SCM vs. CLSE
SCM (Stellus Capital Investment Corporation) 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, SCM returned -6.54%/yr vs 31.13%/yr for CLSE. At a 0.20 correlation, their price movements are largely independent.
Performance
SCM vs. CLSE - Performance Comparison
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Returns By Period
In the year-to-date period, SCM achieves a -33.67% return, which is significantly lower than CLSE's 24.30% return.
SCM
- 1D
- -4.22%
- 1M
- -11.35%
- YTD
- -33.67%
- 6M
- -31.99%
- 1Y
- -34.40%
- 3Y*
- -6.54%
- 5Y*
- 0.96%
- 10Y*
- 8.42%
CLSE
- 1D
- -0.38%
- 1M
- 3.06%
- YTD
- 24.30%
- 6M
- 22.50%
- 1Y
- 47.01%
- 3Y*
- 31.13%
- 5Y*
- —
- 10Y*
- —
SCM vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCM Stellus Capital Investment Corporation | -33.67% | 3.74% | 20.35% | 8.71% | 4.35% |
CLSE Convergence Long/Short Equity ETF | 24.30% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between SCM and CLSE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.20 |
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Return for Risk
SCM vs. CLSE — Risk / Return Rank
SCM
CLSE
SCM vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stellus Capital Investment Corporation (SCM) 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.
| SCM | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.79 | ||
| Sortino ratioReturn per unit of downside risk | -6.57 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.60 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 9.74 | -10.57 |
| Martin ratioReturn relative to average drawdown | -1.58 | 35.34 | -36.92 |
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Drawdowns
SCM vs. CLSE - Drawdown Comparison
The maximum SCM drawdown since its inception was -66.06%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for SCM and CLSE.
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Drawdown Indicators
| SCM | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.06% | -16.45% | -49.61% |
Max Drawdown (1Y)Largest decline over 1 year | -41.53% | -4.85% | -36.68% |
Max Drawdown (3Y)Largest decline over 3 years | -41.53% | -16.45% | -25.08% |
Max Drawdown (5Y)Largest decline over 5 years | -41.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.06% | — | — |
Current DrawdownCurrent decline from peak | -41.53% | -1.39% | -40.14% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -3.56% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.75% | 1.33% | +20.42% |
Volatility
SCM vs. CLSE - Volatility Comparison
Stellus Capital Investment Corporation (SCM) has a higher volatility of 8.80% compared to Convergence Long/Short Equity ETF (CLSE) at 4.24%. This indicates that SCM'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
| SCM | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 4.24% | +4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 10.49% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.07% | 13.62% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 13.91% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.84% | 13.91% | +22.93% |
Dividends
SCM vs. CLSE - Dividend Comparison
SCM's dividend yield for the trailing twelve months is around 18.86%, 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% |
SCM Stellus Capital Investment Corporation | 18.86% | 12.62% | 11.62% | 12.45% | 8.14% | 8.29% | 10.57% | 9.55% | 10.50% | 10.35% | 11.27% | 14.10% |
Frequently Asked Questions
SCM and CLSE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCM has higher volatility (8.80%) compared to CLSE (4.24%). In terms of maximum drawdown, SCM dropped -66.06% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.47 vs -1.33), 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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