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CLSEvsQDEFETF Comparison

ETF 1

CLSE

Convergence Long/Short Equity ETF

This fund is part of

Alternatives

-0.22%

Full CLSE fund page

VS

ETF 2

QDEF

FlexShares Quality Dividend Defensive Index Fund ETF

This fund is part of

US Multi-Factor

-0.13%

Full QDEF fund page

Convergence Long/Short Equity ETF (CLSE) belongs to the Alternatives segment. FlexShares Quality Dividend Defensive Index Fund ETF (QDEF) is part of the US Multi-Factor segment. CLSE's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, QDEF's top sector exposures are Technology, Finance and Healthcare. CLSE is more expensive with a Total Expense Ratio (TER) of 1.52%, versus 0.4% for QDEF. CLSE is up 24.06% year-to-date (YTD) with +$434M in YTD flows. QDEF performs worse with 9.24% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of CLSE and QDEF 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 QDEF 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 QDEF	-0.09%+2.42%	+9.54%+4.47%	+24.06%+9.24%	+45.44%+17.39%	+118.12%+60.82%	n/a+76.92%
Flows	CLSE QDEF	+$89M-$6M	+$287M-$4M	+$434M+$6M	+$484M+$16M	+$622M+$16M	--$139M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CLSE QDEF	+13.56%+9.16%	+13.36%+9.85%	+13.55%+12.07%	n/a+13.96%
Max drawdown	CLSE QDEF	-3.47%-3.08%	-4.60%-6.99%	-15.76%-14.47%	n/a-21.30%
Max drawdown duration	CLSE QDEF	32d37d	40d66d	188d191d	n/a566d

Trading data

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	CLSE	QDEF
Last sale 7/24/2026 at 1:30 PM	$33.95	$88.35
Previous close 07/23/2026	$34.07	$87.71
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	QDEF
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	QDEF
Last price	$33.95	$88.35
1D performance	-0.35%	+0.73%
AuM	$796.67 M	$540.01 M
E/R	1.52%	0.4%

Characteristics

	CLSE	QDEF
Management strategy	Active	Passive
Provider	Convergence Investment Partners LLC	FlexShares
Benchmark	-	Northern Trust Quality Dividend Defensive Index
N° of holdings	688	133
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 22, 2022	December 14, 2012
ESG	No	No

More CLSE data on Trackinsight

More QDEF data on Trackinsight

Exposure

Countries

CLSE

Data will be available soon

QDEF

USA

96.65%

Other

3.35%

Sectors

CLSE

Data will be available soon

QDEF

Technology

39.27%

Finance

15.91%

Healthcare

10.43%

Consumer Non-Cycl.

9.8%

Other

24.59%

Diversification

CLSE

Data will be available soon

QDEF

Total weight of top 15 holdings out of 15

47.09%

Top 15 holdings

Data as of June 30, 2026

CLSE

Data will be available soon

QDEF

Apple, Inc.

7.72%

NVIDIA Corp.

6.32%

Broadcom Inc.

4.55%

Microsoft Corp.

3.26%

AbbVie, Inc.

3.13%

Johnson & Johnson

2.83%

KLA Corp.

2.62%

Alphabet, Inc.

2.47%

Procter & Gamble Co.

2.45%

Cisco Systems, Inc.

2.34%

Philip Morris International, Inc.

2.02%

JPMorgan Chase & Co.

2.01%

Alphabet, Inc.

1.98%

Lam Research Corp.

1.94%

QUALCOMM, Inc.

1.45%

Frequently asked questions about CLSE and QDEF

How have the CLSE and QDEF ETFs performed in 2026?

As of July 24, 2026, CLSE is up 24.06% year-to-date (YTD), while QDEF has returned 9.24%. That puts CLSE better performer ahead so far this year.

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

Year-to-date, the CLSE ETF saw +$434M in flows, compared to +$6M for QDEF.

Which ETF is more volatile: CLSE or QDEF?

Over the past year, CLSE had a volatility of 13.36%, while QDEF experienced 9.85%.

Which ETF is bigger: CLSE or QDEF?

As of July 24, 2026, CLSE holds $796.67 M in assets under management (AUM), while QDEF manages $540.01 M.

What sectors do the CLSE and QDEF ETFs invest in?

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

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

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

Which ETF is more diversified: CLSE or QDEF?

CLSE holds 696 securities with 29.71% of its assets in the top 15. QDEF has 134 securities and a top 15 weight of 47.09%.

ETF Central's Ultimate Guide to Dividend Investing, Part 4: Dividend Quality ETFs

July 16, 2024

QDEF

CLSEvsQDEFETF Comparison

Convergence Long/Short Equity ETF

FlexShares Quality Dividend Defensive Index Fund ETF

CLSE vs QDEF 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 QDEF ETFs performed in 2026?

As of July 24, 2026, CLSE is up 24.06% year-to-date (YTD), while QDEF has returned 9.24%. That puts CLSE better performer ahead so far this year.

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

Year-to-date, the CLSE ETF saw +$434M in flows, compared to +$6M for QDEF.

Which ETF is more volatile: CLSE or QDEF?

Over the past year, CLSE had a volatility of 13.36%, while QDEF experienced 9.85%.

Which ETF is bigger: CLSE or QDEF?

As of July 24, 2026, CLSE holds $796.67 M in assets under management (AUM), while QDEF manages $540.01 M.

What sectors do the CLSE and QDEF ETFs invest in?

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

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

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

Which ETF is more diversified: CLSE or QDEF?

CLSE holds 696 securities with 29.71% of its assets in the top 15. QDEF has 134 securities and a top 15 weight of 47.09%.

ETF Central's Ultimate Guide to Dividend Investing, Part 4: Dividend Quality ETFs

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