CBSE vs. MGV
CBSE (Clough Select Equity ETF) and MGV (Vanguard Mega Cap Value ETF) are both Large Cap Value Equities funds. CBSE is actively managed, while MGV is passively managed. Over the past 5 years, CBSE returned 12.52%/yr vs 11.92%/yr for MGV. A 0.64 correlation means they provide meaningful diversification when combined. CBSE charges 0.85%/yr vs 0.05%/yr for MGV.
Performance
CBSE vs. MGV - Performance Comparison
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Returns By Period
In the year-to-date period, CBSE achieves a 32.18% return, which is significantly higher than MGV's 13.14% return.
CBSE
- 1D
- -0.93%
- 1M
- 10.89%
- YTD
- 32.18%
- 6M
- 29.85%
- 1Y
- 51.66%
- 3Y*
- 31.65%
- 5Y*
- 12.52%
- 10Y*
- —
MGV
- 1D
- 0.08%
- 1M
- 5.09%
- YTD
- 13.14%
- 6M
- 13.88%
- 1Y
- 26.98%
- 3Y*
- 18.87%
- 5Y*
- 11.92%
- 10Y*
- 12.82%
CBSE vs. MGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 32.18% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
MGV Vanguard Mega Cap Value ETF | 13.14% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 4.98% |
Correlation
The correlation between CBSE and MGV is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.64 |
The correlation between CBSE and MGV has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
CBSE vs. MGV — Risk / Return Rank
CBSE
MGV
CBSE vs. MGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and Vanguard Mega Cap Value ETF (MGV). 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 | MGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 4.22 | -0.40 |
| Martin ratioReturn relative to average drawdown | 11.59 | 16.07 | -4.48 |
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 | MGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.76 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.88 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.48 | +0.32 |
Drawdowns
CBSE vs. MGV - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, smaller than the maximum MGV drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for CBSE and MGV.
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Drawdown Indicators
| CBSE | MGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -55.87% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -6.42% | -7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -13.18% | -16.22% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -16.54% | -19.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.41% | — |
Current DrawdownCurrent decline from peak | -0.93% | 0.00% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -12.31% | -7.70% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 1.68% | +2.79% |
Volatility
CBSE vs. MGV - Volatility Comparison
Clough Select Equity ETF (CBSE) has a higher volatility of 7.80% compared to Vanguard Mega Cap Value ETF (MGV) at 2.46%. This indicates that CBSE's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBSE | MGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 2.46% | +5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 17.58% | 7.46% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 9.83% | +12.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 13.56% | +10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 16.33% | +7.46% |
CBSE vs. MGV - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is higher than MGV's 0.05% expense ratio.
Dividends
CBSE vs. MGV - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 0.26%, less than MGV's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.26% | 0.35% | 0.37% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGV Vanguard Mega Cap Value ETF | 1.88% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
Frequently Asked Questions
CBSE and MGV have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBSE has higher volatility (7.80%) compared to MGV (2.46%). In terms of maximum drawdown, CBSE dropped -36.30% vs MGV's -55.87%.
On 5-year performance, CBSE leads with 12.52% vs 11.92% for MGV. On fees, MGV is cheaper at 0.05% per year. On volatility, MGV has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CBSE has performed better with a 12.52% return vs 11.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV is cheaper with a 0.05% expense ratio, compared with 0.85% for CBSE.
MGV has the higher dividend yield at 1.88%, compared with 0.26% for CBSE.
They also come from different issuers: Clough and Vanguard. Their fees differ too: 0.85% for CBSE and 0.05% for MGV.
MGV currently has the higher Sharpe Ratio (2.76 vs 2.30), 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.
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