AISP vs. CLSE
AISP (Airship AI Holdings Inc) is a stock, while CLSE (Convergence Long/Short Equity ETF) is Long-Short fund actively managed by Convergence Investment Partners. Over the past 3 years, AISP returned -42.28%/yr vs 29.19%/yr for CLSE. At a 0.15 correlation, their price movements are largely independent.
Performance
AISP vs. CLSE - Performance Comparison
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Returns By Period
In the year-to-date period, AISP achieves a -29.41% return, which is significantly lower than CLSE's 23.64% return.
AISP
- 1D
- -3.77%
- 1M
- -26.88%
- 6M
- -43.33%
- YTD
- -29.41%
- 1Y
- -63.38%
- 3Y*
- -42.28%
- 5Y*
- -26.76%
- 10Y*
- —
CLSE
- 1D
- -0.85%
- 1M
- -1.26%
- 6M
- 21.59%
- YTD
- 23.64%
- 1Y
- 45.61%
- 3Y*
- 29.19%
- 5Y*
- —
- 10Y*
- —
AISP vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AISP Airship AI Holdings Inc | -29.41% | -53.83% | 268.24% | -83.13% | 4.24% |
CLSE Convergence Long/Short Equity ETF | 23.64% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between AISP and CLSE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.15 |
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Return for Risk
AISP vs. CLSE — Risk / Return Rank
AISP
CLSE
AISP vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Airship AI Holdings Inc (AISP) 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.
| AISP | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.10 | ||
| Sortino ratioReturn per unit of downside risk | -5.69 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.57 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 9.45 | -10.35 |
| Martin ratioReturn relative to average drawdown | -1.24 | 33.01 | -34.26 |
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Drawdowns
AISP vs. CLSE - Drawdown Comparison
The maximum AISP drawdown since its inception was -87.56%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for AISP and CLSE.
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Drawdown Indicators
| AISP | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.56% | -16.45% | -71.11% |
Max Drawdown (1Y)Largest decline over 1 year | -70.77% | -4.85% | -65.92% |
Max Drawdown (3Y)Largest decline over 3 years | -87.39% | -16.45% | -70.94% |
Max Drawdown (5Y)Largest decline over 5 years | -87.56% | — | — |
Current DrawdownCurrent decline from peak | -84.86% | -1.92% | -82.94% |
Average DrawdownAverage peak-to-trough decline | -36.06% | -3.54% | -32.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.99% | 1.39% | +49.60% |
Volatility
AISP vs. CLSE - Volatility Comparison
Airship AI Holdings Inc (AISP) has a higher volatility of 16.75% compared to Convergence Long/Short Equity ETF (CLSE) at 3.41%. This indicates that AISP'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
| AISP | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.75% | 3.41% | +13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 57.93% | 10.78% | +47.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.28% | 13.74% | +70.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 128.85% | 13.89% | +114.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.48% | 13.89% | +112.59% |
Dividends
AISP vs. CLSE - Dividend Comparison
AISP 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 |
|---|---|---|---|---|---|
AISP Airship AI Holdings 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
AISP and CLSE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AISP has higher volatility (16.75%) compared to CLSE (3.41%). In terms of maximum drawdown, AISP dropped -87.56% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.34 vs -0.76), 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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