CLSE vs. WEIX

Last updated Jun 4, 2026

CLSE (Convergence Long/Short Equity ETF) and WEIX (Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF) are both exchange-traded funds - CLSE is a Long-Short fund actively managed by Convergence Investment Partners, while WEIX is a Volatility fund actively managed by Dynamic Shares Trust. Both are actively managed. CLSE charges 1.56%/yr vs 0.50%/yr for WEIX.

Performance

CLSE vs. WEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Convergence Long/Short Equity ETF (CLSE) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSE

• 1D: 0.35%
• 1M: 9.28%
• YTD: 25.76%
• 6M: 28.57%
• 1Y: 50.91%
• 3Y*: 32.39%
• 5Y*: —
• 10Y*: —

WEIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLSE vs. WEIX - Yearly Performance Comparison

	2026 (YTD)
CLSE Convergence Long/Short Equity ETF	20.01%
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%

Return for Risk

CLSE vs. WEIX — Risk / Return Rank

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

CLSE

CLSE Risk / Return Rank: 95
CLSE Sharpe Ratio Rank: 95
CLSE Sortino Ratio Rank: 95
CLSE Omega Ratio Rank: 93
CLSE Calmar Ratio Rank: 97
CLSE Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLSE vs. WEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). 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	WEIX	Difference
Sharpe ratio: Return per unit of total volatility	3.84	—	—
Sortino ratio: Return per unit of downside risk	5.20	—	—
Omega ratio: Gain probability vs. loss probability	1.67	—	—
Calmar ratio: Return relative to maximum drawdown	10.55	—	—
Martin ratio: Return relative to average drawdown	39.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CLSE	WEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	—	—

Drawdowns

CLSE vs. WEIX - Drawdown Comparison

The maximum CLSE drawdown since its inception was -16.45%, which is greater than WEIX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CLSE and WEIX.

Drawdown Indicators

	CLSE	WEIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.45%	0.00%	-16.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.45%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.59%	0.00%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	—	—

Volatility

Volatility by Period

	CLSE	WEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	0.00%	+13.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	0.00%	+13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	0.00%	+13.88%

CLSE vs. WEIX - Expense Ratio Comparison

CLSE has a 1.56% expense ratio, which is higher than WEIX's 0.50% expense ratio.

Dividends

CLSE vs. WEIX - Dividend Comparison

CLSE's dividend yield for the trailing twelve months is around 0.76%, while WEIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	0.76%	0.95%	0.93%	1.21%	0.85%
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CLSE or WEIX?

On fees, WEIX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSE or WEIX?

WEIX is cheaper with a 0.50% expense ratio, compared with 1.56% for CLSE.

Which ETF pays a higher dividend yield, CLSE or WEIX?

CLSE has the higher dividend yield at 0.76%, compared with 0.00% for WEIX.

What is the main difference between CLSE and WEIX?

CLSE is categorized as Long-Short, while WEIX is Volatility. They also come from different issuers: Convergence Investment Partners and Dynamic Shares Trust. Their fees differ too: 1.56% for CLSE and 0.50% for WEIX.