WEIX vs. CLSE

Last updated Aug 1, 2026

WEIX (Dynamic Short Short-Term Volatility Futures ETF) and CLSE (Convergence Long/Short Equity ETF) are both exchange-traded funds - WEIX is a Volatility fund actively managed by Dynamic Shares, while CLSE is a Long-Short fund actively managed by Convergence. Both are actively managed. WEIX charges 0.50%/yr vs 1.52%/yr for CLSE.

Performance

WEIX vs. CLSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic Short Short-Term Volatility Futures ETF (WEIX) and Convergence Long/Short Equity ETF (CLSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WEIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CLSE

• 1D: 0.24%
• 1M: 2.19%
• 6M: 20.32%
• YTD: 24.37%
• 1Y: 44.25%
• 3Y*: 29.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLSE Convergence Long/Short Equity ETF	$15.17M	$11.74M	$9.80M

WEIX vs. CLSE - Yearly Performance Comparison

	2026 (YTD)
WEIX Dynamic Short Short-Term Volatility Futures ETF	0.00%
CLSE Convergence Long/Short Equity ETF	20.70%

Return for Risk

WEIX vs. CLSE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CLSE

CLSE Risk / Return Rank: 96
CLSE Sharpe Ratio Rank: 97
CLSE Sortino Ratio Rank: 96
CLSE Omega Ratio Rank: 95
CLSE Calmar Ratio Rank: 98
CLSE Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEIX vs. CLSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Short Short-Term Volatility Futures ETF (WEIX) 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.

	WEIX	CLSE	Difference
Sharpe ratio: Return per unit of total volatility	—	3.09	—
Sortino ratio: Return per unit of downside risk	—	4.23	—
Omega ratio: Gain probability vs. loss probability	—	1.53	—
Calmar ratio: Return relative to maximum drawdown	—	8.77	—
Martin ratio: Return relative to average drawdown	—	29.59	—

Drawdowns

Drawdown Indicators

	WEIX	CLSE	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.45%	—
Current Drawdown Current decline from peak	—	-1.34%	—
Average Drawdown Average peak-to-trough decline	—	-3.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.44%	—

Volatility

Volatility by Period

	WEIX	CLSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.86%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.86%	—

WEIX vs. CLSE - Expense Ratio Comparison

WEIX has a 0.50% expense ratio, which is lower than CLSE's 1.52% expense ratio.

Dividends

WEIX vs. CLSE - Dividend Comparison

WEIX has not paid dividends to shareholders, while CLSE's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	0.77%	0.95%	0.93%	1.21%	0.85%
WEIX Dynamic Short Short-Term Volatility Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, WEIX or CLSE?

On fees, WEIX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEIX or CLSE?

WEIX is cheaper with a 0.50% expense ratio, compared with 1.52% for CLSE.

Which ETF pays a higher dividend yield, WEIX or CLSE?

CLSE has the higher dividend yield at 0.77%, compared with 0.00% for WEIX.

What is the main difference between WEIX and CLSE?

WEIX is categorized as Volatility, while CLSE is Long-Short. They also come from different issuers: Dynamic Shares and Convergence. Their fees differ too: 0.50% for WEIX and 1.52% for CLSE.