DVY vs. CBSE
DVY (iShares Select Dividend ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. DVY is passively managed, while CBSE is actively managed. Over the past 5 years, DVY returned 9.79%/yr vs 11.75%/yr for CBSE. A 0.57 correlation means they provide meaningful diversification when combined. DVY charges 0.39%/yr vs 0.85%/yr for CBSE.
Performance
DVY vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, DVY achieves a 12.97% return, which is significantly lower than CBSE's 29.44% return.
DVY
- 1D
- 0.72%
- 1M
- 1.93%
- YTD
- 12.97%
- 6M
- 11.84%
- 1Y
- 24.49%
- 3Y*
- 16.32%
- 5Y*
- 9.79%
- 10Y*
- 10.66%
CBSE
- 1D
- 1.45%
- 1M
- 0.71%
- YTD
- 29.44%
- 6M
- 26.47%
- 1Y
- 41.82%
- 3Y*
- 31.26%
- 5Y*
- 11.75%
- 10Y*
- —
DVY vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 12.97% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | 8.01% |
CBSE Clough Select Equity ETF | 29.44% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 17.27% |
Correlation
The correlation between DVY and CBSE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.57 |
Over the past year, the correlation between DVY and CBSE has dropped to 0.35 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
DVY vs. CBSE — Risk / Return Rank
DVY
CBSE
DVY vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.
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.
| DVY | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.10 | +0.47 |
| Martin ratioReturn relative to average drawdown | 12.47 | 8.98 | +3.49 |
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Drawdowns
DVY vs. CBSE - Drawdown Comparison
The maximum DVY drawdown since its inception was -62.59%, which is greater than CBSE's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for DVY and CBSE.
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Drawdown Indicators
| DVY | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.59% | -36.30% | -26.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -13.57% | +6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -29.40% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -36.30% | +18.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -2.98% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -12.22% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 4.67% | -2.70% |
Volatility
DVY vs. CBSE - Volatility Comparison
The current volatility for iShares Select Dividend ETF (DVY) is 3.36%, while Clough Select Equity ETF (CBSE) has a volatility of 12.35%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than CBSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVY | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 12.35% | -8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 20.37% | -12.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 24.94% | -13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 24.51% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 24.11% | -6.10% |
DVY vs. CBSE - Expense Ratio Comparison
DVY has a 0.39% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
DVY vs. CBSE - Dividend Comparison
DVY's dividend yield for the trailing twelve months is around 3.35%, more than CBSE's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.27% | 0.35% | 0.37% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DVY iShares Select Dividend ETF | 3.35% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
Frequently Asked Questions
DVY and CBSE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBSE has higher volatility (12.35%) compared to DVY (3.36%). In terms of maximum drawdown, DVY dropped -62.59% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 11.75% vs 9.79% for DVY. On fees, DVY is cheaper at 0.39% per year. On volatility, DVY has been the lower-risk option at 3.36%. 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 11.75% return vs 9.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DVY is cheaper with a 0.39% expense ratio, compared with 0.85% for CBSE.
DVY has the higher dividend yield at 3.35%, compared with 0.27% for CBSE.
They also come from different issuers: iShares and Clough. Their fees differ too: 0.39% for DVY and 0.85% for CBSE.
DVY currently has the higher Sharpe Ratio (2.20 vs 1.68), 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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