ADME vs. CLSE
Compare and contrast key facts about Aptus Drawdown Managed Equity ETF (ADME) and Convergence Long/Short Equity ETF (CLSE).
ADME and CLSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADME is a passively managed fund by Aptus Capital Advisors that tracks the performance of the Aptus Behavioral Momentum Index. It was launched on Jun 8, 2016. CLSE is an actively managed fund by Convergence Investment Partners. It was launched on Feb 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADME or CLSE.
Key characteristics
| ADME | CLSE | |
|---|---|---|
| YTD Return | 10.26% | 22.90% |
| 1Y Return | 23.49% | 41.12% |
| Sharpe Ratio | 2.25 | 3.66 |
| Daily Std Dev | 10.11% | 11.33% |
| Max Drawdown | -27.49% | -14.28% |
| Current Drawdown | -0.97% | 0.00% |
Correlation
The correlation between ADME and CLSE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ADME vs. CLSE - Performance Comparison
In the year-to-date period, ADME achieves a 10.26% return, which is significantly lower than CLSE's 22.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ADME vs. CLSE - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is lower than CLSE's 1.56% expense ratio.
Risk-Adjusted Performance
ADME vs. CLSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) 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.
Dividends
ADME vs. CLSE - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.72%, less than CLSE's 0.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.72% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% |
CLSE Convergence Long/Short Equity ETF | 0.98% | 1.21% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ADME vs. CLSE - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, which is greater than CLSE's maximum drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for ADME and CLSE. For additional features, visit the drawdowns tool.
Volatility
ADME vs. CLSE - Volatility Comparison
The current volatility for Aptus Drawdown Managed Equity ETF (ADME) is 3.14%, while Convergence Long/Short Equity ETF (CLSE) has a volatility of 3.94%. This indicates that ADME experiences smaller price fluctuations and is considered to be less risky than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.