CBSE vs PP

CBSE vs PP

Which is better, CBSE or PP?

CBSE has been ahead.

PP has a lower expense ratio. CBSE led over 1Y and the full window.

Lower Fees: PPHigher Returns: CBSE

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

MetricCBSEPP
Expense Ratio0.85%0.76%Best
AUM$49M$25M
Dividend Yield0.29%0.75%
Holdings8213
Volatility (annualized)20.5%Best32.0%
Max Drawdown-14.9%Best-29.3%
$10,000 over 2.1 years$15,836Best$13,001
Fund FamilyChangebridge CapitalTidal ETF Trust
CategoryEquityEquity
StyleLarge Cap GrowthLarge Cap Growth
InceptionNov 12, 2020Nov 28, 2022

Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.

The two price series end 39 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CBSE has data through Jan 17, 2025 and PP through Feb 25, 2025.

Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Nov 29, 2022 to Jan 17, 2025 (2.1 years).

Compare CBSE against instead:CBSE vs SPYCBSE vs QQQCBSE vs VOOCBSE vs VTIPP against:PP vs VXUS

Risk: Volatility and Drawdowns

PP has been the more volatile fund, with annualized monthly volatility of 32.0% compared with 20.5% for CBSE. 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 -14.9% for CBSE and -29.3% for PP. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

CBSE charges 0.85% per year while PP charges 0.76%. On a $10,000 position that is $85 vs $76 annually, a gap of $9 per year that compounds over a long holding period. On income, CBSE currently yields 0.29% against 0.75% for PP.

You are not choosing between two funds in isolation.

Whichever of CBSE and PP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

CBSEPP

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Frequently Asked Questions

Which is cheaper, CBSE or PP?

CBSE has an expense ratio of 0.85% while PP charges 0.76%. PP is the cheaper option, by $9 a year on a $10,000 investment.

Which is riskier, CBSE or PP?

PP has been the more volatile fund at 32.0% annualized versus 20.5% for CBSE. Worst drawdown: CBSE -14.9% vs PP -29.3%.

Should I hold both CBSE and PP?

CBSE and PP have a monthly-return correlation of 0.73, 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, CBSE or PP?

CBSE yields 0.29% while PP yields 0.75%, so PP currently pays the higher dividend yield.

Is PP better than CBSE?

PP has a lower expense ratio. CBSE led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.