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 1.52% annually. There are 21 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 1.61B | May 2026 | CLSE vs BFLX | |
| Proshares Large Cap Core Plus | 0.45% | 515.52M | Jul 2009 | CLSE vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 490.37M | Jul 2021 | CLSE vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | CLSE vs ATTR | |
| ProShares Long Online/Short Stores ETF | 0.65% | 7.48M | Nov 2017 | CLSE vs CLIX |
Best Risk-Adjusted Alternatives to CLSE
CLSE has a PortfoliosLab risk / return rank of 97. No ETFs in the Long-Short category have higher risk-adjusted ranks; the top alternatives shown here go as high as 84.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Hull Tactical US ETF | 84 | 137.43M | Jun 2015 | CLSE vs HTUS | |
| NYLI Hedge Multi-Strategy Tracker ETF | 83 | 1.02B | Mar 2009 | CLSE vs QAI | |
| ProShares Hedge Replication | 83 | 22.00M | Jul 2011 | CLSE vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | 81 | 1.04B | Dec 2019 | CLSE vs FLSP | |
| Proshares Large Cap Core Plus | 80 | 515.52M | Jul 2009 | CLSE vs CSM |
Top Performing CLSE Alternatives (YTD)
CLSE is at 24.81% YTD. No ETFs in the Long-Short category have higher YTD returns; the top-performing alternatives shown here go as high as 19.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 19.52% | 15.30M | Dec 2023 | CLSE vs LSEQ | |
| Aptus International Enhanced Yield ETF | 15.77% | 490.37M | Jul 2021 | CLSE vs IDUB | |
| Militia Long/Short Equity ETF | 14.14% | 138.61M | Jan 2025 | CLSE vs ORR | |
| Efficient Market Portfolio Plus ETF | 14.07% | — | Dec 2024 | CLSE vs EMPB | |
| Hull Tactical US ETF | 12.44% | 137.43M | Jun 2015 | CLSE vs HTUS |
Lowest Volatility Alternatives to CLSE
CLSE has 13.71% 1-year volatility. There are 12 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.31% | — | Oct 2025 | CLSE vs ATTR | |
| ProShares Hedge Replication | 6.39% | 22.00M | Jul 2011 | CLSE vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.67% | 106.80M | Sep 2025 | CLSE vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.88% | 1.02B | Mar 2009 | CLSE vs QAI | |
| AltShares Event-Driven ETF | 7.54% | 8.62M | Dec 2014 | CLSE vs EVNT |
Lowest Drawdown Alternatives to CLSE
CLSE has a 1-year max drawdown of -4.85%. There are 5 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | CLSE vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 1.02B | Mar 2009 | CLSE vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.49B | Sep 2014 | CLSE vs FTLS | |
| ProShares Hedge Replication | -3.97% | 22.00M | Jul 2011 | CLSE vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | -4.03% | 1.04B | Dec 2019 | CLSE vs FLSP |
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