CBLSvsFADETF Comparison
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Clough Hedged Equity ETF (CBLS) belongs to the Alternatives segment. First Trust Multi Cap Growth AlphaDEX Fund ETF (FAD) is part of the US Multi-Factor segment. CBLS's top 3 sector exposures are Technology, Healthcare and Consumer Non-Cyclicals. In contrast, FAD's top sector exposures are Technology, Industrials and Healthcare. CBLS is more expensive with a Total Expense Ratio (TER) of 1.89%, versus 0.63% for FAD. CBLS is up 10.24% year-to-date (YTD) with +$8M in YTD flows. FAD performs better with 13.2% YTD performance, and +$145M in YTD flows. Run a side-by-side ETF comparison of CBLS and FAD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CBLS vs FAD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CBLS FAD | -10.23%-7.14% | -1.43%+5.43% | +10.24%+13.20% | +6.49%+21.40% | +57.74%+70.66% | +21.37%+56.14% |
| Flows | CBLS FAD | +$2M+$38M | +$5M+$94M | +$8M+$145M | +$10M+$192M | +$41M+$240M | +$40M+$224M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CBLS FAD | +23.03%+23.39% | +17.35%+20.28% | +15.14%+19.84% | +16.04%+21.34% |
| Max drawdown | CBLS FAD | -11.53%-8.47% | -11.53%-10.70% | -14.82%-23.51% | -31.24%-31.99% |
| Max drawdown duration | CBLS FAD | 54d28d | 54d81d | 154d230d | 1150d967d |
Trading data
CBLS | FAD | |
Last sale 7/29/2026 at 2:18 PM | $30.10 | $179.78 |
| Previous close 07/28/2026 | $30.32 | $183.22 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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CBLS
is actively managed and doesn’t replicate an indexCBLS | FAD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 2:18 PM
Live
Closed
CBLS | FAD | |
|---|---|---|
| Last price | $30.10 | $179.78 |
| 1D performance | -0.73% | -1.88% |
| AuM | $55.77 M | $567.42 M |
| E/R | 1.89% | 0.63% |
Characteristics
CBLS | FAD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Clough Capital | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Multi Cap Growth Index |
| N° of holdings | 37 | 666 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 13, 2020 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
CBLS
USA
81.34%
Other
18.66%
FAD
USA
97.42%
Other
2.58%
Sectors
CBLS
Technology
19.7%
Healthcare
13.76%
Consumer Non-Cycl.
12.54%
Consumer Services
10.45%
Energy
8.47%
Industrials
7.57%
Other
27.52%
FAD
Technology
24.86%
Industrials
22.02%
Healthcare
15.92%
Finance
12.64%
Other
24.56%
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Diversification
CBLS
Total weight of top 15 holdings out of 15
43.58%
FAD
Total weight of top 15 holdings out of 15
10.99%
Top 15 holdings
Data as of June 30, 2026
CBLS
Tenable Holdings, Inc.
3.35%
10X Genomics, Inc.
3.21%
Solaris Energy Infrastructure, Inc.
3.09%
ImmunityBio, Inc.
2.95%
Service Corp. International
2.95%
Krystal Biotech, Inc.
2.94%
ASML Holding NV
2.94%
BlackRock Liquidity T-Fund
2.91%
Starbucks Corp.
2.91%
Astera Labs, Inc.
2.90%
Select Water Solutions, Inc.
2.76%
Garrett Motion, Inc.
2.68%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.68%
Pool Corp.
2.68%
Nebius Group NV
2.65%
FAD
Sandisk Corp.
1.16%
Micron Technology, Inc.
1.11%
Dell Technologies, Inc.
0.94%
Seagate Technology Holdings Plc
0.85%
Marvell Technology, Inc.
0.80%
Western Digital Corp.
0.80%
Advanced Micro Devices, Inc.
0.77%
MKS, Inc.
0.65%
Bloom Energy Corp.
0.62%
Corning, Inc.
0.59%
MACOM Technology Solutions Holdings, Inc.
0.57%
Applied Materials, Inc.
0.55%
MaxLinear, Inc.
0.53%
Lam Research Corp.
0.53%
Teradyne, Inc.
0.52%
Frequently asked questions about CBLS and FAD
How have the CBLS and FAD ETFs performed in 2026?
As of July 28, 2026, CBLS is up 10.24% year-to-date (YTD), while FAD has returned 13.2%. That puts FAD better performer ahead so far this year.
Which ETF is attracting more investor money: CBLS or FAD?
Year-to-date, the CBLS ETF saw +$8M in flows, compared to +$145M for FAD.
Which ETF is more volatile: CBLS or FAD?
Over the past year, CBLS had a volatility of 17.35%, while FAD experienced 20.28%.
Which ETF is bigger: CBLS or FAD?
As of July 28, 2026, CBLS holds $55.77 M in assets under management (AUM), while FAD manages $567.42 M.
What sectors do the CBLS and FAD ETFs invest in?
CBLS leans toward sectors like Technology, Healthcare and Consumer Non-Cyclicals. Meanwhile, FAD focuses on Technology, Industrials and Healthcare.
What are the top holdings of the CBLS ETF and FAD ETF?
CBLS top holdings include Tenable Holdings, Inc., 10X Genomics, Inc. and Solaris Energy Infrastructure, Inc.. FAD holds in its top three: Sandisk Corp., Micron Technology, Inc. and Dell Technologies, Inc..
Which ETF is more diversified: CBLS or FAD?
CBLS holds 38 securities with 43.58% of its assets in the top 15. FAD has 666 securities and a top 15 weight of 10.99%.
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Latest news about CBLS & FAD
Ask the Manager: Vince Lorusso on Active Equity in an AI-Driven Market
April 23, 2026
CBLS
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