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Convergence Long/Short Equity ETF (CLSE)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US89834G7604

CUSIP

89834G760

Issuer

Convergence Investment Partners

Inception Date

Feb 22, 2022

Region

North America (U.S.)

Category

Long-Short

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Alternatives

Expense Ratio

CLSE has a high expense ratio of 1.56%, indicating higher-than-average management fees.


Expense ratio chart for CLSE: current value at 1.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.56%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
CLSE vs. FTLS CLSE vs. SPY CLSE vs. QAI CLSE vs. DFND CLSE vs. ADME CLSE vs. AGOX CLSE vs. HTUS CLSE vs. GBTC CLSE vs. SVXY CLSE vs. SCHG
Popular comparisons:
CLSE vs. FTLS CLSE vs. SPY CLSE vs. QAI CLSE vs. DFND CLSE vs. ADME CLSE vs. AGOX CLSE vs. HTUS CLSE vs. GBTC CLSE vs. SVXY CLSE vs. SCHG

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.


-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
8.59%
8.53%
CLSE (Convergence Long/Short Equity ETF)
Benchmark (^GSPC)

Returns By Period

Convergence Long/Short Equity ETF had a return of 36.96% year-to-date (YTD) and 36.04% in the last 12 months.


CLSE

YTD

36.96%

1M

-1.31%

6M

8.59%

1Y

36.04%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of CLSE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20245.36%9.13%4.23%-1.91%4.29%2.53%-1.49%2.70%2.67%1.53%4.16%36.96%
2023-1.21%1.33%3.11%-1.16%0.29%5.22%1.67%1.34%-0.66%0.22%5.06%1.31%17.53%
20222.77%2.55%-2.10%1.56%-8.12%3.95%-3.20%-4.62%7.68%3.35%-3.98%-1.26%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, CLSE is among the top 6% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of CLSE is 9494
Overall Rank
The Sharpe Ratio Rank of CLSE is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of CLSE is 9595
Sortino Ratio Rank
The Omega Ratio Rank of CLSE is 9191
Omega Ratio Rank
The Calmar Ratio Rank of CLSE is 9696
Calmar Ratio Rank
The Martin Ratio Rank of CLSE is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for CLSE, currently valued at 2.74, compared to the broader market0.002.004.002.742.10
The chart of Sortino ratio for CLSE, currently valued at 3.72, compared to the broader market-2.000.002.004.006.008.0010.003.722.80
The chart of Omega ratio for CLSE, currently valued at 1.48, compared to the broader market0.501.001.502.002.503.001.481.39
The chart of Calmar ratio for CLSE, currently valued at 4.91, compared to the broader market0.005.0010.0015.004.913.09
The chart of Martin ratio for CLSE, currently valued at 18.90, compared to the broader market0.0020.0040.0060.0080.00100.0018.9013.49
CLSE
^GSPC

The current Convergence Long/Short Equity ETF Sharpe ratio is 2.74. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Convergence Long/Short Equity ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.74
2.10
CLSE (Convergence Long/Short Equity ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Convergence Long/Short Equity ETF provided a 0.92% dividend yield over the last twelve months, with an annual payout of $0.21 per share.


0.90%1.00%1.10%1.20%$0.00$0.05$0.10$0.15$0.2020222023
Dividends
Dividend Yield
PeriodTTM20232022
Dividend$0.21$0.21$0.13

Dividend yield

0.92%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.21$0.21
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$0.21
2022$0.13$0.13

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.12%
-2.62%
CLSE (Convergence Long/Short Equity ETF)
Benchmark (^GSPC)

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 3.12%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.28%Apr 21, 2022113Sep 30, 2022197Jul 17, 2023310
-7.41%Jul 11, 202418Aug 5, 202432Sep 19, 202450
-4.78%Oct 12, 202311Oct 26, 202310Nov 9, 202321
-4.66%Apr 8, 202410Apr 19, 202413May 8, 202423
-4.2%Dec 9, 20248Dec 18, 2024

Volatility

Volatility Chart

The current Convergence Long/Short Equity ETF volatility is 5.48%, 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.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.48%
3.79%
CLSE (Convergence Long/Short Equity ETF)
Benchmark (^GSPC)
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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