Convergence Long/Short Equity ETF (CLSE) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CLSE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CLSE
CLSE charges 1.56% annually. There are 18 ETFs in the Long-Short category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Large Cap Core Plus | 0.45% | 524.02M | Jul 2009 | CLSE vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | CLSE vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | CLSE vs ATTR | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | 908.01M | Dec 2019 | CLSE vs FLSP | |
| WisdomTree Inflation Plus Fund | 0.65% | 23.76M | Jun 2025 | CLSE vs WTIP |
Best Risk-Adjusted Alternatives to CLSE
CLSE has a PortfoliosLab risk / return rank of 95. No ETFs in the Long-Short category have higher risk-adjusted ranks; the top alternatives shown here go as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| IQ Hedge Multi-Strategy Tracker ETF | 87 | 762.37M | Mar 2009 | CLSE vs QAI | |
| Hull Tactical US ETF | 81 | 137.43M | Jun 2015 | CLSE vs HTUS | |
| ProShares Hedge Replication | 76 | 21.57M | Jul 2011 | CLSE vs HDG | |
| Proshares Large Cap Core Plus | 74 | 524.02M | Jul 2009 | CLSE vs CSM | |
| Aptus International Enhanced Yield ETF | 66 | 372.15M | Jul 2021 | CLSE vs IDUB |
Top Performing CLSE Alternatives (YTD)
CLSE is at 25.32% YTD. There is 1 ETF in the Long-Short category with a higher YTD return, going as high as 25.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 25.99% | 15.30M | Dec 2023 | CLSE vs LSEQ | |
| Changebridge Capital Long/Short Equity ETF | 24.17% | 55.44M | Nov 2020 | CLSE vs CBLS | |
| Aptus International Enhanced Yield ETF | 17.21% | 372.15M | Jul 2021 | CLSE vs IDUB | |
| Rareview Systematic Equity ETF | 17.06% | 59.01M | Jan 2022 | CLSE vs RSEE | |
| Even Herd Long Short ETF | 15.92% | 62.82M | Apr 2024 | CLSE vs EHLS |
Lowest Volatility Alternatives to CLSE
CLSE has 13.34% 1-year volatility. There are 15 ETFs in the Long-Short category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | CLSE vs SENT | |
| Arin Tactical Tail Risk ETF | 2.98% | — | Oct 2025 | CLSE vs ATTR | |
| First Trust Merger Arbitrage ETF | 5.31% | 19.86M | Feb 2020 | CLSE vs MARB | |
| ProShares Hedge Replication | 5.62% | 21.57M | Jul 2011 | CLSE vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 5.97% | 762.37M | Mar 2009 | CLSE vs QAI |
Lowest Drawdown Alternatives to CLSE
CLSE has a 1-year max drawdown of -4.85%. There are 7 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | CLSE vs SENT | |
| First Trust Merger Arbitrage ETF | -2.43% | 19.86M | Feb 2020 | CLSE vs MARB | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | CLSE vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | CLSE vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.35B | Sep 2014 | CLSE vs FTLS |
Often Compared With CLSE
Investors most often compare CLSE with SPY, AGOX, DFND. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare CLSE with Any Fund or Stock
Compare CLSE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CLSE with funds that move differently
Convergence Long/Short Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CLSE.
Explore CLSE Diversifiers