CLSE vs FFA

Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and First Trust Enhanced Equity Income Fund (FFA, ETF).

CLSE vs FFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CLSE(ETF)	FFA(ETF)
Net Assets	$487M	$489M
Expense Ratio	1.52%	N/A
Max Drawdown	16.55%	67.57%
Sharpe Ratio	2.70	1.39
5Y Beta	0.65	0.83
P/E Ratio	19.25	N/A
Forward P/E	18.53	N/A
5Y Dividends CAGR	N/A	10.32%
5Y EPS CAGR	34.91%	N/A
Debt to Equity	7.74%	N/A
P/S Ratio	1.14	N/A
P/B Ratio	4.98	N/A

Net Assets

CLSE

$487M

Winner

FFA

$489M

Expense Ratio

CLSE

1.52%

FFA

N/A

Max Drawdown

Winner

CLSE

16.55%

FFA

67.57%

Sharpe Ratio

Winner

CLSE

2.70

FFA

1.39

5Y Beta

Winner

CLSE

0.65

FFA

0.83

P/E Ratio

CLSE

19.25

FFA

N/A

Forward P/E

CLSE

18.53

FFA

N/A

5Y Dividends CAGR

CLSE

N/A

FFA

10.32%

5Y EPS CAGR

CLSE

34.91%

FFA

N/A

Debt to Equity

CLSE

7.74%

FFA

N/A

P/S Ratio

CLSE

1.14

FFA

N/A

P/B Ratio

CLSE

4.98

FFA

N/A

CLSE vs FFA - Historical Returns

Returns include dividend reinvestment.

Period	CLSE	FFA
1 month	+5.01%	+0.99%
3 months	+20.20%	+5.42%
6 months	+24.62%	+6.81%
1 year	+48.25%	+22.57%
5 years(CAGR)	+21.28%	+9.95%
10 years(CAGR)	N/A	+13.36%
Max(CAGR)	+21.28%	+8.76%

Winner

CLSE

+5.01%

FFA

+0.99%

Winner

CLSE

+20.20%

FFA

+5.42%

Winner

CLSE

+24.62%

FFA

+6.81%

Winner

CLSE

+48.25%

FFA

+22.57%

5Y(CAGR)

Winner

CLSE

+21.28%

FFA

+9.95%

10Y(CAGR)

CLSE

N/A

FFA

+13.36%

Max(CAGR)

Winner

CLSE

+21.28%

FFA

+8.76%

CLSE vs FFA - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	CLSE	FFA
2026	+21.68%	+4.45%
2025	+19.81%	+15.20%
2024	+36.85%	+21.85%
2023	+17.91%	+25.05%
2022	-3.03%	-21.72%
2021	N/A	+34.90%
2020	N/A	+12.91%
2019	N/A	+41.13%
2018	N/A	-16.34%
2017	N/A	+28.64%
2016	N/A	+12.51%
2015	N/A	-1.29%
2014	N/A	+15.77%
2013	N/A	+17.87%
2012	N/A	+16.62%
2011	N/A	-9.46%
2010	N/A	+15.50%
2009	N/A	+39.27%
2008	N/A	-36.55%
2007	N/A	-3.19%
2006	N/A	+16.38%
2005	N/A	-6.11%
2004	N/A	+2.75%

CLSE vs FFA Drawdown Comparison

The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.

The maximum drawdown for FFA was -57.63%, occurring on Mar 9, 2009. Recovery took 1207 trading sessions.

The current CLSE drawdown is -2.36%. The current FFA drawdown is -2.90%.

Rank	CLSE	FFA
#1	-16.45% Jan 23, 2025 - Jul 31, 2025	-57.63% Jun 1, 2007 - Mar 15, 2012
#2	-14.28% Apr 20, 2022 - Jul 17, 2023	-44.35% Feb 20, 2020 - Nov 17, 2020
#3	-7.41% Jul 10, 2024 - Sep 19, 2024	-29.93% Dec 30, 2021 - Mar 20, 2024
#4	-4.85% Feb 25, 2026 - Apr 7, 2026	-24.26% Aug 29, 2018 - Jun 18, 2019
#5	-4.78% Oct 11, 2023 - Nov 9, 2023	-21.28% May 20, 2015 - Dec 16, 2016
#6	-4.66% Apr 5, 2024 - May 8, 2024	-19.96% Feb 19, 2025 - Jun 27, 2025
#7	-4.40% Nov 10, 2025 - Nov 28, 2025	-13.35% Sep 7, 2005 - Sep 21, 2006
#8	-4.22% Dec 6, 2024 - Jan 21, 2025	-11.37% Oct 17, 2012 - Jan 7, 2013
#9	-3.66% Mar 25, 2022 - Apr 20, 2022	-11.24% Jan 2, 2018 - Jun 20, 2018
#10	-3.56% Mar 3, 2022 - Mar 15, 2022	-10.52% Sep 5, 2014 - Nov 7, 2014
#11	-3.36% Jul 18, 2023 - Aug 31, 2023	-10.11% Feb 9, 2026 - Apr 16, 2026
#12	-3.21% Sep 19, 2025 - Oct 24, 2025	-9.82% Sep 8, 2021 - Dec 29, 2021
#13	-2.62% Feb 2, 2026 - Feb 6, 2026	-8.70% Apr 2, 2012 - Aug 3, 2012
#14	-2.62% Nov 12, 2024 - Dec 6, 2024	-8.32% Jul 16, 2024 - Sep 19, 2024
#15	-2.37% Dec 11, 2025 - Dec 19, 2025	-7.66% May 21, 2013 - Oct 29, 2013

Correlation

Correlation between CLSE and FFA is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2004 - 2026)

CLSE vs FFA dividend yield comparison.

Year	CLSE	FFA
2026	0.00%	1.73%
2025	0.95%	6.70%
2024	0.93%	6.59%
2023	1.21%	6.90%
2022	0.85%	7.99%
2021	0.00%	5.92%
2020	0.00%	6.47%
2019	0.00%	6.61%
2018	0.00%	8.82%
2017	0.00%	6.83%
2016	0.00%	7.07%
2015	0.00%	7.12%
2014	0.00%	6.42%
2013	0.00%	6.76%
2012	0.00%	7.60%
2011	0.00%	8.31%
2010	0.00%	6.96%
2009	0.00%	8.21%
2008	0.00%	18.10%
2007	0.00%	10.27%
2006	0.00%	8.69%
2005	0.00%	9.35%
2004	0.00%	2.68%