# CBLS (Clough Hedged Equity ETF)

Clough · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, CBLS fell 15% as much as the index.

## Key facts

- CBLS, correlation with the S&P 500: +0.36, as of Sep 18, 2026.
- CBLS, beta to the S&P 500: +0.40, as of Sep 18, 2026.
- CBLS, down-week capture: 14.5%, as of Sep 18, 2026.
- CBLS, against T-bills, 52 weeks: +5.7 pts, as of Sep 18, 2026.
- CBLS, net assets: $53m (SEC N-PORT, whole fund, as filed for Apr 30, 2026).
- CBLS, expense ratio: 1.89% (485BPOS XBRL, Feb 27, 2026).

## CBLS over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | −7.1% | +2.3% | −9.3 pts |
| 6 months | +7.6% | +18.0% | −10.4 pts |
| 1 year | +9.9% | +16.6% | −6.7 pts |
| 3 years | +64.1% | +78.4% | −14.3 pts |
| Since it listed | +55.5% | +130.7% | −75.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | Clough | ETFIQ |
| Strategy | Long-short equity | ETFIQ, from its prospectus |
| Expense ratio | 1.89% | 485BPOS XBRL, Feb 27, 2026 |
| Net assets | $53m | SEC N-PORT, whole fund, as filed for Apr 30, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| CBLS in those weeks, on average | −0.18% | ETFIQ |
| CBLS total return over those weeks | +9.3% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Nov 13, 2020 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does CBLS move with the S&P 500?

Over the year to Sep 18, 2026, CBLS’s weekly returns had a correlation of +0.36 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.40, so for each 1% the index moved it moved about 0.40% the same way.

### What did CBLS do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks CBLS fell 0.18% on average, a down-week capture of 14.5%.

### Did CBLS earn more than cash?

Over the same 52 weeks CBLS returned +9.3% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. CBLS finished 5.7 percentage points ahead of it.

### What does CBLS cost?

The prospectus expense ratio is 1.89% a year.

### Why is CBLS listed as long-short equity?

ETFIQ files each fund by what its own prospectus says it does, and CBLS’s, filed Feb 27, 2026, describes a long-short equity fund.


## Cite this page

ETFIQ, CBLS, data as of Sep 18, 2026. https://etfiq.com/funds/cbls
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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