CLIX vs. NLSI
CLIX (ProShares Long Online/Short Stores ETF) and NLSI (Neos Long/Short Equity Income ETF) are both Long-Short funds. CLIX is passively managed, while NLSI is actively managed. At a 0.34 correlation, their price movements are largely independent. CLIX charges 0.65%/yr vs 2.89%/yr for NLSI.
Performance
CLIX vs. NLSI - Performance Comparison
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Returns By Period
In the year-to-date period, CLIX achieves a -6.21% return, which is significantly lower than NLSI's 7.01% return.
CLIX
- 1D
- -2.35%
- 1M
- -6.73%
- YTD
- -6.21%
- 6M
- -6.37%
- 1Y
- 12.94%
- 3Y*
- 18.92%
- 5Y*
- -6.40%
- 10Y*
- —
NLSI
- 1D
- -0.92%
- 1M
- 10.92%
- YTD
- 7.01%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLIX vs. NLSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -6.21% | -1.11% |
NLSI Neos Long/Short Equity Income ETF | 7.01% | 1.90% |
Correlation
The correlation between CLIX and NLSI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.34 |
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Return for Risk
CLIX vs. NLSI — Risk / Return Rank
CLIX
NLSI
CLIX vs. NLSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and Neos Long/Short Equity Income ETF (NLSI). 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.
| CLIX | NLSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | — | — |
| Martin ratioReturn relative to average drawdown | 1.81 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLIX | NLSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.04 | -0.87 |
Drawdowns
CLIX vs. NLSI - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than NLSI's maximum drawdown of -13.82%. Use the drawdown chart below to compare losses from any high point for CLIX and NLSI.
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Drawdown Indicators
| CLIX | NLSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -13.82% | -59.39% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -68.22% | — | — |
Current DrawdownCurrent decline from peak | -44.59% | -1.33% | -43.26% |
Average DrawdownAverage peak-to-trough decline | -34.70% | -6.10% | -28.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | — | — |
Volatility
CLIX vs. NLSI - Volatility Comparison
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Volatility by Period
| CLIX | NLSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 19.37% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.94% | 19.37% | +7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.92% | 19.37% | +6.55% |
CLIX vs. NLSI - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is lower than NLSI's 2.89% expense ratio.
Dividends
CLIX vs. NLSI - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.57%, less than NLSI's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.57% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% |
NLSI Neos Long/Short Equity Income ETF | 2.42% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLIX and NLSI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLIX is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLIX is cheaper with a 0.65% expense ratio, compared with 2.89% for NLSI.
NLSI has the higher dividend yield at 2.42%, compared with 0.57% for CLIX.
They also come from different issuers: ProShares and Neos. Their fees differ too: 0.65% for CLIX and 2.89% for NLSI.
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