CLSE vs SPY
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
CLSE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CLSE
$487M
Winner
SPY
$735B
Expense Ratio
CLSE
1.52%
Winner
SPY
0.09%
Max Drawdown
Winner
CLSE
16.55%
SPY
56.47%
Sharpe Ratio
Winner
CLSE
2.70
SPY
1.62
5Y Beta
Winner
CLSE
0.65
SPY
1.00
P/E Ratio
Winner
CLSE
19.25
SPY
28.99
Forward P/E
Winner
CLSE
18.53
SPY
22.37
5Y Dividends CAGR
CLSE
N/A
SPY
5.43%
5Y EPS CAGR
Winner
CLSE
34.91%
SPY
26.05%
Debt to Equity
Winner
CLSE
7.74%
SPY
32.40%
P/S Ratio
Winner
CLSE
1.14
SPY
3.74
P/B Ratio
Winner
CLSE
4.98
SPY
5.61
CLSE vs SPY - Holdings Comparison
CLSE and SPY have 171 common holdings. Overlap is 15.29%
CLSE's top 25 holdings weight is 87.62%. SPY's top 25 holdings weight is 52.37%.
| Rank | CLSE | SPY |
|---|---|---|
| #1 | OTHER ASSETS AND LIABILITIES (n/a) - 39.01% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | NVIDIA CORP (NVDA) - 4.79% | APPLE INC (AAPL) - 7.02% |
| #3 | MICRON TECHNOLOGY INC (MU) - 3.50% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | LAM RESEARCH CORP (LRCX) - 3.19% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | ADVANCED MICRO DEVICES INC (AMD) - 2.97% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | BROADCOM INC (AVGO) - 2.84% | BROADCOM INC (AVGO) - 3.10% |
| #7 | AMAZON.COM INC (AMZN) - 2.62% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | ALPHABET INC CLASS C (GOOG) - 2.58% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | ALPHABET INC CLASS A (GOOGL) - 2.58% | TESLA INC (TSLA) - 1.89% |
| #10 | META PLATFORMS INC CLASS A (META) - 2.06% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.96% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | ROKU INC CLASS A (ROKU) - 1.85% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | CISCO SYSTEMS INC (CSCO) - 1.64% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | n/a (DELL) - 1.62% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | WESTERN DIGITAL CORP (WDC) - 1.50% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | AMKOR TECHNOLOGY INC (AMKR) - 1.48% | INTEL CORP (INTC) - 0.90% |
| #17 | FORTINET INC (FTNT) - 1.43% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | JABIL INC (JBL) - 1.40% | VISA INC CLASS A (V) - 0.85% |
| #19 | TERADYNE INC (TER) - 1.38% | WALMART INC (WMT) - 0.81% |
| #20 | CIENA CORP (CIEN) - 1.29% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | VERISIGN INC (VRSN) - 1.26% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | UIPATH INC CLASS A (PATH) - 1.20% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.20% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | MICROSOFT CORP (MSFT) - 1.15% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | TERADATA CORP (TDC) - 1.12% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 347 | 505 |
CLSE vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CLSE
+5.01%
SPY
+1.90%
3M
Winner
CLSE
+20.20%
SPY
+8.55%
6M
Winner
CLSE
+24.62%
SPY
+8.18%
1Y
Winner
CLSE
+48.25%
SPY
+25.79%
5Y(CAGR)
Winner
CLSE
+21.28%
SPY
+13.32%
10Y(CAGR)
CLSE
N/A
SPY
+15.19%
Max(CAGR)
Winner
CLSE
+21.28%
SPY
+8.47%
CLSE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | SPY |
|---|---|---|
| 2026 | +21.68% | +8.26% |
| 2025 | +19.81% | +18.00% |
| 2024 | +36.85% | +25.59% |
| 2023 | +17.91% | +26.72% |
| 2022 | -3.03% | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
CLSE vs SPY Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CLSE drawdown is -2.36%. The current SPY drawdown is -2.90%.
| Rank | CLSE | SPY |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.62% Nov 12, 2024 - Dec 6, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.37% Dec 11, 2025 - Dec 19, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CLSE and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
CLSE vs SPY dividend yield comparison.
| Year | CLSE | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.95% | 1.07% |
| 2024 | 0.93% | 1.21% |
| 2023 | 1.21% | 1.40% |
| 2022 | 0.85% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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