ILCV vs. CBSE
ILCV (iShares Morningstar Value ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. ILCV is passively managed, while CBSE is actively managed. Over the past 5 years, ILCV returned 11.42%/yr vs 12.52%/yr for CBSE. A 0.70 correlation means they provide meaningful diversification when combined. ILCV charges 0.04%/yr vs 0.85%/yr for CBSE.
Performance
ILCV vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, ILCV achieves a 7.75% return, which is significantly lower than CBSE's 32.18% return.
ILCV
- 1D
- -0.44%
- 1M
- 2.76%
- YTD
- 7.75%
- 6M
- 7.41%
- 1Y
- 26.58%
- 3Y*
- 18.61%
- 5Y*
- 11.42%
- 10Y*
- 11.68%
CBSE
- 1D
- -0.93%
- 1M
- 10.89%
- YTD
- 32.18%
- 6M
- 29.85%
- 1Y
- 51.66%
- 3Y*
- 31.65%
- 5Y*
- 12.52%
- 10Y*
- —
ILCV vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 7.75% | 18.79% | 17.03% | 14.43% | -7.02% | 26.71% | 5.80% |
CBSE Clough Select Equity ETF | 32.18% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
Correlation
The correlation between ILCV and CBSE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.70 |
The correlation between ILCV and CBSE shifts across timeframes, from 0.61 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ILCV vs. CBSE — Risk / Return Rank
ILCV
CBSE
ILCV vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) 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.
| ILCV | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.83 | +0.25 |
| Martin ratioReturn relative to average drawdown | 16.87 | 11.59 | +5.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ILCV | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.72 | 2.30 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.52 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.80 | -0.34 |
Drawdowns
ILCV vs. CBSE - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, which is greater than CBSE's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for ILCV and CBSE.
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Drawdown Indicators
| ILCV | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -36.30% | -22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -13.57% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -29.40% | +14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -36.30% | +17.72% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.93% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -12.31% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 4.47% | -2.89% |
Volatility
ILCV vs. CBSE - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 2.01%, while Clough Select Equity ETF (CBSE) has a volatility of 7.80%. This indicates that ILCV 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
| ILCV | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 7.80% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 17.58% | -10.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 22.55% | -12.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 24.06% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 23.79% | -7.13% |
ILCV vs. CBSE - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
ILCV vs. CBSE - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.63%, more than CBSE's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.26% | 0.35% | 0.37% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILCV iShares Morningstar Value ETF | 1.63% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
ILCV and CBSE have a correlation of 0.61, 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 ILCV (2.01%). In terms of maximum drawdown, ILCV dropped -58.63% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 12.52% vs 11.42% for ILCV. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.01%. 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 11.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCV is cheaper with a 0.04% expense ratio, compared with 0.85% for CBSE.
ILCV has the higher dividend yield at 1.63%, compared with 0.26% for CBSE.
They also come from different issuers: iShares and Clough. Their fees differ too: 0.04% for ILCV and 0.85% for CBSE.
ILCV currently has the higher Sharpe Ratio (2.72 vs 2.30), 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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