CBSE vs. DIVN
CBSE (Clough Select Equity ETF) and DIVN (Horizon Dividend Income ETF) are both Large Cap Value Equities funds. At a 0.37 correlation, their price movements are largely independent. CBSE charges 0.85%/yr vs 0.70%/yr for DIVN.
Performance
CBSE vs. DIVN - Performance Comparison
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Returns By Period
In the year-to-date period, CBSE achieves a 32.12% return, which is significantly higher than DIVN's 12.28% return.
CBSE
- 1D
- -0.04%
- 1M
- 8.76%
- YTD
- 32.12%
- 6M
- 28.70%
- 1Y
- 51.01%
- 3Y*
- 31.73%
- 5Y*
- 12.51%
- 10Y*
- —
DIVN
- 1D
- 0.37%
- 1M
- 2.86%
- YTD
- 12.28%
- 6M
- 12.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBSE vs. DIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBSE Clough Select Equity ETF | 32.12% | 7.39% |
DIVN Horizon Dividend Income ETF | 12.28% | 7.95% |
Correlation
The correlation between CBSE and DIVN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.37 |
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Return for Risk
CBSE vs. DIVN — Risk / Return Rank
CBSE
DIVN
CBSE vs. DIVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and Horizon Dividend Income ETF (DIVN). 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.
| CBSE | DIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | — | — |
| Martin ratioReturn relative to average drawdown | 11.44 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBSE | DIVN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 2.17 | -1.36 |
Drawdowns
CBSE vs. DIVN - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for CBSE and DIVN.
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Drawdown Indicators
| CBSE | DIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -5.55% | -30.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.26% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -1.44% | -10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | — | — |
Volatility
CBSE vs. DIVN - Volatility Comparison
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Volatility by Period
| CBSE | DIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 10.54% | +12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 10.54% | +13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 10.54% | +13.24% |
CBSE vs. DIVN - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is higher than DIVN's 0.70% expense ratio.
Dividends
CBSE vs. DIVN - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 0.26%, less than DIVN's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.26% | 0.35% | 0.37% | 1.50% | 0.52% |
DIVN Horizon Dividend Income ETF | 3.11% | 1.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBSE and DIVN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIVN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIVN is cheaper with a 0.70% expense ratio, compared with 0.85% for CBSE.
DIVN has the higher dividend yield at 3.11%, compared with 0.26% for CBSE.
They also come from different issuers: Clough and Horizon. Their fees differ too: 0.85% for CBSE and 0.70% for DIVN.
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