Clough Hedged Equity ETFCBLS

ChangebridgeDefined OutcomeHedged Equity#312 of 318 by YTD

$27.46

+1.7% last session

−0.1% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOCBLSS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+1.7%	−13.0%	−10.7%	−0.1%	−1.3%	+48.1%	+6.9%	+37.4%
Peer average	+0.2%	−3.6%	−3.7%	+3.9%	+4.6%	+50.1%	+48.8%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $34M
Expense ratio: 1.89%
Distribution yield: 0.9%
NAV: $26.98
Volume: 5K
Avg. volume 30D: 27K
High today: $27.46
Low today: $27.36
Previous close: $27.01
52-week high: $34.52
52-week low: $27.01
Our risk indicator: 3/5

CBLS in One Breath

CBLS Among Hedged Equity ETFs

YTD

#1SIXHMeridian+14.7%$621M

#2RFLRInnovator+11.3%$94.5M

#3PHEQEaton Vance+7.0%$149M

#4KSPYKraneShares+6.6%$130M

#5JUNZTrueShares+6.4%$29.3M

#6JULZTrueShares+6.3%$37.5M

#7MAYZTrueShares+6.2%$32.3M

#8SEPZTrueShares+6.1%$102M

#26CBLSChangebridge−0.1%$34.3M

End-of-day Nov 7, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in CBLS

$10,000 in CBLS became

$10,693

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

CBLS Returns by Period

Today

YTD

MAX

CBLS

+1.7%

−13.0%

−10.7%

−0.1%

−1.3%

+48.1%

+6.9%

+37.4%

Peer average

+0.2%

−3.6%

−3.7%

+3.9%

+4.6%

+50.1%

+48.8%

—

S&P 500 · VOO

+0.3%

−5.0%

−4.6%

+8.7%

+9.8%

+80.8%

+71.8%

—

End-of-day Nov 7, 2026 · total return, dividends in · peers = 30 Hedged equity ETFs

CBLS’s Defined Outcome Rank

YTD

#312of 318
defined outcome ETFs

Best · SIXH+14.7%

Average+5.9%

CBLS−0.1%

Worst · KBUF−16.9%

Defined Outcome ETFs by YTD return · Nov 7, 2026

CBLS Price and 52-Week Range

From the 52-week high

−20.5%

From the 52-week low

+1.7%

Today $27.36 – $27.46

Previous close $27.01

$27.46 now

52-week low$27.0152-week high$34.52

End-of-day Nov 7, 2026 · box = today’s range, dashed = previous close

CBLS’s Share of Hedged Equity ETFs

Today

0.2%

of the $14.7B in 31 Hedged equity ETFs

CBLS$34.3M0.2%

HELO$4.9B33.4%

BALT$3.3B22.2%

28 others$6.5B44.2%

Hedged equity ETF AUM · Nov 7, 2026

CBLS Fee per $100 vs Peers

Today

$1.89a year
per $100

$189 a year on $10,000

HELO$0.50

FHEQ$0.52

BALT$0.69

HEGD$0.88

SFLR$0.89

CBLS$1.89

Expense ratio · Hedged equity peers · Nov 7, 2026

Inside CBLS

20 holdings

CBLS

Clough Hedged Equity ETF

Today

CBLS reports no holdings we can show: […]

Changebridge CBLS · holdings

How It Compares

CBLS

Clough Hedged Equity ETF’s Peers

Today


HELO	J.P. MorganRead Desk	0.50%	+0.2%	+4.3%	$4.9B
BALT	InnovatorRead Desk	0.69%	+0.2%	+5.5%	$3.3B
SFLR	InnovatorRead Desk	0.89%	+0.3%	+3.7%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+0.1%	+6.1%	$1000M
HEGD	SwanRead Desk	0.88%	+0.3%	+4.2%	$719M
CBLS	ChangebridgeThis fundRead Desk	1.89%	+1.7%	−1.3%	$34M

Hedged equity peers · Today’s and past-year returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

Put CBLS head to head with HELO →

HELO vs CBLS

YTD

HELOJ.P. Morgan · Hedged equityCBLSChangebridge · Hedged equity

Year to date

+2.7%

−0.1%

HELO wins+2.8 pts

Past year

+4.3%

−1.3%

HELO wins+5.6 pts

Fee

0.50%

1.89%

HELO winslower fee

Yield

0.6%

0.9%

CBLS wins+0.3 pts

AUM

$4.9B

$34.3M

HELO143.2× more

3–1HELO wins

J.P. Morgan HELO and Changebridge CBLS · year-to-date · as of Nov 8, 2026 · AUM not scored

CBLS vs VOO

YTD

CBLS · Clough Hedged Equity

−0.1%

VOO · S&P 500

+8.7%

Gap

8.9 pts

Changebridge CBLS and Vanguard VOO · Today total return · as of Nov 8, 2026

CBLS vs Its Peer Average

YTD

CBLSAvsBPeer average

1D+1.7%+0.2%

1M−13.0%−3.6%

3M−10.7%−3.7%

YTD−0.1%+3.9%

1Y−1.3%+4.6%

3Y+48.1%+50.1%

5Y+6.9%+48.8%

1–6Peer average wins

30 Hedged equity peers · each row scaled to its leader

The Details

CBLS

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y19.86%

Deepest drop · 1Y−21.2%

Lowest point · 5Y−27.8%

52-week range

$27.46

$27.01−20.5% from the high$34.52

Changebridge CBLS · past-year price moves · as of Nov 8, 2026

CBLS

Fund Facts

Today

2020launched Nov 13

Tracks[…]

Exchange · CUSIPAMEX · 210322806

StructureETF

Leverage1x

Cost on $10,000$189 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Changebridge CBLS · fund facts · as of Nov 8, 2026

CBLS

Payouts by Year

$0.25per share, Dec 2025

Distribution yield0.9%

PaidOnce a year, in December

Latest ex-date · paidDec 30 · Dec 31, 2025

3 payouts added up$0.53 a share

Changebridge CBLS · distributions by ex-date · 2023–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗SEC reported portfolio · 2025-01-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$26.98

Premium / discount[…]

Median spread · 30D[…]

Volume today5K

Average volume · 30D27K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.89%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$189.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 30, 2025	Dec 31, 2025	$0.25
Dec 24, 2024	Dec 26, 2024	$0.19
Dec 21, 2023	Dec 26, 2023	$0.0900

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