CBLSvsHYLSETF Comparison
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Clough Hedged Equity ETF (CBLS) and First Trust Tactical High Yield ETF (HYLS) belong to the same industry segment: Alternatives. CBLS's top 3 sector exposures are Information Technology, Energy and Utilities. In contrast, HYLS's top sector exposures are Insurance and reinsurance, It services and computer programming and Media. CBLS is more expensive with a Total Expense Ratio (TER) of 1.89%, versus 0.69% for HYLS. CBLS is up 19.45% year-to-date (YTD) with +$6M in YTD flows. HYLS performs worse with 2.26% YTD performance, and -$80M in YTD flows. Run a side-by-side ETF comparison of CBLS and HYLS 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 HYLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CBLS HYLS | +2.20%+1.48% | +11.24%+2.83% | +19.45%+2.26% | +16.95%+6.36% | +70.68%+20.00% | +28.21%+10.33% |
| Flows | CBLS HYLS | +$2M+$8M | +$4M-$128M | +$6M-$80M | +$7M-$224K | +$38M+$70M | +$37M-$344M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CBLS HYLS | +22.91%+3.90% | +16.27%+2.81% | +14.81%+3.77% | +15.94%+5.17% |
| Max drawdown | CBLS HYLS | -5.63%-1.25% | -8.08%-2.22% | -14.82%-3.70% | -31.24%-16.13% |
| Max drawdown duration | CBLS HYLS | 13d15d | 88d84d | 154d60d | 1150d1066d |
Trading data
CBLS | HYLS | |
Last sale 6/18/2026 at 1:30 PM | $33.45 | $40.88 |
| Previous close 06/17/2026 | $32.87 | $40.82 |
| Consolidated volume 06/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
CBLS | HYLS | |
|---|---|---|
| Last price | $33.45 | $40.88 |
| 1D performance | +1.77% | +0.15% |
| AuM | $57.81 M | $1.65 B |
| E/R | 1.89% | 0.69% |
Characteristics
CBLS | HYLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Clough Capital | First Trust |
| Benchmark | - | - |
| N° of holdings | 53 | 160 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 13, 2020 | February 25, 2013 |
| ESG | No | No |
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Exposure
Countries
CBLS
USA
54.98%
Other
45.02%
HYLS
USA
77.54%
Other
22.46%
Sectors
CBLS
Information Techn.
40.41%
Energy
12.94%
Utilities
8.55%
Industrials
8.11%
Other
29.98%
HYLS
Insurance and rei.
7.19%
Other
92.81%
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Diversification
CBLS
Total weight of top 15 holdings out of 15
69.21%
HYLS
Total weight of top 15 holdings out of 15
16.67%
Top 15 holdings
Data as of April 30, 2026
CBLS
SERVICE
5.01%
MONOLITHIC POWER SYSTEMS
4.89%
SITIME CORP
4.89%
KLA CORPORATION
4.84%
SCHLUMBERGER
4.82%
BROADCOM LIMITED
4.69%
HALLIBURTON
4.65%
US5128073062
4.62%
LUMENTUM HOLDINGS
4.56%
OSCAR HEALTH
4.55%
CONSTELLATION ENERGY CORP
4.43%
AMPHENOL
4.38%
UNITEDHEALTH GRP
4.37%
MICRON TECHNOLOGY
4.27%
ROLLINS
4.24%
HYLS
1011778 B.C., 4% 15oct2030, USD
1.48%
Baldwin Insurance Group LLC, 7.125% 15may2031, USD
1.35%
United Rentals (North America), 6% 15dec2029, USD
1.28%
US74825NAA54
1.20%
DISH Network, 11.75% 15nov2027, USD
1.08%
Quikrete Holdings, 6.75% 1mar2033, USD
1.08%
Alliant Holdings Intermediate, 6.75% 15apr2028, USD
1.08%
US303250AG98
1.07%
Athenahealth, 6.5% 15feb2030, USD
1.04%
Cloud Software Group, 9% 30sep2029, USD
1.03%
Viking Ocean Cruises Ship VII, 5.625% 15feb2029, USD
1.03%
US12008RAT41
1.02%
EchoStar, 10.75% 30nov2029, USD
1.01%
ARDONAGH FINCO LIMITED, 7.75% 15feb2031, USD
0.98%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.94%
Frequently asked questions about CBLS and HYLS
How have the CBLS and HYLS ETFs performed in 2026?
As of June 17, 2026, CBLS is up 19.45% year-to-date (YTD), while HYLS has returned 2.26%. That puts CBLS better performer ahead so far this year.
Which ETF is attracting more investor money: CBLS or HYLS?
Year-to-date, the CBLS ETF saw +$6M in flows, compared to -$80M for HYLS.
Which ETF is more volatile: CBLS or HYLS?
Over the past year, CBLS had a volatility of 16.27%, while HYLS experienced 2.81%.
Which ETF is bigger: CBLS or HYLS?
As of June 17, 2026, CBLS holds $57.81 M in assets under management (AUM), while HYLS manages $1.65 B.
What sectors do the CBLS and HYLS ETFs invest in?
CBLS leans toward sectors like Information Technology, Energy and Utilities. Meanwhile, HYLS focuses on Insurance and reinsurance.
What are the top holdings of the CBLS ETF and HYLS ETF?
CBLS top holdings include SERVICE, MONOLITHIC POWER SYSTEMS and SITIME CORP. HYLS holds in its top three: 1011778 B.C., 4% 15oct2030, USD, Baldwin Insurance Group LLC, 7.125% 15may2031, USD and United Rentals (North America), 6% 15dec2029, USD.
Which ETF is more diversified: CBLS or HYLS?
CBLS holds 54 securities with 69.21% of its assets in the top 15. HYLS has 242 securities and a top 15 weight of 16.67%.
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Latest news about CBLS & HYLS
Ask the Manager: Vince Lorusso on Active Equity in an AI-Driven Market
April 23, 2026
CBLS
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