CBSE vs DARP
Clough Select Equity ETF vs Grizzle Growth ETF
Which is better, CBSE or DARP?
Each has led over a different period.
DARP has a lower expense ratio. CBSE led over the full window, DARP over 1Y. CBSE is less concentrated, with 28.2% of the fund in its ten largest positions against 57.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CBSE | DARP |
|---|---|---|
| Expense Ratio | 0.85% | 0.75%Best |
| AUM | $49M | $44M |
| Dividend Yield | 0.29% | 0.34% |
| Holdings | 82 | 88 |
| Volatility (annualized) | 21.9% | 17.2%Best |
| Max Drawdown | -13.3%Best | -18.5% |
| $10,000 over 1.4 years | $15,569Best | $13,882 |
| Top 10 Weight | 28.2%Best | 57.0% |
| Fund Family | Changebridge Capital | Grizzle Investment Management LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 12, 2020 | Dec 17, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 635 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CBSE has data through Jan 17, 2025 and DARP through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Aug 28, 2023 to Jan 17, 2025 (1.4 years).
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 17.2% for DARP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.3% for CBSE and -18.5% for DARP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBSE charges 0.85% per year while DARP charges 0.75%. On a $10,000 position that is $85 vs $75 annually, a gap of $10 per year that compounds over a long holding period. On income, CBSE currently yields 0.29% against 0.34% for DARP.
Holdings Overlap
18.5% of CBSE's money is in holdings DARP also owns. 24.8% of DARP's money is in holdings CBSE also owns.
DARP and CBSE share little of their money.
7 positions in common, counted across the 39 positions we hold weights for in CBSE and 44 in DARP, against full books of 82 and 88.
What only one of them owns
Our book lists 29 positions for DARP that do not appear in our book for CBSE (69.7% of the fund), and 31 for CBSE that do not appear in DARP (78.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CBSE | Weight in DARP | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.44% | 8.92% | 6.48% |
| COHRCoherent, Inc | 2.84% | 4.51% | 1.67% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 2.77% | 3.14% | 0.37% |
| VGVenture Global Inc | 2.53% | 2.46% | 0.07% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 2.78% | 2.18% | 0.60% |
| PANWPalo Alto Networks, Inc | 2.67% | 2.04% | 0.63% |
| LNGCheniere Energy Inc. | 2.44% | 1.50% | 0.94% |
24.8% of DARP is already inside CBSE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CBSE or DARP?
CBSE has an expense ratio of 0.85% while DARP charges 0.75%. DARP is the cheaper option, by $10 a year on a $10,000 investment.
Which is riskier, CBSE or DARP?
CBSE has been the more volatile fund at 21.9% annualized versus 17.2% for DARP. Worst drawdown: CBSE -13.3% vs DARP -18.5%.
Should I hold both CBSE and DARP?
CBSE and DARP have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CBSE and DARP?
24.8% of DARP's money is in holdings CBSE also owns. 24.8% of DARP's is in holdings CBSE also owns. They hold 7 positions in common, counted across the 39 positions we hold weights for in CBSE and 44 in DARP.
Which pays a higher dividend, CBSE or DARP?
CBSE yields 0.29% while DARP yields 0.34%, so DARP currently pays the higher dividend yield.
Is DARP better than CBSE?
DARP has a lower expense ratio. CBSE led over the full window, DARP over 1Y. CBSE is less concentrated, with 28.2% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.