SULR vs. CLSE

Last updated Jul 10, 2026

SULR (SmartETFs Sustainable Energy II ETF) and CLSE (Convergence Long/Short Equity ETF) are both exchange-traded funds - SULR is a Actively Managed fund actively managed by Guinness Atkinson, while CLSE is a Long-Short fund actively managed by Convergence Investment Partners. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. SULR charges 0.79%/yr vs 1.52%/yr for CLSE.

Performance

SULR vs. CLSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Sustainable Energy II ETF (SULR) and Convergence Long/Short Equity ETF (CLSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SULR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLSE

• 1D: 0.62%
• 1M: 1.40%
• 6M: 23.31%
• YTD: 24.44%
• 1Y: 46.56%
• 3Y*: 30.92%
• 5Y*: —
• 10Y*: —

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

SULR vs. CLSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SULR SmartETFs Sustainable Energy II ETF	0.00%	0.00%	0.00%	-8.35%	1.28%
CLSE Convergence Long/Short Equity ETF	24.44%	20.44%	35.54%	17.54%	-4.38%

Correlation

The correlation between SULR and CLSE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022	0.29

The correlation between SULR and CLSE shifts across timeframes, from 0.14 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SULR vs. CLSE — Risk / Return Rank

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

SULR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CLSE

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

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.

SULR vs. CLSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Sustainable Energy II ETF (SULR) and Convergence Long/Short Equity ETF (CLSE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SULR	CLSE	Difference
Sharpe ratio: Return per unit of total volatility	—	3.40	—
Sortino ratio: Return per unit of downside risk	—	4.57	—
Omega ratio: Gain probability vs. loss probability	—	1.59	—
Calmar ratio: Return relative to maximum drawdown	—	9.65	—
Martin ratio: Return relative to average drawdown	—	33.96	—

Drawdowns

Drawdown Indicators

	SULR	CLSE	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.45%	—
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	—	-1.28%	—
Average Drawdown Average peak-to-trough decline	—	-3.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.38%	—

Volatility

Volatility by Period

	SULR	CLSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.75%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.91%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.91%	—

SULR vs. CLSE - Expense Ratio Comparison

SULR has a 0.79% expense ratio, which is lower than CLSE's 1.52% expense ratio.

Dividends

SULR vs. CLSE - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021
CLSE Convergence Long/Short Equity ETF	0.76%	0.95%	0.93%	1.21%	0.85%	0.00%
SULR SmartETFs Sustainable Energy II ETF	0.00%	0.00%	0.00%	0.46%	0.28%	2.62%

Frequently Asked Questions

Can I hold both SULR and CLSE in my portfolio?

SULR and CLSE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SULR or CLSE?

On fees, SULR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SULR or CLSE?

SULR is cheaper with a 0.79% expense ratio, compared with 1.52% for CLSE.

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

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

What is the main difference between SULR and CLSE?

SULR is categorized as Actively Managed, while CLSE is Long-Short. They also come from different issuers: Guinness Atkinson and Convergence Investment Partners. Their fees differ too: 0.79% for SULR and 1.52% for CLSE.