CBSE vs. FEGE

Last updated Apr 1, 2026

Compare and contrast key facts about Clough Select Equity ETF (CBSE) and First Eagle Global Equity ETF (FEGE).

CBSE and FEGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBSE is an actively managed fund by Clough. It was launched on Nov 13, 2020. FEGE is an actively managed fund by First Eagle. It was launched on Dec 19, 2024.

Performance

CBSE vs. FEGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clough Select Equity ETF (CBSE) and First Eagle Global Equity ETF (FEGE). The values are adjusted to include any dividend payments, if applicable.

CBSE vs. FEGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CBSE Clough Select Equity ETF	0.99%	19.53%	-0.32%
FEGE First Eagle Global Equity ETF	2.11%	34.19%	-1.12%

Returns By Period

In the year-to-date period, CBSE achieves a 0.99% return, which is significantly lower than FEGE's 2.11% return.

CBSE

• 1D: 2.61%
• 1M: -6.97%
• YTD: 0.99%
• 6M: -3.27%
• 1Y: 33.74%
• 3Y*: 19.48%
• 5Y*: 7.10%
• 10Y*: —

FEGE

• 1D: 2.20%
• 1M: -8.68%
• YTD: 2.11%
• 6M: 7.62%
• 1Y: 26.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CBSE vs. FEGE - Expense Ratio Comparison

CBSE has a 0.85% expense ratio, which is higher than FEGE's 0.50% expense ratio.

CBSE

Clough Select Equity ETF

FEGE

First Eagle Global Equity ETF

Return for Risk

CBSE vs. FEGE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBSE

CBSE Risk / Return Rank: 73
CBSE Sharpe Ratio Rank: 74
CBSE Sortino Ratio Rank: 74
CBSE Omega Ratio Rank: 68
CBSE Calmar Ratio Rank: 80
CBSE Martin Ratio Rank: 67

FEGE

FEGE Risk / Return Rank: 85
FEGE Sharpe Ratio Rank: 86
FEGE Sortino Ratio Rank: 86
FEGE Omega Ratio Rank: 86
FEGE Calmar Ratio Rank: 84
FEGE Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBSE vs. FEGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and First Eagle Global Equity ETF (FEGE). 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	FEGE	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.71	-0.39
Sortino ratio Return per unit of downside risk	1.87	2.32	-0.46
Omega ratio Gain probability vs. loss probability	1.25	1.34	-0.09
Calmar ratio Return relative to maximum drawdown	2.18	2.45	-0.27
Martin ratio Return relative to average drawdown	6.81	9.66	-2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBSE vs. FEGE - Sharpe Ratio Comparison

The current CBSE Sharpe Ratio is 1.33, which is comparable to the FEGE Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of CBSE and FEGE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CBSE	FEGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.71	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.84	-1.25

Correlation

The correlation between CBSE and FEGE is 0.65, 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.

Dividends

CBSE vs. FEGE - Dividend Comparison

CBSE's dividend yield for the trailing twelve months is around 0.34%, less than FEGE's 1.25% yield.

	TTM	2025	2024	2023	2022
CBSE Clough Select Equity ETF	0.34%	0.35%	0.37%	1.50%	0.52%
FEGE First Eagle Global Equity ETF	1.25%	1.28%	0.00%	0.00%	0.00%

Drawdowns

CBSE vs. FEGE - Drawdown Comparison

The maximum CBSE drawdown since its inception was -36.30%, which is greater than FEGE's maximum drawdown of -11.13%. Use the drawdown chart below to compare losses from any high point for CBSE and FEGE.

Drawdown Indicators

	CBSE	FEGE	Difference
Max Drawdown Largest peak-to-trough decline	-36.30%	-11.13%	-25.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.89%	-10.96%	-3.93%
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	—	—
Current Drawdown Current decline from peak	-9.23%	-8.68%	-0.55%
Average Drawdown Average peak-to-trough decline	-12.65%	-1.35%	-11.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	2.78%	+1.99%

Volatility

CBSE vs. FEGE - Volatility Comparison

Clough Select Equity ETF (CBSE) has a higher volatility of 8.34% compared to First Eagle Global Equity ETF (FEGE) at 6.01%. This indicates that CBSE's price experiences larger fluctuations and is considered to be riskier than FEGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBSE	FEGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.34%	6.01%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	9.88%	+7.69%
Volatility (1Y) Calculated over the trailing 1-year period	25.59%	15.65%	+9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.81%	14.88%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.70%	14.88%	+8.82%