LCID vs. CLSE
LCID (Lucid Group, 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, LCID returned -55.75%/yr vs 32.39%/yr for CLSE. At a 0.17 correlation, their price movements are largely independent.
Performance
LCID vs. CLSE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LCID achieves a -45.88% return, which is significantly lower than CLSE's 25.76% return.
LCID
- 1D
- -7.29%
- 1M
- -14.50%
- YTD
- -45.88%
- 6M
- -57.82%
- 1Y
- -73.88%
- 3Y*
- -55.75%
- 5Y*
- -52.62%
- 10Y*
- —
CLSE
- 1D
- 0.35%
- 1M
- 9.28%
- YTD
- 25.76%
- 6M
- 28.57%
- 1Y
- 50.91%
- 3Y*
- 32.39%
- 5Y*
- —
- 10Y*
- —
LCID vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LCID Lucid Group, Inc. | -45.88% | -65.00% | -28.27% | -38.36% | -73.23% |
CLSE Convergence Long/Short Equity ETF | 25.76% | 20.44% | 35.54% | 17.54% | -3.04% |
Correlation
The correlation between LCID and CLSE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022 | 0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LCID vs. CLSE — Risk / Return Rank
LCID
CLSE
LCID vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lucid Group, Inc. (LCID) 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.
| LCID | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.81 | ||
| Sortino ratioReturn per unit of downside risk | -7.33 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.67 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 10.55 | -11.45 |
| Martin ratioReturn relative to average drawdown | -1.35 | 39.58 | -40.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LCID | CLSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | 3.84 | -4.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 1.59 | -2.05 |
Drawdowns
LCID vs. CLSE - Drawdown Comparison
The maximum LCID drawdown since its inception was -99.03%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for LCID and CLSE.
Loading charts...
Drawdown Indicators
| LCID | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -16.45% | -82.58% |
Max Drawdown (1Y)Largest decline over 1 year | -82.08% | -4.85% | -77.23% |
Max Drawdown (3Y)Largest decline over 3 years | -93.09% | -16.45% | -76.64% |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | — | — |
Current DrawdownCurrent decline from peak | -99.01% | 0.00% | -99.01% |
Average DrawdownAverage peak-to-trough decline | -76.00% | -3.59% | -72.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.65% | 1.29% | +53.36% |
Volatility
LCID vs. CLSE - Volatility Comparison
Lucid Group, Inc. (LCID) has a higher volatility of 18.88% compared to Convergence Long/Short Equity ETF (CLSE) at 4.31%. This indicates that LCID'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.
Loading charts...
Volatility by Period
| LCID | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.88% | 4.31% | +14.57% |
Volatility (6M)Calculated over the trailing 6-month period | 50.48% | 10.21% | +40.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.33% | 13.32% | +63.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.56% | 13.88% | +67.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.78% | 13.88% | +72.90% |
Dividends
LCID vs. CLSE - Dividend Comparison
LCID 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% |
LCID Lucid Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LCID and CLSE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCID has higher volatility (18.88%) compared to CLSE (4.31%). In terms of maximum drawdown, LCID dropped -99.03% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.84 vs -0.97), 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.
Find the right allocation for LCID and CLSE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer