TAOZ vs CLSE
Comparison between THORNBURG AMERICAN OPPORTUNITIES FUND ETF CLASS (TAOZ, ETF) and CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF).
TAOZ vs CLSE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TAOZ
$490M
CLSE
$487M
Expense Ratio
Winner
TAOZ
0.79%
CLSE
1.52%
Max Drawdown
Winner
TAOZ
3.85%
CLSE
16.55%
Sharpe Ratio
TAOZ
2.08
Winner
CLSE
2.70
5Y Beta
TAOZ
0.82
Winner
CLSE
0.65
P/E Ratio
TAOZ
25.12
Winner
CLSE
19.25
Forward P/E
Winner
TAOZ
17.66
CLSE
18.53
PEG Ratio
TAOZ
0.55
CLSE
N/A
5Y EPS CAGR
TAOZ
16.93%
Winner
CLSE
34.91%
Debt to Equity
TAOZ
65.54%
Winner
CLSE
7.74%
P/S Ratio
TAOZ
1.79
Winner
CLSE
1.14
P/B Ratio
Winner
TAOZ
3.58
CLSE
4.98
TAOZ vs CLSE - Holdings Comparison
TAOZ and CLSE have 10 common holdings. Overlap is -0.37%
TAOZ's top 25 holdings weight is 77.65%. CLSE's top 25 holdings weight is 87.62%.
| Rank | TAOZ | CLSE |
|---|---|---|
| #1 | THORNBURG CAPITAL MANAGEMENT (n/a) - 14.92% | OTHER ASSETS AND LIABILITIES (n/a) - 39.01% |
| #2 | COHERENT CORP (COHR) - 3.86% | NVIDIA CORP (NVDA) - 4.79% |
| #3 | VERTIV HOLDINGS CO CLASS A (VRT) - 3.70% | MICRON TECHNOLOGY INC (MU) - 3.50% |
| #4 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 3.59% | LAM RESEARCH CORP (LRCX) - 3.19% |
| #5 | DUCOMMUN INC (DCO) - 3.45% | ADVANCED MICRO DEVICES INC (AMD) - 2.97% |
| #6 | VANGUARD SMALL-CAP ETF (VB) - 3.27% | BROADCOM INC (AVGO) - 2.84% |
| #7 | TECHNIPFMC PLC (n/a) - 3.17% | AMAZON.COM INC (AMZN) - 2.62% |
| #8 | NETFLIX INC (NFLX) - 2.63% | ALPHABET INC CLASS C (GOOG) - 2.58% |
| #9 | XPO INC (XPO) - 2.62% | ALPHABET INC CLASS A (GOOGL) - 2.58% |
| #10 | PINNACLE FINANCIAL PARTNERS INC (PNFP) - 2.60% | META PLATFORMS INC CLASS A (META) - 2.06% |
| #11 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 2.49% | SANDISK CORP ORDINARY SHARES (SNDK) - 1.96% |
| #12 | COLLIERS INTERNATIONAL GROUP INC SHS SUBORD VOTING (CIGI) - 2.44% | ROKU INC CLASS A (ROKU) - 1.85% |
| #13 | WESTERN ALLIANCE BANCORP (WAL) - 2.43% | CISCO SYSTEMS INC (CSCO) - 1.64% |
| #14 | SHARKNINJA INC (SN) - 2.40% | n/a (DELL) - 1.62% |
| #15 | MAREX GROUP PLC (MRX) - 2.38% | WESTERN DIGITAL CORP (WDC) - 1.50% |
| #16 | CLEAN HARBORS INC (CLH) - 2.35% | AMKOR TECHNOLOGY INC (AMKR) - 1.48% |
| #17 | LPL FINANCIAL HOLDINGS INC (LPLA) - 2.29% | FORTINET INC (FTNT) - 1.43% |
| #18 | MYR GROUP INC (MYRG) - 2.29% | JABIL INC (JBL) - 1.40% |
| #19 | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 2.27% | TERADYNE INC (TER) - 1.38% |
| #20 | TENET HEALTHCARE CORP (THC) - 2.13% | CIENA CORP (CIEN) - 1.29% |
| #21 | CASELLA WASTE SYSTEMS INC CLASS A (CWST) - 2.10% | VERISIGN INC (VRSN) - 1.26% |
| #22 | ASSURANT INC (AIZ) - 2.09% | UIPATH INC CLASS A (PATH) - 1.20% |
| #23 | ITT INC (ITT) - 2.07% | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.20% |
| #24 | BUILDERS FIRSTSOURCE INC (BLDR) - 2.06% | MICROSOFT CORP (MSFT) - 1.15% |
| #25 | APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) - 2.05% | TERADATA CORP (TDC) - 1.12% |
| Total Holdings | 43 | 347 |
TAOZ vs CLSE - Historical Returns
Returns include dividend reinvestment.
1M
TAOZ
+0.51%
Winner
CLSE
+5.01%
3M
TAOZ
N/A
CLSE
+20.20%
6M
TAOZ
N/A
CLSE
+24.62%
1Y
TAOZ
N/A
CLSE
+48.25%
5Y(CAGR)
TAOZ
N/A
CLSE
+21.28%
Max(CAGR)
Winner
TAOZ
+35.18%
CLSE
+21.28%
TAOZ vs CLSE - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | TAOZ | CLSE |
|---|---|---|
| 2026 | +5.51% | +21.68% |
| 2025 | N/A | +19.81% |
| 2024 | N/A | +36.85% |
| 2023 | N/A | +17.91% |
| 2022 | N/A | -3.03% |
TAOZ vs CLSE Drawdown Comparison
The maximum drawdown for TAOZ was -3.85%, occurring on Apr 29, 2026. Recovery took 33 trading sessions.
The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.
The current TAOZ drawdown is -1.97%. The current CLSE drawdown is -2.36%.
| Rank | TAOZ | CLSE |
|---|---|---|
| #1 | -3.85% Apr 17, 2026 - Jun 4, 2026 | -16.45% Jan 23, 2025 - Jul 31, 2025 |
| #2 | -1.97% Jun 4, 2026 - Jun 5, 2026 | -14.28% Apr 20, 2022 - Jul 17, 2023 |
| #3 | -0.62% Apr 9, 2026 - Apr 13, 2026 | -7.41% Jul 10, 2024 - Sep 19, 2024 |
| #4 | -0.50% Apr 15, 2026 - Apr 17, 2026 | -4.85% Feb 25, 2026 - Apr 7, 2026 |
| #5 | -0.14% Apr 6, 2026 - Apr 8, 2026 | -4.78% Oct 11, 2023 - Nov 9, 2023 |
| #6 | N/A | -4.66% Apr 5, 2024 - May 8, 2024 |
| #7 | N/A | -4.40% Nov 10, 2025 - Nov 28, 2025 |
| #8 | N/A | -4.22% Dec 6, 2024 - Jan 21, 2025 |
| #9 | N/A | -3.66% Mar 25, 2022 - Apr 20, 2022 |
| #10 | N/A | -3.56% Mar 3, 2022 - Mar 15, 2022 |
| #11 | N/A | -3.36% Jul 18, 2023 - Aug 31, 2023 |
| #12 | N/A | -3.21% Sep 19, 2025 - Oct 24, 2025 |
| #13 | N/A | -2.62% Feb 2, 2026 - Feb 6, 2026 |
| #14 | N/A | -2.62% Nov 12, 2024 - Dec 6, 2024 |
| #15 | N/A | -2.37% Dec 11, 2025 - Dec 19, 2025 |
Correlation
Correlation between TAOZ and CLSE is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
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