Convergence Long/Short Equity ETF (CLSE) is a ETF from Convergence Investment Partners and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CLSE returned +43.30% while VOO returned +24.01%. Year to date, CLSE is up 23.71% versus a gain of 13.31% for VOO.

Over three years, CLSE compounded at +29.88% per year against +21.17% for VOO. Across the full 4-year window we track, CLSE has the edge at +20.85% annualized vs +13.55%. Past performance does not guarantee future results.

VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.4% 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.

CLSE charges 1.52% per year while VOO charges 0.03%. On a $10,000 position that is $152 vs $3 annually, a gap of $149 per year that compounds over a long holding period. On income, CLSE currently yields 0.76% against 1.09% for VOO.