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
| Issuer | Changebridge Capital LLC |
|---|---|
| Inception Date | Nov 13, 2020 |
| Region | North America (U.S.) |
| Category | Long-Short, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Alternatives |
Expense Ratio
The Changebridge Capital Long/Short Equity ETF has a high expense ratio of 1.95%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CBLS vs. SPY, CBLS vs. FTLS
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Changebridge Capital Long/Short Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Changebridge Capital Long/Short Equity ETF had a return of 11.39% year-to-date (YTD) and 8.78% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.39% | 6.12% |
| 1 month | 2.16% | -1.08% |
| 6 months | 19.85% | 15.73% |
| 1 year | 8.78% | 22.34% |
| 5 years (annualized) | N/A | 11.82% |
| 10 years (annualized) | N/A | 10.53% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.51% | 5.73% | 3.20% | |||||||||
| 2023 | -2.53% | -1.25% | 6.18% | 3.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Changebridge Capital Long/Short Equity ETF(CBLS)
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.
Dividends
Dividend History
Changebridge Capital Long/Short Equity ETF granted a 0.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.09 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.09 | $0.09 |
Dividend yield | 0.39% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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. The portfolio has not yet recovered.
The current Changebridge Capital Long/Short Equity ETF drawdown is 17.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.78% | Apr 30, 2021 | 613 | Oct 5, 2023 | — | — | — |
| -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 |
| -1.65% | Nov 30, 2020 | 1 | Nov 30, 2020 | 4 | Dec 4, 2020 | 5 |
Volatility
Volatility Chart
The current Changebridge Capital Long/Short Equity ETF volatility is 3.03%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.