PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Convergence Long/Short Equity ETF (CLSE) Sharpe Ratio: 3.56

ETF · Currency in USD · Last updated Jun 24, 2026

The Convergence Long/Short Equity ETF is an actively managed U.S. equity strategy that combines long positions in companies considered attractive with short positions in companies considered unattractive using fundamental and quantitative analysis.

CLSE's Sharpe Ratio of 3.56 indicates that for each unit of volatility, it generates 3.56 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

CLSE Sharpe Ratio Rank

CLSE Sharpe Ratio Rank: 94.995
Exceptional

CLSE ranks above 94.9% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

CLSE Sharpe Ratio Market Positioning

The chart shows CLSE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.98+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Convergence Long/Short Equity ETF's Sharpe Ratio with other ETFs in the Long-Short, Actively Managed category across multiple time periods, showing how CLSE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CLSEConvergence Long/Short Equity ETF3.56
CEFSSaba Closed-End Funds ETF2.57
BVALBluemonte Large Cap Value ETF2.38
QAIIQ Hedge Multi-Strategy Tracker ETF2.31
HDGProShares Hedge Replication2.14
AVIVAvantis International Large Cap Value ETF2.14
HTUSHull Tactical US ETF2.02
RSSTReturn Stacked U.S. Stocks & Managed Futures ETF1.98
CSMProshares Large Cap Core Plus1.97
HEQTSimplify Hedged Equity ETF1.97

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows CLSE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CLSE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does CLSE fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio