CLSE vs EFAX
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and STATE STREET(R) SPDR(R) MSCI EAFE FOSSIL FUEL RESERVES FREE ETF (EFAX, ETF).
CLSE vs EFAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CLSE
$487M
Winner
EFAX
$489M
Expense Ratio
CLSE
1.52%
Winner
EFAX
0.20%
Max Drawdown
Winner
CLSE
16.55%
EFAX
36.22%
Sharpe Ratio
Winner
CLSE
2.70
EFAX
0.79
5Y Beta
Winner
CLSE
0.65
EFAX
0.76
P/E Ratio
CLSE
19.25
EFAX
N/A
Forward P/E
CLSE
18.53
EFAX
N/A
5Y Dividends CAGR
CLSE
N/A
EFAX
15.30%
5Y EPS CAGR
CLSE
34.91%
EFAX
N/A
Debt to Equity
CLSE
7.74%
EFAX
N/A
P/S Ratio
CLSE
1.14
EFAX
N/A
P/B Ratio
CLSE
4.98
EFAX
N/A
CLSE vs EFAX - Holdings Comparison
CLSE and EFAX have 4 common holdings. Overlap is -0.84%
CLSE's top 25 holdings weight is 87.62%. EFAX's top 25 holdings weight is 26.31%.
| Rank | CLSE | EFAX |
|---|---|---|
| #1 | OTHER ASSETS AND LIABILITIES (n/a) - 39.01% | ASML HOLDING NV (n/a) - 3.11% |
| #2 | NVIDIA CORP (NVDA) - 4.79% | HSBC HOLDINGS PLC (n/a) - 1.59% |
| #3 | MICRON TECHNOLOGY INC (MU) - 3.50% | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.47% |
| #4 | LAM RESEARCH CORP (LRCX) - 3.19% | ASTRAZENECA PLC (AZN:XLON) - 1.45% |
| #5 | ADVANCED MICRO DEVICES INC (AMD) - 2.97% | NOVARTIS AG REGISTERED SHARES (n/a) - 1.42% |
| #6 | BROADCOM INC (AVGO) - 2.84% | NESTLE SA (n/a) - 1.29% |
| #7 | AMAZON.COM INC (AMZN) - 2.62% | SIEMENS AG (n/a) - 1.20% |
| #8 | ALPHABET INC CLASS C (GOOG) - 2.58% | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 1.08% |
| #9 | ALPHABET INC CLASS A (GOOGL) - 2.58% | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.98% |
| #10 | META PLATFORMS INC CLASS A (META) - 2.06% | BANCO SANTANDER SA (n/a) - 0.91% |
| #11 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.96% | SAP SE (n/a) - 0.91% |
| #12 | ROKU INC CLASS A (ROKU) - 1.85% | SOFTBANK GROUP CORP (n/a) - 0.91% |
| #13 | CISCO SYSTEMS INC (CSCO) - 1.64% | TOYOTA MOTOR CORP (n/a) - 0.89% |
| #14 | n/a (DELL) - 1.62% | SCHNEIDER ELECTRIC SE (n/a) - 0.86% |
| #15 | WESTERN DIGITAL CORP (WDC) - 1.50% | ALLIANZ SE (n/a) - 0.85% |
| #16 | AMKOR TECHNOLOGY INC (AMKR) - 1.48% | ABB LTD (n/a) - 0.84% |
| #17 | FORTINET INC (FTNT) - 1.43% | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.81% |
| #18 | JABIL INC (JBL) - 1.40% | UBS GROUP AG REGISTERED SHARES (n/a) - 0.75% |
| #19 | TERADYNE INC (TER) - 1.38% | IBERDROLA SA (n/a) - 0.74% |
| #20 | CIENA CORP (CIEN) - 1.29% | HITACHI LTD (n/a) - 0.72% |
| #21 | VERISIGN INC (VRSN) - 1.26% | NOVO NORDISK AS CLASS B (n/a) - 0.72% |
| #22 | UIPATH INC CLASS A (PATH) - 1.20% | ROLLS-ROYCE HOLDINGS PLC (n/a) - 0.71% |
| #23 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.20% | TOKYO ELECTRON LTD (n/a) - 0.71% |
| #24 | MICROSOFT CORP (MSFT) - 1.15% | BRITISH AMERICAN TOBACCO PLC (n/a) - 0.70% |
| #25 | TERADATA CORP (TDC) - 1.12% | SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 0.69% |
| Total Holdings | 347 | 668 |
CLSE vs EFAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CLSE
+5.01%
EFAX
+0.79%
3M
Winner
CLSE
+20.20%
EFAX
+3.21%
6M
Winner
CLSE
+24.62%
EFAX
+7.12%
1Y
Winner
CLSE
+48.25%
EFAX
+16.27%
5Y(CAGR)
Winner
CLSE
+21.28%
EFAX
+7.13%
10Y(CAGR)
CLSE
N/A
EFAX
+8.82%
Max(CAGR)
Winner
CLSE
+21.28%
EFAX
+8.82%
CLSE vs EFAX - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | EFAX |
|---|---|---|
| 2026 | +21.68% | +3.98% |
| 2025 | +19.81% | +31.59% |
| 2024 | +36.85% | +5.91% |
| 2023 | +17.91% | +17.25% |
| 2022 | -3.03% | -17.03% |
| 2021 | N/A | +10.20% |
| 2020 | N/A | +8.53% |
| 2019 | N/A | +24.13% |
| 2018 | N/A | -15.02% |
| 2017 | N/A | +23.82% |
| 2016 | N/A | +0.56% |
CLSE vs EFAX Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for EFAX was -32.53%, occurring on Mar 18, 2020. Recovery took 205 trading sessions.
The current CLSE drawdown is -2.36%. The current EFAX drawdown is -3.41%.
| Rank | CLSE | EFAX |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -32.53% Jan 17, 2020 - Nov 9, 2020 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -31.65% Sep 7, 2021 - Mar 6, 2024 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -22.34% Jan 24, 2018 - Jan 17, 2020 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -13.52% Mar 19, 2025 - Apr 28, 2025 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -12.38% Feb 25, 2026 - Mar 27, 2026 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -9.89% Sep 26, 2024 - Mar 5, 2025 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -7.72% Jul 12, 2024 - Aug 19, 2024 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -5.59% Mar 27, 2024 - May 14, 2024 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -5.54% Nov 12, 2025 - Dec 11, 2025 |
| #10 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -5.15% Jun 15, 2021 - Aug 13, 2021 |
| #11 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -4.67% Jul 23, 2025 - Aug 13, 2025 |
| #12 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -4.35% Feb 16, 2021 - Apr 5, 2021 |
| #13 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -4.26% Jan 8, 2021 - Feb 9, 2021 |
| #14 | -2.62% Nov 12, 2024 - Dec 6, 2024 | -4.08% Sep 15, 2017 - Jan 3, 2018 |
| #15 | -2.37% Dec 11, 2025 - Dec 19, 2025 | -3.83% Aug 30, 2024 - Sep 19, 2024 |
Correlation
Correlation between CLSE and EFAX is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2016 - 2026)
CLSE vs EFAX dividend yield comparison.
| Year | CLSE | EFAX |
|---|---|---|
| 2026 | 0.00% | 1.54% |
| 2025 | 0.95% | 3.31% |
| 2024 | 0.93% | 2.74% |
| 2023 | 1.21% | 2.71% |
| 2022 | 0.85% | 2.81% |
| 2021 | 0.00% | 2.58% |
| 2020 | 0.00% | 1.69% |
| 2019 | 0.00% | 2.71% |
| 2018 | 0.00% | 3.05% |
| 2017 | 0.00% | 2.89% |
| 2016 | 0.00% | 0.26% |
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