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Convergence Long/Short Equity ETF

CLSE

Market cap $975M

32.37 USD

+0.34

1.06%

At close Updated Nov 12, 12:14 PM EST

1 day

1.06%

5 days

1.98%

1 month

-5.98%

3 months

-3.66%

6 months

-1.58%

Year to date

17.37%

1 year

19.27%

5 years

111.85%

10 years

111.85%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 50%

Neutral 50%

Negative 0%

CLSE: Performance Recap And Recent Portfolio Positioning Discussed

Convergence Long/Short Equity ETF has missed out on the month-over-month inflation trade, though it remains up by 23%+ year-to-date. Looking at its portfolio positions and its Q3 market commentary, the fund seems set up for going long/short in favour of earnings quality and momentum. Visible signs of bets against beta and management acknowledge interest rate risk. I think we'd likely see better downside management than expected.

CLSE: Performance Recap And Recent Portfolio Positioning Discussed

How Advisors Rebuilt Their ETF Lineups in Q2 2026

Advisors did not slow down on exchange-traded funds in the second quarter. They added more of them, and pointed the money somewhere new, according to AdvizorPro's Q2 2026 RIA ETF Trends report.

How Advisors Rebuilt Their ETF Lineups in Q2 2026

Why Now Is The Time For Momentum-Driven Long/Short EQ Strategies Like CLSE

The Convergence Long/Short Equity ETF (CLSE) combines quantitative and fundamental factors to run long and short positions across roughly 3,000 US equities. The fund's short book carries a much higher P/E and beta than its long book, targeting expensive, weaker names. CLSE has outperformed peers like FTLS, ORR and HFEQ on a risk-adjusted basis over the past five years.

Why Now Is The Time For Momentum-Driven Long/Short EQ Strategies Like CLSE

CLSE: Buy Rating Maintained As Masterful Maneuvers Reinforce Thesis

Convergence Long/Short Equity ETF has an active strategy designed to deliver “alpha from a net long portfolio.”. I maintain a Buy rating on CLSE, supported by its over 11% outperformance since the February note that proves the high adaptability of the strategy. Since conversion into an ETF, CLSE has delivered an annualized active return of 7.15% (with IWV selected as a benchmark), with a lower standard deviation.

CLSE: Buy Rating Maintained As Masterful Maneuvers Reinforce Thesis

Real Assets or Active ETFs? Where RIAs Allocate

Registered investment advisors did not pull back on exchange-traded funds in the first quarter of 2026. They kept adding them, according to AdvizorPro's Q1 2026 Quarterly RIA ETF Trends Report.

Real Assets or Active ETFs? Where RIAs Allocate

CLSE: Survives Yet Another Stress Test And Proceeds To Capture Upside

The Convergence Long/Short Equity ETF has delivered additional proof of tail risk mitigation without surrendering much upside capture this year. Modest drawdowns were experienced during March's sell-off, and index-level upside capture occurred in April. The vehicle's long exposure is currently at ~60%, its lower bound, and management communicated alignment in favour of value over momentum and broadening over narrowing post Q1.

CLSE: Survives Yet Another Stress Test And Proceeds To Capture Upside

CLSE: Impressive Performance Amid Capital Rotation Reinforces Buy Rating

The Convergence Long/Short Equity ETF is an actively managed vehicle that "seeks alpha from a net long portfolio." CLSE has outperformed the S&P 500 index since my November article. Since the beginning of 2026, it has outmaneuvered IVV and IWV as it has excellently positioned itself for capital rotation. Moreover, since conversion into an ETF, CLSE has beaten IWV by about 28.5%.

CLSE: Impressive Performance Amid Capital Rotation Reinforces Buy Rating

CLSE: Maintain Market Exposure While Softening 'Market Bubble' Risk

The Convergence Long/Short Equity ETF has illustrated an ability to generate beta-reduced alpha via a quantametal approach. An equity market portfolio could deliver additional gains in 2026 due to macro factors. However, AI bubble narrative and valuations add to crash risk. CLSE ETF can maintain market exposure while softening crash risk via its long-bias long/short strategy.

CLSE: Maintain Market Exposure While Softening 'Market Bubble' Risk

CLSE: Outperforming Long/Short ETF Remains A Buy

The Convergence Long/Short Equity ETF is a nontraditional equity ETF that "seeks to provide a greater return potential than traditional approaches while reducing risk." CLSE has outperformed the S&P 500 index since my June article, when I rated it a Buy. Since the beginning of the year, it has beaten IVV and IWV. Over March 2022–October 2025, CLSE delivered a 1.27x higher annualized return than IWV and captured just 43.7% of its downside.

CLSE: Outperforming Long/Short ETF Remains A Buy

CLSE: Scintillating Risk-Adjusted Returns Via A Long/Short Strategy

CLSE ETF offers a best-in-class long/short strategy, delivering strong risk-adjusted returns and consistent beta reduction, ideal for the current market environment. The fund's approach provides true diversification, focusing on idiosyncratic and sector-specific risk rather than broad market exposure, which is crucial in volatile markets. CLSE's impressive 3-year Sharpe Ratio of 1.21 and ten-year annualized double-digit returns support our bullish outlook.

CLSE: Scintillating Risk-Adjusted Returns Via A Long/Short Strategy

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