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 higher-than-average management fees.
Share Price Chart
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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 27.41% year-to-date (YTD) and 28.22% in the last 12 months.
CBLS
27.41%
-1.40%
0.96%
28.22%
N/A
N/A
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.51% | 5.73% | 3.20% | 0.13% | 10.24% | 1.07% | 0.97% | -2.35% | 0.22% | -0.08% | 6.03% | 27.41% | |
| 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
The current rank of CBLS is 71, indicating average performance compared to other ETFs on our website. Here’s 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.
Dividends
Dividend History
Changebridge Capital Long/Short Equity ETF provided a 0.34% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.09 | $0.09 |
Dividend yield | 0.34% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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.
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 5.56%.
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 3.51%, 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.