Active ETFs are managed by a portfolio manager or team of managers who actively select and adjust the holdings in the fund rather than tracking a particular index. This means that the fund's holdings are based on the manager's investment strategy and research rather than simply following the performance of a specific index.

Active ETFs may be used to achieve a specific investment objective, such as growth, income, or capital preservation. Active ETF managers use their expertise and judgment to identify and invest in securities they believe will perform well. They may also use investment strategies such as short selling, derivatives, or leverage to achieve their investment objectives.

Actively Managed

The Convergence Long/Short Equity ETF is an actively managed U.S. equity strategy that combines long positions in companies considered attractive with short positions in companies considered unattractive using fundamental and quantitative analysis.

Cboe US

CLSE

The actively managed fund-of-funds seeks high current income and capital appreciation by investing primarily in closed-end funds, often targeting discounts to net asset value, while using derivatives to manage interest-rate and other portfolio risks.

CEFS

NYSEArca

BVAL

The Avantis International Large Cap Value ETF is an actively managed equity fund emphasizing large non-U.S. companies with lower valuations and higher profitability characteristics.

AVIV

The actively managed ETF seeks long-term capital appreciation through a broadly diversified portfolio of non-U.S. developed and emerging-market equities, with systematic tilts toward smaller-cap, lower relative price, and higher profitability stocks.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
CLSE	Convergence Long/Short Equity ETF	3.47	—	—	96
CEFS	Saba Closed-End Funds ETF	2.41	1.06	—	85
BVAL	Bluemonte Large Cap Value ETF	2.26	—	—	81
AVIV	Avantis International Large Cap Value ETF	1.98	—	—	66
DFAX	Dimensional World ex US Core Equity 2 ETF	1.87	—	—	63

Top Actively Managed ETFs by Sharpe Ratio

Top Actively Managed ETFs by Sharpe Ratio