CBSE vs PINK
Clough Select Equity ETF vs Simplify Health Care ETF
Which is better, CBSE or PINK?
Each has led over a different period.
PINK has a lower expense ratio. CBSE led over the full window, PINK over 1Y. CBSE is less concentrated, with 28.2% of the fund in its ten largest positions against 56.1%.
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 | PINK |
|---|---|---|
| Expense Ratio | 0.85% | 0.51%Best |
| AUM | $49M | $313M |
| Dividend Yield | 0.29% | 0.78% |
| Holdings | 82 | 53 |
| Volatility (annualized) | 23.0% | 16.9%Best |
| Max Drawdown | -36.3% | -18.4%Best |
| $10,000 over 3.3 years | $12,560Best | $12,150 |
| Top 10 Weight | 28.2%Best | 56.1% |
| Fund Family | Changebridge Capital | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 12, 2020 | Oct 7, 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 PINK through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Oct 8, 2021 to Jan 17, 2025 (3.3 years).
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 16.9% for PINK. 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 -36.3% for CBSE and -18.4% for PINK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CBSE charges 0.85% per year while PINK charges 0.51%. On a $10,000 position that is $85 vs $51 annually, a gap of $34 per year that compounds over a long holding period. On income, CBSE currently yields 0.29% against 0.78% for PINK.
Holdings Overlap
2.7% of CBSE's money is in holdings PINK also owns. 1.6% of PINK's money is in holdings CBSE also owns.
CBSE and PINK share little of their money.
1 positions in common, counted across the 39 positions we hold weights for in CBSE and 52 in PINK, against full books of 82 and 53.
What only one of them owns
Our book lists 47 positions for PINK that do not appear in our book for CBSE (95.7% of the fund), and 35 for CBSE that do not appear in PINK (89.1%).
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 PINK | Difference |
|---|---|---|---|
| TXG10x Genomics Inc Com Usd 1 Cl A | 2.70% | 1.61% | 1.09% |
You are not choosing between two funds in isolation.
Whichever of CBSE and PINK you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CBSE or PINK?
CBSE has an expense ratio of 0.85% while PINK charges 0.51%. PINK is the cheaper option, by $34 a year on a $10,000 investment.
Which is riskier, CBSE or PINK?
CBSE has been the more volatile fund at 23.0% annualized versus 16.9% for PINK. Worst drawdown: CBSE -36.3% vs PINK -18.4%.
Should I hold both CBSE and PINK?
CBSE and PINK have a monthly-return correlation of 0.64, 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 PINK?
2.7% of CBSE's money is in holdings PINK also owns. 1.6% of PINK's is in holdings CBSE also owns. They hold 1 positions in common, counted across the 39 positions we hold weights for in CBSE and 52 in PINK.
Which pays a higher dividend, CBSE or PINK?
CBSE yields 0.29% while PINK yields 0.78%, so PINK currently pays the higher dividend yield.
Is PINK better than CBSE?
PINK has a lower expense ratio. CBSE led over the full window, PINK over 1Y. CBSE is less concentrated, with 28.2% of the fund in its ten largest positions against 56.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.