GSAT vs. CLSE

Last updated Jun 5, 2026

GSAT (Globalstar, Inc.) is a stock, while CLSE (Convergence Long/Short Equity ETF) is Long-Short fund actively managed by Convergence Investment Partners. Over the past 3 years, GSAT returned 68.58%/yr vs 32.33%/yr for CLSE. At a 0.23 correlation, their price movements are largely independent.

Performance

GSAT vs. CLSE - Performance Comparison

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

Returns By Period

In the year-to-date period, GSAT achieves a 35.40% return, which is significantly higher than CLSE's 25.54% return.

GSAT

• 1D: 1.29%
• 1M: 0.95%
• YTD: 35.40%
• 6M: 21.03%
• 1Y: 321.25%
• 3Y*: 68.58%
• 5Y*: 36.33%
• 10Y*: 17.81%

CLSE

• 1D: -0.17%
• 1M: 7.35%
• YTD: 25.54%
• 6M: 28.02%
• 1Y: 51.14%
• 3Y*: 32.33%
• 5Y*: —
• 10Y*: —

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

GSAT vs. CLSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSAT Globalstar, Inc.	35.40%	96.59%	6.70%	45.86%	33.00%
CLSE Convergence Long/Short Equity ETF	25.54%	20.44%	35.54%	17.54%	-3.04%

Correlation

The correlation between GSAT and CLSE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022	0.23

Return for Risk

GSAT vs. CLSE — Risk / Return Rank

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

GSAT

GSAT Risk / Return Rank: 97
GSAT Sharpe Ratio Rank: 98
GSAT Sortino Ratio Rank: 95
GSAT Omega Ratio Rank: 95
GSAT Calmar Ratio Rank: 98
GSAT Martin Ratio Rank: 98

CLSE

CLSE Risk / Return Rank: 96
CLSE Sharpe Ratio Rank: 95
CLSE Sortino Ratio Rank: 95
CLSE Omega Ratio Rank: 94
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.

GSAT vs. CLSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Globalstar, Inc. (GSAT) 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.

	GSAT	CLSE	Difference
Sharpe ratio: Return per unit of total volatility	4.62	3.86	+0.75
Sortino ratio: Return per unit of downside risk	4.13	5.23	-1.10
Omega ratio: Gain probability vs. loss probability	1.58	1.68	-0.10
Calmar ratio: Return relative to maximum drawdown	12.20	10.60	+1.60
Martin ratio: Return relative to average drawdown	29.90	39.76	-9.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSAT vs. CLSE - Sharpe Ratio Comparison

The current GSAT Sharpe Ratio is 4.62, which is comparable to the CLSE Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of GSAT and CLSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSAT	CLSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.62	3.86	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	1.59	-1.65

Drawdowns

GSAT vs. CLSE - Drawdown Comparison

The maximum GSAT drawdown since its inception was -99.14%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for GSAT and CLSE.

Drawdown Indicators

	GSAT	CLSE	Difference
Max Drawdown Largest peak-to-trough decline	-99.14%	-16.45%	-82.69%
Max Drawdown (1Y) Largest decline over 1 year	-26.53%	-4.85%	-21.68%
Max Drawdown (3Y) Largest decline over 3 years	-50.72%	-16.45%	-34.27%
Max Drawdown (5Y) Largest decline over 5 years	-67.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.34%	—	—
Current Drawdown Current decline from peak	-68.55%	-0.17%	-68.38%
Average Drawdown Average peak-to-trough decline	-88.42%	-3.59%	-84.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.80%	1.29%	+9.51%

Volatility

GSAT vs. CLSE - Volatility Comparison

The current volatility for Globalstar, Inc. (GSAT) is 3.45%, while Convergence Long/Short Equity ETF (CLSE) has a volatility of 4.16%. This indicates that GSAT 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.

Volatility by Period

	GSAT	CLSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.16%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	44.78%	10.20%	+34.58%
Volatility (1Y) Calculated over the trailing 1-year period	70.16%	13.31%	+56.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.77%	13.88%	+64.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.14%	13.88%	+76.26%

Dividends

GSAT vs. CLSE - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	0.76%	0.95%	0.93%	1.21%	0.85%
GSAT Globalstar, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSAT and CLSE in my portfolio?

GSAT and CLSE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSAT or CLSE?

CLSE has higher volatility (4.16%) compared to GSAT (3.45%). In terms of maximum drawdown, GSAT dropped -99.14% vs CLSE's -16.45%.

Which has better risk-adjusted returns?

GSAT currently has the higher Sharpe Ratio (4.62 vs 3.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.