Changebridge Capital Long/Short Equity ETF (CBLS)
CBLS is an actively managed ETF by Changebridge Capital LLC. CBLS launched on Nov 13, 2020 and has a 1.95% expense ratio.
ETF Info
Nov 13, 2020
North America (U.S.)
1x
No Index (Active)
Expense Ratio
CBLS has a high expense ratio of 1.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Changebridge Capital Long/Short Equity ETF (CBLS) returned 4.29% year-to-date (YTD) and 12.10% over the past 12 months.
CBLS
4.29%
8.69%
3.44%
12.10%
N/A
N/A
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
Monthly Returns
The table below presents the monthly returns of CBLS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.01% | 1.27% | -3.45% | 2.62% | 1.88% | 4.29% | |||||||
| 2024 | 2.51% | 5.73% | 3.20% | 0.13% | 10.24% | 1.07% | 0.97% | -2.35% | 0.22% | -0.07% | 6.03% | -1.44% | 28.74% |
| 2023 | 3.46% | -1.72% | -2.61% | -2.37% | -2.83% | -0.64% | 0.58% | -1.73% | -2.53% | -1.25% | 6.18% | 3.23% | -2.67% |
| 2022 | -2.79% | 1.22% | -3.49% | -7.41% | 1.79% | -9.04% | 10.01% | 6.27% | -5.43% | 8.65% | -8.02% | -1.76% | -11.64% |
| 2021 | -0.29% | 15.29% | -0.53% | 2.68% | -3.44% | -2.07% | -1.21% | 1.67% | 0.54% | 0.39% | -6.24% | -2.55% | 2.85% |
| 2020 | 3.41% | 10.38% | 14.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 76, CBLS is among the top 24% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Changebridge Capital Long/Short Equity ETF (CBLS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Changebridge Capital Long/Short Equity ETF provided a 0.70% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.09 |
Dividend yield | 0.70% | 0.73% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Changebridge Capital Long/Short Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2023 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Changebridge Capital Long/Short Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Changebridge Capital Long/Short Equity ETF was 32.78%, occurring on Oct 5, 2023. Recovery took 319 trading sessions.
The current Changebridge Capital Long/Short Equity ETF drawdown is 4.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.78% | Apr 30, 2021 | 613 | Oct 5, 2023 | 319 | Jan 14, 2025 | 932 |
| -15.27% | Jan 23, 2025 | 53 | Apr 8, 2025 | — | — | — |
| -8.46% | Jan 25, 2021 | 3 | Jan 27, 2021 | 7 | Feb 5, 2021 | 10 |
| -6.17% | Mar 16, 2021 | 25 | Apr 20, 2021 | 7 | Apr 29, 2021 | 32 |
| -5.62% | Feb 23, 2021 | 8 | Mar 4, 2021 | 7 | Mar 15, 2021 | 15 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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