CLSE vs QQQ
Convergence Long/Short Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, CLSE or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. CLSE led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CLSE | QQQ |
|---|---|---|
| Expense Ratio | 1.52% | 0.18%Best |
| AUM | $901M | $483.5B |
| Dividend Yield | 0.78% | 0.44% |
| Holdings | 371 | 107 |
| YTD Return | +23.39%Best | +16.87% |
| 1Y Return | +33.02%Best | +22.98% |
| 3Y Return (annualized) | +28.96%Best | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 12.3%Best | 20.9% |
| Max Drawdown | -16.4%Best | -29.6% |
| $10,000 over 4.6 years | $23,382Best | $21,917 |
| Fund Family | Convergence Investment Partners | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Dec 29, 2009 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 22, 2022 to Sep 11, 2026 (4.6 years).
CLSE vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
CLSE vs QQQ Performance
Convergence Long/Short Equity ETF (CLSE) is an ETF from Convergence Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CLSE returned +33.02% while QQQ returned +22.98%. Year to date, CLSE is up 23.39% versus a gain of 16.87% for QQQ.
Over three years, CLSE compounded at +28.96% per year against +24.98% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 12.3% for CLSE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.4% for CLSE and -29.6% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CLSE charges 1.52% per year while QQQ charges 0.18%. On a $10,000 position that is $152 vs $18 annually, a gap of $134 per year that compounds over a long holding period. On income, CLSE currently yields 0.78% against 0.44% for QQQ.
Holdings Overlap
At least 70.8% of QQQ's money is in holdings CLSE also owns.
Only one direction is shown: for CLSE, our book for it lists positions totalling 116.6% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
Most of QQQ is already inside CLSE. Owning both mostly buys the same companies twice.
50 positions in common, counted across the 358 positions we hold weights for in CLSE and 102 in QQQ, against full books of 371 and 107.
Top Shared Holdings
| Stock | Weight in CLSE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.06% | 8.44% | 2.38% |
| AAPLApple, Inc | 2.08% | 7.27% | 5.19% |
| AMZNAmazon.Com Inc | 3.12% | 4.67% | 1.55% |
| MUMicron Technology, Inc. | 3.07% | 4.43% | 1.36% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.34% | 5.76% | 4.42% |
| AVGOBroadcom Inc | 3.39% | 3.16% | 0.23% |
| GOOGLAlphabet A Usd 0.001 | 2.58% | 3.36% | 0.78% |
| GOOGAlphabet Inc | 2.57% | 3.13% | 0.56% |
| AMDAdvanced Micro Devices Inc. | 1.53% | 3.45% | 1.92% |
| METAMeta Platforms, Inc. | 0.99% | 2.78% | 1.79% |
70.8% of QQQ is already inside CLSE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CLSE or QQQ?
CLSE has an expense ratio of 1.52% while QQQ charges 0.18%. QQQ is the cheaper option, by $134 a year on a $10,000 investment.
Which performed better, CLSE or QQQ?
Over the past year CLSE returned +33.02% vs +22.98% for QQQ, so CLSE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CLSE or QQQ?
QQQ has been the more volatile fund at 20.9% annualized versus 12.3% for CLSE. Worst drawdown: CLSE -16.4% vs QQQ -29.6%.
Should I hold both CLSE and QQQ?
CLSE and QQQ have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CLSE and QQQ?
At least 70.8% of QQQ's money is in holdings CLSE also owns. Our book for CLSE is partial, so the real figure is this or higher. They hold 50 positions in common, counted across the 358 positions we hold weights for in CLSE and 102 in QQQ.
Which pays a higher dividend, CLSE or QQQ?
CLSE yields 0.78% while QQQ yields 0.44%, so CLSE currently pays the higher dividend yield.
Is QQQ better than CLSE?
QQQ has a lower expense ratio. CLSE led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.