CLSE vs MGNR
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and AMERICAN BEACON GLG NATURAL RESOURCES ETF (MGNR, ETF).
CLSE vs MGNR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CLSE
$842M
MGNR
$842M
Expense Ratio
CLSE
1.52%
Winner
MGNR
0.75%
Max Drawdown
Winner
CLSE
16.55%
MGNR
22.34%
Sharpe Ratio
Winner
CLSE
2.15
MGNR
1.90
5Y Beta
Winner
CLSE
0.63
MGNR
1.06
P/E Ratio
CLSE
N/A
MGNR
22.99
Forward P/E
CLSE
N/A
MGNR
14.85
PEG Ratio
CLSE
N/A
MGNR
-0.07
Debt to Equity
CLSE
N/A
MGNR
51.28%
P/S Ratio
CLSE
N/A
MGNR
1.10
P/B Ratio
CLSE
N/A
MGNR
1.88
CLSE vs MGNR - Holdings Comparison
CLSE and MGNR have 6 common holdings. Overlap is -0.40%
CLSE's top 25 holdings weight is 82.97%. MGNR's top 25 holdings weight is 75.69%.
| Rank | CLSE | MGNR |
|---|---|---|
| #1 | OTHER ASSETS AND LIABILITIES (n/a) - 39.83% | HUDBAY MINERALS INC (n/a) - 4.32% |
| #2 | NVIDIA CORP (NVDA) - 6.26% | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 4.19% |
| #3 | BROADCOM INC (AVGO) - 4.22% | ARCELORMITTAL SA DEPOSITORY RECEIPT (MT) - 4.16% |
| #4 | AMAZON.COM INC (AMZN) - 2.96% | SMURFIT WESTROCK PLC (SW) - 4.03% |
| #5 | MICRON TECHNOLOGY INC (MU) - 2.81% | ALCOA CORP (AA) - 3.87% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 2.55% | NEXTPOWER INC CLASS A (NXT) - 3.70% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.55% | VISTA ENERGY SAB DE CV ADR (VIST) - 3.59% |
| #8 | LAM RESEARCH CORP (LRCX) - 1.75% | ANGLOGOLD ASHANTI PLC (AU) - 3.46% |
| #9 | META PLATFORMS INC CLASS A (META) - 1.65% | BLOOM ENERGY CORP CLASS A (BE) - 3.37% |
| #10 | n/a (DELL) - 1.62% | EQUINOX GOLD CORP ORDINARY SHARES CLASS A (n/a) - 3.27% |
| #11 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.58% | RANGE RESOURCES CORP (RRC) - 3.25% |
| #12 | ADVANCED MICRO DEVICES INC (AMD) - 1.54% | KINROSS GOLD CORP (n/a) - 3.21% |
| #13 | FORTINET INC (FTNT) - 1.44% | DARLING INGREDIENTS INC (DAR) - 3.13% |
| #14 | HEWLETT PACKARD ENTERPRISE CO (HPE) - 1.43% | BUNGE GLOBAL SA (BG) - 3.05% |
| #15 | ARISTA NETWORKS INC (ANET) - 1.39% | METHANEX CORP (n/a) - 2.95% |
| #16 | MICROSOFT CORP (MSFT) - 1.36% | ANTERO RESOURCES CORP (AR) - 2.81% |
| #17 | MANHATTAN ASSOCIATES INC (MANH) - 1.17% | SEADRILL LTD (SDRL) - 2.46% |
| #18 | TARGET CORP (TGT) - 1.16% | PERMIAN RESOURCES CORP CLASS A (PR) - 2.21% |
| #19 | VERISIGN INC (VRSN) - 1.12% | CONTEMPORARY AMPEREX TECHN H COMMON STOCK CNY1.0 (n/a) - 2.19% |
| #20 | BANK OF AMERICA CORP (BAC) - 1.12% | STEEL DYNAMICS INC (STLD) - 2.19% |
| #21 | ZIONS BANCORP NA (ZION) - 0.71% | FIRST QUANTUM MINERALS LTD (n/a) - 2.18% |
| #22 | EXXONMOBIL HOLDINGS CORP (XOM) - 0.70% | SIEMENS ENERGY AG ADR SPONSORED (SMERY) - 2.14% |
| #23 | n/a (TXG) - 0.69% | DIAMONDBACK ENERGY INC (FANG) - 2.11% |
| #24 | EMCOR GROUP INC (EME) - 0.68% | EQT CORP (EQT) - 2.07% |
| #25 | AERCAP HOLDINGS NV (AER) - 0.68% | NUCOR CORP (NUE) - 1.78% |
| Total Holdings | 321 | 49 |
CLSE vs MGNR - Historical Returns
Returns include dividend reinvestment.
1M
CLSE
-2.55%
Winner
MGNR
+14.05%
3M
CLSE
+0.88%
Winner
MGNR
+5.33%
6M
Winner
CLSE
+15.68%
MGNR
+6.12%
1Y
CLSE
+38.05%
Winner
MGNR
+61.37%
5Y(CAGR)
CLSE
+19.96%
MGNR
N/A
Max(CAGR)
CLSE
+19.96%
Winner
MGNR
+39.85%
CLSE vs MGNR - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | MGNR |
|---|---|---|
| 2026 | +20.67% | +24.98% |
| 2025 | +19.81% | +47.52% |
| 2024 | +36.85% | +22.77% |
| 2023 | +17.91% | N/A |
| 2022 | -3.03% | N/A |
CLSE vs MGNR Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for MGNR was -22.06%, occurring on Apr 8, 2025. Recovery took 84 trading sessions.
The current CLSE drawdown is -3.40%. The current MGNR drawdown is -1.08%.
| Rank | CLSE | MGNR |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -22.06% Feb 10, 2025 - Jun 11, 2025 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -17.75% May 20, 2024 - Nov 7, 2024 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -15.51% Jun 2, 2026 - Jul 16, 2026 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -12.38% Mar 2, 2026 - May 11, 2026 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -11.00% Nov 22, 2024 - Feb 10, 2025 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -7.10% Nov 12, 2025 - Nov 26, 2025 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -6.77% Oct 15, 2025 - Nov 12, 2025 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -5.82% Jan 28, 2026 - Feb 11, 2026 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -5.39% May 13, 2026 - Jun 2, 2026 |
| #10 | -3.60% Jun 15, 2026 - Aug 20, 2026 | -4.99% Oct 8, 2025 - Oct 15, 2025 |
| #11 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -4.96% Apr 29, 2024 - May 7, 2024 |
| #12 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -4.73% Jul 23, 2025 - Aug 8, 2025 |
| #13 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -4.18% Nov 7, 2024 - Nov 20, 2024 |
| #14 | -3.14% Jun 3, 2026 - Jun 15, 2026 | -3.58% Feb 11, 2026 - Feb 24, 2026 |
| #15 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -3.53% Apr 9, 2024 - Apr 25, 2024 |
Correlation
Correlation between CLSE and MGNR is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2022 - 2026)
CLSE vs MGNR dividend yield comparison.
| Year | CLSE | MGNR |
|---|---|---|
| 2026 | 0.00% | 0.36% |
| 2025 | 0.95% | 1.17% |
| 2024 | 0.93% | 0.79% |
| 2023 | 1.21% | 0.00% |
| 2022 | 0.85% | 0.00% |
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