HTEC vs. CBSE
HTEC (ROBO Global Healthcare Technology and Innovation ETF) and CBSE (Clough Select Equity ETF) are both exchange-traded funds - HTEC is a Health & Biotech Equities fund tracking the ROBO Global® Healthcare Technology and Innovation Index, while CBSE is a Large Cap Value Equities fund actively managed by Clough. HTEC is passively managed, while CBSE is actively managed. Over the past 5 years, HTEC returned -4.88%/yr vs 12.52%/yr for CBSE. A 0.70 correlation means they provide meaningful diversification when combined. HTEC charges 0.68%/yr vs 0.85%/yr for CBSE.
Performance
HTEC vs. CBSE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTEC achieves a -2.96% return, which is significantly lower than CBSE's 32.18% return.
HTEC
- 1D
- 0.67%
- 1M
- 3.12%
- YTD
- -2.96%
- 6M
- -3.90%
- 1Y
- 26.68%
- 3Y*
- 5.17%
- 5Y*
- -4.88%
- 10Y*
- —
CBSE
- 1D
- -0.93%
- 1M
- 10.89%
- YTD
- 32.18%
- 6M
- 29.85%
- 1Y
- 51.66%
- 3Y*
- 31.65%
- 5Y*
- 12.52%
- 10Y*
- —
HTEC vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HTEC ROBO Global Healthcare Technology and Innovation ETF | -2.96% | 23.91% | 2.68% | -2.94% | -33.72% | -0.28% | 13.03% |
CBSE Clough Select Equity ETF | 32.18% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
Correlation
The correlation between HTEC and CBSE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.70 |
The correlation between HTEC and CBSE shifts across timeframes, from 0.51 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTEC vs. CBSE — Risk / Return Rank
HTEC
CBSE
HTEC vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) 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.
| HTEC | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 3.83 | -2.18 |
| Martin ratioReturn relative to average drawdown | 4.07 | 11.59 | -7.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HTEC | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.30 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.52 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.80 | -0.60 |
Drawdowns
HTEC vs. CBSE - Drawdown Comparison
The maximum HTEC drawdown since its inception was -57.53%, which is greater than CBSE's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for HTEC and CBSE.
Loading charts...
Drawdown Indicators
| HTEC | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.53% | -36.30% | -21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.31% | -13.57% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -28.67% | -29.40% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -56.10% | -36.30% | -19.80% |
Current DrawdownCurrent decline from peak | -33.25% | -0.93% | -32.32% |
Average DrawdownAverage peak-to-trough decline | -28.99% | -12.31% | -16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 4.47% | +2.10% |
Volatility
HTEC vs. CBSE - Volatility Comparison
The current volatility for ROBO Global Healthcare Technology and Innovation ETF (HTEC) is 5.82%, while Clough Select Equity ETF (CBSE) has a volatility of 7.80%. This indicates that HTEC 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.
Loading charts...
Volatility by Period
| HTEC | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 7.80% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 17.58% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 22.55% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.39% | 24.06% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 23.79% | +1.67% |
HTEC vs. CBSE - Expense Ratio Comparison
HTEC has a 0.68% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
HTEC vs. CBSE - Dividend Comparison
HTEC's dividend yield for the trailing twelve months is around 1.01%, more than CBSE's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.26% | 0.35% | 0.37% | 1.50% | 0.52% | 0.00% |
HTEC ROBO Global Healthcare Technology and Innovation ETF | 1.01% | 0.98% | 0.00% | 0.00% | 0.00% | 0.05% |
Frequently Asked Questions
HTEC and CBSE have a correlation of 0.51, 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 HTEC (5.82%). In terms of maximum drawdown, HTEC dropped -57.53% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 12.52% vs -4.88% for HTEC. On fees, HTEC is cheaper at 0.68% per year. On volatility, HTEC has been the lower-risk option at 5.82%. 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 -4.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HTEC is cheaper with a 0.68% expense ratio, compared with 0.85% for CBSE.
HTEC has the higher dividend yield at 1.01%, compared with 0.26% for CBSE.
HTEC is categorized as Health & Biotech Equities, while CBSE is Large Cap Value Equities. They also come from different issuers: Exchange Traded Concepts and Clough. Their fees differ too: 0.68% for HTEC and 0.85% for CBSE.
CBSE currently has the higher Sharpe Ratio (2.30 vs 1.32), 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.
Find the right allocation for HTEC and CBSE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer