JAVA vs. CBSE

Last updated Jun 4, 2026

JAVA (JPMorgan Active Value ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past 3 years, JAVA returned 16.35%/yr vs 31.65%/yr for CBSE. A 0.72 correlation means they provide meaningful diversification when combined. JAVA charges 0.44%/yr vs 0.85%/yr for CBSE.

Performance

JAVA vs. CBSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) and Clough Select Equity ETF (CBSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAVA achieves a 8.50% return, which is significantly lower than CBSE's 32.18% return.

JAVA

• 1D: -0.21%
• 1M: 2.70%
• YTD: 8.50%
• 6M: 9.14%
• 1Y: 23.95%
• 3Y*: 16.35%
• 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*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JAVA vs. CBSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	8.50%	14.92%	15.52%	10.46%	-0.88%	5.23%
CBSE Clough Select Equity ETF	32.18%	19.53%	32.20%	17.29%	-19.92%	-6.53%

Correlation

The correlation between JAVA and CBSE is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021	0.72

The correlation between JAVA and CBSE has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

JAVA vs. CBSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JAVA

JAVA Risk / Return Rank: 62
JAVA Sharpe Ratio Rank: 64
JAVA Sortino Ratio Rank: 66
JAVA Omega Ratio Rank: 62
JAVA Calmar Ratio Rank: 58
JAVA Martin Ratio Rank: 60

CBSE

CBSE Risk / Return Rank: 67
CBSE Sharpe Ratio Rank: 70
CBSE Sortino Ratio Rank: 65
CBSE Omega Ratio Rank: 61
CBSE Calmar Ratio Rank: 76
CBSE Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JAVA vs. CBSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) 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.

	JAVA	CBSE	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.30	-0.15
Sortino ratio: Return per unit of downside risk	3.07	3.02	+0.05
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	2.90	3.83	-0.92
Martin ratio: Return relative to average drawdown	10.71	11.59	-0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAVA vs. CBSE - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.15, which is comparable to the CBSE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JAVA and CBSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JAVA	CBSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.30	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.80	-0.02

Drawdowns

JAVA vs. CBSE - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, smaller than the maximum CBSE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for JAVA and CBSE.

Drawdown Indicators

	JAVA	CBSE	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-36.30%	+19.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-13.57%	+5.28%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-29.40%	+12.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.30%	—
Current Drawdown Current decline from peak	-0.21%	-0.93%	+0.72%
Average Drawdown Average peak-to-trough decline	-3.63%	-12.31%	+8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	4.47%	-2.23%

Volatility

JAVA vs. CBSE - Volatility Comparison

The current volatility for JPMorgan Active Value ETF (JAVA) is 2.60%, while Clough Select Equity ETF (CBSE) has a volatility of 7.80%. This indicates that JAVA 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.

Volatility by Period

	JAVA	CBSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	7.80%	-5.20%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	17.58%	-9.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	22.55%	-11.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	24.06%	-9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	23.79%	-8.99%

JAVA vs. CBSE - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is lower than CBSE's 0.85% expense ratio.

Dividends

JAVA vs. CBSE - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.25%, 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%
JAVA JPMorgan Active Value ETF	1.25%	1.34%	1.45%	1.65%	1.25%	0.48%

Frequently Asked Questions

Can I hold both JAVA and CBSE in my portfolio?

JAVA and CBSE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAVA or CBSE?

CBSE has higher volatility (7.80%) compared to JAVA (2.60%). In terms of maximum drawdown, JAVA dropped -16.54% vs CBSE's -36.30%.

Which ETF is better, JAVA or CBSE?

On 3-year performance, CBSE leads with 31.65% vs 16.35% for JAVA. On fees, JAVA is cheaper at 0.44% per year. On volatility, JAVA has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JAVA or CBSE?

Over the 3-year period, CBSE has performed better with a 31.65% return vs 16.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JAVA or CBSE?

JAVA is cheaper with a 0.44% expense ratio, compared with 0.85% for CBSE.

Which ETF pays a higher dividend yield, JAVA or CBSE?

JAVA has the higher dividend yield at 1.25%, compared with 0.26% for CBSE.

What is the main difference between JAVA and CBSE?

They also come from different issuers: JPMorgan and Clough. Their fees differ too: 0.44% for JAVA and 0.85% for CBSE.

Which has better risk-adjusted returns?

CBSE currently has the higher Sharpe Ratio (2.30 vs 2.15), 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.