CLSEvsHYLSETF Comparison
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Convergence Long/Short Equity ETF (CLSE) and First Trust Tactical High Yield ETF (HYLS) belong to the same industry segment: Alternatives. CLSE is more expensive with a Total Expense Ratio (TER) of 1.52%, versus 0.69% for HYLS. CLSE is up 22.03% year-to-date (YTD) with +$670M in YTD flows. HYLS performs worse with 1.23% YTD performance, and -$83M in YTD flows. Run a side-by-side ETF comparison of CLSE and HYLS 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 HYLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CLSE HYLS | -1.55%-1.03% | -1.87%-1.75% | +22.03%+1.23% | +29.00%+1.95% | +111.52%+20.13% | n/a+9.10% |
| Flows | CLSE HYLS | +$66M+$14M | +$251M+$28M | +$670M-$83M | +$701M-$47M | +$858M+$176M | --$330M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CLSE HYLS | +9.17%+3.17% | +13.05%+3.11% | +13.48%+3.55% | n/a+5.19% |
| Max drawdown | CLSE HYLS | -3.35%-3.27% | -4.60%-3.27% | -15.76%-3.27% | n/a-16.13% |
| Max drawdown duration | CLSE HYLS | 10d67d | 40d67d | 188d67d | n/a1066d |
Trading data
CLSE | HYLS | |
Last sale 10/23/2026 at 1:30 PM | $33.37 | $39.51 |
| Previous close 10/22/2026 | $33.40 | $39.49 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
CLSE | HYLS | |
|---|---|---|
| Last price | $33.37 | $39.51 |
| 1D performance | -0.10% | +0.05% |
| AuM | $1.02 B | $1.59 B |
| E/R | 1.52% | 0.69% |
Characteristics
CLSE | HYLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Convergence Investment Partners LLC | First Trust |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 22, 2022 | February 25, 2013 |
| ESG | No | No |
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Exposure
Countries
CLSE
Data will be available soon
HYLS
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Sectors
CLSE
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HYLS
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Diversification
CLSE
Data will be available soon
HYLS
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Top 15 holdings
Data as of January 1, 1970
CLSE
Data will be available soon
HYLS
Data will be available soon
Frequently asked questions about CLSE and HYLS
How have the CLSE and HYLS ETFs performed in 2026?
As of October 23, 2026, CLSE is up 22.03% year-to-date (YTD), while HYLS has returned 1.23%. That puts CLSE better performer ahead so far this year.
Which ETF is attracting more investor money: CLSE or HYLS?
Year-to-date, the CLSE ETF saw +$670M in flows, compared to -$83M for HYLS.
Which ETF is more volatile: CLSE or HYLS?
Over the past year, CLSE had a volatility of 13.05%, while HYLS experienced 3.11%.
Which ETF is bigger: CLSE or HYLS?
As of October 23, 2026, CLSE holds $1.02 B in assets under management (AUM), while HYLS manages $1.59 B.
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