VLU vs. CBSE
VLU (SPDR S&P 1500 Value Tilt ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. VLU is passively managed, while CBSE is actively managed. Over the past 5 years, VLU returned 12.08%/yr vs 12.51%/yr for CBSE. A 0.75 correlation means they provide meaningful diversification when combined. VLU charges 0.12%/yr vs 0.85%/yr for CBSE.
Performance
VLU vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, VLU achieves a 13.84% return, which is significantly lower than CBSE's 32.12% return.
VLU
- 1D
- 0.76%
- 1M
- 3.13%
- YTD
- 13.84%
- 6M
- 14.57%
- 1Y
- 30.75%
- 3Y*
- 21.09%
- 5Y*
- 12.08%
- 10Y*
- 14.08%
CBSE
- 1D
- -0.04%
- 1M
- 8.76%
- YTD
- 32.12%
- 6M
- 28.70%
- 1Y
- 51.01%
- 3Y*
- 31.73%
- 5Y*
- 12.51%
- 10Y*
- —
VLU vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VLU SPDR S&P 1500 Value Tilt ETF | 13.84% | 16.70% | 17.24% | 17.18% | -8.24% | 30.95% | 7.88% |
CBSE Clough Select Equity ETF | 32.12% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
Correlation
The correlation between VLU 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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.75 |
The correlation between VLU and CBSE shifts across timeframes, from 0.65 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VLU vs. CBSE — Risk / Return Rank
VLU
CBSE
VLU vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Value Tilt ETF (VLU) 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.
| VLU | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.78 | +1.09 |
| Martin ratioReturn relative to average drawdown | 19.53 | 11.44 | +8.09 |
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
| VLU | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 2.27 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.52 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.80 | +0.02 |
Drawdowns
VLU vs. CBSE - Drawdown Comparison
The maximum VLU drawdown since its inception was -37.39%, roughly equal to the maximum CBSE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for VLU and CBSE.
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Drawdown Indicators
| VLU | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -36.30% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -13.57% | +7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.22% | -29.40% | +13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -36.30% | +16.75% |
Max Drawdown (10Y)Largest decline over 10 years | -37.39% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.97% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -12.30% | +8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 4.47% | -2.89% |
Volatility
VLU vs. CBSE - Volatility Comparison
The current volatility for SPDR S&P 1500 Value Tilt ETF (VLU) is 2.27%, while Clough Select Equity ETF (CBSE) has a volatility of 7.68%. This indicates that VLU 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
| VLU | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 7.68% | -5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 17.58% | -9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 22.55% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 24.06% | -8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 23.78% | -5.69% |
VLU vs. CBSE - Expense Ratio Comparison
VLU has a 0.12% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
VLU vs. CBSE - Dividend Comparison
VLU's dividend yield for the trailing twelve months is around 1.60%, 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% |
VLU SPDR S&P 1500 Value Tilt ETF | 1.60% | 1.82% | 2.00% | 2.02% | 2.16% | 1.86% | 1.98% | 2.19% | 2.57% | 1.96% | 2.14% | 6.37% |
Frequently Asked Questions
VLU 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.
CBSE has higher volatility (7.68%) compared to VLU (2.27%). In terms of maximum drawdown, VLU dropped -37.39% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 12.51% vs 12.08% for VLU. On fees, VLU is cheaper at 0.12% per year. On volatility, VLU has been the lower-risk option at 2.27%. 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 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VLU is cheaper with a 0.12% expense ratio, compared with 0.85% for CBSE.
VLU has the higher dividend yield at 1.60%, compared with 0.26% for CBSE.
They also come from different issuers: State Street and Clough. Their fees differ too: 0.12% for VLU and 0.85% for CBSE.
VLU currently has the higher Sharpe Ratio (2.84 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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