CLSE vs. ATTR

Last updated Jun 4, 2026

CLSE (Convergence Long/Short Equity ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. CLSE charges 1.56%/yr vs 0.63%/yr for ATTR.

Performance

CLSE vs. ATTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Convergence Long/Short Equity ETF (CLSE) and Arin Tactical Tail Risk ETF (ATTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLSE achieves a 25.76% return, which is significantly higher than ATTR's 4.25% return.

CLSE

• 1D: 0.35%
• 1M: 9.28%
• YTD: 25.76%
• 6M: 28.57%
• 1Y: 50.91%
• 3Y*: 32.39%
• 5Y*: —
• 10Y*: —

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLSE vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
CLSE Convergence Long/Short Equity ETF	25.76%	3.35%
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%

Correlation

The correlation between CLSE and ATTR is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.62

Return for Risk

CLSE vs. ATTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLSE

CLSE Risk / Return Rank: 95
CLSE Sharpe Ratio Rank: 95
CLSE Sortino Ratio Rank: 95
CLSE Omega Ratio Rank: 93
CLSE Calmar Ratio Rank: 97
CLSE Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLSE vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Arin Tactical Tail Risk ETF (ATTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CLSE	ATTR	Difference
Sharpe ratio Return per unit of total volatility	3.84	—	—
Sortino ratio Return per unit of downside risk	5.20	—	—
Omega ratio Gain probability vs. loss probability	1.67	—	—
Calmar ratio Return relative to maximum drawdown	10.55	—	—
Martin ratio Return relative to average drawdown	39.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CLSE	ATTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	2.81	-1.22

Drawdowns

CLSE vs. ATTR - Drawdown Comparison

The maximum CLSE drawdown since its inception was -16.45%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for CLSE and ATTR.

Drawdown Indicators

	CLSE	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-16.45%	-1.76%	-14.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.45%	—	—
Current Drawdown Current decline from peak	0.00%	-0.19%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.59%	-0.18%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	—	—

Volatility

Volatility by Period

	CLSE	ATTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	2.97%	+10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	2.97%	+10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	2.97%	+10.91%

CLSE vs. ATTR - Expense Ratio Comparison

CLSE has a 1.56% expense ratio, which is higher than ATTR's 0.63% expense ratio.

Dividends

CLSE vs. ATTR - Dividend Comparison

CLSE's dividend yield for the trailing twelve months is around 0.76%, while ATTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%
CLSE Convergence Long/Short Equity ETF	0.76%	0.95%	0.93%	1.21%	0.85%

Frequently Asked Questions

Can I hold both CLSE and ATTR in my portfolio?

CLSE and ATTR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSE or ATTR?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSE or ATTR?

ATTR is cheaper with a 0.63% expense ratio, compared with 1.56% for CLSE.

Which ETF pays a higher dividend yield, CLSE or ATTR?

CLSE has the higher dividend yield at 0.76%, compared with 0.00% for ATTR.

What is the main difference between CLSE and ATTR?

They also come from different issuers: Convergence Investment Partners and Arin Risk Advisors. Their fees differ too: 1.56% for CLSE and 0.63% for ATTR.