ProShares Long Online/Short Stores ETF (CLIX) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CLIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CLIX
CLIX charges 0.65% annually. There are 4 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 1.61B | May 2026 | CLIX vs BFLX | |
| Aptus International Enhanced Yield ETF | 0.45% | 490.37M | Jul 2021 | CLIX vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | 515.52M | Jul 2009 | CLIX vs CSM | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | CLIX vs ATTR | |
| WisdomTree Inflation Plus Fund | 0.65% | 21.42M | Jun 2025 | CLIX vs WTIP |
Best Risk-Adjusted Alternatives to CLIX
CLIX has a PortfoliosLab risk / return rank of 18. There are 17 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | CLIX vs CLSE | |
| Franklin Liberty Systematic Style Premia ETF | 88 | 1.04B | Dec 2019 | CLIX vs FLSP | |
| NYLI Hedge Multi-Strategy Tracker ETF | 83 | 1.02B | Mar 2009 | CLIX vs QAI | |
| ProShares Hedge Replication | 80 | 22.00M | Jul 2011 | CLIX vs HDG | |
| Aptus International Enhanced Yield ETF | 78 | 490.37M | Jul 2021 | CLIX vs IDUB |
Top Performing CLIX Alternatives (YTD)
CLIX is at -0.57% YTD. There are 22 ETFs in the Long-Short category with higher YTD returns, going as high as 24.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 24.37% | 447.61M | Dec 2009 | CLIX vs CLSE | |
| Harbor Long-Short Equity ETF | 23.37% | 15.30M | Dec 2023 | CLIX vs LSEQ | |
| Aptus International Enhanced Yield ETF | 15.21% | 490.37M | Jul 2021 | CLIX vs IDUB | |
| Efficient Market Portfolio Plus ETF | 14.62% | — | Dec 2024 | CLIX vs EMPB | |
| Militia Long/Short Equity ETF | 13.55% | 138.61M | Jan 2025 | CLIX vs ORR |
Lowest Volatility Alternatives to CLIX
CLIX has 22.42% 1-year volatility. There are 25 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.30% | — | Oct 2025 | CLIX vs ATTR | |
| ProShares Hedge Replication | 6.41% | 22.00M | Jul 2011 | CLIX vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.65% | 106.80M | Sep 2025 | CLIX vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.85% | 1.02B | Mar 2009 | CLIX vs QAI | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | CLIX vs EVNT |
Lowest Drawdown Alternatives to CLIX
CLIX has a 1-year max drawdown of -19.57%. There are 19 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | CLIX vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 1.02B | Mar 2009 | CLIX vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.49B | Sep 2014 | CLIX vs FTLS | |
| ProShares Hedge Replication | -3.97% | 22.00M | Jul 2011 | CLIX vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | -4.03% | 1.04B | Dec 2019 | CLIX vs FLSP |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 36 | 23.06% | 32.83B | Feb 2010 | CLIX vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | CLIX vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | CLIX vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | CLIX vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 16.14% | 7.81B | Jun 2006 | CLIX vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | CLIX vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | CLIX vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | CLIX vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | CLIX vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | CLIX vs UVXY |
Often Compared With CLIX
Investors most often compare CLIX with GREK, FXG, ROBT. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare CLIX with Any Fund or Stock
Compare CLIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CLIX with funds that move differently
ProShares Long Online/Short Stores ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CLIX.
Explore CLIX Diversifiers