BRZE vs. CLSE
BRZE (Braze, Inc.) is a stock, while CLSE (Convergence Long/Short Equity ETF) is Long-Short fund actively managed by Convergence. Over the past 3 years, BRZE returned -17.49%/yr vs 29.42%/yr for CLSE. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
BRZE vs. CLSE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRZE achieves a -27.33% return, which is significantly lower than CLSE's 24.37% return.
BRZE
- 1D
- -0.56%
- 1M
- 4.66%
- 6M
- 19.69%
- YTD
- -27.33%
- 1Y
- -4.89%
- 3Y*
- -17.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.39%
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) |
|---|---|---|---|
BRZE Braze, Inc. | $61.16M | $59.62M | $66.07M |
| $15.17M | $11.74M | $9.80M |
BRZE vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRZE Braze, Inc. | -27.33% | -18.12% | -21.17% | 94.76% | -37.55% |
CLSE Convergence Long/Short Equity ETF | 24.37% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between BRZE 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. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.23 |
The correlation between BRZE and CLSE shifts across timeframes, from -0.03 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRZE vs. CLSE — Risk / Return Rank
BRZE
CLSE
BRZE vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Braze, Inc. (BRZE) 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.
| BRZE | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.53 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 8.77 | -8.96 |
| Martin ratioReturn relative to average drawdown | -0.35 | 29.59 | -29.94 |
Loading charts...
Drawdowns
BRZE vs. CLSE - Drawdown Comparison
The maximum BRZE drawdown since its inception was -83.23%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for BRZE and CLSE.
Loading charts...
Drawdown Indicators
| BRZE | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -16.45% | -66.78% |
Max Drawdown (1Y)Largest decline over 1 year | -56.37% | -4.85% | -51.52% |
Max Drawdown (3Y)Largest decline over 3 years | -73.56% | -16.45% | -57.11% |
Current DrawdownCurrent decline from peak | -73.53% | -1.34% | -72.19% |
Average DrawdownAverage peak-to-trough decline | -60.38% | -3.52% | -56.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.65% | 1.44% | +29.21% |
Volatility
BRZE vs. CLSE - Volatility Comparison
Braze, Inc. (BRZE) has a higher volatility of 21.18% compared to Convergence Long/Short Equity ETF (CLSE) at 3.24%. This indicates that BRZE'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.
Loading charts...
Volatility by Period
| BRZE | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.18% | 3.24% | +17.94% |
Volatility (6M)Calculated over the trailing 6-month period | 53.58% | 10.80% | +42.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.56% | 13.79% | +54.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.64% | 13.86% | +50.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.64% | 13.86% | +50.78% |
Dividends
BRZE vs. CLSE - Dividend Comparison
BRZE 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 |
|---|---|---|---|---|---|
BRZE Braze, 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
BRZE 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.
BRZE has higher volatility (21.18%) compared to CLSE (3.24%). In terms of maximum drawdown, BRZE dropped -83.23% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.09 vs -0.16), 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.
Find the right allocation for BRZE and CLSE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer