HMC vs. CLSE
HMC (Honda Motor Co., Ltd.) 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, HMC returned -2.27%/yr vs 31.13%/yr for CLSE. At a 0.37 correlation, their price movements are largely independent.
Performance
HMC vs. CLSE - Performance Comparison
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Returns By Period
In the year-to-date period, HMC achieves a -12.62% return, which is significantly lower than CLSE's 24.30% return.
HMC
- 1D
- 0.70%
- 1M
- -2.68%
- YTD
- -12.62%
- 6M
- -14.45%
- 1Y
- -8.93%
- 3Y*
- -2.27%
- 5Y*
- -1.47%
- 10Y*
- 3.26%
CLSE
- 1D
- -0.38%
- 1M
- 3.06%
- YTD
- 24.30%
- 6M
- 22.50%
- 1Y
- 47.01%
- 3Y*
- 31.13%
- 5Y*
- —
- 10Y*
- —
HMC vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HMC Honda Motor Co., Ltd. | -12.62% | 8.04% | -5.14% | 39.86% | -25.63% |
CLSE Convergence Long/Short Equity ETF | 24.30% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between HMC and CLSE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.37 |
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Return for Risk
HMC vs. CLSE — Risk / Return Rank
HMC
CLSE
HMC vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honda Motor Co., Ltd. (HMC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HMC | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.76 | ||
| Sortino ratioReturn per unit of downside risk | -4.94 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.60 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 9.74 | -10.03 |
| Martin ratioReturn relative to average drawdown | -0.55 | 35.34 | -35.89 |
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Drawdowns
HMC vs. CLSE - Drawdown Comparison
The maximum HMC drawdown since its inception was -90.46%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for HMC and CLSE.
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Drawdown Indicators
| HMC | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -16.45% | -74.01% |
Max Drawdown (1Y)Largest decline over 1 year | -31.18% | -4.85% | -26.33% |
Max Drawdown (3Y)Largest decline over 3 years | -35.41% | -16.45% | -18.96% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -26.54% | -1.39% | -25.15% |
Average DrawdownAverage peak-to-trough decline | -36.09% | -3.56% | -32.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 1.33% | +14.81% |
Volatility
HMC vs. CLSE - Volatility Comparison
Honda Motor Co., Ltd. (HMC) has a higher volatility of 10.07% compared to Convergence Long/Short Equity ETF (CLSE) at 4.24%. This indicates that HMC'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.
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Volatility by Period
| HMC | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 4.24% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.57% | 10.49% | +11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.47% | 13.62% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 13.91% | +13.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 13.91% | +11.52% |
Dividends
HMC vs. CLSE - Dividend Comparison
HMC's dividend yield for the trailing twelve months is around 2.64%, more than CLSE's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 0.77% | 0.95% | 0.93% | 1.21% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMC Honda Motor Co., Ltd. | 2.64% | 4.67% | 3.19% | 3.29% | 4.00% | 3.08% | 2.72% | 2.90% | 2.27% | 2.45% | 2.87% | 2.86% |
Frequently Asked Questions
HMC and CLSE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMC has higher volatility (10.07%) compared to CLSE (4.24%). In terms of maximum drawdown, HMC dropped -90.46% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.47 vs -0.29), 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.
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