CBLS vs VOO
Clough Hedged Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CBLS delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CBLS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.90% | 0.03% | |
| AUM | $57M | $997.4B | |
| Dividend Yield | 0.82% | 1.08% | |
| Holdings | 77 | 509 | |
| YTD Return | +6.30% | +13.20% | |
| 1Y Return | +38.20% | +21.62% | |
| 3Y Return (annualized) | +6.54% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 17.2% | 14.1% | |
| Max Drawdown | -32.8% | -34.3% | |
| Fund Family | Changebridge Capital | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 13, 2020 | Sep 7, 2010 |
CBLS vs VOO Performance
Clough Hedged Equity ETF (CBLS) is a ETF from Changebridge Capital and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBLS returned +38.20% while VOO returned +21.62%. Year to date, CBLS is up 6.30% versus a gain of 13.20% for VOO.
Over three years, CBLS compounded at +6.54% per year against +22.16% for VOO. Across the full 4-year window we track, VOO has the edge at +13.51% annualized vs +8.27%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
CBLS and VOO share 39 holdings out of 538 unique holdings combined, representing a 11.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CBLS or VOO?
CBLS has an expense ratio of 1.90% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $187 per year of difference.
Which performed better, CBLS or VOO?
Over the past year CBLS returned +38.20% vs +21.62% for VOO, so CBLS leads on 1-year performance. Over the longest common window we track (4 years), CBLS annualized +8.27% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, CBLS or VOO?
CBLS has been the more volatile fund at 17.2% annualized versus 14.1% for VOO. Worst drawdown: CBLS -32.8% vs VOO -34.3%.
Should I hold both CBLS and VOO?
CBLS and VOO 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 VOO?
CBLS and VOO share 39 common holdings with a 11.2% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, CBLS or VOO?
CBLS yields 0.82% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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