Convergence Long/Short Equity ETF (CLSE)
CLSE is an actively managed ETF by Convergence Investment Partners. CLSE launched on Feb 22, 2022 and has a 1.56% expense ratio.
ETF Info
| ISIN | US89834G7604 |
|---|---|
| CUSIP | 89834G760 |
| Issuer | Convergence Investment Partners |
| Inception Date | Feb 22, 2022 |
| Region | North America (U.S.) |
| Category | Long-Short |
| Index Tracked | No Index (Active) |
| Asset Class | Alternatives |
Expense Ratio
The Convergence Long/Short Equity ETF has a high expense ratio of 1.56%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Convergence Long/Short Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Convergence Long/Short Equity ETF had a return of 18.21% year-to-date (YTD) and 34.19% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 18.21% | 5.29% |
| 1 month | 0.26% | -2.47% |
| 6 months | 23.87% | 16.40% |
| 1 year | 34.19% | 20.88% |
| 5 years (annualized) | N/A | 11.60% |
| 10 years (annualized) | N/A | 10.43% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.36% | 9.13% | 4.23% | |||||||||
| 2023 | -0.66% | 0.22% | 5.06% | 1.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Convergence Long/Short Equity ETF(CLSE)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Convergence Long/Short Equity ETF granted a 1.02% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.21 | $0.21 | $0.13 |
Dividend yield | 1.02% | 1.21% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Convergence Long/Short Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2022 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Convergence Long/Short Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Convergence Long/Short Equity ETF was 14.28%, occurring on Sep 30, 2022. Recovery took 197 trading sessions.
The current Convergence Long/Short Equity ETF drawdown is 3.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.28% | Apr 21, 2022 | 113 | Sep 30, 2022 | 197 | Jul 17, 2023 | 310 |
| -4.78% | Oct 12, 2023 | 11 | Oct 26, 2023 | 10 | Nov 9, 2023 | 21 |
| -3.66% | Mar 28, 2022 | 7 | Apr 5, 2022 | 10 | Apr 20, 2022 | 17 |
| -3.56% | Mar 4, 2022 | 3 | Mar 8, 2022 | 5 | Mar 15, 2022 | 8 |
| -3.36% | Jul 19, 2023 | 23 | Aug 18, 2023 | 9 | Aug 31, 2023 | 32 |
Volatility
Volatility Chart
The current Convergence Long/Short Equity ETF volatility is 3.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.