CLSE vs. DYMIX
CLSE (Convergence Long/Short Equity ETF) and DYMIX (Dynamic Alpha Macro Fund Institutional) are both funds - CLSE is a Long-Short fund actively managed by Convergence Investment Partners, while DYMIX is a Macro Trading fund actively managed by Dynamic Alpha Funds. Both are actively managed. Over the past year, CLSE returned 47.52% vs 26.04% for DYMIX. At a 0.17 correlation, their price movements are largely independent. CLSE charges 1.56%/yr vs 1.98%/yr for DYMIX.
Performance
CLSE vs. DYMIX - Performance Comparison
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Returns By Period
In the year-to-date period, CLSE achieves a 23.02% return, which is significantly higher than DYMIX's 4.83% return.
CLSE
- 1D
- 0.18%
- 1M
- 1.85%
- YTD
- 23.02%
- 6M
- 24.70%
- 1Y
- 47.52%
- 3Y*
- 31.32%
- 5Y*
- —
- 10Y*
- —
DYMIX
- 1D
- -2.19%
- 1M
- -2.72%
- YTD
- 4.83%
- 6M
- 8.89%
- 1Y
- 26.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLSE vs. DYMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 23.02% | 20.44% | 35.54% | 3.56% |
DYMIX Dynamic Alpha Macro Fund Institutional | 4.83% | 25.51% | 18.38% | 11.33% |
Correlation
The correlation between CLSE and DYMIX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2023 | 0.17 |
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Return for Risk
CLSE vs. DYMIX — Risk / Return Rank
CLSE
DYMIX
CLSE vs. DYMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Dynamic Alpha Macro Fund Institutional (DYMIX). 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.
| CLSE | DYMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.30 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 9.85 | 1.96 | +7.88 |
| Martin ratioReturn relative to average drawdown | 36.64 | 4.45 | +32.19 |
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
| CLSE | DYMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 1.64 | +1.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 1.62 | -0.08 |
Drawdowns
CLSE vs. DYMIX - Drawdown Comparison
The maximum CLSE drawdown since its inception was -16.45%, which is greater than DYMIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for CLSE and DYMIX.
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Drawdown Indicators
| CLSE | DYMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.45% | -12.95% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -12.95% | +8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | — | — |
Current DrawdownCurrent decline from peak | -2.18% | -11.66% | +9.48% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -3.79% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 5.70% | -4.39% |
Volatility
CLSE vs. DYMIX - Volatility Comparison
Convergence Long/Short Equity ETF (CLSE) has a higher volatility of 4.28% compared to Dynamic Alpha Macro Fund Institutional (DYMIX) at 3.46%. This indicates that CLSE's price experiences larger fluctuations and is considered to be riskier than DYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSE | DYMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 3.46% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 11.48% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 15.50% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 14.47% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 14.47% | -0.56% |
CLSE vs. DYMIX - Expense Ratio Comparison
CLSE has a 1.56% expense ratio, which is lower than DYMIX's 1.98% expense ratio.
Dividends
CLSE vs. DYMIX - Dividend Comparison
CLSE's dividend yield for the trailing twelve months is around 0.77%, less than DYMIX's 6.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 0.77% | 0.95% | 0.93% | 1.21% | 0.85% |
DYMIX Dynamic Alpha Macro Fund Institutional | 6.51% | 6.82% | 7.12% | 0.42% | 0.00% |
Frequently Asked Questions
CLSE and DYMIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSE has higher volatility (4.28%) compared to DYMIX (3.46%). In terms of maximum drawdown, CLSE dropped -16.45% vs DYMIX's -12.95%.
CLSE currently has the higher Sharpe Ratio (3.54 vs 1.64), 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.
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