# CLSE (Convergence Long/Short Equity ETF)

Convergence · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, CLSE fell 37% as much as the index.

## Key facts

- CLSE, correlation with the S&P 500: +0.63, as of Sep 18, 2026.
- CLSE, beta to the S&P 500: +0.64, as of Sep 18, 2026.
- CLSE, down-week capture: 36.5%, as of Sep 18, 2026.
- CLSE, against T-bills, 52 weeks: +29.5 pts, as of Sep 18, 2026.
- CLSE, net assets: $614m (SEC N-PORT, whole fund, as filed for May 31, 2026).
- CLSE, expense ratio: 1.52% (485BPOS XBRL, Mar 26, 2026).

## CLSE over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +0.8% | +2.3% | −1.4 pts |
| 6 months | +23.0% | +18.0% | +5.0 pts |
| 1 year | +33.9% | +16.6% | +17.4 pts |
| 3 years | +118.0% | +78.4% | +39.6 pts |
| Since it listed | +134.6% | +88.9% | +45.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | Convergence | ETFIQ |
| Strategy | Long-short equity | ETFIQ, from its prospectus |
| Expense ratio | 1.52% | 485BPOS XBRL, Mar 26, 2026 |
| Net assets | $614m | SEC N-PORT, whole fund, as filed for May 31, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| CLSE in those weeks, on average | −0.45% | ETFIQ |
| CLSE total return over those weeks | +33.1% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Feb 22, 2022 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does CLSE move with the S&P 500?

Over the year to Sep 18, 2026, CLSE’s weekly returns had a correlation of +0.63 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.64, so for each 1% the index moved it moved about 0.64% the same way.

### What did CLSE do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks CLSE fell 0.45% on average, a down-week capture of 36.5%.

### Did CLSE earn more than cash?

Over the same 52 weeks CLSE returned +33.1% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. CLSE finished 29.5 percentage points ahead of it.

### What does CLSE cost?

The prospectus expense ratio is 1.52% a year.

### Why is CLSE listed as long-short equity?

ETFIQ files each fund by what its own prospectus says it does, and CLSE’s, filed Mar 26, 2026, describes a long-short equity fund.


## Cite this page

ETFIQ, CLSE, data as of Sep 18, 2026. https://etfiq.com/funds/clse
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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