Changebridge Capital Long/Short Equity ETF (CBLS) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CBLS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CBLS
CBLS charges 1.95% annually. There are 24 ETFs in the Long-Short category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Large Cap Core Plus | 0.45% | 524.02M | Jul 2009 | CBLS vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | CBLS vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | CBLS vs ATTR | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | 908.01M | Dec 2019 | CBLS vs FLSP | |
| WisdomTree Inflation Plus Fund | 0.65% | 23.76M | Jun 2025 | CBLS vs WTIP |
Best Risk-Adjusted Alternatives to CBLS
CBLS has a PortfoliosLab risk / return rank of 42. There are 14 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 95 | 447.61M | Feb 2022 | CBLS vs CLSE | |
| IQ Hedge Multi-Strategy Tracker ETF | 87 | 762.37M | Mar 2009 | CBLS vs QAI | |
| Hull Tactical US ETF | 81 | 137.43M | Jun 2015 | CBLS vs HTUS | |
| ProShares Hedge Replication | 76 | 21.57M | Jul 2011 | CBLS vs HDG | |
| Proshares Large Cap Core Plus | 74 | 524.02M | Jul 2009 | CBLS vs CSM |
Top Performing CBLS Alternatives (YTD)
CBLS is at 24.17% YTD. There are 2 ETFs in the Long-Short category with higher YTD returns, going as high as 25.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 25.99% | 15.30M | Dec 2023 | CBLS vs LSEQ | |
| Convergence Long/Short Equity ETF | 25.32% | 447.61M | Feb 2022 | CBLS vs CLSE | |
| Aptus International Enhanced Yield ETF | 17.21% | 372.15M | Jul 2021 | CBLS vs IDUB | |
| Rareview Systematic Equity ETF | 17.06% | 59.01M | Jan 2022 | CBLS vs RSEE | |
| Even Herd Long Short ETF | 15.92% | 62.82M | Apr 2024 | CBLS vs EHLS |
Lowest Volatility Alternatives to CBLS
CBLS has 15.29% 1-year volatility. There are 19 ETFs in the Long-Short category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | CBLS vs SENT | |
| Arin Tactical Tail Risk ETF | 2.98% | — | Oct 2025 | CBLS vs ATTR | |
| First Trust Merger Arbitrage ETF | 5.31% | 19.86M | Feb 2020 | CBLS vs MARB | |
| ProShares Hedge Replication | 5.62% | 21.57M | Jul 2011 | CBLS vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 5.97% | 762.37M | Mar 2009 | CBLS vs QAI |
Lowest Drawdown Alternatives to CBLS
CBLS has a 1-year max drawdown of -8.15%. There are 11 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | CBLS vs SENT | |
| First Trust Merger Arbitrage ETF | -2.43% | 19.86M | Feb 2020 | CBLS vs MARB | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | CBLS vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | CBLS vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.35B | Sep 2014 | CBLS vs FTLS |
Often Compared With CBLS
Investors most often compare CBLS with QLEIX, CTA, QLENX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare CBLS with Any Fund or Stock
Compare CBLS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CBLS with funds that move differently
Changebridge Capital Long/Short Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBLS.
Explore CBLS Diversifiers