CBLS vs. BFLX
CBLS (Clough Hedged Equity ETF) and BFLX (iShares Flexible Equity Active ETF) are both Long-Short funds. Both are actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. CBLS charges 1.95%/yr vs 0.40%/yr for BFLX.
Performance
CBLS vs. BFLX - Performance Comparison
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Returns By Period
CBLS
- 1D
- 0.39%
- 1M
- -8.11%
- 6M
- 0.45%
- YTD
- 9.99%
- 1Y
- 6.27%
- 3Y*
- 16.15%
- 5Y*
- 3.87%
- 10Y*
- —
- ALL TIME*
- 7.64%
BFLX
- 1D
- 0.71%
- 1M
- 0.99%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.04M | $46.24M | $34.24M | |
| $136.56K | $124.70K | $136.61K |
CBLS vs. BFLX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CBLS Clough Hedged Equity ETF | -5.33% |
BFLX iShares Flexible Equity Active ETF | 0.94% |
Correlation
The correlation between CBLS and BFLX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.73 |
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Return for Risk
CBLS vs. BFLX — Risk / Return Rank
CBLS
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CBLS vs. BFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Hedged Equity ETF (CBLS) and iShares Flexible Equity Active ETF (BFLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CBLS | BFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | — | — |
| Martin ratioReturn relative to average drawdown | 1.22 | — | — |
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Drawdowns
CBLS vs. BFLX - Drawdown Comparison
The maximum CBLS drawdown since its inception was -32.78%, which is greater than BFLX's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for CBLS and BFLX.
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Drawdown Indicators
| CBLS | BFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -4.55% | -28.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -1.82% | -9.96% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -1.66% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | — | — |
Volatility
CBLS vs. BFLX - Volatility Comparison
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Volatility by Period
| CBLS | BFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.45% | 14.68% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 14.68% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 14.68% | +1.66% |
CBLS vs. BFLX - Expense Ratio Comparison
CBLS has a 1.95% expense ratio, which is higher than BFLX's 0.40% expense ratio.
Dividends
CBLS vs. BFLX - Dividend Comparison
CBLS's dividend yield for the trailing twelve months is around 0.82%, while BFLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BFLX iShares Flexible Equity Active ETF | 0.00% | 0.00% | 0.00% | 0.00% |
CBLS Clough Hedged Equity ETF | 0.82% | 0.90% | 0.73% | 0.44% |
Frequently Asked Questions
CBLS and BFLX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BFLX is cheaper with a 0.40% expense ratio, compared with 1.95% for CBLS.
CBLS has the higher dividend yield at 0.82%, compared with 0.00% for BFLX.
They also come from different issuers: Clough and iShares. Their fees differ too: 1.95% for CBLS and 0.40% for BFLX.
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