Compare · 3 funds side by side · dividends reinvested

CBLS, SPYM and SPY

Story of the three · Growth5Y$10,000 five years agoDividends reinvested · all three on one scale$18,126SPYM · best of the three

02 / 04

CBLS, SPYM and SPY, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

State Street SPDR Portfolio S&P 500 ETFLow-Cost Core · S&P 5000.02%1.01%+13.4%+13.5%+24.3%+12.6%−8.9%12.8%$185B1.1

State Street SPDR S&P 500 ETFLow-Cost Core · S&P 5000.09%0.99%+13.3%+13.4%+24.1%+12.6%−8.9%12.9%$798B1.9

Clough Hedged Equity ETFDefined Outcome · Hedged equity1.89%0.88%+2.3%−0.1%+15.1%+2.2%−17.9%19.4%$50M3.0

Rank among the three1st → 3rdFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 4, 2026 · returns include dividends · since: CBLS 2020 · SPYM 2005 · SPY 1993

Head to Head

Swap sides Versus in desk

Head to Head

Clough Hedged Equity ETF · $50M$11,127

CBLS

SPYM

State Street SPDR Portfolio S&P 500 ETF · $185B$18,126

$10,000 five years ago, dividends reinvested · they hold 10.1% in common

CBLSMeasureSPYM

+2.3%Year to dateJan 1 → Nov 4+13.4%

−0.1%1 yearTotal return+13.5%

+15.1%3 years · per year$10,000 became $15,244 · $19,186+24.3%

+2.2%5 years · per year$10,000 became $11,127 · $18,126+12.6%

1.89%Expense ratio$189 · $2 a year on $10k · lower is better0.02%

0.88%Trailing 12-mo yield$88 · $101 a year on $10k1.01%

−17.9%Worst dropSmaller is better−8.9%

19.4%VolatilityLower is calmer12.8%

CBLSSPYM Winner of the row, in its colourEach row: the bigger of the two fills its side

0–8SPYM wins

End-of-day Nov 4, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

CBLS vs SPYM: Top 5 Holdings

Today

CBLS

16.5%in top 5

SPYM

in top 527.3%

CBLSStockSPYM

not top 5NVDA7.7%

not top 5AAPL7.4%

not top 5MSFT5.9%

not top 5AMZN3.8%

3.4%VGnot top 5

3.4%ROLnot top 5

3.4%SNnot top 5

3.2%LNGnot top 5

3.1%UNHnot top 5

not top 5GOOGL2.5%

Held in common10.1%

End-of-day Nov 4, 2026 · share of each fund

CBLS vs SPYM Returns, Every Period

ChangebridgeCBLS

+2.2%

5 years, per year

SPYMSPDR

+12.6%

5 years, per year

CBLSSPYMFaded: behind in that period

0–4SPYM wins

End-of-day Nov 4, 2026 · dividends in · faded = behind in that period

Defined Outcome vs Core: CBLS vs SPYM

YTD

ChangebridgeCBLS

+2.3%

SPYMSPDR

+13.4%

+2.3%Year to date+13.4%

−17.9%Worst drop · 1Y−8.9%

19.4%Volatility · 1Y12.8%

0.9%Yield1.0%

$50.0MAssets$185B

4–0SPYM wins

End-of-day Nov 4, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: CBLS, SPYM, SPY

Today

0.02%lowest, SPYM

FundExpense ratioFee$10k

SPYM0.02%$2

SPY0.09%$9

CBLS1.89%$189

End-of-day Nov 4, 2026 · fee on $10,000 a year

Yields: CBLS, SPYM, SPY

1.01%highest, SPYM

FundTrailing yieldYield$10k

SPYM1.01%$101

SPY0.99%$99

CBLS0.88%$88

End-of-day Nov 4, 2026 · trailing 12-month yield

Income After Fees on $10,000

$99most kept, SPYM

SPYM$101 − $2 = $99

SPY$99 − $9 = $90

CBLS$88 − $189 = −$101

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee

Overlap: CBLS, SPYM, SPY

Today

99.8%most shared, SPYM and SPY

CBLSSPYMSPY

CBLS—10.1%10.1%

SPYM10.1%—99.8%

SPY10.1%99.8%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 3 ETFs

+13.5%SPYM, at 12.8% volatility

SPYMWorst drop−8.9%12.8% vol

SPYWorst drop−8.9%12.9% vol

CBLSWorst drop−17.9%19.4% vol

End-of-day Nov 4, 2026 · up and left is better

Paid More vs Made More

YTD

SPYMSPY

+13.4%Year to date+13.3%

1.0%Yield1.0%

+13.5%Past year+13.4%

0.02%Fee0.09%

3–0SPYM wins

End-of-day Nov 4, 2026

Popular Pairs Near These Three

SCHD vs VIG

YTD

SchwabSCHD

+35.3%

VIGVanguard

+16.4%

+35.3%Year to date+16.4%

2.9%Yield1.4%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 4, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+8.8%

+8.5%Year to date+8.8%

12.2%Yield7.8%

$41.8BAssets$46.0B

1–1level

End-of-day Nov 4, 2026