FFA vs CLSE

Comparison between First Trust Enhanced Equity Income Fund (FFA, ETF) and CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF).

FFA vs CLSE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FFA(ETF)	CLSE(ETF)
Net Assets	$489M	$487M
Expense Ratio	N/A	1.52%
Max Drawdown	67.57%	16.55%
Sharpe Ratio	1.39	2.70
5Y Beta	0.83	0.65
P/E Ratio	N/A	19.25
Forward P/E	N/A	18.53
5Y Dividends CAGR	10.32%	N/A
5Y EPS CAGR	N/A	34.91%
Debt to Equity	N/A	7.74%
P/S Ratio	N/A	1.14
P/B Ratio	N/A	4.98

Net Assets

Winner

FFA

$489M

CLSE

$487M

Expense Ratio

FFA

N/A

CLSE

1.52%

Max Drawdown

FFA

67.57%

Winner

CLSE

16.55%

Sharpe Ratio

FFA

1.39

Winner

CLSE

2.70

5Y Beta

FFA

0.83

Winner

CLSE

0.65

P/E Ratio

FFA

N/A

CLSE

19.25

Forward P/E

FFA

N/A

CLSE

18.53

5Y Dividends CAGR

FFA

10.32%

CLSE

N/A

5Y EPS CAGR

FFA

N/A

CLSE

34.91%

Debt to Equity

FFA

N/A

CLSE

7.74%

P/S Ratio

FFA

N/A

CLSE

1.14

P/B Ratio

FFA

N/A

CLSE

4.98

FFA vs CLSE - Historical Returns

Returns include dividend reinvestment.

Period	FFA	CLSE
1 month	+0.99%	+5.01%
3 months	+5.42%	+20.20%
6 months	+6.81%	+24.62%
1 year	+22.57%	+48.25%
5 years(CAGR)	+9.95%	+21.28%
10 years(CAGR)	+13.36%	N/A
Max(CAGR)	+8.76%	+21.28%

FFA

+0.99%

Winner

CLSE

+5.01%

FFA

+5.42%

Winner

CLSE

+20.20%

FFA

+6.81%

Winner

CLSE

+24.62%

FFA

+22.57%

Winner

CLSE

+48.25%

5Y(CAGR)

FFA

+9.95%

Winner

CLSE

+21.28%

10Y(CAGR)

FFA

+13.36%

CLSE

N/A

Max(CAGR)

FFA

+8.76%

Winner

CLSE

+21.28%

FFA vs CLSE - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	FFA	CLSE
2026	+4.45%	+21.68%
2025	+15.20%	+19.81%
2024	+21.85%	+36.85%
2023	+25.05%	+17.91%
2022	-21.72%	-3.03%
2021	+34.90%	N/A
2020	+12.91%	N/A
2019	+41.13%	N/A
2018	-16.34%	N/A
2017	+28.64%	N/A
2016	+12.51%	N/A
2015	-1.29%	N/A
2014	+15.77%	N/A
2013	+17.87%	N/A
2012	+16.62%	N/A
2011	-9.46%	N/A
2010	+15.50%	N/A
2009	+39.27%	N/A
2008	-36.55%	N/A
2007	-3.19%	N/A
2006	+16.38%	N/A
2005	-6.11%	N/A
2004	+2.75%	N/A

FFA vs CLSE Drawdown Comparison

The maximum drawdown for FFA was -57.63%, occurring on Mar 9, 2009. Recovery took 1207 trading sessions.

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

The current FFA drawdown is -2.90%. The current CLSE drawdown is -2.36%.

Rank	FFA	CLSE
#1	-57.63% Jun 1, 2007 - Mar 15, 2012	-16.45% Jan 23, 2025 - Jul 31, 2025
#2	-44.35% Feb 20, 2020 - Nov 17, 2020	-14.28% Apr 20, 2022 - Jul 17, 2023
#3	-29.93% Dec 30, 2021 - Mar 20, 2024	-7.41% Jul 10, 2024 - Sep 19, 2024
#4	-24.26% Aug 29, 2018 - Jun 18, 2019	-4.85% Feb 25, 2026 - Apr 7, 2026
#5	-21.28% May 20, 2015 - Dec 16, 2016	-4.78% Oct 11, 2023 - Nov 9, 2023
#6	-19.96% Feb 19, 2025 - Jun 27, 2025	-4.66% Apr 5, 2024 - May 8, 2024
#7	-13.35% Sep 7, 2005 - Sep 21, 2006	-4.40% Nov 10, 2025 - Nov 28, 2025
#8	-11.37% Oct 17, 2012 - Jan 7, 2013	-4.22% Dec 6, 2024 - Jan 21, 2025
#9	-11.24% Jan 2, 2018 - Jun 20, 2018	-3.66% Mar 25, 2022 - Apr 20, 2022
#10	-10.52% Sep 5, 2014 - Nov 7, 2014	-3.56% Mar 3, 2022 - Mar 15, 2022
#11	-10.11% Feb 9, 2026 - Apr 16, 2026	-3.36% Jul 18, 2023 - Aug 31, 2023
#12	-9.82% Sep 8, 2021 - Dec 29, 2021	-3.21% Sep 19, 2025 - Oct 24, 2025
#13	-8.70% Apr 2, 2012 - Aug 3, 2012	-2.62% Feb 2, 2026 - Feb 6, 2026
#14	-8.32% Jul 16, 2024 - Sep 19, 2024	-2.62% Nov 12, 2024 - Dec 6, 2024
#15	-7.66% May 21, 2013 - Oct 29, 2013	-2.37% Dec 11, 2025 - Dec 19, 2025

Correlation

Correlation between FFA and CLSE is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2004 - 2026)

FFA vs CLSE dividend yield comparison.

Year	FFA	CLSE
2026	1.73%	0.00%
2025	6.70%	0.95%
2024	6.59%	0.93%
2023	6.90%	1.21%
2022	7.99%	0.85%
2021	5.92%	0.00%
2020	6.47%	0.00%
2019	6.61%	0.00%
2018	8.82%	0.00%
2017	6.83%	0.00%
2016	7.07%	0.00%
2015	7.12%	0.00%
2014	6.42%	0.00%
2013	6.76%	0.00%
2012	7.60%	0.00%
2011	8.31%	0.00%
2010	6.96%	0.00%
2009	8.21%	0.00%
2008	18.10%	0.00%
2007	10.27%	0.00%
2006	8.69%	0.00%
2005	9.35%	0.00%
2004	2.68%	0.00%