CBSE vs VYM
Clough Select Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CBSE delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CBSE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.04% | |
| AUM | $53M | $79.0B | |
| Dividend Yield | 0.26% | 2.86% | |
| Holdings | 39 | 568 | |
| YTD Return | +5.78% | +16.10% | |
| 1Y Return | +47.62% | +25.99% | |
| 3Y Return (annualized) | +12.66% | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 22.2% | 14.6% | |
| Max Drawdown | -36.3% | -58.8% | |
| Fund Family | Changebridge Capital | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 12, 2020 | Nov 10, 2006 |
CBSE vs VYM Performance
Clough Select Equity ETF (CBSE) is a ETF from Changebridge Capital and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CBSE returned +47.62% while VYM returned +25.99%. Year to date, CBSE is up 5.78% versus a gain of 16.10% for VYM.
Over three years, CBSE compounded at +12.66% per year against +18.29% for VYM. Across the full 4-year window we track, CBSE has the edge at +14.85% annualized vs +7.08%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBSE charges 0.86% per year while VYM charges 0.04%. On a $10,000 position that is $86 vs $4 annually, a gap of $82 per year that compounds over a long holding period. On income, CBSE currently yields 0.26% against 2.86% for VYM.
Holdings Overlap
CBSE and VYM share 6 holdings out of 590 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CBSE or VYM?
CBSE has an expense ratio of 0.86% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, CBSE or VYM?
Over the past year CBSE returned +47.62% vs +25.99% for VYM, so CBSE leads on 1-year performance. Over the longest common window we track (4 years), CBSE annualized +14.85% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, CBSE or VYM?
CBSE has been the more volatile fund at 22.2% annualized versus 14.6% for VYM. Worst drawdown: CBSE -36.3% vs VYM -58.8%.
Should I hold both CBSE and VYM?
CBSE and VYM have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CBSE and VYM?
CBSE and VYM share 6 common holdings with a 1.6% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, CBSE or VYM?
CBSE yields 0.26% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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