ACIW vs. CLSE
ACIW (ACI Worldwide, Inc.) is a stock, while CLSE (Convergence Long/Short Equity ETF) is Long-Short fund actively managed by Convergence. Over the past 3 years, ACIW returned 35.00%/yr vs 29.42%/yr for CLSE. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
ACIW vs. CLSE - Performance Comparison
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Returns By Period
In the year-to-date period, ACIW achieves a 19.91% return, which is significantly lower than CLSE's 24.37% return.
ACIW
- 1D
- -0.62%
- 1M
- 4.46%
- 6M
- 32.22%
- YTD
- 19.91%
- 1Y
- 40.72%
- 3Y*
- 35.00%
- 5Y*
- 10.82%
- 10Y*
- 11.68%
- ALL TIME*
- 9.84%
CLSE
- 1D
- 0.24%
- 1M
- 2.19%
- 6M
- 20.32%
- YTD
- 24.37%
- 1Y
- 44.25%
- 3Y*
- 29.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.27M | $57.55M | $46.33M | |
| $15.17M | $11.74M | $9.80M |
ACIW vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ACIW ACI Worldwide, Inc. | 19.91% | -7.90% | 69.64% | 33.04% | -30.43% |
CLSE Convergence Long/Short Equity ETF | 24.37% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between ACIW and CLSE is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.30 |
The correlation between ACIW and CLSE shifts across timeframes, from -0.03 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ACIW vs. CLSE — Risk / Return Rank
ACIW
CLSE
ACIW vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ACI Worldwide, Inc. (ACIW) and Convergence Long/Short Equity ETF (CLSE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACIW | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.53 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 8.77 | -7.54 |
| Martin ratioReturn relative to average drawdown | 2.26 | 29.59 | -27.33 |
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Drawdowns
ACIW vs. CLSE - Drawdown Comparison
The maximum ACIW drawdown since its inception was -90.10%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for ACIW and CLSE.
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Drawdown Indicators
| ACIW | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.10% | -16.45% | -73.65% |
Max Drawdown (1Y)Largest decline over 1 year | -28.25% | -4.85% | -23.40% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -16.45% | -18.57% |
Max Drawdown (5Y)Largest decline over 5 years | -44.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.18% | — | — |
Current DrawdownCurrent decline from peak | -4.74% | -1.34% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -33.76% | -3.52% | -30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 1.44% | +13.98% |
Volatility
ACIW vs. CLSE - Volatility Comparison
ACI Worldwide, Inc. (ACIW) has a higher volatility of 10.89% compared to Convergence Long/Short Equity ETF (CLSE) at 3.24%. This indicates that ACIW's price experiences larger fluctuations and is considered to be riskier than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACIW | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.89% | 3.24% | +7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 29.03% | 10.80% | +18.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.98% | 13.79% | +21.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.66% | 13.86% | +21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.76% | 13.86% | +21.90% |
Dividends
ACIW vs. CLSE - Dividend Comparison
ACIW has not paid dividends to shareholders, while CLSE's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ACIW ACI Worldwide, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CLSE Convergence Long/Short Equity ETF | 0.77% | 0.95% | 0.93% | 1.21% | 0.85% |
Frequently Asked Questions
ACIW and CLSE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACIW has higher volatility (10.89%) compared to CLSE (3.24%). In terms of maximum drawdown, ACIW dropped -90.10% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.09 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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