CBSE vs. QQQ
CBSE (Clough Select Equity ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - CBSE is a Large Cap Value Equities fund actively managed by Clough, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. CBSE is actively managed, while QQQ is passively managed. Over the past 5 years, CBSE returned 10.41%/yr vs 14.23%/yr for QQQ. Their 0.71 correlation means they have sometimes moved together and sometimes differently. CBSE charges 0.85%/yr vs 0.18%/yr for QQQ.
Performance
CBSE vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CBSE achieves a 17.44% return, which is significantly higher than QQQ's 12.26% 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%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $202.38K | $195.77K | $371.19K | |
| $30.32B | $28.40B | $31.45B |
CBSE vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 17.44% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 17.27% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 8.98% |
Correlation
The correlation between CBSE and QQQ is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.71 |
The correlation between CBSE and QQQ has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
CBSE vs. QQQ — Risk / Return Rank
CBSE
QQQ
CBSE vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Select Equity ETF (CBSE) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.88 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.04 | 6.00 | -1.96 |
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Drawdowns
CBSE vs. QQQ - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CBSE and QQQ.
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Drawdown Indicators
| CBSE | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -82.97% | +46.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -11.96% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -22.77% | -6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -35.12% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -11.97% | -7.69% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -32.62% | +20.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 3.74% | +1.50% |
Volatility
CBSE vs. QQQ - Volatility Comparison
The current volatility for Clough Select Equity ETF (CBSE) is 5.71%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that CBSE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBSE | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 6.87% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 16.08% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.56% | 19.38% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 22.90% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 22.50% | +1.57% |
CBSE vs. QQQ - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
CBSE vs. QQQ - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 0.29%, less than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.29% | 0.35% | 0.37% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
CBSE and QQQ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.87%) compared to CBSE (5.71%). In terms of maximum drawdown, CBSE dropped -36.30% vs QQQ's -82.97%.
On 5-year performance, QQQ leads with 14.23% vs 10.41% for CBSE. On fees, QQQ is cheaper at 0.18% per year. On volatility, CBSE has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQ has performed better with a 14.23% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.85% for CBSE.
QQQ has the higher dividend yield at 0.44%, compared with 0.29% for CBSE.
CBSE is categorized as Large Cap Value Equities, while QQQ is Nasdaq-100. They also come from different issuers: Clough and Invesco. Their fees differ too: 0.85% for CBSE and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.16 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.
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