CLSE vs TAFM
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and AB TAX-AWARE INTERMEDIATE MUNICIPAL ETF (TAFM, ETF).
CLSE vs TAFM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CLSE
$614M
TAFM
$612M
Expense Ratio
CLSE
1.52%
Winner
TAFM
0.28%
Max Drawdown
CLSE
16.55%
Winner
TAFM
6.06%
Sharpe Ratio
Winner
CLSE
2.85
TAFM
1.12
5Y Beta
CLSE
0.65
Winner
TAFM
0.00
P/E Ratio
CLSE
17.02
TAFM
N/A
Forward P/E
CLSE
16.77
TAFM
N/A
5Y EPS CAGR
CLSE
34.38%
TAFM
N/A
Debt to Equity
CLSE
6.82%
TAFM
N/A
P/S Ratio
CLSE
1.17
TAFM
N/A
P/B Ratio
CLSE
5.05
TAFM
N/A
CLSE vs TAFM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CLSE
+4.01%
TAFM
+0.65%
3M
Winner
CLSE
+22.70%
TAFM
+1.02%
6M
Winner
CLSE
+26.89%
TAFM
+2.22%
1Y
Winner
CLSE
+50.84%
TAFM
+6.74%
5Y(CAGR)
CLSE
+21.71%
TAFM
N/A
Max(CAGR)
Winner
CLSE
+21.71%
TAFM
+4.09%
CLSE vs TAFM - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | TAFM |
|---|---|---|
| 2026 | +24.04% | +1.78% |
| 2025 | +19.81% | +4.26% |
| 2024 | +36.85% | +2.74% |
| 2023 | +17.91% | +1.51% |
| 2022 | -3.03% | N/A |
CLSE vs TAFM Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for TAFM was -4.74%, occurring on Apr 11, 2025. Recovery took 131 trading sessions.
The current CLSE drawdown is -0.47%. The current TAFM drawdown is -0.36%.
| Rank | CLSE | TAFM |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -4.74% Feb 28, 2025 - Sep 8, 2025 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -2.73% Dec 6, 2024 - Feb 28, 2025 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -2.69% Feb 27, 2026 - Mar 27, 2026 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -2.50% Oct 2, 2024 - Dec 3, 2024 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -1.60% Feb 1, 2024 - May 15, 2024 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -1.28% May 15, 2024 - Jun 6, 2024 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -1.19% Dec 27, 2023 - Jan 31, 2024 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -0.85% Jun 14, 2024 - Jul 9, 2024 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -0.74% Dec 1, 2025 - Jan 5, 2026 |
| #10 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -0.66% Nov 11, 2025 - Dec 1, 2025 |
| #11 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -0.57% Aug 5, 2024 - Sep 3, 2024 |
| #12 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -0.53% Jun 6, 2024 - Jun 12, 2024 |
| #13 | -3.14% Jun 3, 2026 - Jun 10, 2026 | -0.48% Oct 27, 2025 - Nov 11, 2025 |
| #14 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -0.47% Sep 17, 2025 - Oct 3, 2025 |
| #15 | -2.62% Nov 12, 2024 - Dec 6, 2024 | -0.38% Sep 17, 2024 - Oct 1, 2024 |
Correlation
Correlation between CLSE and TAFM is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2022 - 2026)
CLSE vs TAFM dividend yield comparison.
| Year | CLSE | TAFM |
|---|---|---|
| 2026 | 0.00% | 1.50% |
| 2025 | 0.95% | 3.51% |
| 2024 | 0.93% | 3.35% |
| 2023 | 1.21% | 0.18% |
| 2022 | 0.85% | 0.00% |
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