MGV vs. CBSE
MGV (Vanguard Mega Cap Value ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. MGV is passively managed, while CBSE is actively managed. Over the past 5 years, MGV returned 12.10%/yr vs 12.51%/yr for CBSE. A 0.64 correlation means they provide meaningful diversification when combined. MGV charges 0.05%/yr vs 0.85%/yr for CBSE.
Performance
MGV vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, MGV achieves a 14.01% return, which is significantly lower than CBSE's 32.12% return.
MGV
- 1D
- 0.77%
- 1M
- 4.80%
- YTD
- 14.01%
- 6M
- 14.90%
- 1Y
- 28.63%
- 3Y*
- 19.33%
- 5Y*
- 12.10%
- 10Y*
- 12.84%
CBSE
- 1D
- -0.04%
- 1M
- 8.76%
- YTD
- 32.12%
- 6M
- 28.70%
- 1Y
- 51.01%
- 3Y*
- 31.73%
- 5Y*
- 12.51%
- 10Y*
- —
MGV vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 14.01% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 4.98% |
CBSE Clough Select Equity ETF | 32.12% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
Correlation
The correlation between MGV and CBSE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.64 |
The correlation between MGV and CBSE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
MGV vs. CBSE — Risk / Return Rank
MGV
CBSE
MGV vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) 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.
| MGV | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 3.78 | +0.71 |
| Martin ratioReturn relative to average drawdown | 17.05 | 11.44 | +5.61 |
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
| MGV | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 2.27 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.52 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.80 | -0.32 |
Drawdowns
MGV vs. CBSE - Drawdown Comparison
The maximum MGV drawdown since its inception was -55.87%, which is greater than CBSE's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for MGV and CBSE.
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Drawdown Indicators
| MGV | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.87% | -36.30% | -19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -13.57% | +7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -29.40% | +16.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -36.30% | +19.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.97% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -12.30% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 4.47% | -2.79% |
Volatility
MGV vs. CBSE - Volatility Comparison
The current volatility for Vanguard Mega Cap Value ETF (MGV) is 2.37%, while Clough Select Equity ETF (CBSE) has a volatility of 7.68%. This indicates that MGV 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
| MGV | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 7.68% | -5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 17.58% | -10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 22.55% | -12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 24.06% | -10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 23.78% | -7.45% |
MGV vs. CBSE - Expense Ratio Comparison
MGV has a 0.05% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
MGV vs. CBSE - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 1.87%, 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% |
MGV Vanguard Mega Cap Value ETF | 1.87% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
Frequently Asked Questions
MGV and CBSE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBSE has higher volatility (7.68%) compared to MGV (2.37%). In terms of maximum drawdown, MGV dropped -55.87% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 12.51% vs 12.10% for MGV. On fees, MGV is cheaper at 0.05% per year. On volatility, MGV has been the lower-risk option at 2.37%. 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 12.51% return vs 12.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV is cheaper with a 0.05% expense ratio, compared with 0.85% for CBSE.
MGV has the higher dividend yield at 1.87%, compared with 0.26% for CBSE.
They also come from different issuers: Vanguard and Clough. Their fees differ too: 0.05% for MGV and 0.85% for CBSE.
MGV currently has the higher Sharpe Ratio (2.93 vs 2.27), 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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