CBLS vs SPY

ACBLS

BSPY

Measures won0–6SPY wins · of 6 · 5Y

$10,000 · 5Y$17,151IVV · SPY $17,099

Lowest cost0.03%IVV · $3 on $10k

Most income1.14%IVV · $114 on $10k

Smallest drop−8.9%SPY · worst fall in 1Y

Held in common11.1%CBLS and SPY

CBLS

SPY

Clough Hedged Equity ETF · $34MState Street SPDR S&P 500 ETF · $819B

+14.4%3 years · per year$14,970 · $18,174+22.0%

+1.5%5 years · per year$10,753 · $17,099+11.3%

1.89%Expense ratio$189 · $9 on $10k · lower wins0.09%

0.90%12-mo yield$90 · $103 on $10k1.03%

−19.6%Worst dropSmaller wins−8.9%

19.5%VolatilityLower wins13.6%

0–6SPY wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsCBLS · SPY

2.3%MSFT6.2%

2.1%AVGO2.3%

2.1%AMZN3.9%

2.1%LLY1.7%

Held in common11.1%

End-of-day Nov 5, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	−4.4%	+8.4%	+9.7%	+22.1%	+11.4%	−8.9%	$850.0B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$818.5B
3	ACBLS	Clough Hedged Equity ETFRead Desk	1.89%	0.90%	−2.0%	+0.2%	−0.8%	+14.4%	+1.5%	−19.6%	$34M

End-of-day Nov 5, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	−4.4%	+8.4%	+9.7%	+22.1%	+11.4%	−8.9%	$850.0B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$818.5B
3	ACBLS	Clough Hedged Equity ETFRead Desk	1.89%	0.90%	−2.0%	+0.2%	−0.8%	+14.4%	+1.5%	−19.6%	$34M

End-of-day Nov 5, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

CBLS vs SPY

CBLS

Clough Hedged Equity

$10,753

SPY

SPDR S&P 500

$17,099

MeasureCBLSSPY

Fee1.89%0.09%

Cost on $10k a year$189$9

Yield0.90%1.03%

5 years, per year+1.5%+11.3%

3 years, per year+14.4%+22.0%

Worst drop · 1Y−19.6%−8.9%

Volatility · 1Y19.5%13.6%

6–0measures won
SPY first

11.1%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.4%

SPYSPDR

+8.3%

+8.4%Year to date+8.3%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 5, 2026

VOO vs IVV

YTD

VanguardVOO

+8.4%

IVViShares

+8.4%

+8.4%Year to date+8.4%

1.1%Yield1.1%

$1.00TAssets$850B

0–0level

End-of-day Nov 5, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

Overlap: CBLS, SPY, IVV

Today

99.9%most shared, SPY and IVV

CBLSSPYIVV

CBLS—11.1%11.1%

SPY11.1%—99.9%

IVV11.1%99.9%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$111most kept, IVV

IVV$114 − $3 = $111

SPY$103 − $9 = $94

CBLS$90 − $189 = −$99

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee