EHLS vs. CLSE
Compare and contrast key facts about Even Herd Long Short ETF (EHLS) and Convergence Long/Short Equity ETF (CLSE).
EHLS and CLSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EHLS is an actively managed fund by N/A. It was launched on Apr 1, 2024. 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: EHLS or CLSE.
Correlation
The correlation between EHLS and CLSE is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EHLS vs. CLSE - Performance Comparison
Key characteristics
EHLS:
18.68%
CLSE:
13.26%
EHLS:
-12.85%
CLSE:
-14.28%
EHLS:
-5.95%
CLSE:
-3.91%
Returns By Period
EHLS
N/A
-2.84%
9.19%
N/A
N/A
N/A
CLSE
35.84%
-2.17%
7.35%
35.24%
N/A
N/A
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EHLS vs. CLSE - Expense Ratio Comparison
EHLS has a 1.58% expense ratio, which is higher than CLSE's 1.56% expense ratio.
Risk-Adjusted Performance
EHLS vs. CLSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Even Herd Long Short ETF (EHLS) 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.
Not enough dataDividends
EHLS vs. CLSE - Dividend Comparison
EHLS's dividend yield for the trailing twelve months is around 1.04%, more than CLSE's 0.92% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
EHLS Even Herd Long Short ETF | 1.04% | 0.00% | 0.00% |
CLSE Convergence Long/Short Equity ETF | 0.92% | 1.21% | 0.85% |
Drawdowns
EHLS vs. CLSE - Drawdown Comparison
The maximum EHLS drawdown since its inception was -12.85%, smaller than the maximum CLSE drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for EHLS and CLSE. For additional features, visit the drawdowns tool.
Volatility
EHLS vs. CLSE - Volatility Comparison
Even Herd Long Short ETF (EHLS) has a higher volatility of 6.86% compared to Convergence Long/Short Equity ETF (CLSE) at 5.40%. This indicates that EHLS's price experiences larger fluctuations and is considered to be riskier than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.