CBSE vs. HDV
Compare and contrast key facts about Clough Select Equity ETF (CBSE) and iShares Core High Dividend ETF (HDV).
CBSE and HDV 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. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011.
Performance
CBSE vs. HDV - Performance Comparison
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CBSE vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.99% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
HDV iShares Core High Dividend ETF | 12.30% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | 3.20% |
Returns By Period
In the year-to-date period, CBSE achieves a 0.99% return, which is significantly lower than HDV's 12.30% return.
CBSE
- 1D
- 2.61%
- 1M
- -6.97%
- YTD
- 0.99%
- 6M
- -3.27%
- 1Y
- 33.74%
- 3Y*
- 19.48%
- 5Y*
- 7.10%
- 10Y*
- —
HDV
- 1D
- 0.24%
- 1M
- -2.54%
- YTD
- 12.30%
- 6M
- 12.67%
- 1Y
- 15.69%
- 3Y*
- 13.97%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
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CBSE vs. HDV - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is higher than HDV's 0.08% expense ratio.
Return for Risk
CBSE vs. HDV — Risk / Return Rank
CBSE
HDV
CBSE vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.24 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.70 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.65 | +0.53 |
Martin ratioReturn relative to average drawdown | 6.81 | 6.01 | +0.80 |
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 | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.24 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.88 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.73 | -0.14 |
Correlation
The correlation between CBSE and HDV is 0.45, 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. HDV - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 0.34%, less than HDV's 2.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.34% | 0.35% | 0.37% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.92% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Drawdowns
CBSE vs. HDV - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, roughly equal to the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for CBSE and HDV.
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Drawdown Indicators
| CBSE | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -37.04% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.89% | -10.04% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -15.42% | -20.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -9.23% | -2.58% | -6.65% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -3.09% | -9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 2.88% | +1.89% |
Volatility
CBSE vs. HDV - Volatility Comparison
Clough Select Equity ETF (CBSE) has a higher volatility of 8.34% compared to iShares Core High Dividend ETF (HDV) at 2.94%. This indicates that CBSE's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBSE | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 2.94% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 7.06% | +10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.59% | 12.79% | +12.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.81% | 12.78% | +11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.70% | 15.70% | +8.00% |