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CLSE vs. DFND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CLSE and DFND is 0.47, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

CLSE vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Convergence Long/Short Equity ETF (CLSE) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
47.21%
15.60%
CLSE
DFND

Key characteristics

Sharpe Ratio

CLSE:

0.51

DFND:

0.22

Sortino Ratio

CLSE:

0.76

DFND:

0.55

Omega Ratio

CLSE:

1.10

DFND:

1.07

Calmar Ratio

CLSE:

0.51

DFND:

0.58

Martin Ratio

CLSE:

1.71

DFND:

1.46

Ulcer Index

CLSE:

4.95%

DFND:

4.99%

Daily Std Dev

CLSE:

16.38%

DFND:

34.00%

Max Drawdown

CLSE:

-16.45%

DFND:

-22.65%

Current Drawdown

CLSE:

-10.96%

DFND:

-5.81%

Returns By Period

In the year-to-date period, CLSE achieves a -6.42% return, which is significantly lower than DFND's 4.87% return.


CLSE

YTD

-6.42%

1M

-3.07%

6M

-3.98%

1Y

7.63%

5Y*

N/A

10Y*

N/A

DFND

YTD

4.87%

1M

0.71%

6M

-3.52%

1Y

5.96%

5Y*

5.92%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


CLSE vs. DFND - Expense Ratio Comparison

CLSE has a 1.56% expense ratio, which is higher than DFND's 1.50% expense ratio.


Expense ratio chart for CLSE: current value is 1.56%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CLSE: 1.56%
Expense ratio chart for DFND: current value is 1.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DFND: 1.50%

Risk-Adjusted Performance

CLSE vs. DFND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLSE
The Risk-Adjusted Performance Rank of CLSE is 5959
Overall Rank
The Sharpe Ratio Rank of CLSE is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of CLSE is 5656
Sortino Ratio Rank
The Omega Ratio Rank of CLSE is 5555
Omega Ratio Rank
The Calmar Ratio Rank of CLSE is 6565
Calmar Ratio Rank
The Martin Ratio Rank of CLSE is 5656
Martin Ratio Rank

DFND
The Risk-Adjusted Performance Rank of DFND is 4949
Overall Rank
The Sharpe Ratio Rank of DFND is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of DFND is 4444
Sortino Ratio Rank
The Omega Ratio Rank of DFND is 4444
Omega Ratio Rank
The Calmar Ratio Rank of DFND is 6868
Calmar Ratio Rank
The Martin Ratio Rank of DFND is 5151
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for CLSE, currently valued at 0.51, compared to the broader market-1.000.001.002.003.004.00
CLSE: 0.51
DFND: 0.17
The chart of Sortino ratio for CLSE, currently valued at 0.76, compared to the broader market-2.000.002.004.006.008.00
CLSE: 0.76
DFND: 0.49
The chart of Omega ratio for CLSE, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
CLSE: 1.10
DFND: 1.07
The chart of Calmar ratio for CLSE, currently valued at 0.51, compared to the broader market0.002.004.006.008.0010.0012.00
CLSE: 0.51
DFND: 0.46
The chart of Martin ratio for CLSE, currently valued at 1.71, compared to the broader market0.0020.0040.0060.00
CLSE: 1.71
DFND: 1.16

The current CLSE Sharpe Ratio is 0.51, which is higher than the DFND Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of CLSE and DFND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.51
0.17
CLSE
DFND

Dividends

CLSE vs. DFND - Dividend Comparison

CLSE's dividend yield for the trailing twelve months is around 0.99%, less than DFND's 1.21% yield.


TTM20242023202220212020201920182017
CLSE
Convergence Long/Short Equity ETF
0.99%0.93%1.21%0.85%0.00%0.00%0.00%0.00%0.00%
DFND
Siren DIVCON Dividend Defender ETF
1.21%1.65%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 -16.45%, 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.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.96%
-5.81%
CLSE
DFND

Volatility

CLSE vs. DFND - Volatility Comparison

Convergence Long/Short Equity ETF (CLSE) and Siren DIVCON Dividend Defender ETF (DFND) have volatilities of 8.23% and 8.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
8.23%
8.57%
CLSE
DFND