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CLSEvsFVALETF Comparison

ETF 1

CLSE

Convergence Long/Short Equity ETF

This fund is part of

Alternatives

-0.22%

Full CLSE fund page

VS

ETF 2

FVAL

Fidelity Value Factor ETF

This fund is part of

US Large Cap Value

+0.57%

Full FVAL fund page

Convergence Long/Short Equity ETF (CLSE) belongs to the Alternatives segment. Fidelity Value Factor ETF (FVAL) is part of the US Large Cap Value segment. CLSE's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, FVAL's top sector exposures are Technology, Finance and Healthcare. CLSE is more expensive with a Total Expense Ratio (TER) of 1.52%, versus 0.15% for FVAL. CLSE is up 24.06% year-to-date (YTD) with +$434M in YTD flows. FVAL performs worse with 10.62% YTD performance, and +$64M in YTD flows. Run a side-by-side ETF comparison of CLSE and FVAL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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CLSE vs FVAL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CLSE FVAL	-0.09%+2.93%	+9.54%+6.00%	+24.06%+10.62%	+45.44%+23.94%	+118.12%+65.07%	n/a+75.81%
Flows	CLSE FVAL	+$89M+$8M	+$287M+$24M	+$434M+$64M	+$484M+$77M	+$622M+$336M	-+$416M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CLSE FVAL	+13.56%+11.61%	+13.36%+12.03%	+13.55%+14.28%	n/a+16.40%
Max drawdown	CLSE FVAL	-3.47%-4.56%	-4.60%-8.88%	-15.76%-18.14%	n/a-23.38%
Max drawdown duration	CLSE FVAL	32d53d	40d72d	188d131d	n/a702d

Trading data

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	CLSE	FVAL
Last sale 7/24/2026 at 1:30 PM	$33.95	$79.24
Previous close 07/23/2026	$34.07	$78.92
Consolidated volume 07/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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CLSE

is actively managed and doesn’t replicate an index

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	CLSE	FVAL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	CLSE	FVAL
Last price	$33.95	$79.24
1D performance	-0.35%	+0.41%
AuM	$796.67 M	$1.28 B
E/R	1.52%	0.15%

Characteristics

	CLSE	FVAL
Management strategy	Active	Passive
Provider	Convergence Investment Partners LLC	Fidelity
Benchmark	-	Fidelity U.S. Value Factor Index
N° of holdings	688	123
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 22, 2022	September 12, 2016
ESG	No	No

More CLSE data on Trackinsight

More FVAL data on Trackinsight

Exposure

Countries

CLSE

Data will be available soon

FVAL

USA

97.2%

Other

2.8%

Sectors

CLSE

Data will be available soon

FVAL

Technology

39.61%

Finance

15.33%

Healthcare

10.77%

Consumer Non-Cycl.

8.97%

Industrials

8.87%

Other

16.44%

Diversification

CLSE

Data will be available soon

FVAL

Total weight of top 15 holdings out of 15

48.09%

Top 15 holdings

Data as of June 30, 2026

CLSE

Data will be available soon

FVAL

NVIDIA Corp.

7.65%

Apple, Inc.

6.89%

Alphabet, Inc.

5.51%

Microsoft Corp.

4.70%

Amazon.com, Inc.

3.90%

Micron Technology, Inc.

3.82%

Broadcom Inc.

3.31%

Meta Platforms, Inc.

2.00%

Eli Lilly & Co.

1.91%

Berkshire Hathaway, Inc.

1.87%

Johnson & Johnson

1.40%

Visa, Inc.

1.38%

Caterpillar, Inc.

1.29%

UnitedHealth Group, Inc.

1.26%

AbbVie, Inc.

1.19%

Frequently asked questions about CLSE and FVAL

How have the CLSE and FVAL ETFs performed in 2026?

As of July 24, 2026, CLSE is up 24.06% year-to-date (YTD), while FVAL has returned 10.62%. That puts CLSE better performer ahead so far this year.

Which ETF is attracting more investor money: CLSE or FVAL?

Year-to-date, the CLSE ETF saw +$434M in flows, compared to +$64M for FVAL.

Which ETF is more volatile: CLSE or FVAL?

Over the past year, CLSE had a volatility of 13.36%, while FVAL experienced 12.03%.

Which ETF is bigger: CLSE or FVAL?

As of July 24, 2026, CLSE holds $796.67 M in assets under management (AUM), while FVAL manages $1.28 B.

What sectors do the CLSE and FVAL ETFs invest in?

CLSE leans toward sectors like Technology and Finance. Meanwhile, FVAL focuses on Technology, Finance and Healthcare.

What are the top holdings of the CLSE ETF and FVAL ETF?

CLSE top holdings include NVIDIA Corp., Lam Research Corp. and Alphabet, Inc.. FVAL holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..

CLSEvsFVALETF Comparison

Convergence Long/Short Equity ETF

Fidelity Value Factor ETF

CLSE vs FVAL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the CLSE and FVAL ETFs performed in 2026?

As of July 24, 2026, CLSE is up 24.06% year-to-date (YTD), while FVAL has returned 10.62%. That puts CLSE better performer ahead so far this year.

Which ETF is attracting more investor money: CLSE or FVAL?

Year-to-date, the CLSE ETF saw +$434M in flows, compared to +$64M for FVAL.

Which ETF is more volatile: CLSE or FVAL?

Over the past year, CLSE had a volatility of 13.36%, while FVAL experienced 12.03%.

Which ETF is bigger: CLSE or FVAL?

As of July 24, 2026, CLSE holds $796.67 M in assets under management (AUM), while FVAL manages $1.28 B.

What sectors do the CLSE and FVAL ETFs invest in?

CLSE leans toward sectors like Technology and Finance. Meanwhile, FVAL focuses on Technology, Finance and Healthcare.

What are the top holdings of the CLSE ETF and FVAL ETF?

CLSE top holdings include NVIDIA Corp., Lam Research Corp. and Alphabet, Inc.. FVAL holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..

Which ETF is more diversified: CLSE or FVAL?

CLSE holds 696 securities with 29.71% of its assets in the top 15. FVAL has 125 securities and a top 15 weight of 48.09%.

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