Convergence Long/Short Equity ETF (CLSE) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to CLSE

CLSE charges 1.56% annually. Among ETFs in the Long-Short category, these options have the lowest expense ratios among CLSE alternatives.

Symbol	Name	Expense Ratio	Inception
CSM	Proshares Large Cap Core Plus	0.45%	Jul 13, 2009	CLSE vs CSM
IDUB	Aptus International Enhanced Yield ETF	0.45%	Jul 22, 2021	CLSE vs IDUB
CLIX	ProShares Long Online/Short Stores ETF	0.65%	Nov 14, 2017	CLSE vs CLIX
WTIP	WisdomTree Inflation Plus Fund	0.65%	Jun 18, 2025	CLSE vs WTIP
FLSP	Franklin Liberty Systematic Style Premia ETF	0.65%	Dec 18, 2019	CLSE vs FLSP

Best Risk-Adjusted Alternatives to CLSE

Among ETFs in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ORR	Militia Long/Short Equity ETF	92	Jan 14, 2025	CLSE vs ORR
MARB	First Trust Merger Arbitrage ETF	84	Feb 4, 2020	CLSE vs MARB
EVNT	AltShares Event-Driven ETF	83	Dec 31, 2014	CLSE vs EVNT
QAI	IQ Hedge Multi-Strategy Tracker ETF	80	Mar 25, 2009	CLSE vs QAI
IDUB	Aptus International Enhanced Yield ETF	79	Jul 22, 2021	CLSE vs IDUB

Top Performing CLSE Alternatives (YTD)

CLSE alternatives from the Long-Short category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
LSEQ	Harbor Long-Short Equity ETF	20.53%	Dec 4, 2023	CLSE vs LSEQ
LBAY	Leatherback Long/Short Alternative Yield ETF	15.90%	Nov 16, 2020	CLSE vs LBAY
WTIP	WisdomTree Inflation Plus Fund	12.54%	Jun 18, 2025	CLSE vs WTIP
KMLM	KFA Mount Lucas Index Strategy ETF	8.67%	Dec 2, 2020	CLSE vs KMLM
ORR	Militia Long/Short Equity ETF	6.70%	Jan 14, 2025	CLSE vs ORR

Lowest Volatility Alternatives to CLSE

CLSE alternatives from the Long-Short category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
MARB	First Trust Merger Arbitrage ETF	5.36%	Feb 4, 2020	CLSE vs MARB
HDG	ProShares Hedge Replication	6.90%	Jul 12, 2011	CLSE vs HDG
QAI	IQ Hedge Multi-Strategy Tracker ETF	7.55%	Mar 25, 2009	CLSE vs QAI
FFLS	The Future Fund Long/Short ETF	9.24%	Jun 20, 2023	CLSE vs FFLS
KMLM	KFA Mount Lucas Index Strategy ETF	9.84%	Dec 2, 2020	CLSE vs KMLM

Lowest Drawdown Alternatives to CLSE

CLSE alternatives from the Long-Short category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
MARB	First Trust Merger Arbitrage ETF	-2.43%	Feb 4, 2020	CLSE vs MARB
EVNT	AltShares Event-Driven ETF	-4.84%	Dec 31, 2014	CLSE vs EVNT
HDG	ProShares Hedge Replication	-4.85%	Jul 12, 2011	CLSE vs HDG
QAI	IQ Hedge Multi-Strategy Tracker ETF	-5.43%	Mar 25, 2009	CLSE vs QAI
EMPB	Efficient Market Portfolio Plus ETF	-5.98%	Dec 11, 2024	CLSE vs EMPB

Often Compared With CLSE

What investors most often compare with CLSE, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FTLS	First Trust Long/Short Equity ETF	Long-Short, Actively Managed	68	-0.80%	Sep 9, 2014	CLSE vs FTLS
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	CLSE vs SPY
HTUS	Hull Tactical US ETF	Long-Short, Actively Managed	55	-3.85%	Jun 25, 2015	CLSE vs HTUS
AGOX	Adaptive Alpha Opportunities ETF	Tactical Allocation, Actively Managed	34	-6.79%	Sep 20, 2012	CLSE vs AGOX
ADME	Aptus Drawdown Managed Equity ETF	Hedge Fund	52	-3.52%	Jun 8, 2016	CLSE vs ADME
DFND	Siren DIVCON Dividend Defender ETF	Large Cap Blend Equities, Dividend	22	0.00%	Jan 14, 2016	CLSE vs DFND
NLSIX	Neuberger Berman Long Short Fund	Long-Short	22	-3.63%	Dec 28, 2011	CLSE vs NLSIX
WEIX	Dynamic Shares Trust - Dynamic Short Short-Term Vo...	Volatility	—	—	Jan 13, 2022	CLSE vs WEIX
CBLS	Changebridge Capital Long/Short Equity ETF	Long-Short, Actively Managed	42	4.37%	Nov 13, 2020	CLSE vs CBLS
ATMP	Barclays ETN+ Select MLP ETN	MLPs	50	21.01%	Mar 13, 2013	CLSE vs ATMP
DMBS	Doubleline Etf Trust - Mortgage ETF	Intermediate Core Bond	66	0.28%	Mar 31, 2023	CLSE vs DMBS
SVXY	ProShares Short VIX Short-Term Futures ETF	Leveraged, Volatility	13	-17.30%	Oct 3, 2011	CLSE vs SVXY
BPLEX	Boston Partners Long/Short Equity Fund	Long-Short	93	0.57%	Nov 16, 1998	CLSE vs BPLEX
GBTC	Grayscale Bitcoin Trust (BTC)		25	-22.82%	—	CLSE vs GBTC
SPEDX	Alger Dynamic Opportunities Fund	Long-Short	13	-7.22%	Nov 1, 2009	CLSE vs SPEDX
VAMO	Cambria Value and Momentum ETF	Equity Hedged, Actively Managed	92	4.13%	Sep 8, 2015	CLSE vs VAMO
SCHG	Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	46	-10.59%	Dec 11, 2009	CLSE vs SCHG
EHLS	Even Herd Long Short ETF	Long-Short	72	6.23%	Apr 1, 2024	CLSE vs EHLS
PHDG	Invesco S&P 500 Downside Hedged ETF	Equity Hedged, S&P 500	30	1.32%	Dec 6, 2012	CLSE vs PHDG
GGRW	Gabelli Growth Innovators ETF	Large Cap Growth Equities, Actively Managed	46	-7.73%	Feb 16, 2021	CLSE vs GGRW

Compare CLSE with Any Fund or Stock

Compare CLSE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Convergence Long/Short Equity ETF

Symbol name