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 -54.51%/yr vs 31.13%/yr for CLSE. At a 0.17 correlation, their price movements are largely independent.
Performance
LCID vs. CLSE - Performance Comparison
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Returns By Period
In the year-to-date period, LCID achieves a -51.28% return, which is significantly lower than CLSE's 24.30% return.
LCID
- 1D
- -0.77%
- 1M
- -11.82%
- YTD
- -51.28%
- 6M
- -56.39%
- 1Y
- -76.27%
- 3Y*
- -54.51%
- 5Y*
- -54.06%
- 10Y*
- —
CLSE
- 1D
- -0.38%
- 1M
- 3.06%
- YTD
- 24.30%
- 6M
- 22.50%
- 1Y
- 47.01%
- 3Y*
- 31.13%
- 5Y*
- —
- 10Y*
- —
LCID vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LCID Lucid Group, Inc. | -51.28% | -65.00% | -28.27% | -38.36% | -74.31% |
CLSE Convergence Long/Short Equity ETF | 24.30% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between LCID and CLSE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.17 |
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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.
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.
| LCID | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.45 | ||
| Sortino ratioReturn per unit of downside risk | -6.91 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.60 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 9.74 | -10.64 |
| Martin ratioReturn relative to average drawdown | -1.31 | 35.34 | -36.65 |
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Drawdowns
LCID vs. CLSE - Drawdown Comparison
The maximum LCID drawdown since its inception was -99.19%, 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.
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Drawdown Indicators
| LCID | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.19% | -16.45% | -82.74% |
Max Drawdown (1Y)Largest decline over 1 year | -84.98% | -4.85% | -80.13% |
Max Drawdown (3Y)Largest decline over 3 years | -94.21% | -16.45% | -77.76% |
Max Drawdown (5Y)Largest decline over 5 years | -99.15% | — | — |
Current DrawdownCurrent decline from peak | -99.11% | -1.39% | -97.72% |
Average DrawdownAverage peak-to-trough decline | -76.34% | -3.56% | -72.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.07% | 1.33% | +56.74% |
Volatility
LCID vs. CLSE - Volatility Comparison
Lucid Group, Inc. (LCID) has a higher volatility of 22.76% compared to Convergence Long/Short Equity ETF (CLSE) at 4.24%. 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.
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Volatility by Period
| LCID | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.76% | 4.24% | +18.52% |
Volatility (6M)Calculated over the trailing 6-month period | 51.81% | 10.49% | +41.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.02% | 13.62% | +64.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.62% | 13.91% | +67.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.68% | 13.91% | +72.77% |
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 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 0.77% | 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 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCID has higher volatility (22.76%) compared to CLSE (4.24%). In terms of maximum drawdown, LCID dropped -99.19% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.47 vs -0.98), 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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