Which returned more over the last year, CLSE or GLD?

In the year to Sep 19, 2026, with distributions reinvested, CLSE returned +33.9% and GLD returned +19.5%, so CLSE returned more.

Which is cheaper, CLSE or GLD?

CLSE charges 1.52% a year and GLD charges 0.40%, so GLD is cheaper. Fees come from each fund's prospectus.

Are CLSE and GLD the same kind of fund?

No. CLSE is an alternatives ETF and GLD is a commodity ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

CLSE vs GLD: how they differ

Over the year CLSE returned more, +33.9% to GLD's +19.5%, and GLD charges 0.40% to CLSE's 1.52%.

Convergence Long/Short Equity ETF and SPDR Gold Shares.

CLSE and GLD on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	CLSE Convergence Long/Short Equity ETF	GLD SPDR Gold Shares
Where it sits	Alternatives ETF	Core fund
Issuer	Convergence	State Street
What it is	Long-short equity	Holds gold
Total return, 1 year	+33.9%	+19.5%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	+17.4 pts	+3.0 pts
Expense ratio	1.52%	0.40%
Net assets	$614m	$147.8bn

CLSE in plain words

CLSE is a long-short equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.63 with the S&P 500’s and a beta of +0.64, so for each 1% the index moved it moved about 0.64% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks CLSE fell 0.45% on average, a down-week capture of 36.5%. Over the same 52 weeks CLSE returned +33.1% and a Treasury bill fund +3.6%, so it finished 29.5 percentage points ahead of cash.

GLD in plain words

GLD holds gold. Over the year to Sep 18, 2026 it returned +19.5% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.40% a year. It sat 19.1% below its high of Jan 29, 2026 on Sep 18, 2026.

Questions people ask

Which returned more over the last year, CLSE or GLD?: In the year to Sep 19, 2026, with distributions reinvested, CLSE returned +33.9% and GLD returned +19.5%, so CLSE returned more.
Which is cheaper, CLSE or GLD?: CLSE charges 1.52% a year and GLD charges 0.40%, so GLD is cheaper. Fees come from each fund's prospectus.
Are CLSE and GLD the same kind of fund?: No. CLSE is an alternatives ETF and GLD is a commodity ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Other comparisons

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

CLSE against GLD, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CLSE against GLD, data as of Sep 19, 2026. https://etfiq.com/compare/any/clse-vs-gld Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources