RYISX vs. CLSE
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.
Correlation
The correlation between RYISX and CLSE is 0.54, 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.
Performance
RYISX vs. CLSE - Performance Comparison
Key characteristics
Returns By Period
RYISX
N/A
N/A
N/A
N/A
N/A
N/A
CLSE
-1.05%
-5.78%
5.66%
18.96%
N/A
N/A
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RYISX vs. CLSE - Expense Ratio Comparison
RYISX has a 2.61% expense ratio, which is higher than CLSE's 1.56% expense ratio.
Risk-Adjusted Performance
RYISX vs. CLSE — Risk-Adjusted Performance Rank
RYISX
CLSE
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.
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 0.94%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
RYISX Guggenheim Long Short Equity Fund | 100.02% | 100.02% | 0.00% | 0.00% |
CLSE Convergence Long/Short Equity ETF | 0.94% | 0.93% | 1.21% | 0.85% |
Drawdowns
RYISX vs. CLSE - Drawdown Comparison
Volatility
RYISX vs. CLSE - Volatility Comparison
The current volatility for Guggenheim Long Short Equity Fund (RYISX) is 0.00%, while Convergence Long/Short Equity ETF (CLSE) has a volatility of 5.93%. This indicates that RYISX 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.