FTLSvsCLSEETF Comparison
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First Trust Long/Short Equity ETF (FTLS) and Convergence Long/Short Equity ETF (CLSE) belong to the same industry segment: Alternatives. FTLS is less expensive with a Total Expense Ratio (TER) of 1.38%, versus 1.52% for CLSE. FTLS is up 8.97% year-to-date (YTD) with +$312M in YTD flows. CLSE performs better with 19.92% YTD performance, and +$675M in YTD flows. Run a side-by-side ETF comparison of FTLS and CLSE 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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FTLS vs CLSE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTLS CLSE | +0.39%-3.51% | +3.68%-3.18% | +8.97%+19.92% | +9.13%+23.61% | +52.19%+109.37% | +62.80%n/a |
| Flows | FTLS CLSE | +$85M+$62M | +$123M+$205M | +$312M+$675M | +$397M+$704M | +$1.35B+$863M | +$1.62B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTLS CLSE | +6.14%+9.37% | +7.13%+13.09% | +8.67%+13.48% | +9.40%n/a |
| Max drawdown | FTLS CLSE | -1.81%-5.02% | -3.80%-5.02% | -11.43%-15.76% | -11.43%n/a |
| Max drawdown duration | FTLS CLSE | 16d17d | 65d17d | 214d188d | 214dn/a |
Trading data
FTLS | CLSE | |
Last sale 10/30/2026 at 1:30 PM | $76.42 | $32.77 |
| Previous close 10/29/2026 | $76.89 | $33.16 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
FTLS | CLSE | |
|---|---|---|
| Last price | $76.42 | $32.77 |
| 1D performance | -0.61% | -1.18% |
| AuM | $2.66 B | $1.00 B |
| E/R | 1.38% | 1.52% |
Characteristics
FTLS | CLSE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Convergence Investment Partners LLC |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 8, 2014 | February 22, 2022 |
| ESG | No | No |
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Exposure
Countries
FTLS
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CLSE
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Sectors
FTLS
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CLSE
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Diversification
FTLS
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CLSE
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Top 15 holdings
Data as of January 1, 1970
FTLS
Data will be available soon
CLSE
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Frequently asked questions about FTLS and CLSE
How have the FTLS and CLSE ETFs performed in 2026?
As of October 29, 2026, FTLS is up 8.97% year-to-date (YTD), while CLSE has returned 19.92%. That puts CLSE better performer ahead so far this year.
Which ETF is attracting more investor money: FTLS or CLSE?
Year-to-date, the FTLS ETF saw +$312M in flows, compared to +$675M for CLSE.
Which ETF is more volatile: FTLS or CLSE?
Over the past year, FTLS had a volatility of 7.13%, while CLSE experienced 13.09%.
Which ETF is bigger: FTLS or CLSE?
As of October 29, 2026, FTLS holds $2.66 B in assets under management (AUM), while CLSE manages $1.00 B.
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