CLSE vs RWLC
Convergence Long/Short Equity ETF against Rayliant NxtGen Multifactor US Equity ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
40%
50 shared positions
Fee gap
120 bp
RWLC is cheaper
1-year return gap
—
Larger fund
CLSE
$614M
Side by side
| CLSE | RWLC | |
|---|---|---|
| Fund | Convergence Long/Short Equity ETF | Rayliant NxtGen Multifactor US Equity ETF |
| Issuer | Convergence | Rayliant |
| Category | Long/Short & Market Neutral | Multi-Factor |
| Expense ratio | 1.52% | 0.32% |
| Assets | $614M | $97M |
| Average daily dollar volume | $15M | $324K |
| Listed | Dec 29, 2009 | Dec 15, 2021 |
| FrenzyCap score | 57 | 47 |
| 1-month return | −0.4% | +0.6% |
| 3-month return | −0.2% | +5.6% |
| Year to date | +24.4% | +18.4% |
| 1-year return | +31.0% | — |
| 30-day volatility | 7.4% | 10.7% |
| Worst drawdown, 1 year | −4.9% | −19.0% |
| Trailing 12-month yield | 0.77% | 12.40% |
| Holdings | 345 | 120 |
| Top 10 weight | 29.7% | 37.4% |
| Look-through P/E | 21.0 | 22.8 |
| Holdings vs fair value | +14.9% | +8.9% |
| Holdings above 200-day average | 60% | 78% |
| Net flow, latest 3 reported months | +$198M thru May 2026 | +$1.8M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 31, 2026SEC filing | as of Oct 9, 2026third-party data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
57% of CLSE · 67% of RWLC| Holding | CLSE | RWLC |
|---|---|---|
| NVDA | 4.67% | 6.48% |
| MU | 3.77% | 2.58% |
| GOOGL | 2.53% | 3.37% |
| GOOG | 2.53% | 2.88% |
| AMZN | 2.75% | 2.33% |
| LRCX | 3.12% | 2.12% |
| FTNT | 1.47% | 1.94% |
| AVGO | 2.98% | 1.25% |
| MSFT | 1.24% | 3.89% |
| DELL | 2.22% | 1.05% |
| WDC | 1.24% | 1.00% |
| META | 2.11% | 0.97% |
| ANET | 1.30% | 0.89% |
| AAPL | 0.83% | 8.94% |
| BNY | 0.78% | 1.47% |
| STT | 0.95% | 0.78% |
| TER | 0.73% | 0.98% |
| GM | 0.73% | 1.14% |
| EBAY | 0.73% | 0.73% |
| SNDK | 1.99% | 0.70% |
| FIX | 0.61% | 0.96% |
| CAH | 0.58% | 0.86% |
| MO | 0.57% | 1.91% |
| VLO | 0.57% | 1.92% |
| BMY | 0.79% | 0.51% |
Sector mix of the stock holdings
| Sector | CLSE | RWLC | Gap |
|---|---|---|---|
| Technology | 48.8% | 45.8% | +3.0% |
| Industrials | 12.5% | 10.2% | +2.3% |
| Financials | 12.2% | 9.6% | +2.7% |
| Health Care | 9.5% | 12.3% | −2.8% |
| Consumer Discretionary | 10.1% | 6.7% | +3.5% |
| Energy | 3.8% | 5.2% | −1.4% |
| Consumer Staples | 2.8% | 4.4% | −1.6% |
| Materials | 3.8% | 2.1% | +1.7% |
| Utilities | 2.8% | 2.0% | +0.8% |
| Communication Services | 2.4% | 1.2% | +1.2% |
| Real Estate | 2.5% | 0.1% | +2.5% |
More: full overlap table · CLSE holdings · RWLC holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.