CLSE vs VYM
CLSE vs VYM
Convergence Long/Short Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CLSE delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CLSE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.52% | 0.04% | |
| AUM | $803M | $79.0B | |
| Dividend Yield | 0.76% | 2.86% | |
| Holdings | 357 | 568 | |
| YTD Return | +22.44% | +15.20% | |
| 1Y Return | +40.43% | +25.56% | |
| 3Y Return (annualized) | +29.41% | +17.86% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 12.4% | 14.6% | |
| Max Drawdown | -16.4% | -58.8% | |
| Fund Family | Convergence Investment Partners | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 29, 2009 | Nov 10, 2006 |
CLSE vs VYM Performance
Convergence Long/Short Equity ETF (CLSE) is a ETF from Convergence Investment Partners and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CLSE returned +40.43% while VYM returned +25.56%. Year to date, CLSE is up 22.44% versus a gain of 15.20% for VYM.
Over three years, CLSE compounded at +29.41% per year against +17.86% for VYM. Across the full 5-year window we track, CLSE has the edge at +20.56% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLSE charges 1.52% per year while VYM charges 0.04%. On a $10,000 position that is $152 vs $4 annually, a gap of $148 per year that compounds over a long holding period. On income, CLSE currently yields 0.76% against 2.86% for VYM.
Holdings Overlap
CLSE and VYM share 111 holdings out of 816 unique holdings combined, representing a 18.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CLSE | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 1.42% | 6.47% | 5.05% |
| JNJ | 0.76% | 2.62% | 1.86% |
| WMT | 0.91% | 2.44% | 1.53% |
| XOM | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| DELL | Pro | Pro | Pro |
See all 10 holdings CLSE shares with VYM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CLSE or VYM?
CLSE has an expense ratio of 1.52% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $148 per year of difference.
Which performed better, CLSE or VYM?
Over the past year CLSE returned +40.43% vs +25.56% for VYM, so CLSE leads on 1-year performance. Over the longest common window we track (5 years), CLSE annualized +20.56% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, CLSE or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.4% for CLSE. Worst drawdown: CLSE -16.4% vs VYM -58.8%.
Should I hold both CLSE and VYM?
CLSE and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLSE and VYM?
CLSE and VYM share 111 common holdings with a 18.6% weight overlap. Combined, they hold 816 unique securities.
Which pays a higher dividend, CLSE or VYM?
CLSE yields 0.76% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.