VOOV vs. CBSE
VOOV (Vanguard S&P 500 Value ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. VOOV is passively managed, while CBSE is actively managed. Over the past 5 years, VOOV returned 10.64%/yr vs 12.52%/yr for CBSE. A 0.68 correlation means they provide meaningful diversification when combined. VOOV charges 0.07%/yr vs 0.85%/yr for CBSE.
Performance
VOOV vs. CBSE - Performance Comparison
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Returns By Period
In the year-to-date period, VOOV achieves a 7.51% return, which is significantly lower than CBSE's 32.18% return.
VOOV
- 1D
- -0.40%
- 1M
- 2.22%
- YTD
- 7.51%
- 6M
- 7.76%
- 1Y
- 21.33%
- 3Y*
- 15.68%
- 5Y*
- 10.64%
- 10Y*
- 11.82%
CBSE
- 1D
- -0.93%
- 1M
- 10.89%
- YTD
- 32.18%
- 6M
- 29.85%
- 1Y
- 51.66%
- 3Y*
- 31.65%
- 5Y*
- 12.52%
- 10Y*
- —
VOOV vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VOOV Vanguard S&P 500 Value ETF | 7.51% | 13.10% | 12.21% | 22.15% | -5.37% | 24.87% | 4.80% |
CBSE Clough Select Equity ETF | 32.18% | 19.53% | 32.20% | 17.29% | -19.92% | 14.57% | 16.87% |
Correlation
The correlation between VOOV and CBSE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.68 |
The correlation between VOOV and CBSE shifts across timeframes, from 0.58 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VOOV vs. CBSE — Risk / Return Rank
VOOV
CBSE
VOOV vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value ETF (VOOV) 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.
| VOOV | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.83 | -0.41 |
| Martin ratioReturn relative to average drawdown | 13.04 | 11.59 | +1.45 |
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
| VOOV | CBSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.30 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.52 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.80 | -0.05 |
Drawdowns
VOOV vs. CBSE - Drawdown Comparison
The maximum VOOV drawdown since its inception was -37.31%, roughly equal to the maximum CBSE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for VOOV and CBSE.
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Drawdown Indicators
| VOOV | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.31% | -36.30% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -13.57% | +7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -29.40% | +11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.10% | -36.30% | +18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -37.31% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.93% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -12.31% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 4.47% | -2.83% |
Volatility
VOOV vs. CBSE - Volatility Comparison
The current volatility for Vanguard S&P 500 Value ETF (VOOV) is 2.01%, while Clough Select Equity ETF (CBSE) has a volatility of 7.80%. This indicates that VOOV 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
| VOOV | 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 | 7.06% | 17.58% | -10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 22.55% | -12.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 24.06% | -9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 23.79% | -6.84% |
VOOV vs. CBSE - Expense Ratio Comparison
VOOV has a 0.07% expense ratio, which is lower than CBSE's 0.85% expense ratio.
Dividends
VOOV vs. CBSE - Dividend Comparison
VOOV's dividend yield for the trailing twelve months is around 1.68%, 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% |
VOOV Vanguard S&P 500 Value ETF | 1.68% | 1.76% | 2.10% | 1.69% | 2.19% | 1.87% | 2.45% | 2.10% | 2.65% | 2.13% | 2.24% | 2.36% |
Frequently Asked Questions
VOOV and CBSE have a correlation of 0.58, 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 VOOV (2.01%). In terms of maximum drawdown, VOOV dropped -37.31% vs CBSE's -36.30%.
On 5-year performance, CBSE leads with 12.52% vs 10.64% for VOOV. On fees, VOOV is cheaper at 0.07% per year. On volatility, VOOV 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 10.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOOV is cheaper with a 0.07% expense ratio, compared with 0.85% for CBSE.
VOOV has the higher dividend yield at 1.68%, compared with 0.26% for CBSE.
They also come from different issuers: Vanguard and Clough. Their fees differ too: 0.07% for VOOV and 0.85% for CBSE.
CBSE currently has the higher Sharpe Ratio (2.30 vs 2.18), 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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