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 -37.00%/yr vs 31.29%/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 -3.11% return, which is significantly lower than CLSE's 24.77% return.
AISP
- 1D
- -2.10%
- 1M
- 9.38%
- YTD
- -3.11%
- 6M
- -4.44%
- 1Y
- -46.36%
- 3Y*
- -37.00%
- 5Y*
- -21.92%
- 10Y*
- —
CLSE
- 1D
- -1.02%
- 1M
- 3.46%
- YTD
- 24.77%
- 6M
- 23.28%
- 1Y
- 48.27%
- 3Y*
- 31.29%
- 5Y*
- —
- 10Y*
- —
AISP vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AISP Airship AI Holdings Inc | -3.11% | -53.83% | 268.24% | -83.13% | 4.24% |
CLSE Convergence Long/Short Equity ETF | 24.77% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between AISP and CLSE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
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 | -4.12 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.62 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 10.00 | -10.66 |
| Martin ratioReturn relative to average drawdown | -0.96 | 36.36 | -37.32 |
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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 | -70.34% | -4.85% | -65.49% |
Max Drawdown (3Y)Largest decline over 3 years | -87.50% | -16.45% | -71.05% |
Max Drawdown (5Y)Largest decline over 5 years | -87.56% | — | — |
Current DrawdownCurrent decline from peak | -79.21% | -1.02% | -78.19% |
Average DrawdownAverage peak-to-trough decline | -35.48% | -3.56% | -31.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.30% | 1.33% | +46.97% |
Volatility
AISP vs. CLSE - Volatility Comparison
Airship AI Holdings Inc (AISP) has a higher volatility of 26.51% compared to Convergence Long/Short Equity ETF (CLSE) at 4.22%. 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 | 26.51% | 4.22% | +22.29% |
Volatility (6M)Calculated over the trailing 6-month period | 58.03% | 10.55% | +47.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.21% | 13.65% | +70.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 128.63% | 13.92% | +114.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.04% | 13.92% | +113.12% |
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 0.76%.
| 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 | 0.76% | 0.95% | 0.93% | 1.21% | 0.85% |
Frequently Asked Questions
AISP and CLSE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AISP has higher volatility (26.51%) compared to CLSE (4.22%). In terms of maximum drawdown, AISP dropped -87.56% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.56 vs -0.55), 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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