CLSE vs. GBTC

In the year-to-date period, CLSE achieves a -6.42% return, which is significantly lower than GBTC's -0.14% return.

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This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Grayscale Bitcoin Trust (BTC) (GBTC). 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 current CLSE Sharpe Ratio is 0.51, which is comparable to the GBTC Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of CLSE and GBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

CLSE's dividend yield for the trailing twelve months is around 0.99%, while GBTC has not paid dividends to shareholders.

The maximum CLSE drawdown since its inception was -16.45%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for CLSE and GBTC. For additional features, visit the drawdowns tool.

The current volatility for Convergence Long/Short Equity ETF (CLSE) is 8.23%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 16.51%. This indicates that CLSE experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.