CLSE
StockConvergence Long/Short Equity ETF
Price
$33.26
as of Jul 2, 2026
All Time High: $34.45
Typical
Current Drawdown
-3.5%
Days in Drawdown
10
Avg Max Drawdown
1.9%
Avg Length
19
Drawdown Severity Score™
0.7
CLSE - Price & High Water Mark
CLSE - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Convergence Long/Short Equity ETF (CLSE) Analysis: Current Drawdown Insights
Convergence Long/Short Equity ETF is trading slightly below its recent peak. As of 2026-07-02, the stock price is $33.26, just 3.5% below its all-time high of $34.45.
Based on its full tracked price history, Convergence Long/Short Equity ETF typically experiences drawdowns averaging 1.9% in depth, with an average duration of 19 days. Convergence Long/Short Equity ETF has gone through 74 total drawdown events in its tracked history. The largest drawdown on record for Convergence Long/Short Equity ETF was 16.4%, beginning in 2025. The longest drawdown duration on record was 453 days.
The Drawdown Severity Score™ for Convergence Long/Short Equity ETF currently stands at 0.72. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range: a routine pullback.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Convergence Long/Short Equity ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 74 tracked pullbacks (57 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-06-22 | Ongoing | 10 days | -3.5% | $34.45 | $33.26 | n/a |
| 2026-06-16 | 2026-06-22 | 7 days | -1.1% | $34.45 | $34.08 | $34.45 |
| 2026-06-04 | 2026-06-15 | 12 days | -3.1% | $34.37 | $33.29 | $34.45 |
| 2026-05-28 | 2026-05-29 | 2 days | -0.1% | $33.63 | $33.58 | $33.80 |
| 2026-05-15 | 2026-05-26 | 12 days | -1.7% | $33.26 | $32.68 | $33.54 |
| 2026-05-12 | 2026-05-13 | 2 days | -0.4% | $33.02 | $32.89 | $33.20 |
| 2026-05-07 | 2026-05-08 | 2 days | -1.1% | $32.63 | $32.26 | $33.01 |
| 2026-04-28 | 2026-04-30 | 3 days | -0.7% | $31.23 | $31.02 | $31.29 |
| 2026-04-23 | 2026-04-27 | 5 days | -0.6% | $31.01 | $30.82 | $31.23 |
| 2026-04-20 | 2026-04-21 | 2 days | -0.3% | $30.62 | $30.53 | $30.63 |
| 2026-04-15 | 2026-04-17 | 3 days | -0.6% | $30.42 | $30.24 | $30.62 |
| 2026-02-26 | 2026-04-07 | 40 days | -4.8% | $28.87 | $27.47 | $28.98 |
| 2026-02-23 | 2026-02-25 | 3 days | -1.1% | $28.77 | $28.44 | $28.87 |
| 2026-02-09 | 2026-02-20 | 12 days | -1.6% | $28.64 | $28.17 | $28.77 |
| 2026-02-03 | 2026-02-06 | 4 days | -2.6% | $28.60 | $27.85 | $28.64 |
| 2026-01-30 | 2026-02-02 | 4 days | -0.9% | $28.50 | $28.25 | $28.60 |
| 2026-01-28 | 2026-01-29 | 2 days | -0.2% | $28.29 | $28.24 | $28.50 |
| 2026-01-14 | 2026-01-26 | 13 days | -0.9% | $27.81 | $27.56 | $27.95 |
| 2026-01-08 | 2026-01-12 | 5 days | -0.8% | $27.79 | $27.58 | $27.79 |
| 2025-12-29 | 2026-01-06 | 9 days | -1.5% | $27.74 | $27.33 | $27.77 |
| 2025-12-12 | 2025-12-19 | 8 days | -2.4% | $27.35 | $26.70 | $27.38 |
| 2025-12-01 | 2025-12-09 | 9 days | -1.3% | $27.09 | $26.73 | $27.13 |
| 2025-11-11 | 2025-11-28 | 18 days | -4.4% | $27.04 | $25.85 | $27.09 |
| 2025-10-30 | 2025-11-10 | 12 days | -1.4% | $26.77 | $26.39 | $27.04 |
| 2025-09-22 | 2025-10-24 | 33 days | -3.2% | $25.89 | $25.06 | $26.24 |
| 2025-09-16 | 2025-09-18 | 3 days | -0.7% | $25.73 | $25.56 | $25.73 |
| 2025-09-12 | 2025-09-15 | 4 days | -0.1% | $25.58 | $25.56 | $25.73 |
| 2025-09-05 | 2025-09-08 | 4 days | -0.4% | $24.90 | $24.81 | $24.97 |
| 2025-08-13 | 2025-09-04 | 23 days | -2.1% | $24.48 | $23.97 | $24.90 |
| 2025-08-05 | 2025-08-06 | 2 days | -0.7% | $23.97 | $23.81 | $24.05 |
| 2025-08-01 | 2025-08-04 | 4 days | -1.3% | $23.88 | $23.56 | $23.97 |
| 2025-01-24 | 2025-07-31 | 188 days | -16.4% | $23.85 | $19.93 | $23.88 |
| 2024-12-09 | 2025-01-21 | 44 days | -4.2% | $23.67 | $22.67 | $23.77 |
| 2024-11-13 | 2024-12-06 | 24 days | -2.6% | $23.59 | $22.97 | $23.67 |
| 2024-10-18 | 2024-11-05 | 19 days | -1.7% | $22.44 | $22.07 | $22.48 |
| 2024-10-15 | 2024-10-17 | 3 days | -0.6% | $22.38 | $22.25 | $22.44 |
| 2024-10-07 | 2024-10-08 | 2 days | -0.2% | $22.09 | $22.04 | $22.22 |
| 2024-10-01 | 2024-10-02 | 2 days | -0.3% | $21.86 | $21.79 | $21.89 |
| 2024-09-27 | 2024-09-30 | 4 days | -1.1% | $21.86 | $21.61 | $21.86 |
| 2024-09-24 | 2024-09-25 | 2 days | -0.1% | $21.76 | $21.73 | $21.77 |
| 2024-07-11 | 2024-09-19 | 71 days | -7.4% | $21.46 | $19.87 | $21.54 |
| 2024-06-20 | 2024-07-10 | 21 days | -1.4% | $21.35 | $21.05 | $21.46 |
| 2024-06-13 | 2024-06-17 | 5 days | -0.5% | $21.11 | $21.02 | $21.17 |
| 2024-06-11 | 2024-06-12 | 2 days | -1.0% | $20.97 | $20.75 | $21.11 |
| 2024-05-28 | 2024-06-10 | 14 days | -2.1% | $20.87 | $20.44 | $20.97 |
| 2024-05-22 | 2024-05-23 | 2 days | -0.3% | $20.60 | $20.53 | $20.63 |
| 2024-05-16 | 2024-05-21 | 6 days | -0.9% | $20.57 | $20.40 | $20.60 |
| 2024-05-09 | 2024-05-15 | 7 days | -1.0% | $20.50 | $20.30 | $20.57 |
| 2024-04-08 | 2024-05-08 | 31 days | -4.7% | $20.42 | $19.47 | $20.50 |
| 2024-04-04 | 2024-04-05 | 2 days | -1.0% | $20.34 | $20.14 | $20.42 |
| 2024-03-25 | 2024-04-03 | 10 days | -0.9% | $20.24 | $20.06 | $20.34 |
| 2024-02-16 | 2024-02-22 | 7 days | -2.0% | $18.78 | $18.41 | $18.87 |
| 2023-10-12 | 2023-11-09 | 29 days | -4.8% | $16.25 | $15.48 | $16.27 |
| 2023-09-12 | 2023-10-09 | 28 days | -2.1% | $15.96 | $15.62 | $16.03 |
| 2023-07-19 | 2023-08-31 | 44 days | -3.4% | $15.79 | $15.26 | $15.80 |
| 2022-04-21 | 2023-07-17 | 453 days | -14.3% | $15.55 | $13.33 | $15.67 |
| 2022-03-28 | 2022-04-20 | 24 days | -3.7% | $15.49 | $14.93 | $15.55 |
| 2022-03-04 | 2022-03-15 | 11 days | -3.6% | $15.09 | $14.56 | $15.11 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Convergence Long/Short Equity ETF (CLSE) is trading at $33.26 as of Jul 2, 2026. It is 3.5% below its high of $34.45. The drawdown has lasted 10 days. Severity score: 0.7 (Typical).
CLSE Price History and Drawdown Data
Latest price
$33.26
High-water mark
$34.45
Current drawdown
-3.5%
Days in drawdown
10
This CLSE page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Convergence Long/Short Equity ETF drawdowns.
What History Says About CLSE
Convergence Long/Short Equity ETF has dropped 5%+ from its high 3 times in its tracked history. These events lasted an average of 237 days with an average max drop of -12.7%.
The current drawdown of -3.5% has lasted 10 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2025 to Jul 2025 | -16.4% | 188 days |
| Apr 2022 to Jul 2023 | -14.3% | 453 days |
| Jul 2024 to Sep 2024 | -7.4% | 71 days |
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