CLSE vs. WTIP

Last updated Apr 1, 2026

Compare and contrast key facts about Convergence Long/Short Equity ETF (CLSE) and WisdomTree Inflation Plus Fund (WTIP).

CLSE and WTIP 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. WTIP is an actively managed fund by WisdomTree. It was launched on Jun 18, 2025.

Performance

CLSE vs. WTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Convergence Long/Short Equity ETF (CLSE) and WisdomTree Inflation Plus Fund (WTIP). The values are adjusted to include any dividend payments, if applicable.

CLSE vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
CLSE Convergence Long/Short Equity ETF	2.96%	19.56%
WTIP WisdomTree Inflation Plus Fund	12.54%	14.00%

Returns By Period

In the year-to-date period, CLSE achieves a 2.96% return, which is significantly lower than WTIP's 12.54% return.

CLSE

• 1D: 2.44%
• 1M: -1.02%
• YTD: 2.96%
• 6M: 9.11%
• 1Y: 31.47%
• 3Y*: 24.16%
• 5Y*: —
• 10Y*: —

WTIP

• 1D: 0.44%
• 1M: 5.96%
• YTD: 12.54%
• 6M: 20.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLSE vs. WTIP - Expense Ratio Comparison

CLSE has a 1.56% expense ratio, which is higher than WTIP's 0.65% expense ratio.

CLSE

Convergence Long/Short Equity ETF

WTIP

WisdomTree Inflation Plus Fund

Return for Risk

CLSE vs. WTIP — Risk / Return Rank

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

CLSE

CLSE Risk / Return Rank: 94
CLSE Sharpe Ratio Rank: 94
CLSE Sortino Ratio Rank: 94
CLSE Omega Ratio Rank: 92
CLSE Calmar Ratio Rank: 96
CLSE Martin Ratio Rank: 97

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. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and WisdomTree Inflation Plus Fund (WTIP). 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	WTIP	Difference
Sharpe ratio Return per unit of total volatility	2.19	—	—
Sortino ratio Return per unit of downside risk	2.84	—	—
Omega ratio Gain probability vs. loss probability	1.40	—	—
Calmar ratio Return relative to maximum drawdown	4.14	—	—
Martin ratio Return relative to average drawdown	19.56	—	—
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	WTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	2.53	-1.28

Correlation

The correlation between CLSE and WTIP is 0.18, 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.

Dividends

CLSE vs. WTIP - Dividend Comparison

CLSE's dividend yield for the trailing twelve months is around 0.92%, less than WTIP's 1.46% yield.

	TTM	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	0.92%	0.95%	0.93%	1.21%	0.85%
WTIP WisdomTree Inflation Plus Fund	1.46%	1.59%	0.00%	0.00%	0.00%

Drawdowns

CLSE vs. WTIP - Drawdown Comparison

The maximum CLSE drawdown since its inception was -16.45%, which is greater than WTIP's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for CLSE and WTIP.

Drawdown Indicators

	CLSE	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-16.45%	-7.45%	-9.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	—	—
Current Drawdown Current decline from peak	-2.53%	-1.72%	-0.81%
Average Drawdown Average peak-to-trough decline	-3.73%	-1.32%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	CLSE	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	14.97%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	14.97%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	14.97%	-1.12%