CBSE vs TOLL
Clough Select Equity ETF vs Tema Durable Quality ETF
Which is better, CBSE or TOLL?
CBSE has been ahead.
TOLL has a lower expense ratio. CBSE led over 1Y and the full window.
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 | CBSE | TOLL |
|---|---|---|
| Expense Ratio | 0.85% | 0.55%Best |
| AUM | $49M | $61M |
| Dividend Yield | 0.29% | 0.25% |
| Holdings | 82 | 37 |
| Volatility (annualized) | 20.9% | 16.5%Best |
| Max Drawdown | -14.9% | -11.4%Best |
| $10,000 over 1.7 years | $15,604Best | $13,008 |
| Fund Family | Changebridge Capital | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 12, 2020 | May 11, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 633 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 TOLL through Oct 12, 2026.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: May 11, 2023 to Jan 17, 2025 (1.7 years).
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 16.5% for TOLL. 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 -11.4% for TOLL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBSE charges 0.85% per year while TOLL charges 0.55%. On a $10,000 position that is $85 vs $55 annually, a gap of $30 per year that compounds over a long holding period. On income, CBSE currently yields 0.29% against 0.25% for TOLL.
You are not choosing between two funds in isolation.
Whichever of CBSE and TOLL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CBSE or TOLL?
CBSE has an expense ratio of 0.85% while TOLL charges 0.55%. TOLL is the cheaper option, by $30 a year on a $10,000 investment.
Which is riskier, CBSE or TOLL?
CBSE has been the more volatile fund at 20.9% annualized versus 16.5% for TOLL. Worst drawdown: CBSE -14.9% vs TOLL -11.4%.
Should I hold both CBSE and TOLL?
CBSE and TOLL have a monthly-return correlation of 0.82, 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 TOLL?
CBSE yields 0.29% while TOLL yields 0.25%, so CBSE currently pays the higher dividend yield.
Is TOLL better than CBSE?
TOLL 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.