CLSE vs EQL
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and ALPS EQUAL SECTOR WEIGHT ETF (EQL, ETF).
CLSE vs EQL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CLSE
$733M
EQL
$733M
Expense Ratio
CLSE
1.52%
Winner
EQL
0.19%
Max Drawdown
Winner
CLSE
16.55%
EQL
36.36%
Sharpe Ratio
Winner
CLSE
2.58
EQL
1.28
5Y Beta
Winner
CLSE
0.64
EQL
0.69
P/E Ratio
CLSE
N/A
EQL
27.81
Forward P/E
CLSE
N/A
EQL
20.95
5Y Dividends CAGR
CLSE
N/A
EQL
8.44%
5Y EPS CAGR
CLSE
N/A
EQL
18.51%
Debt to Equity
CLSE
N/A
EQL
42.29%
P/S Ratio
CLSE
N/A
EQL
2.73
P/B Ratio
CLSE
N/A
EQL
4.03
CLSE vs EQL - Holdings Comparison
CLSE and EQL have 150 common holdings. Overlap is -11.72%
CLSE's top 25 holdings weight is 81.18%. EQL's top 25 holdings weight is 37.33%.
| Rank | CLSE | EQL |
|---|---|---|
| #1 | OTHER ASSETS AND LIABILITIES (n/a) - 41.06% | ALPHABET INC CLASS A (GOOGL) - 5.40% |
| #2 | NVIDIA CORP (NVDA) - 5.37% | AMAZON.COM INC (AMZN) - 3.64% |
| #3 | LAM RESEARCH CORP (LRCX) - 2.91% | EXXONMOBIL HOLDINGS CORP (XOM) - 2.54% |
| #4 | AMAZON.COM INC (AMZN) - 2.47% | META PLATFORMS INC CLASS A (META) - 2.00% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 2.46% | LINDE PLC (LIN) - 1.88% |
| #6 | ALPHABET INC CLASS C (GOOG) - 2.46% | NVIDIA CORP (NVDA) - 1.84% |
| #7 | META PLATFORMS INC CLASS A (META) - 2.25% | APPLE INC (AAPL) - 1.80% |
| #8 | MICRON TECHNOLOGY INC (MU) - 2.16% | TESLA INC (TSLA) - 1.68% |
| #9 | ADVANCED MICRO DEVICES INC (AMD) - 1.87% | ELI LILLY AND CO (LLY) - 1.53% |
| #10 | BROADCOM INC (AVGO) - 1.80% | CHEVRON CORP (CVX) - 1.53% |
| #11 | n/a (DELL) - 1.73% | WALMART INC (WMT) - 1.49% |
| #12 | CISCO SYSTEMS INC (CSCO) - 1.52% | WELLTOWER INC (WELL) - 1.31% |
| #13 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.47% | COSTCO WHOLESALE CORP (COST) - 1.23% |
| #14 | ARISTA NETWORKS INC (ANET) - 1.43% | NEXTERA ENERGY INC (NEE) - 1.21% |
| #15 | FORTINET INC (FTNT) - 1.31% | MICROSOFT CORP (MSFT) - 1.08% |
| #16 | ADOBE INC (ADBE) - 1.20% | COCA-COLA CO (KO) - 1.07% |
| #17 | VERISIGN INC (VRSN) - 1.15% | JPMORGAN CHASE & CO (JPM) - 1.07% |
| #18 | ROKU INC CLASS A (ROKU) - 1.14% | PROLOGIS INC (PLD) - 1.06% |
| #19 | MACY'S INC (M) - 1.07% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.05% |
| #20 | STATE STREET CORP (STT) - 1.04% | PROCTER & GAMBLE CO (PG) - 1.04% |
| #21 | ZIONS BANCORP NA (ZION) - 0.67% | PPG INDUSTRIES INC (PPG) - 0.40% |
| #22 | PNC FINANCIAL SERVICES GROUP INC (PNC) - 0.67% | MONSTER BEVERAGE CORP (MNST) - 0.40% |
| #23 | VIRTU FINANCIAL INC CLASS A (VIRT) - 0.66% | VENTAS INC (VTR) - 0.36% |
| #24 | CENTENE CORP (CNC) - 0.66% | ALTRIA GROUP INC (MO) - 0.36% |
| #25 | CVS HEALTH CORP (CVS) - 0.65% | BLACKROCK INC (BLK) - 0.36% |
| Total Holdings | 325 | 447 |
CLSE vs EQL - Historical Returns
Returns include dividend reinvestment.
1M
CLSE
-0.87%
Winner
EQL
+1.37%
3M
Winner
CLSE
+11.49%
EQL
+3.26%
6M
Winner
CLSE
+23.15%
EQL
+7.05%
1Y
Winner
CLSE
+46.78%
EQL
+16.58%
5Y(CAGR)
Winner
CLSE
+21.09%
EQL
+10.77%
10Y(CAGR)
CLSE
N/A
EQL
+12.30%
Max(CAGR)
Winner
CLSE
+21.09%
EQL
+13.60%
CLSE vs EQL - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | EQL |
|---|---|---|
| 2026 | +23.82% | +9.66% |
| 2025 | +19.81% | +13.32% |
| 2024 | +36.85% | +16.33% |
| 2023 | +17.91% | +17.25% |
| 2022 | -3.03% | -10.83% |
| 2021 | N/A | +31.31% |
| 2020 | N/A | +10.55% |
| 2019 | N/A | +27.93% |
| 2018 | N/A | -6.48% |
| 2017 | N/A | +17.71% |
| 2016 | N/A | +14.59% |
| 2015 | N/A | -1.15% |
| 2014 | N/A | +14.14% |
| 2013 | N/A | +27.40% |
| 2012 | N/A | +12.86% |
| 2011 | N/A | +1.53% |
| 2010 | N/A | +13.63% |
| 2009 | N/A | +28.94% |
CLSE vs EQL Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for EQL was -35.65%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.
The current CLSE drawdown is -0.87%. The current EQL drawdown is -0.64%.
| Rank | CLSE | EQL |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -35.65% Feb 19, 2020 - Sep 2, 2020 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -19.23% Mar 29, 2022 - Jul 25, 2023 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -18.66% Jul 7, 2011 - Feb 7, 2012 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -17.43% Sep 21, 2018 - Apr 2, 2019 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -15.34% Apr 23, 2010 - Nov 4, 2010 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -15.08% Nov 29, 2024 - Jun 30, 2025 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -13.01% May 21, 2015 - Apr 19, 2016 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -10.32% Jul 31, 2023 - Dec 13, 2023 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -9.49% Jan 26, 2018 - Aug 20, 2018 |
| #10 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -9.02% Apr 2, 2012 - Aug 8, 2012 |
| #11 | -3.45% Jun 15, 2026 - Jul 2, 2026 | -8.66% Jan 4, 2022 - Mar 29, 2022 |
| #12 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -8.32% Jan 19, 2010 - Mar 16, 2010 |
| #13 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -8.22% Sep 2, 2020 - Nov 9, 2020 |
| #14 | -3.14% Jun 3, 2026 - Jun 15, 2026 | -6.99% Oct 18, 2012 - Jan 2, 2013 |
| #15 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -6.90% Sep 19, 2014 - Oct 31, 2014 |
Correlation
Correlation between CLSE and EQL is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2009 - 2026)
CLSE vs EQL dividend yield comparison.
| Year | CLSE | EQL |
|---|---|---|
| 2026 | 0.00% | 0.49% |
| 2025 | 0.95% | 1.73% |
| 2024 | 0.93% | 1.78% |
| 2023 | 1.21% | 1.96% |
| 2022 | 0.85% | 2.14% |
| 2021 | 0.00% | 1.69% |
| 2020 | 0.00% | 2.29% |
| 2019 | 0.00% | 1.95% |
| 2018 | 0.00% | 2.39% |
| 2017 | 0.00% | 1.97% |
| 2016 | 0.00% | 2.89% |
| 2015 | 0.00% | 2.07% |
| 2014 | 0.00% | 1.68% |
| 2013 | 0.00% | 1.55% |
| 2012 | 0.00% | 2.09% |
| 2011 | 0.00% | 1.87% |
| 2010 | 0.00% | 1.72% |
| 2009 | 0.00% | 1.00% |
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