CBLS vs. CLSE
Compare and contrast key facts about Changebridge Capital Long/Short Equity ETF (CBLS) and Convergence Long/Short Equity ETF (CLSE).
CBLS and CLSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBLS is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. 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: CBLS or CLSE.
Correlation
The correlation between CBLS and CLSE is 0.53, 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
CBLS vs. CLSE - Performance Comparison
Key characteristics
CBLS:
2.53
CLSE:
2.74
CBLS:
3.38
CLSE:
3.72
CBLS:
1.43
CLSE:
1.48
CBLS:
1.15
CLSE:
4.91
CBLS:
9.00
CLSE:
18.90
CBLS:
3.47%
CLSE:
1.92%
CBLS:
12.35%
CLSE:
13.27%
CBLS:
-32.78%
CLSE:
-14.28%
CBLS:
-4.90%
CLSE:
-3.12%
Returns By Period
In the year-to-date period, CBLS achieves a 28.31% return, which is significantly lower than CLSE's 36.96% return.
CBLS
28.31%
-1.24%
3.13%
29.62%
N/A
N/A
CLSE
36.96%
-1.31%
8.59%
36.04%
N/A
N/A
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CBLS vs. CLSE - Expense Ratio Comparison
CBLS has a 1.95% expense ratio, which is higher than CLSE's 1.56% expense ratio.
Risk-Adjusted Performance
CBLS vs. CLSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Long/Short Equity ETF (CBLS) 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
CBLS vs. CLSE - Dividend Comparison
CBLS has not paid dividends to shareholders, while CLSE's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CBLS Changebridge Capital Long/Short Equity ETF | 0.00% | 0.44% | 0.00% |
CLSE Convergence Long/Short Equity ETF | 0.92% | 1.21% | 0.85% |
Drawdowns
CBLS vs. CLSE - Drawdown Comparison
The maximum CBLS drawdown since its inception was -32.78%, which is greater than CLSE's maximum drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for CBLS and CLSE. For additional features, visit the drawdowns tool.
Volatility
CBLS vs. CLSE - Volatility Comparison
The current volatility for Changebridge Capital Long/Short Equity ETF (CBLS) is 3.48%, while Convergence Long/Short Equity ETF (CLSE) has a volatility of 5.48%. This indicates that CBLS 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.