Clough Hedged 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 27 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 1.61B | May 2026 | CBLS vs BFLX | |
| Proshares Large Cap Core Plus | 0.45% | 515.52M | Jul 2009 | CBLS vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 490.37M | Jul 2021 | CBLS vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | CBLS vs ATTR | |
| ProShares Long Online/Short Stores ETF | 0.65% | 7.48M | Nov 2017 | CBLS vs CLIX |
Best Risk-Adjusted Alternatives to CBLS
CBLS has a PortfoliosLab risk / return rank of 17. There are 18 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | CBLS vs CLSE | |
| Franklin Liberty Systematic Style Premia ETF | 88 | 1.04B | Dec 2019 | CBLS vs FLSP | |
| NYLI Hedge Multi-Strategy Tracker ETF | 83 | 1.02B | Mar 2009 | CBLS vs QAI | |
| ProShares Hedge Replication | 80 | 22.00M | Jul 2011 | CBLS vs HDG | |
| Aptus International Enhanced Yield ETF | 78 | 490.37M | Jul 2021 | CBLS vs IDUB |
Top Performing CBLS Alternatives (YTD)
CBLS is at 9.99% YTD. There are 9 ETFs in the Long-Short category with higher YTD returns, going as high as 24.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 24.37% | 447.61M | Dec 2009 | CBLS vs CLSE | |
| Harbor Long-Short Equity ETF | 23.37% | 15.30M | Dec 2023 | CBLS vs LSEQ | |
| Aptus International Enhanced Yield ETF | 15.21% | 490.37M | Jul 2021 | CBLS vs IDUB | |
| Efficient Market Portfolio Plus ETF | 14.62% | — | Dec 2024 | CBLS vs EMPB | |
| Militia Long/Short Equity ETF | 13.55% | 138.61M | Jan 2025 | CBLS vs ORR |
Lowest Volatility Alternatives to CBLS
CBLS has 17.45% 1-year volatility. There are 20 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.30% | — | Oct 2025 | CBLS vs ATTR | |
| ProShares Hedge Replication | 6.41% | 22.00M | Jul 2011 | CBLS vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.65% | 106.80M | Sep 2025 | CBLS vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.85% | 1.02B | Mar 2009 | CBLS vs QAI | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | CBLS vs EVNT |
Lowest Drawdown Alternatives to CBLS
CBLS has a 1-year max drawdown of -13.02%. There are 15 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | CBLS vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 1.02B | Mar 2009 | CBLS vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.49B | Sep 2014 | CBLS vs FTLS | |
| ProShares Hedge Replication | -3.97% | 22.00M | Jul 2011 | CBLS vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | -4.03% | 1.04B | Dec 2019 | CBLS vs FLSP |
Other ETFs from Clough
The 1 most viewed Clough ETFs shown here include CBSE and span 2 categories. AUM among these funds goes as high as $53M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Clough Select Equity ETF | Large Cap Value Equities, ESG | 36 | 17.44% | 52.72M | Nov 2020 | CBLS vs CBSE |
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
Clough Hedged Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBLS.
Explore CBLS Diversifiers