VONV vs. CBSE
VONV (Vanguard Russell 1000 Value ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. VONV is passively managed, while CBSE is actively managed. Over the past 5 years, VONV returned 10.30%/yr vs 12.52%/yr for CBSE. A 0.73 correlation means they provide meaningful diversification when combined. VONV charges 0.06%/yr vs 0.85%/yr for CBSE.
Performance
VONV vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, VONV achieves a 14.28% return, which is significantly lower than CBSE's 32.18% return.
VONV
- 1D
- 0.00%
- 1M
- 4.28%
- YTD
- 14.28%
- 6M
- 14.88%
- 1Y
- 28.35%
- 3Y*
- 18.56%
- 5Y*
- 10.30%
- 10Y*
- 11.35%
CBSE
- 1D
- -0.93%
- 1M
- 10.89%
- YTD
- 32.18%
- 6M
- 29.85%
- 1Y
- 51.66%
- 3Y*
- 31.65%
- 5Y*
- 12.52%
- 10Y*
- —
VONV vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VONV Vanguard Russell 1000 Value ETF | 14.28% | 15.81% | 14.28% | 11.40% | -7.65% | 25.28% | 5.52% |
CBSE Clough Select Equity ETF | 32.18% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
Correlation
The correlation between VONV and CBSE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.73 |
The correlation between VONV and CBSE has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
VONV vs. CBSE — Risk / Return Rank
VONV
CBSE
VONV vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Value ETF (VONV) 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.
| VONV | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 3.83 | +0.35 |
| Martin ratioReturn relative to average drawdown | 17.54 | 11.59 | +5.95 |
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
| VONV | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.30 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.52 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.80 | -0.09 |
Drawdowns
VONV vs. CBSE - Drawdown Comparison
The maximum VONV drawdown since its inception was -38.21%, which is greater than CBSE's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for VONV and CBSE.
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Drawdown Indicators
| VONV | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.21% | -36.30% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -13.57% | +6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -29.40% | +13.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.87% | -36.30% | +17.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.93% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -12.31% | +8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 4.47% | -2.85% |
Volatility
VONV vs. CBSE - Volatility Comparison
The current volatility for Vanguard Russell 1000 Value ETF (VONV) is 2.94%, while Clough Select Equity ETF (CBSE) has a volatility of 7.80%. This indicates that VONV 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
| VONV | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 7.80% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 17.58% | -9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 22.55% | -11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 24.06% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 23.79% | -6.55% |
VONV vs. CBSE - Expense Ratio Comparison
VONV has a 0.06% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
VONV vs. CBSE - Dividend Comparison
VONV'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% |
VONV Vanguard Russell 1000 Value ETF | 1.63% | 1.82% | 1.97% | 2.10% | 2.22% | 1.67% | 2.25% | 2.30% | 2.56% | 2.18% | 2.39% | 2.38% |
Frequently Asked Questions
VONV and CBSE have a correlation of 0.68, 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 VONV (2.94%). In terms of maximum drawdown, VONV dropped -38.21% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 12.52% vs 10.30% for VONV. On fees, VONV is cheaper at 0.06% per year. On volatility, VONV has been the lower-risk option at 2.94%. 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 10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONV is cheaper with a 0.06% expense ratio, compared with 0.85% for CBSE.
VONV has the higher dividend yield at 1.63%, compared with 0.26% for CBSE.
They also come from different issuers: Vanguard and Clough. Their fees differ too: 0.06% for VONV and 0.85% for CBSE.
VONV currently has the higher Sharpe Ratio (2.64 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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