TTEK vs. CLSE
TTEK (Tetra Tech, Inc.) is a stock, while CLSE (Convergence Long/Short Equity ETF) is Long-Short fund actively managed by Convergence. Over the past 3 years, TTEK returned 1.16%/yr vs 30.40%/yr for CLSE. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
TTEK vs. CLSE - Performance Comparison
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Returns By Period
In the year-to-date period, TTEK achieves a 2.67% return, which is significantly lower than CLSE's 24.84% return.
TTEK
- 1D
- -2.11%
- 1M
- 10.08%
- 6M
- -15.43%
- YTD
- 2.67%
- 1Y
- -7.51%
- 3Y*
- 1.16%
- 5Y*
- 5.41%
- 10Y*
- 18.54%
- ALL TIME*
- 15.12%
CLSE
- 1D
- -0.44%
- 1M
- 1.91%
- 6M
- 22.51%
- YTD
- 24.84%
- 1Y
- 43.30%
- 3Y*
- 30.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.45M | $12.13M | $10.22M | |
TTEK Tetra Tech, Inc. | $117.93M | $93.91M | $104.33M |
TTEK vs. CLSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TTEK Tetra Tech, Inc. | 2.67% | -15.19% | 19.98% | 15.74% | -2.11% |
CLSE Convergence Long/Short Equity ETF | 24.84% | 20.44% | 35.54% | 17.54% | -4.38% |
Correlation
The correlation between TTEK and CLSE is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.27 |
Over the past year, the correlation between TTEK and CLSE has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
TTEK vs. CLSE — Risk / Return Rank
TTEK
CLSE
TTEK vs. CLSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tetra Tech, Inc. (TTEK) 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.
| TTEK | CLSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -4.41 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.55 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 8.97 | -9.17 |
| Martin ratioReturn relative to average drawdown | -0.38 | 30.21 | -30.59 |
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Drawdowns
TTEK vs. CLSE - Drawdown Comparison
The maximum TTEK drawdown since its inception was -77.89%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for TTEK and CLSE.
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Drawdown Indicators
| TTEK | CLSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.89% | -16.45% | -61.44% |
Max Drawdown (1Y)Largest decline over 1 year | -38.30% | -4.85% | -33.45% |
Max Drawdown (3Y)Largest decline over 3 years | -47.50% | -16.45% | -31.05% |
Max Drawdown (5Y)Largest decline over 5 years | -47.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | — | — |
Current DrawdownCurrent decline from peak | -31.24% | -0.96% | -30.28% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -3.51% | -17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.92% | 1.44% | +18.48% |
Volatility
TTEK vs. CLSE - Volatility Comparison
Tetra Tech, Inc. (TTEK) has a higher volatility of 9.97% compared to Convergence Long/Short Equity ETF (CLSE) at 2.82%. This indicates that TTEK'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
| TTEK | CLSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 2.82% | +7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 10.71% | +17.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 13.61% | +23.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.27% | 13.85% | +18.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.20% | 13.85% | +18.35% |
Dividends
TTEK vs. CLSE - Dividend Comparison
TTEK's dividend yield for the trailing twelve months is around 0.78%, more than CLSE's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 0.76% | 0.95% | 0.93% | 1.21% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TTEK Tetra Tech, Inc. | 0.78% | 0.75% | 0.57% | 0.61% | 0.61% | 0.45% | 0.57% | 0.66% | 0.89% | 0.81% | 0.81% | 1.19% |
Frequently Asked Questions
TTEK and CLSE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTEK has higher volatility (9.97%) compared to CLSE (2.82%). In terms of maximum drawdown, TTEK dropped -77.89% vs CLSE's -16.45%.
CLSE currently has the higher Sharpe Ratio (3.20 vs -0.20), 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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