Clough Hedged Equity ETFCBLS

ChangebridgeDefined OutcomeHedged Equity#245 of 318 by YTD

$29.08

+0.4% last session

+5.7% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 5, 2026 – Nov 3, 2026CBLSS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	−9.7%	−4.2%	+5.7%	+3.5%	+57.4%	+13.3%	+45.5%
Peer average	+0.2%	−2.0%	−1.7%	+5.8%	+6.0%	+56.0%	+52.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $50M
Expense ratio: 1.89%
Distribution yield: 0.8%
NAV: $29.09
Volume: 9K
Avg. volume 30D: 6K
High today: $29.31
Low today: $29.02
Previous close: $28.96
52-week high: $34.52
52-week low: $27.02
Our risk indicator: 3/5

CBLS in One Breath

CBLS Among Hedged Equity ETFs

YTD

#1SIXHMeridian+17.5%$744M

#2RFLRInnovator+12.5%$95.5M

#3KSPYKraneShares+8.9%$133M

#4PHEQEaton Vance+8.8%$149M

#5JUNZTrueShares+8.4%$29.9M

#6JULZTrueShares+8.3%$38.2M

#7MAYZTrueShares+8.3%$32.9M

#8SEPZTrueShares+8.2%$104M

#20CBLSChangebridge+5.7%$50.0M

End-of-day Nov 4, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in CBLS

$10,000 in CBLS became

$11,328

In the S&P 500 (VOO)

$17,749

Total return, dividends in · Oct 26, 2021 – Nov 3, 2026 · S&P 500 uses VOO

CBLS Returns by Period

Today

YTD

MAX

CBLS

+0.4%

−9.7%

−4.2%

+5.7%

+3.5%

+57.4%

+13.3%

+45.5%

Peer average

+0.2%

−2.0%

−1.7%

+5.8%

+6.0%

+56.0%

+52.4%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 30 Hedged equity ETFs

CBLS’s Defined Outcome Rank

YTD

#245of 318
defined outcome ETFs

Best · SIXH+17.5%

Average+7.4%

CBLS+5.7%

Worst · KBUF−17.8%

Defined Outcome ETFs by YTD return · Nov 4, 2026

CBLS Price and 52-Week Range

From the 52-week high

−15.8%

From the 52-week low

+7.6%

Today $29.02 – $29.31

Previous close $28.96

$29.08 now

52-week low$27.0252-week high$34.52

End-of-day Nov 4, 2026 · box = today’s range, dashed = previous close

CBLS’s Share of Hedged Equity ETFs

Today

0.3%

of the $14.8B in 31 Hedged equity ETFs

CBLS$50.0M0.3%

HELO$4.8B32.7%

BALT$3.2B21.9%

28 others$6.7B45.1%

Hedged equity ETF AUM · Nov 4, 2026

CBLS Fee per $100 vs Peers

Today

$1.89a year
per $100

$189 a year on $10,000

SIXH$0.31

HELO$0.50

FHEQ$0.52

BALT$0.69

SFLR$0.89

CBLS$1.89

Expense ratio · Hedged equity peers · Nov 4, 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


HELO	J.P. MorganRead Desk	0.50%	+5.7%	+4.2%	$4.8B
BALT	InnovatorRead Desk	0.69%	+5.9%	+4.3%	$3.2B
SFLR	InnovatorRead Desk	0.89%	+5.5%	+5.4%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+7.1%	+7.7%	$986M
SIXH	MeridianRead Desk	0.31%	+22.6%	+17.5%	$744M
CBLS	ChangebridgeThis fundRead Desk	1.89%	+3.5%	+5.7%	$50M

Hedged equity peers · Past-year and ytd returns · as of Nov 4, 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

+4.2%

+5.7%

CBLS wins+1.5 pts

Past year

+5.7%

+3.5%

HELO wins+2.2 pts

Fee

0.50%

1.89%

HELO winslower fee

Yield

0.6%

0.8%

CBLS wins+0.3 pts

AUM

$4.8B

$50.0M

HELO96.8× more

2–2level

J.P. Morgan HELO and Changebridge CBLS · year-to-date · as of Nov 4, 2026 · AUM not scored

CBLS vs VOO

CBLS · Clough Hedged Equity

+3.5%

VOO · S&P 500

+11.9%

Gap

8.4 pts

Changebridge CBLS and Vanguard VOO · 1Y total return · as of Nov 4, 2026

CBLS vs Its Peer Average

YTD

CBLSAvsBPeer average

1D+0.4%+0.2%

1M−9.7%−2.0%

3M−4.2%−1.7%

YTD+5.7%+5.8%

1Y+3.5%+6.0%

3Y+57.4%+56.0%

5Y+13.3%+52.4%

2–5Peer average wins

30 Hedged equity peers · each row scaled to its leader

The Details

CBLS

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y19.13%

Deepest drop · 1Y−15.5%

Lowest point · 5Y−28.0%

52-week range

$29.08

$27.02−15.8% from the high$34.52

Changebridge CBLS · past-year price moves · as of Nov 4, 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 4, 2026

CBLS

Payouts by Year

$0.25per share, Dec 2025

Distribution yield0.8%

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$29.09

Premium / discount[…]

Median spread · 30D[…]

Volume today9K

Average volume · 30D6K

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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