CLSE vs. SENT

Last updated Jun 4, 2026

CLSE (Convergence Long/Short Equity ETF) and SENT (AdvisorShares Alpha DNA Equity Sentiment ETF) are both Long-Short funds. CLSE is actively managed, while SENT is passively managed. Over the past 3 years, CLSE returned 32.39%/yr vs -3.03%/yr for SENT. At a 0.34 correlation, their price movements are largely independent. CLSE charges 1.56%/yr vs 1.01%/yr for SENT.

Performance

CLSE vs. SENT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Convergence Long/Short Equity ETF (CLSE) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSE

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

SENT

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: -3.03%
• 5Y*: -4.30%
• 10Y*: —

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

CLSE vs. SENT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	25.76%	20.44%	35.54%	17.54%	-3.04%
SENT AdvisorShares Alpha DNA Equity Sentiment ETF	0.00%	0.00%	0.00%	-6.03%	-5.69%

Correlation

The correlation between CLSE and SENT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022	0.34

The correlation between CLSE and SENT shifts across timeframes, from 0.16 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.

CLSE vs. SENT - Sectors Allocation Comparison

Sectors	CLSE	SENT
Technology	33.2%	26.2%
Healthcare	6.5%	24.8%
Consumer Cyclical	6.2%	10.1%
Communication Services	6.1%	1.9%
Energy	2.7%	10.3%
Industrials	2.2%	14.6%
Utilities	1.7%	-
Real Estate	1.7%	-
Basic Materials	1.5%	3.0%
Consumer Defensive	0.9%	3.1%
Financial Services	-2.5%	6.1%

Return for Risk

CLSE vs. SENT — 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. SENT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT). 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	SENT	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	SENT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.84	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	-0.25	+1.84

Drawdowns

CLSE vs. SENT - Drawdown Comparison

The maximum CLSE drawdown since its inception was -16.45%, smaller than the maximum SENT drawdown of -30.34%. Use the drawdown chart below to compare losses from any high point for CLSE and SENT.

Drawdown Indicators

	CLSE	SENT	Difference
Max Drawdown Largest peak-to-trough decline	-16.45%	-30.34%	+13.89%
Max Drawdown (1Y) Largest decline over 1 year	-4.85%	0.00%	-4.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.45%	-15.83%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.34%	—
Current Drawdown Current decline from peak	0.00%	-27.23%	+27.23%
Average Drawdown Average peak-to-trough decline	-3.59%	-20.89%	+17.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	0.00%	+1.29%

Volatility

CLSE vs. SENT - Volatility Comparison

Convergence Long/Short Equity ETF (CLSE) has a higher volatility of 4.31% compared to AdvisorShares Alpha DNA Equity Sentiment ETF (SENT) at 0.00%. This indicates that CLSE's price experiences larger fluctuations and is considered to be riskier than SENT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLSE	SENT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	0.00%	+4.31%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	0.00%	+10.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	0.00%	+13.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	12.67%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	13.32%	+0.56%

CLSE vs. SENT - Expense Ratio Comparison

CLSE has a 1.56% expense ratio, which is higher than SENT's 1.01% expense ratio.

Dividends

CLSE vs. SENT - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
CLSE Convergence Long/Short Equity ETF	0.76%	0.95%	0.93%	1.21%	0.85%
SENT AdvisorShares Alpha DNA Equity Sentiment ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLSE and SENT in my portfolio?

CLSE and SENT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLSE or SENT?

CLSE has higher volatility (4.31%) compared to SENT (0.00%). In terms of maximum drawdown, CLSE dropped -16.45% vs SENT's -30.34%.

Which ETF is better, CLSE or SENT?

On 3-year performance, CLSE leads with 32.39% vs -3.03% for SENT. On fees, SENT is cheaper at 1.01% per year. On volatility, SENT has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLSE or SENT?

Over the 3-year period, CLSE has performed better with a 32.39% return vs -3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLSE or SENT?

SENT is cheaper with a 1.01% expense ratio, compared with 1.56% for CLSE.

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

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

What is the main difference between CLSE and SENT?

They also come from different issuers: Convergence Investment Partners and AdvisorShares. Their fees differ too: 1.56% for CLSE and 1.01% for SENT.