CBLS vs. SPY
Compare and contrast key facts about Changebridge Capital Long/Short Equity ETF (CBLS) and SPDR S&P 500 ETF (SPY).
CBLS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBLS is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBLS or SPY.
Key characteristics
| CBLS | SPY | |
|---|---|---|
| YTD Return | 12.00% | 5.94% |
| 1Y Return | 12.97% | 22.56% |
| 3Y Return (Ann) | -5.52% | 7.95% |
| Sharpe Ratio | 1.19 | 1.93 |
| Daily Std Dev | 10.70% | 11.63% |
| Max Drawdown | -32.78% | -55.19% |
| Current Drawdown | -16.99% | -4.05% |
Correlation
The correlation between CBLS and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CBLS vs. SPY - Performance Comparison
In the year-to-date period, CBLS achieves a 12.00% return, which is significantly higher than SPY's 5.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CBLS vs. SPY - Expense Ratio Comparison
CBLS has a 1.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CBLS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Long/Short Equity ETF (CBLS) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CBLS vs. SPY - Dividend Comparison
CBLS's dividend yield for the trailing twelve months is around 0.39%, less than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBLS Changebridge Capital Long/Short Equity ETF | 0.39% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CBLS vs. SPY - Drawdown Comparison
The maximum CBLS drawdown since its inception was -32.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CBLS and SPY. For additional features, visit the drawdowns tool.
Volatility
CBLS vs. SPY - Volatility Comparison
The current volatility for Changebridge Capital Long/Short Equity ETF (CBLS) is 3.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.91%. This indicates that CBLS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.