CLSE vs FMAT
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF).
CLSE vs FMAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CLSE
$614M
Winner
FMAT
$616M
Expense Ratio
CLSE
1.52%
Winner
FMAT
0.08%
Max Drawdown
Winner
CLSE
16.55%
FMAT
43.86%
Sharpe Ratio
Winner
CLSE
2.85
FMAT
1.00
5Y Beta
Winner
CLSE
0.65
FMAT
0.87
P/E Ratio
Winner
CLSE
17.02
FMAT
30.88
Forward P/E
Winner
CLSE
16.77
FMAT
17.26
5Y Dividends CAGR
CLSE
N/A
FMAT
4.45%
5Y EPS CAGR
Winner
CLSE
34.38%
FMAT
19.31%
Debt to Equity
Winner
CLSE
6.82%
FMAT
50.45%
P/S Ratio
Winner
CLSE
1.17
FMAT
2.08
P/B Ratio
CLSE
5.05
Winner
FMAT
2.99
CLSE vs FMAT - Holdings Comparison
CLSE and FMAT have 15 common holdings. Overlap is 1.17%
CLSE's top 25 holdings weight is 88.46%. FMAT's top 25 holdings weight is 77.67%.
| Rank | CLSE | FMAT |
|---|---|---|
| #1 | OTHER ASSETS AND LIABILITIES (n/a) - 39.28% | LINDE PLC (LIN) - 15.44% |
| #2 | NVIDIA CORP (NVDA) - 4.86% | NEWMONT CORP (NEM) - 7.82% |
| #3 | MICRON TECHNOLOGY INC (MU) - 3.88% | FREEPORT-MCMORAN INC (FCX) - 5.93% |
| #4 | BROADCOM INC (AVGO) - 3.16% | SHERWIN-WILLIAMS CO (SHW) - 4.71% |
| #5 | LAM RESEARCH CORP (LRCX) - 3.09% | CRH PLC (CRH) - 4.40% |
| #6 | ADVANCED MICRO DEVICES INC (AMD) - 2.97% | ECOLAB INC (ECL) - 4.16% |
| #7 | AMAZON.COM INC (AMZN) - 2.57% | AIR PRODUCTS AND CHEMICALS INC (APD) - 4.14% |
| #8 | ALPHABET INC CLASS C (GOOG) - 2.38% | NUCOR CORP (NUE) - 3.53% |
| #9 | ALPHABET INC CLASS A (GOOGL) - 2.37% | CORTEVA INC (CTVA) - 3.43% |
| #10 | META PLATFORMS INC CLASS A (META) - 1.97% | VULCAN MATERIALS CO (VMC) - 2.28% |
| #11 | n/a (DELL) - 1.95% | STEEL DYNAMICS INC (STLD) - 2.23% |
| #12 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.91% | MARTIN MARIETTA MATERIALS INC (MLM) - 2.17% |
| #13 | CISCO SYSTEMS INC (CSCO) - 1.88% | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.64% |
| #14 | ROKU INC CLASS A (ROKU) - 1.81% | DOW INC (DOW) - 1.61% |
| #15 | FORTINET INC (FTNT) - 1.45% | PPG INDUSTRIES INC (PPG) - 1.58% |
| #16 | ARISTA NETWORKS INC (ANET) - 1.44% | DUPONT DE NEMOURS INC (DD) - 1.33% |
| #17 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.38% | ALBEMARLE CORP (ALB) - 1.32% |
| #18 | CIENA CORP (CIEN) - 1.32% | SMURFIT WESTROCK PLC (SW) - 1.31% |
| #19 | AMKOR TECHNOLOGY INC (AMKR) - 1.31% | PACKAGING CORP OF AMERICA (PKG) - 1.26% |
| #20 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.30% | RELIANCE INC (RS) - 1.26% |
| #21 | WESTERN DIGITAL CORP (WDC) - 1.29% | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.25% |
| #22 | UIPATH INC CLASS A (PATH) - 1.29% | ALCOA CORP (AA) - 1.24% |
| #23 | MICROSOFT CORP (MSFT) - 1.20% | COEUR MINING INC (CDE) - 1.22% |
| #24 | TERADATA CORP (TDC) - 1.20% | ROYAL GOLD INC (RGLD) - 1.22% |
| #25 | VERISIGN INC (VRSN) - 1.20% | CF INDUSTRIES HOLDINGS INC (CF) - 1.19% |
| Total Holdings | 347 | 106 |
CLSE vs FMAT - Historical Returns
Returns include dividend reinvestment.
1M
CLSE
+4.46%
Winner
FMAT
+4.49%
3M
Winner
CLSE
+22.82%
FMAT
+6.40%
6M
Winner
CLSE
+27.45%
FMAT
+15.40%
1Y
Winner
CLSE
+51.49%
FMAT
+23.91%
5Y(CAGR)
Winner
CLSE
+21.87%
FMAT
+6.77%
10Y(CAGR)
CLSE
N/A
FMAT
+10.61%
Max(CAGR)
Winner
CLSE
+21.87%
FMAT
+9.15%
CLSE vs FMAT - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | FMAT |
|---|---|---|
| 2026 | +24.91% | +12.90% |
| 2025 | +19.81% | +13.29% |
| 2024 | +36.85% | +0.84% |
| 2023 | +17.91% | +13.85% |
| 2022 | -3.03% | -10.66% |
| 2021 | N/A | +28.83% |
| 2020 | N/A | +20.79% |
| 2019 | N/A | +22.83% |
| 2018 | N/A | -18.83% |
| 2017 | N/A | +22.61% |
| 2016 | N/A | +23.44% |
| 2015 | N/A | -10.02% |
| 2014 | N/A | +6.47% |
| 2013 | N/A | +5.12% |
CLSE vs FMAT Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.
The current FMAT drawdown is -2.54%.
| Rank | CLSE | FMAT |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -41.08% Jan 26, 2018 - Sep 1, 2020 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -27.23% Feb 24, 2015 - Nov 15, 2016 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -25.40% Apr 20, 2022 - Feb 29, 2024 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -23.17% Oct 18, 2024 - Dec 26, 2025 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -13.47% Feb 27, 2026 - Mar 20, 2026 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -12.14% Sep 5, 2014 - Feb 12, 2015 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -10.68% Jan 4, 2022 - Mar 25, 2022 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -10.63% May 17, 2021 - Nov 8, 2021 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -9.11% Jan 12, 2021 - Mar 10, 2021 |
| #10 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -7.81% Sep 17, 2020 - Oct 9, 2020 |
| #11 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -7.72% Nov 12, 2021 - Dec 29, 2021 |
| #12 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -6.81% Apr 9, 2024 - Jul 31, 2024 |
| #13 | -3.14% Jun 3, 2026 - Jun 15, 2026 | -6.69% Dec 31, 2013 - Feb 14, 2014 |
| #14 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -6.65% Oct 12, 2020 - Nov 3, 2020 |
| #15 | -2.62% Nov 12, 2024 - Dec 6, 2024 | -6.57% Jul 31, 2024 - Aug 26, 2024 |
Correlation
Correlation between CLSE and FMAT is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2013 - 2026)
CLSE vs FMAT dividend yield comparison.
| Year | CLSE | FMAT |
|---|---|---|
| 2026 | 0.00% | 0.33% |
| 2025 | 0.95% | 1.64% |
| 2024 | 0.93% | 1.68% |
| 2023 | 1.21% | 1.71% |
| 2022 | 0.85% | 2.00% |
| 2021 | 0.00% | 1.44% |
| 2020 | 0.00% | 1.73% |
| 2019 | 0.00% | 1.89% |
| 2018 | 0.00% | 2.18% |
| 2017 | 0.00% | 1.53% |
| 2016 | 0.00% | 1.78% |
| 2015 | 0.00% | 2.16% |
| 2014 | 0.00% | 1.65% |
| 2013 | 0.00% | 0.39% |
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