SPEDX vs. CLSE

In the year-to-date period, SPEDX achieves a -4.02% return, which is significantly higher than CLSE's -5.94% return.

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SPEDX has a 0.91% expense ratio, which is lower than CLSE's 1.56% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) 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.

The current SPEDX Sharpe Ratio is 0.79, which is higher than the CLSE Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of SPEDX and CLSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SPEDX has not paid dividends to shareholders, while CLSE's dividend yield for the trailing twelve months is around 0.98%.

The maximum SPEDX drawdown since its inception was -32.93%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for SPEDX and CLSE. For additional features, visit the drawdowns tool.

The current volatility for Alger Dynamic Opportunities Fund (SPEDX) is 3.23%, while Convergence Long/Short Equity ETF (CLSE) has a volatility of 8.14%. This indicates that SPEDX 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.