CBLS vs IVV
Clough Hedged Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CBLS delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CBLS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.90% | 0.03% | |
| AUM | $57M | $907.0B | |
| Dividend Yield | 0.82% | 1.10% | |
| Holdings | 77 | 508 | |
| YTD Return | +6.30% | +12.71% | |
| 1Y Return | +38.20% | +21.89% | |
| 3Y Return (annualized) | +6.54% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 17.2% | 15.1% | |
| Max Drawdown | -32.8% | -56.5% | |
| Fund Family | Changebridge Capital | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 13, 2020 | May 15, 2000 |
CBLS vs IVV Performance
Clough Hedged Equity ETF (CBLS) is a ETF from Changebridge Capital and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CBLS returned +38.20% while IVV returned +21.89%. Year to date, CBLS is up 6.30% versus a gain of 12.71% for IVV.
Over three years, CBLS compounded at +6.54% per year against +22.08% for IVV. Across the full 4-year window we track, CBLS has the edge at +8.27% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CBLS has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.1% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBLS charges 1.90% per year while IVV charges 0.03%. On a $10,000 position that is $190 vs $3 annually, a gap of $187 per year that compounds over a long holding period. On income, CBLS currently yields 0.82% against 1.10% for IVV.
Holdings Overlap
CBLS and IVV share 38 holdings out of 539 unique holdings combined, representing a 10.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CBLS or IVV?
CBLS has an expense ratio of 1.90% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $187 per year of difference.
Which performed better, CBLS or IVV?
Over the past year CBLS returned +38.20% vs +21.89% for IVV, so CBLS leads on 1-year performance. Over the longest common window we track (4 years), CBLS annualized +8.27% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CBLS or IVV?
CBLS has been the more volatile fund at 17.2% annualized versus 15.1% for IVV. Worst drawdown: CBLS -32.8% vs IVV -56.5%.
Should I hold both CBLS and IVV?
CBLS and IVV have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CBLS and IVV?
CBLS and IVV share 38 common holdings with a 10.2% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, CBLS or IVV?
CBLS yields 0.82% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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