ATLASConvergence Long/Short Equity ETF (CLSE): outlook, holdings and fees
Convergence Long/Short Equity ETF (CLSE) is an exchange-traded fund and is managed by Convergence. The expense ratio is 1.54% and the yield is 0.74%. The ten largest holdings are 33% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on CLSE
| Last price | $32.65 (-0.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $32.13 – $33.52 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 0.74% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
CLSE fund facts
| Issuer | Convergence |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $1.0B |
| Expense ratio | 1.54% |
| Number of holdings | 49 |
| Portfolio turnover | 277% |
| Inception | Dec 29, 2009 |
| Exchange | CBOE |
The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund"s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.
CLSE top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 6.10% |
| Alphabet Inc Class A GOOGL | Communication Services | 3.95% |
| Micron Technology Inc MU | Technology | 3.48% |
| Amazon.com Inc AMZN | Consumer Cyclical | 3.54% |
| Alphabet Inc Class C GOOG | Communication Services | 3.24% |
| Broadcom Inc AVGO | Technology | 2.72% |
| Apple Inc. AAPL | Technology | 2.69% |
| Advanced Micro Devices Inc AMD | Technology | 2.64% |
| Fortinet Inc FTNT | Technology | 2.38% |
| Meta Platforms Inc. META | Communication Services | 2.16% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
CLSE sector breakdown
| Sector | Weight |
|---|---|
| Technology | 38.4% |
| Healthcare | 10.6% |
| Financial Services | 10.4% |
| Consumer Cyclicals | 9.9% |
| Industrials | 8.9% |
| Communication Services | 8.7% |
| Energy | 4.0% |
| Consumer Defensive | 3.4% |
| Basic Materials | 2.1% |
| Real Estate | 2.0% |
| Utilities | 1.5% |
By region: North America 99.6%, Latin America 0.4%.
CLSE returns and risk
| Year to date | +24.7% |
|---|---|
| 1 year | +37.4% |
| 3 years (annualised) | +28.0% |
| 5 years (annualised) | +20.0% |
| 10 years (annualised) | +15.7% |
| Volatility (3 years) | 10.9% |
| Sharpe ratio (3 years) | 1.92 |
Past returns do not guarantee future results.
CLSE: frequently asked questions
What does CLSE invest in?
Convergence Long/Short Equity ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (6.1%), Alphabet Inc Class A (4.0%), Micron Technology Inc (3.5%), Amazon.com Inc (3.5%), Alphabet Inc Class C (3.2%).
What is the CLSE expense ratio?
1.54% a year: about $154.00 for every $10,000 invested.
What is the CLSE dividend yield?
0.74%. ATLAS does not hold the exact distribution dates for ETFs.
Will CLSE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $32.13 to $33.52 from $32.65 today. It is a probability, not a prediction.
How has CLSE performed?
Year to date +24.7%, one year +37.4%, three years +28.0% a year, five years +20.0% a year. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
- First Trust Long/Short Equity ETF (FTLS)
- Direxion Daily Semiconductor Bear 3X Shares (SOXS)
- ProShares UltraPro Short QQQ (SQQQ)
- FlexShares Ultra-Short Income Fund (RAVI)
- ProShares Short S&P 500 (SH)
- BNY Mellon Ultra Short Income ETF (BKUI)
- VanEck Short High Yield Muni ETF (SHYD)
- VanEck Short Muni ETF (SMB)
Educational information, not investment advice. Disclaimer