- Issuer
- Clough
- Inception Date
- Nov 13, 2020
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities, ESG
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $55M
Share Price Chart
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Performance
CBSE Performance Chart
Clough Select Equity ETF (CBSE) is up 31.8% since the beginning of the year. CBSE is currently trading at $52 per share. Investors who bought $1,000 worth of CBSE shares 5 years ago would now be looking at an investment worth $1,829.
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Returns By Period
Clough Select Equity ETF (CBSE) has returned 31.82% so far this year and 46.42% over the past 12 months.
Clough Select Equity ETF
- 1D
- 0.41%
- 1M
- 5.04%
- YTD
- 31.82%
- 6M
- 29.38%
- 1Y
- 46.42%
- 3Y*
- 32.02%
- 5Y*
- 12.84%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CBSE Monthly Returns History
Based on dividend-adjusted daily data since Nov 13, 2020, CBSE's average daily return is +0.08%, while the average monthly return is +1.63%. At this rate, an investment would double in approximately 3.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +16.7%, while the worst month was Apr 2022 at -10.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CBSE closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Jun 5, 2026 at -7.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.63% | 1.81% | -6.97% | 16.70% | 8.17% | 3.40% | 31.82% | ||||||
| 2025 | 4.76% | -4.25% | -10.01% | 0.39% | 13.53% | 7.90% | 4.42% | 1.16% | 6.43% | -2.31% | -0.85% | -1.11% | 19.53% |
| 2024 | -1.32% | 9.08% | 2.52% | -3.78% | 12.69% | 1.10% | 2.52% | -2.84% | 2.80% | 0.07% | 11.59% | -4.43% | 32.20% |
| 2023 | 9.51% | -1.27% | 1.50% | -2.66% | -2.99% | 5.21% | 4.27% | -3.80% | -5.35% | -6.18% | 11.08% | 8.73% | 17.29% |
| 2022 | -8.91% | 0.16% | 1.23% | -10.45% | -0.46% | -9.36% | 13.41% | 2.47% | -9.33% | 11.56% | -3.04% | -5.83% | -19.92% |
| 2021 | 4.06% | 13.63% | 1.97% | 3.84% | -1.66% | 1.96% | -3.04% | 2.91% | -1.95% | 0.89% | -6.49% | -1.12% | 14.57% |
Benchmark Metrics
Clough Select Equity ETF has an annualized alpha of 3.15%, beta of 1.16, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since November 13, 2020.
- This ETF captured 119.01% of S&P 500 Index gains and 102.15% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 3.15% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.15%
- Beta
- 1.16
- R²
- 0.64
- Upside Capture
- 119.01%
- Downside Capture
- 102.15%
Expense Ratio
CBSE has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CBSE ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBSE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.78 | +0.65 |
| Martin ratioReturn relative to average drawdown | 10.01 | 12.44 | -2.43 |
Dividends
Dividend History
Clough Select Equity ETF provided a 0.26% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.12 | $0.38 | $0.11 |
Dividend yield | 0.26% | 0.35% | 0.37% | 1.50% | 0.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Clough Select 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2022 | $0.11 | $0.11 |
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 Clough Select 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 Clough Select Equity ETF was 36.30%, occurring on Jun 16, 2022. Recovery took 480 trading sessions.
The current Clough Select Equity ETF drawdown is 1.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -36.30%Jun 2022 | 7mo 8d | 1y 11mo | 2y 6moNov 2021 - May 2024 |
2025 selloff2025 | -29.40%Apr 2025 | 2mo 11d | 2mo 19d | 5moJan 2025 - Jun 2025 |
2025 correction2025 | -13.57%Nov 2025 | 1mo 5d | 1mo 25d | 3moOct 2025 - Jan 2026 |
2024 correction2024 | -13.28%Aug 2024 | 19d | 3mo 4d | 3mo 23dJul 2024 - Nov 2024 |
2026 correction2026 | -11.54%Mar 2026 | 2mo 6d | 14d | 2mo 20dJan 2026 - Apr 2026 |
Drawdown Indicators
| CBSE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -56.78% | +20.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -9.10% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -18.90% | -10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -25.43% | -10.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.80% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -12.24% | -10.71% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 2.03% | +2.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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