CLSE — Convergence Long/Short Equity ETF
Convergence Long/Short Equity ETF (CLSE)
CLSE pays a 0.77% distribution rate, annual, on a 1.52% expense ratio. Its Distribution Safety Score™ is 50 (Caution). Total return is 134.5% over the past 4.5 years, 44.5 points ahead of SPY at 90.0%. Its deepest 1-year drawdown was 4.8%.
Convergence Long/Short Equity ETF is an actively managed fund that seeks long-term capital appreciation by holding long positions in undervalued U.S. equities while simultaneously shorting stocks expected to underperform, maintaining a net long exposure of approximately 50% to 100%. The fund carries a modest current distribution rate with annual distributions and has an expense ratio of 1.52%. It appeals to investors seeking equity exposure with a hedging component that aims to reduce downside risk while maintaining upside participation.
CLSE key facts
- Distribution Safety Score™
- 50 · Caution
- Issuer
- Convergence
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/29/2009
- Expense ratio
- 1.52%
- Distribution rate
- 0.77%
- Distribution frequency
- Annual
- Trailing yield
- 0.77%
- Last close
- $33.83
- AUM
- $876,084,635
- Average volume
- 278942.0
- Last dividend
- $0.2600
- Ex-dividend date
- 12/15/2025
- Payment date
- 12/16/2025
- Beta
- 0.73
- P/E ratio
- 20.5985
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| Popular | Logo | Tickers | Name | Issuer | Asset Type | Dist. Frequency | AUM | Price | Avg Volume | Inception Date | Expense Ratio | Dist. Rate | Distribution Safety Score™ | Safety-Adjusted Yield | Payout Stability | Alpha | Vs SPY | Vs QQQ | TR 1M | TR 3M | TR 6M | TR YTD | TR 1Y | TR 2Y | TR 3Y | TR 5Y | TR 10Y | TR Max | Hide row |
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Alpha Rankings
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