CBSE vs. SPY
Compare and contrast key facts about Changebridge Capital Sustainable Equity ETF (CBSE) and SPDR S&P 500 ETF (SPY).
CBSE and SPY 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 Changebridge Capital LLC. It was launched on Nov 13, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBSE or SPY.
Performance
CBSE vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, CBSE achieves a 29.72% return, which is significantly higher than SPY's 24.40% return.
CBSE
29.72%
2.99%
7.38%
46.33%
N/A
N/A
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| CBSE | SPY | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.64 |
| Sortino Ratio | 3.16 | 3.53 |
| Omega Ratio | 1.41 | 1.49 |
| Calmar Ratio | 1.71 | 3.81 |
| Martin Ratio | 10.20 | 17.21 |
| Ulcer Index | 4.43% | 1.86% |
| Daily Std Dev | 18.37% | 12.15% |
| Max Drawdown | -36.30% | -55.19% |
| Current Drawdown | -2.50% | -2.17% |
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CBSE vs. SPY - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between CBSE and SPY is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CBSE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Sustainable Equity ETF (CBSE) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CBSE vs. SPY - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 1.15%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Changebridge Capital Sustainable Equity ETF | 1.15% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CBSE vs. SPY - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CBSE and SPY. For additional features, visit the drawdowns tool.
Volatility
CBSE vs. SPY - Volatility Comparison
Changebridge Capital Sustainable Equity ETF (CBSE) has a higher volatility of 5.16% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that CBSE's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.