Which pays a higher dividend, CBLS or IVV?
CBLS yields 0.81% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than CBLS?
IVV has a lower expense ratio. IVV led over 1Y and the full window. CBLS is less concentrated, with 35.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.