CBSE vs IVV
Clough Select Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CBSE delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CBSE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $50M | $886.7B | |
| Dividend Yield | 0.30% | 1.10% | |
| Holdings | 43 | 508 | |
| YTD Return | +5.78% | +12.92% | |
| 1Y Return | +47.62% | +21.22% | |
| 3Y Return (annualized) | +12.66% | +20.95% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | 22.2% | 15.1% | |
| Max Drawdown | -36.3% | -56.5% | |
| Fund Family | Changebridge Capital | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 12, 2020 | May 15, 2000 |
CBSE vs IVV Performance
Clough Select Equity ETF (CBSE) 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 CBSE returned +47.62% while IVV returned +21.22%. Year to date, CBSE is up 5.78% versus a gain of 12.92% for IVV.
Over three years, CBSE compounded at +12.66% per year against +20.95% for IVV. Across the full 4-year window we track, CBSE has the edge at +14.85% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -36.3% for CBSE 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBSE charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, CBSE currently yields 0.30% against 1.10% for IVV.
Holdings Overlap
CBSE and IVV share 13 holdings out of 534 unique holdings combined, representing a 7.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CBSE or IVV?
CBSE has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, CBSE or IVV?
Over the past year CBSE returned +47.62% vs +21.22% for IVV, so CBSE leads on 1-year performance. Over the longest common window we track (4 years), CBSE annualized +14.85% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CBSE or IVV?
CBSE has been the more volatile fund at 22.2% annualized versus 15.1% for IVV. Worst drawdown: CBSE -36.3% vs IVV -56.5%.
Should I hold both CBSE and IVV?
CBSE and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CBSE and IVV?
CBSE and IVV share 13 common holdings with a 7.6% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, CBSE or IVV?
CBSE yields 0.30% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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