CBSE vs SRHQ
Clough Select Equity ETF vs SRH US Quality GARP ETF
Which is better, CBSE or SRHQ?
Each has led over a different period.
SRHQ has a lower expense ratio. CBSE led over the full window, SRHQ over 1Y. SRHQ is less concentrated, with 20.0% of the fund in its ten largest positions against 28.2%.
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 | SRHQ |
|---|---|---|
| Expense Ratio | 0.85% | 0.35%Best |
| AUM | $49M | $214M |
| Dividend Yield | 0.29% | 0.74% |
| Holdings | 82 | 164 |
| Volatility (annualized) | 20.3% | 15.1%Best |
| Max Drawdown | -14.9% | -10.6%Best |
| $10,000 over 2.3 years | $16,098Best | $15,280 |
| Top 10 Weight | 28.2% | 20.0%Best |
| Fund Family | Changebridge Capital | SRH Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 12, 2020 | Oct 4, 2022 |
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 SRHQ through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Oct 5, 2022 to Jan 17, 2025 (2.3 years).
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 20.3% compared with 15.1% for SRHQ. 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 -14.9% for CBSE and -10.6% for SRHQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBSE charges 0.85% per year while SRHQ charges 0.35%. On a $10,000 position that is $85 vs $35 annually, a gap of $50 per year that compounds over a long holding period. On income, CBSE currently yields 0.29% against 0.74% for SRHQ.
Holdings Overlap
We hold position weights for 39 holdings in CBSE and 81 in SRHQ, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 39 positions we hold weights for in CBSE and 81 in SRHQ, against full books of 82 and 164.
What only one of them owns
Our book lists 81 positions for SRHQ that do not appear in our book for CBSE (100.0% of the fund), and 36 for CBSE that do not appear in SRHQ (91.8%).
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.
You are not choosing between two funds in isolation.
Whichever of CBSE and SRHQ 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 SRHQ?
CBSE has an expense ratio of 0.85% while SRHQ charges 0.35%. SRHQ is the cheaper option, by $50 a year on a $10,000 investment.
Which is riskier, CBSE or SRHQ?
CBSE has been the more volatile fund at 20.3% annualized versus 15.1% for SRHQ. Worst drawdown: CBSE -14.9% vs SRHQ -10.6%.
Should I hold both CBSE and SRHQ?
CBSE and SRHQ have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CBSE or SRHQ?
CBSE yields 0.29% while SRHQ yields 0.74%, so SRHQ currently pays the higher dividend yield.
Is SRHQ better than CBSE?
SRHQ has a lower expense ratio. CBSE led over the full window, SRHQ over 1Y. SRHQ is less concentrated, with 20.0% of the fund in its ten largest positions against 28.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.