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RYISX vs. CLSE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RYISX and CLSE is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

RYISX vs. CLSE

Last updated Jun 1, 2025

Compare and contrast key facts about Guggenheim Long Short Equity Fund (RYISX) and Convergence Long/Short Equity ETF (CLSE).

RYISX is managed by Guggenheim Investments. It was launched on Mar 21, 2002. 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: RYISX or CLSE.

Performance

RYISX vs. CLSE - Performance Comparison

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

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Key characteristics

Returns By Period

RYISX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

CLSE

YTD

0.09%

1M

4.94%

6M

-1.75%

1Y

10.65%

3Y*

14.53%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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Guggenheim Long Short Equity Fund

Convergence Long/Short Equity ETF

RYISX vs. CLSE - Expense Ratio Comparison

RYISX has a 2.61% expense ratio, which is higher than CLSE's 1.56% expense ratio.

RYISX
Guggenheim Long Short Equity Fund
CLSE
Convergence Long/Short Equity ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

RYISX vs. CLSE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RYISX
The Risk-Adjusted Performance Rank of RYISX is 1111
Overall Rank
The Sharpe Ratio Rank of RYISX is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of RYISX is 55
Sortino Ratio Rank
The Omega Ratio Rank of RYISX is 99
Omega Ratio Rank
The Calmar Ratio Rank of RYISX is 3030
Calmar Ratio Rank
The Martin Ratio Rank of RYISX is 44
Martin Ratio Rank
CLSE
The Risk-Adjusted Performance Rank of CLSE is 5252
Overall Rank
The Sharpe Ratio Rank of CLSE is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of CLSE is 4747
Sortino Ratio Rank
The Omega Ratio Rank of CLSE is 4848
Omega Ratio Rank
The Calmar Ratio Rank of CLSE is 5858
Calmar Ratio Rank
The Martin Ratio Rank of CLSE is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

RYISX vs. CLSE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Long Short Equity Fund (RYISX) 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

RYISX vs. CLSE - Dividend Comparison

RYISX has not paid dividends to shareholders, while CLSE's dividend yield for the trailing twelve months is around 0.92%.

TTM202420232022
RYISX
Guggenheim Long Short Equity Fund		100.02%100.02%0.00%0.00%
CLSE
Convergence Long/Short Equity ETF		0.92%0.93%1.21%0.85%

Drawdowns

RYISX vs. CLSE - Drawdown Comparison

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

RYISX vs. CLSE - Volatility Comparison

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