CLSE vs. DFND
Compare and contrast key facts about Convergence Long/Short Equity ETF (CLSE) and Siren DIVCON Dividend Defender ETF (DFND).
CLSE and DFND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLSE is an actively managed fund by Convergence Investment Partners. It was launched on Feb 22, 2022. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLSE or DFND.
Key characteristics
| CLSE | DFND | |
|---|---|---|
| YTD Return | 40.90% | 13.47% |
| 1Y Return | 42.33% | 10.94% |
| Sharpe Ratio | 3.43 | 0.48 |
| Sortino Ratio | 4.77 | 0.85 |
| Omega Ratio | 1.60 | 1.14 |
| Calmar Ratio | 5.77 | 1.13 |
| Martin Ratio | 23.29 | 2.53 |
| Ulcer Index | 1.84% | 5.60% |
| Daily Std Dev | 12.47% | 30.02% |
| Max Drawdown | -14.28% | -22.65% |
| Current Drawdown | 0.00% | -5.64% |
Correlation
The correlation between CLSE and DFND is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CLSE vs. DFND - Performance Comparison
In the year-to-date period, CLSE achieves a 40.90% return, which is significantly higher than DFND's 13.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLSE vs. DFND - Expense Ratio Comparison
CLSE has a 1.56% expense ratio, which is higher than DFND's 1.50% expense ratio.
Risk-Adjusted Performance
CLSE vs. DFND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Siren DIVCON Dividend Defender ETF (DFND). 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
CLSE vs. DFND - Dividend Comparison
CLSE's dividend yield for the trailing twelve months is around 0.86%, less than DFND's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 0.86% | 1.21% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFND Siren DIVCON Dividend Defender ETF | 1.57% | 1.84% | 0.29% | 0.00% | 0.00% | 0.77% | 0.53% | 0.03% |
Drawdowns
CLSE vs. DFND - Drawdown Comparison
The maximum CLSE drawdown since its inception was -14.28%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for CLSE and DFND. For additional features, visit the drawdowns tool.
Volatility
CLSE vs. DFND - Volatility Comparison
The current volatility for Convergence Long/Short Equity ETF (CLSE) is 3.57%, while Siren DIVCON Dividend Defender ETF (DFND) has a volatility of 13.74%. This indicates that CLSE experiences smaller price fluctuations and is considered to be less risky than DFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.