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 -6.17%/yr vs 29.19%/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 -28.97% return, which is significantly lower than CLSE's 23.64% return.
SCM
- 1D
- 0.60%
- 1M
- -3.27%
- 6M
- -32.99%
- YTD
- -28.97%
- 1Y
- -37.35%
- 3Y*
- -6.17%
- 5Y*
- 2.58%
- 10Y*
- 8.22%
CLSE
- 1D
- -0.85%
- 1M
- -1.26%
- 6M
- 21.59%
- YTD
- 23.64%
- 1Y
- 45.61%
- 3Y*
- 29.19%
- 5Y*
- —
- 10Y*
- —
SCM vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCM Stellus Capital Investment Corporation | -28.97% | 3.74% | 20.35% | 8.71% | 4.35% |
CLSE Convergence Long/Short Equity ETF | 23.64% | 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 | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -6.55 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.57 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 9.45 | -10.35 |
| Martin ratioReturn relative to average drawdown | -1.58 | 33.01 | -34.60 |
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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 | -37.40% | -1.92% | -35.48% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -3.54% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.65% | 1.39% | +22.26% |
Volatility
SCM vs. CLSE - Volatility Comparison
Stellus Capital Investment Corporation (SCM) has a higher volatility of 9.79% compared to Convergence Long/Short Equity ETF (CLSE) at 3.41%. 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 | 9.79% | 3.41% | +6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 22.95% | 10.78% | +12.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 13.74% | +13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.41% | 13.89% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.88% | 13.89% | +22.99% |
Dividends
SCM vs. CLSE - Dividend Comparison
SCM's dividend yield for the trailing twelve months is around 17.61%, 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 | 17.61% | 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 (9.79%) compared to CLSE (3.41%). In terms of maximum drawdown, SCM dropped -66.06% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.34 vs -1.40), 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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