Convergence Long/Short Equity ETF (CLSE)
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Learn moreETF Summary
The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100% of the fund’s net assets. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | 21.33% |
| 5y Average Return | 18.15% |
|---|---|
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.72 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| |
CLSE | Category Average | CLSE | Category Average | CLSE | Category Average |
|
Alpha
|
10.21 | -0.77 | 8.88 | -0.38 | 4.15 | -0.95 |
|
BETA
|
0.72 | 0.54 | 0.61 | 0.52 | 0.63 | 0.54 |
|
Mean Annual Return
|
2.22 | 1.05 | 1.53 | 0.7 | 1.22 | 0.71 |
|
R-squared
|
64.92 | 52.77 | 64.67 | 51.74 | 67.76 | 56.91 |
|
Standard Deviation
|
11.39 | -- | 12.04 | -- | 12.22 | -- |
|
Sharpe Ratio
|
1.94 | 0.79 | 1.21 | 0.46 | 0.99 | 0.55 |
|
Treynor Ratio
|
34.5 | 17.09 | 25.06 | 13.47 | 19.31 | 11.42 |
