DMBS vs. CLSE
Compare and contrast key facts about Doubleline Etf Trust - Mortgage ETF (DMBS) and Convergence Long/Short Equity ETF (CLSE).
DMBS and CLSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DMBS is an actively managed fund by DoubleLine. It was launched on Mar 31, 2023. CLSE is an actively managed fund by Convergence Investment Partners. It was launched on Feb 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DMBS or CLSE.
Correlation
The correlation between DMBS and CLSE is 0.07, 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.
Performance
DMBS vs. CLSE - Performance Comparison
Key characteristics
DMBS:
0.94
CLSE:
1.65
DMBS:
1.36
CLSE:
2.20
DMBS:
1.17
CLSE:
1.30
DMBS:
1.11
CLSE:
3.14
DMBS:
2.60
CLSE:
10.69
DMBS:
2.08%
CLSE:
2.18%
DMBS:
5.76%
CLSE:
14.12%
DMBS:
-8.15%
CLSE:
-14.28%
DMBS:
-2.33%
CLSE:
-3.61%
Returns By Period
In the year-to-date period, DMBS achieves a 1.17% return, which is significantly lower than CLSE's 1.31% return.
DMBS
1.17%
1.17%
-0.61%
5.87%
N/A
N/A
CLSE
1.31%
-3.29%
8.98%
24.84%
N/A
N/A
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DMBS vs. CLSE - Expense Ratio Comparison
DMBS has a 0.49% expense ratio, which is lower than CLSE's 1.56% expense ratio.
Risk-Adjusted Performance
DMBS vs. CLSE — Risk-Adjusted Performance Rank
DMBS
CLSE
DMBS vs. CLSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Etf Trust - Mortgage ETF (DMBS) and Convergence Long/Short Equity ETF (CLSE). 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.
Dividends
DMBS vs. CLSE - Dividend Comparison
DMBS's dividend yield for the trailing twelve months is around 5.03%, more than CLSE's 0.91% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
DMBS Doubleline Etf Trust - Mortgage ETF | 5.03% | 4.97% | 2.81% | 0.00% |
CLSE Convergence Long/Short Equity ETF | 0.91% | 0.93% | 1.21% | 0.85% |
Drawdowns
DMBS vs. CLSE - Drawdown Comparison
The maximum DMBS drawdown since its inception was -8.15%, smaller than the maximum CLSE drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for DMBS and CLSE. For additional features, visit the drawdowns tool.
Volatility
DMBS vs. CLSE - Volatility Comparison
The current volatility for Doubleline Etf Trust - Mortgage ETF (DMBS) is 1.44%, while Convergence Long/Short Equity ETF (CLSE) has a volatility of 5.53%. This indicates that DMBS experiences smaller price fluctuations and is considered to be less risky than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.