CLSE vs RAA

Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and SMI 3FOURTEEN REAL ASSET ALLOCATION ETF (RAA, ETF).

CLSE vs RAA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CLSE(ETF)	RAA(ETF)
Net Assets	$614M	$613M
Expense Ratio	1.52%	0.90%
Max Drawdown	16.55%	11.80%
Sharpe Ratio	2.85	1.60
5Y Beta	0.65	0.65
P/E Ratio	17.02	N/A
Forward P/E	16.77	N/A
5Y EPS CAGR	34.38%	N/A
Debt to Equity	6.82%	N/A
P/S Ratio	1.17	N/A
P/B Ratio	5.05	N/A

Net Assets

Winner

CLSE

$614M

RAA

$613M

Expense Ratio

CLSE

1.52%

Winner

RAA

0.90%

Max Drawdown

CLSE

16.55%

Winner

RAA

11.80%

Sharpe Ratio

Winner

CLSE

2.85

RAA

1.60

5Y Beta

Winner

CLSE

0.65

RAA

0.65

P/E Ratio

CLSE

17.02

RAA

N/A

Forward P/E

CLSE

16.77

RAA

N/A

5Y EPS CAGR

CLSE

34.38%

RAA

N/A

Debt to Equity

CLSE

6.82%

RAA

N/A

P/S Ratio

CLSE

1.17

RAA

N/A

P/B Ratio

CLSE

5.05

RAA

N/A

CLSE vs RAA - Historical Returns

Returns include dividend reinvestment.

Period	CLSE	RAA
1 month	+4.01%	-1.06%
3 months	+22.70%	+6.79%
6 months	+26.89%	+9.41%
1 year	+50.84%	+20.78%
5 years(CAGR)	+21.71%	N/A
Max(CAGR)	+21.71%	+16.75%

Winner

CLSE

+4.01%

RAA

-1.06%

Winner

CLSE

+22.70%

RAA

+6.79%

Winner

CLSE

+26.89%

RAA

+9.41%

Winner

CLSE

+50.84%

RAA

+20.78%

5Y(CAGR)

CLSE

+21.71%

RAA

N/A

Max(CAGR)

Winner

CLSE

+21.71%

RAA

+16.75%

CLSE vs RAA - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	CLSE	RAA
2026	+24.04%	+8.74%
2025	+19.81%	+12.12%
2024	+36.85%	N/A
2023	+17.91%	N/A
2022	-3.03%	N/A

CLSE vs RAA Drawdown Comparison

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

The maximum drawdown for RAA was -11.80%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.

The current CLSE drawdown is -0.47%. The current RAA drawdown is -2.32%.

Rank	CLSE	RAA
#1	-16.45% Jan 23, 2025 - Jul 31, 2025	-11.80% Feb 26, 2025 - Jun 4, 2025
#2	-14.28% Apr 20, 2022 - Jul 17, 2023	-5.91% Feb 25, 2026 - Apr 15, 2026
#3	-7.41% Jul 10, 2024 - Sep 19, 2024	-3.99% Oct 28, 2025 - Dec 10, 2025
#4	-4.85% Feb 25, 2026 - Apr 7, 2026	-3.90% Jun 2, 2026 - Jun 10, 2026
#5	-4.78% Oct 11, 2023 - Nov 9, 2023	-3.71% Jan 28, 2026 - Feb 25, 2026
#6	-4.66% Apr 5, 2024 - May 8, 2024	-2.31% Oct 8, 2025 - Oct 20, 2025
#7	-4.40% Nov 10, 2025 - Nov 28, 2025	-2.18% May 14, 2026 - May 28, 2026
#8	-4.22% Dec 6, 2024 - Jan 21, 2025	-1.82% Dec 11, 2025 - Dec 23, 2025
#9	-3.66% Mar 25, 2022 - Apr 20, 2022	-1.71% Aug 13, 2025 - Sep 5, 2025
#10	-3.56% Mar 3, 2022 - Mar 15, 2022	-1.46% Jul 29, 2025 - Aug 7, 2025
#11	-3.36% Jul 18, 2023 - Aug 31, 2023	-1.29% Oct 20, 2025 - Oct 27, 2025
#12	-3.21% Sep 19, 2025 - Oct 24, 2025	-1.21% Jan 12, 2026 - Jan 22, 2026
#13	-3.14% Jun 3, 2026 - Jun 10, 2026	-1.02% Dec 26, 2025 - Jan 5, 2026
#14	-2.62% Feb 2, 2026 - Feb 6, 2026	-0.82% Sep 22, 2025 - Sep 30, 2025
#15	-2.62% Nov 12, 2024 - Dec 6, 2024	-0.63% Apr 17, 2026 - Apr 22, 2026