CBSE vs. BVAL

Last updated Aug 2, 2026

CBSE (Clough Select Equity ETF) and BVAL (Bluemonte Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, CBSE returned 22.91% vs 24.55% for BVAL. Their 0.67 correlation means they have sometimes moved together and sometimes differently. CBSE charges 0.85%/yr vs 0.24%/yr for BVAL.

Performance

CBSE vs. BVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clough Select Equity ETF (CBSE) and Bluemonte Large Cap Value ETF (BVAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBSE achieves a 17.44% return, which is significantly higher than BVAL's 13.76% return.

CBSE

• 1D: 0.48%
• 1M: -8.06%
• 6M: 10.14%
• YTD: 17.44%
• 1Y: 22.91%
• 3Y*: 24.56%
• 5Y*: 10.41%
• 10Y*: —
• ALL TIME*: 16.07%

BVAL

• 1D: 0.03%
• 1M: 0.45%
• 6M: 10.08%
• YTD: 13.76%
• 1Y: 24.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BVAL Bluemonte Large Cap Value ETF	$744.55K	$643.98K	$1.01M
CBSE Clough Select Equity ETF	$202.38K	$195.77K	$371.19K

CBSE vs. BVAL - Yearly Performance Comparison

	2026 (YTD)	2025
CBSE Clough Select Equity ETF	17.44%	11.08%
BVAL Bluemonte Large Cap Value ETF	13.76%	12.09%

Correlation

The correlation between CBSE and BVAL is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.67

The correlation between CBSE and BVAL has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

CBSE vs. BVAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CBSE

CBSE Risk / Return Rank: 36
CBSE Sharpe Ratio Rank: 33
CBSE Sortino Ratio Rank: 33
CBSE Omega Ratio Rank: 32
CBSE Calmar Ratio Rank: 44
CBSE Martin Ratio Rank: 39

BVAL

BVAL Risk / Return Rank: 89
BVAL Sharpe Ratio Rank: 90
BVAL Sortino Ratio Rank: 90
BVAL Omega Ratio Rank: 88
BVAL Calmar Ratio Rank: 87
BVAL Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CBSE vs. BVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and Bluemonte Large Cap Value ETF (BVAL). 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.

	CBSE	BVAL	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.25	-1.42
Sortino ratio: Return per unit of downside risk	1.25	3.15	-1.90
Omega ratio: Gain probability vs. loss probability	1.15	1.41	-0.25
Calmar ratio: Return relative to maximum drawdown	1.56	3.48	-1.92
Martin ratio: Return relative to average drawdown	4.04	14.68	-10.64

CBSE vs. BVAL - Sharpe Ratio Comparison

The current CBSE Sharpe Ratio is 0.83, which is lower than the BVAL Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of CBSE and BVAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CBSE vs. BVAL - Drawdown Comparison

The maximum CBSE drawdown since its inception was -36.30%, which is greater than BVAL's maximum drawdown of -6.69%. Use the drawdown chart below to compare losses from any high point for CBSE and BVAL.

Drawdown Indicators

	CBSE	BVAL	Difference
Max Drawdown Largest peak-to-trough decline	-36.30%	-6.69%	-29.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.57%	-6.69%	-6.88%
Max Drawdown (3Y) Largest decline over 3 years	-29.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	—	—
Current Drawdown Current decline from peak	-11.97%	-0.46%	-11.51%
Average Drawdown Average peak-to-trough decline	-12.13%	-0.87%	-11.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	1.59%	+3.65%

Volatility

CBSE vs. BVAL - Volatility Comparison

Clough Select Equity ETF (CBSE) has a higher volatility of 5.71% compared to Bluemonte Large Cap Value ETF (BVAL) at 2.53%. This indicates that CBSE's price experiences larger fluctuations and is considered to be riskier than BVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBSE	BVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	2.53%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	20.76%	7.88%	+12.88%
Volatility (1Y) Calculated over the trailing 1-year period	25.56%	10.40%	+15.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.56%	10.17%	+14.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.07%	10.17%	+13.90%

CBSE vs. BVAL - Expense Ratio Comparison

CBSE has a 0.85% expense ratio, which is higher than BVAL's 0.24% expense ratio.

Dividends

CBSE vs. BVAL - Dividend Comparison

CBSE's dividend yield for the trailing twelve months is around 0.29%, less than BVAL's 1.31% yield.

Position	TTM	2025	2024	2023	2022
BVAL Bluemonte Large Cap Value ETF	1.31%	0.73%	0.00%	0.00%	0.00%
CBSE Clough Select Equity ETF	0.29%	0.35%	0.37%	1.50%	0.52%

Frequently Asked Questions

Can I hold both CBSE and BVAL in my portfolio?

CBSE and BVAL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBSE or BVAL?

CBSE has higher volatility (5.71%) compared to BVAL (2.53%). In terms of maximum drawdown, CBSE dropped -36.30% vs BVAL's -6.69%.

Which ETF is better, CBSE or BVAL?

On 1-year performance, BVAL leads with 24.55% vs 22.91% for CBSE. On fees, BVAL is cheaper at 0.24% per year. On volatility, BVAL has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CBSE or BVAL?

Over the 1-year period, BVAL has performed better with a 24.55% return vs 22.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CBSE or BVAL?

BVAL is cheaper with a 0.24% expense ratio, compared with 0.85% for CBSE.

Which ETF pays a higher dividend yield, CBSE or BVAL?

BVAL has the higher dividend yield at 1.31%, compared with 0.29% for CBSE.

What is the main difference between CBSE and BVAL?

They also come from different issuers: Clough and Bluemonte. Their fees differ too: 0.85% for CBSE and 0.24% for BVAL.

Which has better risk-adjusted returns?

BVAL currently has the higher Sharpe Ratio (2.25 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.