CLSE vs TFLR
Comparison between CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF) and T. ROWE PRICE FLOATING RATE ETF (TFLR, ETF).
CLSE vs TFLR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CLSE
$614M
TFLR
$613M
Expense Ratio
CLSE
1.52%
Winner
TFLR
0.61%
Max Drawdown
CLSE
16.55%
Winner
TFLR
5.55%
Sharpe Ratio
Winner
CLSE
2.85
TFLR
0.74
5Y Beta
CLSE
0.65
Winner
TFLR
0.17
P/E Ratio
CLSE
17.02
TFLR
N/A
Forward P/E
CLSE
16.77
TFLR
N/A
5Y EPS CAGR
CLSE
34.38%
TFLR
N/A
Debt to Equity
CLSE
6.82%
TFLR
N/A
P/S Ratio
CLSE
1.17
TFLR
N/A
P/B Ratio
CLSE
5.05
TFLR
N/A
CLSE vs TFLR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CLSE
+4.46%
TFLR
+0.18%
3M
Winner
CLSE
+22.82%
TFLR
+1.78%
6M
Winner
CLSE
+27.45%
TFLR
+1.62%
1Y
Winner
CLSE
+51.49%
TFLR
+5.39%
5Y(CAGR)
CLSE
+21.87%
TFLR
N/A
Max(CAGR)
Winner
CLSE
+21.87%
TFLR
+7.85%
CLSE vs TFLR - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | CLSE | TFLR |
|---|---|---|
| 2026 | +24.91% | +1.30% |
| 2025 | +19.81% | +6.40% |
| 2024 | +36.85% | +8.86% |
| 2023 | +17.91% | +11.92% |
| 2022 | -3.03% | -0.41% |
CLSE vs TFLR Drawdown Comparison
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The maximum drawdown for TFLR was -4.01%, occurring on Apr 4, 2025. Recovery took 50 trading sessions.
The current TFLR drawdown is -0.16%.
| Rank | CLSE | TFLR |
|---|---|---|
| #1 | -16.45% Jan 23, 2025 - Jul 31, 2025 | -4.01% Feb 21, 2025 - May 5, 2025 |
| #2 | -14.28% Apr 20, 2022 - Jul 17, 2023 | -2.17% Jan 22, 2026 - Apr 17, 2026 |
| #3 | -7.41% Jul 10, 2024 - Sep 19, 2024 | -1.48% Mar 8, 2023 - Apr 5, 2023 |
| #4 | -4.85% Feb 25, 2026 - Apr 7, 2026 | -1.05% Jul 31, 2024 - Aug 23, 2024 |
| #5 | -4.78% Oct 11, 2023 - Nov 9, 2023 | -0.97% Nov 17, 2022 - Jan 4, 2023 |
| #6 | -4.66% Apr 5, 2024 - May 8, 2024 | -0.81% Sep 14, 2023 - Nov 2, 2023 |
| #7 | -4.40% Nov 10, 2025 - Nov 28, 2025 | -0.62% Jun 13, 2024 - Jul 2, 2024 |
| #8 | -4.22% Dec 6, 2024 - Jan 21, 2025 | -0.61% May 1, 2023 - Jun 2, 2023 |
| #9 | -3.66% Mar 25, 2022 - Apr 20, 2022 | -0.50% Feb 7, 2023 - Mar 8, 2023 |
| #10 | -3.56% Mar 3, 2022 - Mar 15, 2022 | -0.50% Oct 2, 2025 - Oct 22, 2025 |
| #11 | -3.36% Jul 18, 2023 - Aug 31, 2023 | -0.48% Mar 20, 2024 - Apr 5, 2024 |
| #12 | -3.21% Sep 19, 2025 - Oct 24, 2025 | -0.37% Apr 24, 2023 - Apr 27, 2023 |
| #13 | -3.14% Jun 3, 2026 - Jun 15, 2026 | -0.35% May 27, 2026 - Jun 10, 2026 |
| #14 | -2.62% Feb 2, 2026 - Feb 6, 2026 | -0.30% Oct 4, 2024 - Oct 9, 2024 |
| #15 | -2.62% Nov 12, 2024 - Dec 6, 2024 | -0.29% Jul 21, 2025 - Aug 13, 2025 |
Correlation
Correlation between CLSE and TFLR is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2022 - 2026)
CLSE vs TFLR dividend yield comparison.
| Year | CLSE | TFLR |
|---|---|---|
| 2026 | 0.00% | 2.67% |
| 2025 | 0.95% | 6.93% |
| 2024 | 0.93% | 8.18% |
| 2023 | 1.21% | 7.76% |
| 2022 | 0.85% | 0.58% |
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