Snapshot*
Top 10 Holdings
What is CLSE?
The Convergence Long/Short Equity ETF seeks to provide a greater return potential than traditional approaches while reducing risk. The fund endeavors to provide a more material and consistent alpha through its proprietary fundamental ranking process from both its long and short holdings over a market cycle. The objective of the Convergence Long/Short Equity ETF is to pursue long term capital growth while minimizing volatility.
CLSEPerformance Measures**
for the time period Feb 22, 2022 to Jul 17, 2026
1M Trailing Return: -1.1%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 10.1%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -16.4%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 13.9%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 1.44
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 1.27
The annualized return divided by the max drawdown for the selected time period.
ETFs related toCLSE
ETFs correlated to CLSE include GAUG, LGRO, XAUG
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toCLSE
Wash Sale 3 Sorted by 5 day Max DD WM 74
Category
Tactical allocation, trend following, risk-on/risk-off, managed futures switch, leveraged ETFs, volatility filter, wash-sale rotation
OOS Cumulative Return
335.45%
Feaver Frontrunner V3 SGOV only KMLM Switch Wash Sale ALgo 1 WM 74
Category
Tactical allocation, Momentum, Trend following, Leveraged ETFs, Inverse ETFs, Managed futures signal, Market timing, RSI, Moving average, Systematic
OOS Cumulative Return
289.07%
Create your own algorithmic trading strategy with CLSE using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.