LBAYvsCLSEETF Comparison
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Leatherback Long/Short Alternative Yield ETF (LBAY) and Convergence Long/Short Equity ETF (CLSE) belong to the same industry segment: Alternatives. LBAY is less expensive with a Total Expense Ratio (TER) of 1.2%, versus 1.52% for CLSE. LBAY is up 12.46% year-to-date (YTD) with -$7M in YTD flows. CLSE performs better with 24.56% YTD performance, and +$654M in YTD flows. Run a side-by-side ETF comparison of LBAY 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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LBAY vs CLSE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LBAY CLSE | -1.53%-0.21% | +5.59%+0.06% | +12.46%+24.56% | +11.94%+32.87% | +17.53%+110.84% | +32.77%n/a |
| Flows | LBAY CLSE | -$667K+$94M | -$1M+$264M | -$7M+$654M | -$8M+$686M | -$47M+$842M | +$18M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LBAY CLSE | +17.33%+8.78% | +17.74%+12.98% | +14.40%+13.46% | +14.07%n/a |
| Max drawdown | LBAY CLSE | -12.62%-3.12% | -13.57%-4.60% | -14.73%-15.76% | -16.53%n/a |
| Max drawdown duration | LBAY CLSE | 52d43d | 179d40d | 470d188d | 1122dn/a |
Trading data
LBAY | CLSE | |
Last sale 10/16/2026 at 1:30 PM | $27.06 | $33.74 |
| Previous close 10/15/2026 | $26.47 | $34.05 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
LBAY | CLSE | |
|---|---|---|
| Last price | $27.06 | $33.74 |
| 1D performance | +2.21% | -0.91% |
| AuM | $17.22 M | $1.02 B |
| E/R | 1.2% | 1.52% |
Characteristics
LBAY | CLSE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Leatherback Asset Management | Convergence Investment Partners LLC |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 16, 2020 | February 22, 2022 |
| ESG | No | No |
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Exposure
Countries
LBAY
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CLSE
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Sectors
LBAY
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CLSE
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Diversification
LBAY
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CLSE
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Top 15 holdings
Data as of January 1, 1970
LBAY
Data will be available soon
CLSE
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Frequently asked questions about LBAY and CLSE
How have the LBAY and CLSE ETFs performed in 2026?
As of October 15, 2026, LBAY is up 12.46% year-to-date (YTD), while CLSE has returned 24.56%. That puts CLSE better performer ahead so far this year.
Which ETF is attracting more investor money: LBAY or CLSE?
Year-to-date, the LBAY ETF saw -$7M in flows, compared to +$654M for CLSE.
Which ETF is more volatile: LBAY or CLSE?
Over the past year, LBAY had a volatility of 17.74%, while CLSE experienced 12.98%.
Which ETF is bigger: LBAY or CLSE?
As of October 15, 2026, LBAY holds $17.22 M in assets under management (AUM), while CLSE manages $1.02 B.
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