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IYZvsCLSEETF Comparison

ETF 1

IYZ

iShares U.S. Telecommunications ETF

This fund is part of

US Communication Services Sector

+0.25%

Full IYZ fund page

VS

ETF 2

CLSE

Convergence Long/Short Equity ETF

This fund is part of

Alternatives

+0.47%

Full CLSE fund page

iShares U.S. Telecommunications ETF (IYZ) belongs to the US Communication Services Sector segment. Convergence Long/Short Equity ETF (CLSE) is part of the Alternatives segment. IYZ's top 3 sector exposures are Technology, Telecommunications and Consumer Services. In contrast, CLSE's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. IYZ is less expensive with a Total Expense Ratio (TER) of 0.37%, versus 1.52% for CLSE. IYZ is up 29.54% year-to-date (YTD) with +$364M in YTD flows. CLSE performs worse with 22.52% YTD performance, and +$497M in YTD flows. Run a side-by-side ETF comparison of IYZ 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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IYZ vs CLSE 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 08/07/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IYZ CLSE	+7.50%-0.20%	+6.30%+3.96%	+29.54%+22.52%	+46.84%+38.87%	+108.98%+114.78%	+44.35%n/a
Flows	IYZ CLSE	-$76M+$120M	+$135M+$321M	+$364M+$497M	+$445M+$545M	+$576M+$685M	+$563M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IYZ CLSE	+25.18%+12.95%	+20.12%+13.38%	+17.90%+13.57%	+19.30%n/a
Max drawdown	IYZ CLSE	-13.40%-3.47%	-13.40%-4.60%	-13.93%-15.76%	-39.73%n/a
Max drawdown duration	IYZ CLSE	66d46d	66d40d	207d188d	1462dn/a

Trading data

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	IYZ	CLSE
Last sale 8/7/2026 at 1:30 PM	$43.60	$33.53
Previous close 08/06/2026	$43.40	$33.77
Consolidated volume 08/06/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

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CLSE

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 8/7/2026 at 1:30 PM

Live

Closed

	IYZ	CLSE
Last price	$43.60	$33.53
1D performance	+0.46%	-0.71%
AuM	$1.24 B	$849.08 M
E/R	0.37%	1.52%

Characteristics

	IYZ	CLSE
Management strategy	Passive	Active
Provider	iShares	Convergence Investment Partners LLC
Benchmark	Russell 1000 Telecommunications RIC 22.5/45 Capped Index	-
N° of holdings	23	688
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	May 22, 2000	February 22, 2022
ESG	No	No

More IYZ data on Trackinsight

More CLSE data on Trackinsight

Exposure

Countries

IYZ

USA

92.3%

Other

7.7%

CLSE

Data will be available soon

Sectors

IYZ

Technology

50.87%

Telecommunication.

43.06%

Other

6.07%

CLSE

Data will be available soon

Diversification

IYZ

Total weight of top 15 holdings out of 15

83.12%

CLSE

Data will be available soon

Top 15 holdings

Data as of June 30, 2026

IYZ

Cisco Systems, Inc.

22.61%

Arista Networks, Inc.

11.02%

Verizon Communications, Inc.

10.98%

AT&T, Inc.

4.17%

Comcast Corp.

3.79%

Ciena Corp.

3.63%

Motorola Solutions, Inc.

3.42%

US84615Q1031

3.38%

T-Mobile US, Inc.

3.34%

Lumentum Holdings, Inc.

3.19%

Iridium Communications, Inc.

2.95%

AST Spacemobile, Inc.

2.78%

Charter Communications, Inc.

2.70%

Roku, Inc.

2.63%

Millicom International Cellular SA

2.53%

CLSE

Data will be available soon

Frequently asked questions about IYZ and CLSE

How have the IYZ and CLSE ETFs performed in 2026?

As of August 7, 2026, IYZ is up 29.54% year-to-date (YTD), while CLSE has returned 22.52%. That puts IYZ better performer ahead so far this year.

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

Year-to-date, the IYZ ETF saw +$364M in flows, compared to +$497M for CLSE.

Which ETF is more volatile: IYZ or CLSE?

Over the past year, IYZ had a volatility of 20.12%, while CLSE experienced 13.38%.

Which ETF is bigger: IYZ or CLSE?

As of August 7, 2026, IYZ holds $1.24 B in assets under management (AUM), while CLSE manages $849.08 M.

What sectors do the IYZ and CLSE ETFs invest in?

IYZ leans toward sectors like Technology and Telecommunications. Meanwhile, CLSE focuses on Technology and Finance.

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

IYZ top holdings include Cisco Systems, Inc., Arista Networks, Inc. and Verizon Communications, Inc.. CLSE holds in its top three: NVIDIA Corp., Lam Research Corp. and Alphabet, Inc..

IYZvsCLSEETF Comparison

iShares U.S. Telecommunications ETF

Convergence Long/Short Equity ETF

IYZ vs CLSE 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 IYZ and CLSE ETFs performed in 2026?

As of August 7, 2026, IYZ is up 29.54% year-to-date (YTD), while CLSE has returned 22.52%. That puts IYZ better performer ahead so far this year.

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

Year-to-date, the IYZ ETF saw +$364M in flows, compared to +$497M for CLSE.

Which ETF is more volatile: IYZ or CLSE?

Over the past year, IYZ had a volatility of 20.12%, while CLSE experienced 13.38%.

Which ETF is bigger: IYZ or CLSE?

As of August 7, 2026, IYZ holds $1.24 B in assets under management (AUM), while CLSE manages $849.08 M.

What sectors do the IYZ and CLSE ETFs invest in?

IYZ leans toward sectors like Technology and Telecommunications. Meanwhile, CLSE focuses on Technology and Finance.

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

IYZ top holdings include Cisco Systems, Inc., Arista Networks, Inc. and Verizon Communications, Inc.. CLSE holds in its top three: NVIDIA Corp., Lam Research Corp. and Alphabet, Inc..

Which ETF is more diversified: IYZ or CLSE?

IYZ holds 25 securities with 83.12% of its assets in the top 15. CLSE has 696 securities and a top 15 weight of 29.71%.

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