CVARvsBUSAETF Comparison
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Cultivar ETF (CVAR) belongs to the US Multi-Factor segment. Brandes U.S. Value ETF (BUSA) is part of the US Large Cap Value segment. CVAR's top 3 sector exposures are Healthcare, Technology and Consumer Non-Cyclicals. In contrast, BUSA's top sector exposures are Finance, Healthcare and Industrials. CVAR is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.6% for BUSA. CVAR is up 10.82% year-to-date (YTD) with +$5M in YTD flows. BUSA performs better with 13.95% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of CVAR and BUSA 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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CVAR vs BUSA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVAR BUSA | +1.72%+0.89% | +6.16%+1.86% | +10.82%+13.95% | +13.18%+21.82% | +47.09%+67.03% | n/an/a |
| Flows | CVAR BUSA | -$43K+$800K | +$2M+$9M | +$5M+$5M | +$6M+$21M | +$8M+$235M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVAR BUSA | +11.20%+11.05% | +11.77%+11.73% | +13.64%+13.33% | n/an/a |
| Max drawdown | CVAR BUSA | -6.30%-7.68% | -8.62%-7.68% | -13.73%-14.03% | n/an/a |
| Max drawdown duration | CVAR BUSA | 50d43d | 155d43d | 217d214d | n/an/a |
Trading data
CVAR | BUSA | |
Last sale 10/16/2026 at 1:30 PM | $31.38 | $41.15 |
| Previous close 10/16/2026 | $31.39 | $41.01 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CVAR | BUSA | |
|---|---|---|
| Last price | $31.38 | $41.15 |
| 1D performance | -0.03% | +0.34% |
| AuM | $46.29 M | $320.77 M |
| E/R | 0.87% | 0.6% |
Characteristics
CVAR | BUSA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Cultivar Capital | Brandes |
| Benchmark | - | - |
| N° of holdings | 89 | 64 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 21, 2021 | October 3, 2023 |
| ESG | No | No |
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Exposure
Countries
CVAR
USA
81.37%
Other
18.63%
BUSA
USA
90.82%
Other
9.18%
Sectors
CVAR
Healthcare
19.07%
Technology
16.07%
Consumer Non-Cycl.
14.16%
Finance
13.08%
Other
37.62%
BUSA
Finance
25.54%
Healthcare
23.77%
Industrials
10.97%
Technology
8.74%
Other
30.98%
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Diversification
CVAR
Total weight of top 15 holdings out of 15
32.96%
BUSA
Total weight of top 15 holdings out of 15
34.38%
Top 15 holdings
Data as of August 31, 2026
CVAR
MarketAxess Holdings, Inc.
4.04%
USA, Bonds 2.875% 15may2052, USD
3.20%
USA, Bonds 4.625% 15may2054, USD
2.35%
Healthcare Services Group, Inc.
2.34%
Core Laboratories, Inc.
2.25%
Paycom Software, Inc.
2.21%
Kimberly-Clark Corp.
2.15%
Veeva Systems, Inc.
2.06%
Alexandria Real Estate Equities, Inc.
2.01%
Illumina, Inc.
1.84%
Intuit, Inc.
1.80%
Dollar General Corp.
1.73%
Humana, Inc.
1.71%
Lamb Weston Holdings, Inc.
1.69%
Dassault Systèmes SE
1.57%
BUSA
Becton, Dickinson & Co.
2.94%
Merck & Co., Inc.
2.90%
Bank of America Corp.
2.66%
The Cigna Group
2.46%
Textron, Inc.
2.44%
SS&C Technologies Holdings, Inc.
2.34%
Pfizer Inc.
2.14%
Equifax, Inc.
2.11%
Intercontinental Exchange, Inc.
2.11%
The PNC Financial Services Group, Inc.
2.09%
JPMorgan US Treasury Plus Money Market Fund
2.09%
SLB Ltd.
2.05%
Chevron Corp.
2.04%
Sanofi
2.01%
Omnicom Group, Inc.
2.00%
Frequently asked questions about CVAR and BUSA
How have the CVAR and BUSA ETFs performed in 2026?
As of October 16, 2026, CVAR is up 10.82% year-to-date (YTD), while BUSA has returned 13.95%. That puts BUSA better performer ahead so far this year.
Which ETF is attracting more investor money: CVAR or BUSA?
Year-to-date, the CVAR ETF saw +$5M in flows, compared to +$5M for BUSA.
Which ETF is more volatile: CVAR or BUSA?
Over the past year, CVAR had a volatility of 11.77%, while BUSA experienced 11.73%.
Which ETF is bigger: CVAR or BUSA?
As of October 16, 2026, CVAR holds $46.29 M in assets under management (AUM), while BUSA manages $320.77 M.
What sectors do the CVAR and BUSA ETFs invest in?
CVAR leans toward sectors like Healthcare, Technology and Consumer Non-Cyclicals. Meanwhile, BUSA focuses on Finance, Healthcare and Industrials.
What are the top holdings of the CVAR ETF and BUSA ETF?
CVAR top holdings include MarketAxess Holdings, Inc., USA, Bonds 2.875% 15may2052, USD and USA, Bonds 4.625% 15may2054, USD. BUSA holds in its top three: Becton, Dickinson & Co., Merck & Co., Inc. and Bank of America Corp..
Which ETF is more diversified: CVAR or BUSA?
CVAR holds 89 securities with 32.96% of its assets in the top 15. BUSA has 64 securities and a top 15 weight of 34.38%.
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