CBLS vs EMEM

Comparison between CLOUGH HEDGED EQUITY ETF (CBLS, ETF) and SOPHUS CAPITAL EMERGING MARKET ETF (EMEM, ETF).

5-Year PerformanceCBLS has outperformed EMEM, delivering a return of +4.7% compared to +1.8%

CBLS vs EMEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBLS(ETF)	EMEM(ETF)
Net Assets	$55M	$56M
Expense Ratio	1.89%	0.65%
Max Drawdown	32.78%	28.22%
Sharpe Ratio	0.86	0.76
5Y Beta	0.59	2.15
P/E Ratio	30.89	N/A
Forward P/E	31.11	N/A
PEG Ratio	1.10	N/A

Net Assets

CBLS

$55M

Winner

EMEM

$56M

Expense Ratio

CBLS

1.89%

Winner

EMEM

0.65%

Max Drawdown

CBLS

32.78%

Winner

EMEM

28.22%

Sharpe Ratio

Winner

CBLS

0.86

EMEM

0.76

5Y Beta

Winner

CBLS

0.59

EMEM

2.15

P/E Ratio

CBLS

30.89

EMEM

N/A

Forward P/E

CBLS

31.11

EMEM

N/A

PEG Ratio

CBLS

1.10

EMEM

N/A

CBLS vs EMEM - Holdings Comparison

CBLS and EMEM have 2 common holdings. Overlap is -1.71%

CBLS's top 25 holdings weight is 67.31%. EMEM's top 25 holdings weight is 75.43%.

Rank	CBLS	EMEM
#1	BLACKROCK LIQUIDITY T-FUND INSTL (TSTXX) - 4.48%	n/a (TSM) - 15.91%
#2	n/a (VG) - 3.67%	ISHARES MSCI INDIA ETF (INDA) - 10.83%
#3	OSCAR HEALTH INC CLASS A (OSCR) - 2.95%	SAMSUNG ELECTRONICS CO LTD (n/a) - 10.30%
#4	SLB LTD (SLB) - 2.91%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 6.87%
#5	TRANSOCEAN LTD (RIG) - 2.87%	SK HYNIX INC (n/a) - 4.57%
#6	HALLIBURTON CO (HAL) - 2.83%	TENCENT HOLDINGS LTD ADR (TCEHY) - 3.97%
#7	SELECT WATER SOLUTIONS INC CLASS A (WTTR) - 2.78%	MEDIATEK INC (n/a) - 2.01%
#8	MARVELL TECHNOLOGY INC (MRVL) - 2.75%	LG CNS CO LTD (n/a) - 1.91%
#9	KRYSTAL BIOTECH INC (KRYS) - 2.74%	DELTA ELECTRONICS INC (n/a) - 1.68%
#10	LAM RESEARCH CORP (LRCX) - 2.68%	YAGEO CORP (n/a) - 1.42%
#11	UNITEDHEALTH GROUP INC (UNH) - 2.68%	CHINA MERCHANTS BANK CO LTD CLASS H (n/a) - 1.37%
#12	SERVICE CORP INTERNATIONAL (SCI) - 2.64%	UNITED MICROELECTRONICS CORP (n/a) - 1.37%
#13	KINROSS GOLD CORP (n/a) - 2.53%	PETROLEO BRASILEIRO SA PETROBRAS ADR (PBR) - 1.34%
#14	TRANSMEDICS GROUP INC (TMDX) - 2.50%	ITAU UNIBANCO HOLDING SA ADR (ITUB) - 1.33%
#15	PHILIP MORRIS INTERNATIONAL INC (PM) - 2.49%	ASE TECHNOLOGY HOLDING CO LTD ADR (ASX) - 1.14%
#16	NEWMONT CORP (NEM) - 2.48%	KING YUAN ELECTRONICS CO LTD (n/a) - 1.05%
#17	CORNING INC (GLW) - 2.45%	ALINMA BANK (n/a) - 1.04%
#18	KLA CORP (KLAC) - 2.44%	LOTES CO LTD (n/a) - 0.98%
#19	CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 2.41%	PDD HOLDINGS INC ADR (PDD) - 0.94%
#20	CONSTELLATION ENERGY CORP (CEG) - 2.39%	RIYAD BANK (n/a) - 0.94%
#21	ROLLINS INC (ROL) - 2.38%	n/a (n/a) - 0.93%
#22	AKAMAI TECHNOLOGIES INC (AKAM) - 2.38%	NEW CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.92%
#23	STARBUCKS CORP (SBUX) - 2.31%	CHINA RESOURCES LAND LTD (n/a) - 0.89%
#24	NVIDIA CORP (NVDA) - 2.29%	SHINHAN FINANCIAL GROUP CO LTD ADR (SHG) - 0.88%
#25	SOUTHERN COPPER CORP (SCCO) - 2.28%	PING AN BANK CO LTD CLASS A (n/a) - 0.84%
Total Holdings	83	80

CBLS vs EMEM - Historical Returns

Returns include dividend reinvestment.

Period	CBLS	EMEM
1 month	-0.06%	N/A
3 months	+12.98%	N/A
6 months	+18.49%	N/A
1 year	+16.86%	N/A
5 years(CAGR)	+4.71%	+1.81%
10 years(CAGR)	N/A	+1.31%
Max(CAGR)	+9.29%	+1.31%

CBLS

-0.06%

EMEM

N/A

CBLS

+12.98%

EMEM

N/A

CBLS

+18.49%

EMEM

N/A

CBLS

+16.86%

EMEM

N/A

5Y(CAGR)

Winner

CBLS

+4.71%

EMEM

+1.81%

10Y(CAGR)

CBLS

N/A

EMEM

+1.31%

Max(CAGR)

Winner

CBLS

+9.29%

EMEM

+1.31%

CBLS vs EMEM - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	CBLS	EMEM
2026	+17.41%	+4.30%
2025	+4.95%	N/A
2024	+30.19%	N/A
2023	-2.20%	N/A
2022	-12.33%	N/A
2021	+3.87%	N/A
2020	+14.15%	+0.02%
2019	N/A	+10.90%
2018	N/A	-16.30%
2017	N/A	+5.13%

CBLS vs EMEM Drawdown Comparison

The maximum drawdown for CBLS was -32.78%, occurring on Oct 5, 2023. Recovery took 932 trading sessions.

The maximum drawdown for EMEM was -24.52%, occurring on Dec 24, 2018. Recovery took 512 trading sessions.

The current CBLS drawdown is -4.32%. The current EMEM drawdown is -3.71%.

Rank	CBLS	EMEM
#1	-32.78% Apr 29, 2021 - Jan 14, 2025	-24.52% Jan 26, 2018 - Jun 1, 2026
#2	-15.27% Jan 22, 2025 - Jul 17, 2025	-8.12% Jun 2, 2026 - Jun 10, 2026
#3	-8.46% Jan 22, 2021 - Feb 5, 2021	-2.86% Nov 24, 2017 - Dec 18, 2017
#4	-8.15% Oct 16, 2025 - Jan 13, 2026	-2.03% Nov 9, 2017 - Nov 17, 2017
#5	-7.12% Feb 24, 2026 - Apr 14, 2026	-1.21% Jan 18, 2018 - Jan 24, 2018
#6	-6.17% Mar 15, 2021 - Apr 29, 2021	-0.96% Jan 5, 2018 - Jan 12, 2018
#7	-5.70% Jun 4, 2026 - Jun 10, 2026	-0.47% Dec 18, 2017 - Dec 20, 2017
#8	-5.62% Feb 22, 2021 - Mar 15, 2021	-0.20% Nov 17, 2017 - Nov 21, 2017
#9	-4.62% Jul 31, 2025 - Oct 8, 2025	N/A
#10	-4.43% May 13, 2026 - Jun 2, 2026	N/A
#11	-3.55% Apr 24, 2026 - May 6, 2026	N/A
#12	-2.48% May 6, 2026 - May 11, 2026	N/A
#13	-2.34% Oct 8, 2025 - Oct 15, 2025	N/A
#14	-2.32% Jan 29, 2026 - Feb 9, 2026	N/A
#15	-1.96% Feb 9, 2026 - Feb 23, 2026	N/A

Correlation

Correlation between CBLS and EMEM is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101