WTIP vs. CLSE

Last updated Jun 4, 2026

WTIP (WisdomTree Inflation Plus Fund) and CLSE (Convergence Long/Short Equity ETF) are both Long-Short funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. WTIP charges 0.65%/yr vs 1.56%/yr for CLSE.

Performance

WTIP vs. CLSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inflation Plus Fund (WTIP) and Convergence Long/Short Equity ETF (CLSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTIP achieves a 14.34% return, which is significantly lower than CLSE's 25.76% return.

WTIP

• 1D: -0.67%
• 1M: -3.73%
• YTD: 14.34%
• 6M: 16.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLSE

• 1D: 0.35%
• 1M: 9.28%
• YTD: 25.76%
• 6M: 28.57%
• 1Y: 50.91%
• 3Y*: 32.39%
• 5Y*: —
• 10Y*: —

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

WTIP vs. CLSE - Yearly Performance Comparison

	2026 (YTD)	2025
WTIP WisdomTree Inflation Plus Fund	14.34%	14.00%
CLSE Convergence Long/Short Equity ETF	25.76%	19.56%

Correlation

The correlation between WTIP and CLSE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.13

Return for Risk

WTIP vs. CLSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLSE

CLSE Risk / Return Rank: 95
CLSE Sharpe Ratio Rank: 95
CLSE Sortino Ratio Rank: 95
CLSE Omega Ratio Rank: 93
CLSE Calmar Ratio Rank: 97
CLSE Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTIP vs. CLSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) 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.

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

Sharpe Ratios by Period

	WTIP	CLSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.89	1.59	+0.29

Drawdowns

WTIP vs. CLSE - Drawdown Comparison

The maximum WTIP drawdown since its inception was -8.35%, smaller than the maximum CLSE drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for WTIP and CLSE.

Drawdown Indicators

	WTIP	CLSE	Difference
Max Drawdown Largest peak-to-trough decline	-8.35%	-16.45%	+8.10%
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	-8.35%	0.00%	-8.35%
Average Drawdown Average peak-to-trough decline	-1.39%	-3.59%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.29%	—

Volatility

Volatility by Period

	WTIP	CLSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	13.32%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	13.88%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	13.88%	+3.17%

WTIP vs. CLSE - Expense Ratio Comparison

WTIP has a 0.65% expense ratio, which is lower than CLSE's 1.56% expense ratio.

Dividends

WTIP vs. CLSE - Dividend Comparison

WTIP's dividend yield for the trailing twelve months is around 2.80%, more than CLSE's 0.76% yield.

Position	TTM	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	0.76%	0.95%	0.93%	1.21%	0.85%
WTIP WisdomTree Inflation Plus Fund	2.80%	1.59%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTIP and CLSE in my portfolio?

WTIP and CLSE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTIP or CLSE?

On fees, WTIP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTIP or CLSE?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.56% for CLSE.

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

WTIP has the higher dividend yield at 2.80%, compared with 0.76% for CLSE.

What is the main difference between WTIP and CLSE?

They also come from different issuers: WisdomTree and Convergence Investment Partners. Their fees differ too: 0.65% for WTIP and 1.56% for CLSE.