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RWvsCLSEETF Comparison

ETF 1

RW

Rainwater Equity ETF

This fund is part of

Uncategorized Equities

+2.63%

Full RW fund page

VS

ETF 2

CLSE

Convergence Long/Short Equity ETF

This fund is part of

Alternatives

+1.06%

Full CLSE fund page

Rainwater Equity ETF (RW) belongs to the Uncategorized Equities segment. Convergence Long/Short Equity ETF (CLSE) is part of the Alternatives segment. RW's top 3 sector exposures are Information Technology, Industrials and Consumer Discretionary. In contrast, CLSE's top sector exposures are Information Technology, Financials and Communication Services. RW is more expensive with a Total Expense Ratio (TER) of 127%, versus 1.44% for CLSE. RW is up 0.88% year-to-date (YTD) with -$2M in YTD flows. CLSE performs better with 25.91% YTD performance, and +$309M in YTD flows. Run a side-by-side ETF comparison of RW 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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RW 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 06/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	RW CLSE	+3.50%+4.54%	+7.56%+22.62%	+0.88%+25.91%	+1.06%+51.18%	n/a+128.80%	n/an/a
Flows	RW CLSE	-$746K+$99M	-$2M+$240M	-$2M+$309M	+$18M+$357M	-+$497M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	RW CLSE	+20.36%+15.45%	+15.37%+13.29%	n/a+13.50%	n/an/a
Max drawdown	RW CLSE	-6.49%-3.93%	-16.87%-4.60%	n/a-15.76%	n/an/a
Max drawdown duration	RW CLSE	20d7d	151d40d	n/a188d	n/an/a

Trading data

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	RW	CLSE
Last sale 6/15/2026 at 1:30 PM	$25.08	$34.45
Previous close 06/15/2026	$24.88	$34.21
Consolidated volume 06/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/15/2026 at 1:30 PM

Live

Closed

	RW	CLSE
Last price	$25.08	$34.45
1D performance	+0.82%	+0.70%
AuM	$17.30 M	$682.30 M
E/R	127%	1.44%

Characteristics

	RW	CLSE
Management strategy	Active	Active
Provider	Rainwater	Convergence Investment Partners LLC
Benchmark	-	-
N° of holdings	489	325
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	June 18, 2025	February 22, 2022
ESG	No	No

More RW data on Trackinsight

More CLSE data on Trackinsight

Exposure

Countries

RW

USA

79.35%

United Kingdom

7.16%

Other

13.49%

CLSE

Data will be available soon

Sectors

RW

Information Techn.

32.62%

Industrials

30.73%

Other

36.65%

CLSE

Data will be available soon

Diversification

RW

Total weight of top 15 holdings out of 15

60.05%

CLSE

Data will be available soon

Top 15 holdings

Data as of April 30, 2026

RW

DIPLOMA

7.16%

US53947R1059

6.08%

HEICO

4.50%

API GROUP CORP

4.29%

ALPHABET INC-CL

4.12%

APPLE

3.95%

AMPHENOL

3.94%

NVIDIA

3.71%

CISCO-T

3.64%

BROADCOM LIMITED

3.53%

AMAZON.COM INC

3.28%

INTEL-T

3.15%

GENERAL ELECTRIC

3.14%

COMPOSECURE INC

2.85%

TRANSDIGM GROUP

2.72%

CLSE

Data will be available soon

Frequently asked questions about RW and CLSE

How have the RW and CLSE ETFs performed in 2026?

As of June 15, 2026, RW is up 0.88% year-to-date (YTD), while CLSE has returned 25.91%. That puts CLSE better performer ahead so far this year.

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

Year-to-date, the RW ETF saw -$2M in flows, compared to +$309M for CLSE.

Which ETF is more volatile: RW or CLSE?

Over the past year, RW had a volatility of 15.37%, while CLSE experienced 13.29%.

Which ETF is bigger: RW or CLSE?

As of June 15, 2026, RW holds $17.30 M in assets under management (AUM), while CLSE manages $682.30 M.

What sectors do the RW and CLSE ETFs invest in?

RW leans toward sectors like Information Technology and Industrials. Meanwhile, CLSE focuses on Information Technology, Financials and Communication Services.

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

RW top holdings include DIPLOMA, US53947R1059 and HEICO. CLSE holds in its top three: NVIDIA, BROADCOM LIMITED and MICRON TECHNOLOGY.

Which ETF is more diversified: RW or CLSE?

RW holds 518 securities with 60.05% of its assets in the top 15. CLSE has 351 securities and a top 15 weight of 36.7%.

Rainwater Equity Launches RW ETF, Targeting Durable, Recurring Revenue Businesses

June 23, 2025

RW

RWvsCLSEETF Comparison

Rainwater Equity ETF

Convergence Long/Short Equity ETF

RW 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 RW and CLSE ETFs performed in 2026?

As of June 15, 2026, RW is up 0.88% year-to-date (YTD), while CLSE has returned 25.91%. That puts CLSE better performer ahead so far this year.

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

Year-to-date, the RW ETF saw -$2M in flows, compared to +$309M for CLSE.

Which ETF is more volatile: RW or CLSE?

Over the past year, RW had a volatility of 15.37%, while CLSE experienced 13.29%.

Which ETF is bigger: RW or CLSE?

As of June 15, 2026, RW holds $17.30 M in assets under management (AUM), while CLSE manages $682.30 M.

What sectors do the RW and CLSE ETFs invest in?

RW leans toward sectors like Information Technology and Industrials. Meanwhile, CLSE focuses on Information Technology, Financials and Communication Services.

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

RW top holdings include DIPLOMA, US53947R1059 and HEICO. CLSE holds in its top three: NVIDIA, BROADCOM LIMITED and MICRON TECHNOLOGY.

Which ETF is more diversified: RW or CLSE?

RW holds 518 securities with 60.05% of its assets in the top 15. CLSE has 351 securities and a top 15 weight of 36.7%.

Rainwater Equity Launches RW ETF, Targeting Durable, Recurring Revenue Businesses

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