DIVN vs. CBSE
DIVN (Horizon Dividend Income ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. At a 0.38 correlation, their price movements are largely independent. DIVN charges 0.70%/yr vs 0.85%/yr for CBSE.
Performance
DIVN vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, DIVN achieves a 11.87% return, which is significantly lower than CBSE's 32.18% return.
DIVN
- 1D
- 0.21%
- 1M
- 3.29%
- YTD
- 11.87%
- 6M
- 11.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBSE
- 1D
- -0.93%
- 1M
- 10.89%
- YTD
- 32.18%
- 6M
- 29.85%
- 1Y
- 51.66%
- 3Y*
- 31.65%
- 5Y*
- 12.52%
- 10Y*
- —
DIVN vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVN Horizon Dividend Income ETF | 11.87% | 7.95% |
CBSE Clough Select Equity ETF | 32.18% | 7.39% |
Correlation
The correlation between DIVN and CBSE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.38 |
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Return for Risk
DIVN vs. CBSE — Risk / Return Rank
DIVN
CBSE
DIVN vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and Clough Select Equity ETF (CBSE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DIVN | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.30 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.13 | 0.80 | +1.32 |
Drawdowns
DIVN vs. CBSE - Drawdown Comparison
The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum CBSE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for DIVN and CBSE.
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Drawdown Indicators
| DIVN | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -36.30% | +30.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.57% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.30% | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.93% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -12.31% | +10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.47% | — |
Volatility
DIVN vs. CBSE - Volatility Comparison
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Volatility by Period
| DIVN | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 22.55% | -11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 24.06% | -13.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 23.79% | -13.23% |
DIVN vs. CBSE - Expense Ratio Comparison
DIVN has a 0.70% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
DIVN vs. CBSE - Dividend Comparison
DIVN's dividend yield for the trailing twelve months is around 3.12%, more than CBSE's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.26% | 0.35% | 0.37% | 1.50% | 0.52% |
DIVN Horizon Dividend Income ETF | 3.12% | 1.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIVN and CBSE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIVN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIVN is cheaper with a 0.70% expense ratio, compared with 0.85% for CBSE.
DIVN has the higher dividend yield at 3.12%, compared with 0.26% for CBSE.
They also come from different issuers: Horizon and Clough. Their fees differ too: 0.70% for DIVN and 0.85% for CBSE.
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