BIV vs. CLSE ETF Comparison

Comparison of Vanguard Intermediate-Term Bond ETF (BIV) to Convergence Long/Short Equity ETF (CLSE)

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.96

Average Daily Volume

1,225,011

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.78

Average Daily Volume

67,757

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	BIV	CLSE
30 Days	-0.04%	5.78%
60 Days	-2.70%	7.99%
90 Days	-1.40%	9.94%
12 Months	6.85%	40.28%

107 Overlapping Holdings

Symbol	Grade	Weight in BIV	Weight in CLSE	Overlap
AAPL	A	0.01%	0.83%	0.01%
ABBV	D	0.05%	0.72%	0.05%
AES	F	0.01%	-0.08%	-0.08%
AGO	B	0.01%	-0.16%	-0.16%
AL	B	0.01%	-0.18%	-0.18%
ALL	A	0.01%	0.45%	0.01%
AMG	B	0.02%	0.58%	0.02%
AMZN	B	0.02%	2.53%	0.02%
APD	A	0.01%	-0.15%	-0.15%
APH	B	0.01%	0.67%	0.01%
APTV	F	0.01%	-0.32%	-0.32%
ATO	A	0.01%	-0.1%	-0.1%
AVGO	D	0.01%	2.28%	0.01%
AVT	C	0.01%	0.66%	0.01%
AWK	D	0.01%	-0.26%	-0.26%
BA	F	0.01%	-0.4%	-0.4%
BAC	A	0.01%	0.81%	0.01%
BC	D	0.02%	-0.08%	-0.08%
BEN	C	0.01%	-0.36%	-0.36%
BHF	B	0.01%	-0.16%	-0.16%
BKNG	A	0.01%	0.44%	0.01%
BLK	C	0.01%	0.65%	0.01%
BMY	B	0.01%	1.11%	0.01%
C	B	0.01%	-0.19%	-0.19%
CAH	B	0.03%	0.86%	0.03%
CHRW	C	0.02%	0.61%	0.02%
CHTR	B	0.02%	-0.48%	-0.48%
CINF	A	0.01%	0.12%	0.01%
CMA	A	0.01%	0.71%	0.01%
CNA	B	0.01%	0.37%	0.01%
CNH	B	0.01%	-0.18%	-0.18%
CVS	D	0.01%	0.29%	0.01%
DELL	C	0.01%	-0.25%	-0.25%
DG	F	0.01%	-0.4%	-0.4%
DLR	A	0.02%	-0.13%	-0.13%
DLTR	D	0.03%	-0.41%	-0.41%
EL	F	0.01%	-0.12%	-0.12%
EQIX	A	0.01%	-0.14%	-0.14%
EQR	A	0.01%	0.35%	0.01%
EW	C	0.01%	-0.16%	-0.16%
EXPE	B	0.02%	0.61%	0.02%
EXR	C	0.01%	-0.13%	-0.13%
FITB	B	0.01%	0.78%	0.01%
FOXA	C	0.02%	0.14%	0.02%
GE	C	0.02%	-0.46%	-0.46%
GILD	B	0.01%	1.07%	0.01%
GM	C	0.01%	0.87%	0.01%
GOOGL	C	0.02%	3.47%	0.02%
HD	B	0.01%	1.13%	0.01%
HSY	F	0.01%	-0.24%	-0.24%
HUN	F	0.01%	-0.07%	-0.07%
ILMN	C	0.01%	0.1%	0.01%
INTC	D	0.01%	-0.93%	-0.93%
JNJ	D	0.01%	0.83%	0.01%
JPM	B	0.01%	0.64%	0.01%
KEY	B	0.01%	-0.25%	-0.25%
KR	A	0.01%	0.17%	0.01%
KRG	A	0.01%	-0.17%	-0.17%
LDOS	D	0.02%	0.55%	0.02%
LRCX	F	0.02%	0.0%	0.0%
MDT	D	0.01%	0.29%	0.01%
MET	A	0.02%	0.52%	0.02%
MKL	A	0.01%	-0.14%	-0.14%
MLM	B	0.01%	-0.13%	-0.13%
MO	A	0.01%	0.79%	0.01%
MU	F	0.02%	2.13%	0.02%
NDAQ	A	0.01%	-0.3%	-0.3%
NEM	F	0.02%	0.22%	0.02%
NSC	A	0.01%	-0.1%	-0.1%
NTAP	B	0.01%	1.0%	0.01%
NTRS	A	0.01%	1.08%	0.01%
NVDA	C	0.03%	4.61%	0.03%
NVR	D	0.01%	0.24%	0.01%
ORCL	B	0.01%	1.33%	0.01%
OSK	B	0.01%	-0.16%	-0.16%
PG	A	0.01%	0.45%	0.01%
PGR	A	0.02%	0.46%	0.02%
PNC	A	0.01%	0.72%	0.01%
PNW	A	0.01%	0.48%	0.01%
PRU	A	0.01%	0.13%	0.01%
PSA	C	0.01%	-0.23%	-0.23%
PYPL	B	0.02%	1.33%	0.02%
QCOM	F	0.02%	1.73%	0.02%
R	A	0.01%	0.38%	0.01%
REXR	F	0.01%	-0.14%	-0.14%
RF	B	0.01%	0.72%	0.01%
RGA	A	0.01%	0.55%	0.01%
RNR	C	0.01%	-0.15%	-0.15%
ROP	B	0.01%	-0.7%	-0.7%
RYN	C	0.01%	-0.07%	-0.07%
SPG	A	0.01%	0.37%	0.01%
SRE	B	0.01%	-0.2%	-0.2%
STLD	B	0.01%	-0.13%	-0.13%
SYF	A	0.02%	1.11%	0.02%
T	A	0.01%	0.29%	0.01%
TMUS	A	0.04%	0.7%	0.04%
TSN	B	0.03%	0.6%	0.03%
TXN	D	0.01%	-0.81%	-0.81%
UHS	D	0.02%	0.7%	0.02%
UNP	C	0.01%	0.47%	0.01%
VLO	C	0.01%	0.29%	0.01%
VMC	B	0.01%	-0.13%	-0.13%
WFC	A	0.04%	0.75%	0.04%
WMT	A	0.01%	1.82%	0.01%
WTRG	B	0.01%	-0.24%	-0.24%
XYL	D	0.01%	-0.23%	-0.23%
ZION	B	0.01%	0.71%	0.01%

BIV Overweight 377 Positions Relative to CLSE

Symbol	Grade	Weight
WIT	A	0.35%
DT	C	0.11%
MSFT	C	0.1%
AXP	A	0.05%
DD	D	0.05%
BIIB	F	0.04%
MS	C	0.04%
CB	C	0.03%
KOF	F	0.03%
SLB	C	0.03%
RJF	A	0.03%
BWA	D	0.03%
BMO	B	0.03%
ESGR	B	0.03%
NOW	A	0.03%
BABA	D	0.03%
LVS	C	0.02%
NI	A	0.02%
LMT	D	0.02%
MRO	B	0.02%
INVH	D	0.02%
KLAC	D	0.02%
EOG	C	0.02%
EBAY	C	0.02%
CTAS	A	0.02%
BR	A	0.02%
ADI	D	0.02%
CPB	D	0.02%
XRAY	F	0.02%
QRVO	F	0.02%
MOS	F	0.02%
MTB	B	0.02%
HST	C	0.02%
HPQ	B	0.02%
HIG	A	0.02%
HAL	C	0.02%
EFX	D	0.02%
DAL	B	0.02%
EA	B	0.02%
DXC	B	0.02%
DOX	D	0.02%
ETN	A	0.02%
CNO	A	0.02%
ADP	A	0.02%
ADM	D	0.02%
ARCC	A	0.02%
AAP	C	0.02%
TEL	C	0.02%
SYK	B	0.02%
VRSN	C	0.02%
ZBH	C	0.02%
TRMB	B	0.02%
RL	B	0.02%
DOC	C	0.02%
REGN	F	0.02%
ADBE	C	0.02%
MCD	D	0.02%
GSK	F	0.02%
WAB	A	0.02%
WY	D	0.02%
PH	A	0.02%
GD	F	0.02%
CRM	B	0.02%
DFS	B	0.02%
CAG	D	0.02%
SYY	C	0.02%
MPLX	A	0.02%
VTRS	B	0.02%
ET	A	0.02%
MMC	A	0.02%
BSX	B	0.02%
NWG	C	0.02%
MRK	D	0.02%
HCA	F	0.02%
CARR	D	0.02%
NOC	D	0.02%
VOD	D	0.02%
MUFG	C	0.02%
WTFC	B	0.01%
SKT	A	0.01%
RS	B	0.01%
ROST	C	0.01%
PWR	A	0.01%
SAVE	D	0.01%
GBDC	B	0.01%
ALLE	D	0.01%
AXS	A	0.01%
CHD	B	0.01%
CE	F	0.01%
CBT	D	0.01%
THG	A	0.01%
UNM	A	0.01%
TME	F	0.01%
NOV	D	0.01%
OGS	B	0.01%
IFF	D	0.01%
L	A	0.01%
JCI	C	0.01%
KMT	C	0.01%
KMPR	B	0.01%
EPRT	A	0.01%
VNO	B	0.01%
WU	D	0.01%
TKR	D	0.01%
WLK	F	0.01%
SNA	A	0.01%
SF	B	0.01%
PSEC	D	0.01%
DOV	A	0.01%
AFG	A	0.01%
WBS	B	0.01%
LII	B	0.01%
OCSL	D	0.01%
MCY	A	0.01%
PDM	D	0.01%
MP	B	0.01%
EMN	D	0.01%
FSK	A	0.01%
LXP	D	0.01%
OPI	F	0.01%
BDN	C	0.01%
AMH	C	0.01%
WEC	A	0.01%
WB	D	0.01%
VRSK	A	0.01%
VNT	C	0.01%
WPC	D	0.01%
SITC	F	0.01%
PKG	A	0.01%
RPM	B	0.01%
PHM	D	0.01%
PFG	C	0.01%
SCS	B	0.01%
SAFE	D	0.01%
PPG	D	0.01%
SON	D	0.01%
SNX	C	0.01%
FMC	D	0.01%
FLS	A	0.01%
FLO	C	0.01%
BBY	D	0.01%
BAX	F	0.01%
AIZ	A	0.01%
CMI	A	0.01%
CME	A	0.01%
AVB	A	0.01%
AGR	B	0.01%
AEE	A	0.01%
ARW	D	0.01%
ADC	A	0.01%
ACGL	D	0.01%
BKU	B	0.01%
AAT	A	0.01%
OGE	A	0.01%
NVT	B	0.01%
MCO	A	0.01%
NUE	D	0.01%
GPC	D	0.01%
GP	F	0.01%
HR	A	0.01%
HP	C	0.01%
INTU	C	0.01%
HIW	D	0.01%
JD	D	0.01%
IEX	B	0.01%
GXO	B	0.01%
EPR	D	0.01%
DHR	D	0.01%
DHI	D	0.01%
FTNT	B	0.01%
FRT	A	0.01%
STE	F	0.01%
ROK	B	0.01%
SBRA	B	0.01%
REG	A	0.01%
PRE	D	0.01%
MAS	D	0.01%
NHI	D	0.01%
NEU	C	0.01%
MHK	D	0.01%
LIN	D	0.01%
AYI	C	0.01%
BRO	A	0.01%
BNS	A	0.01%
BKH	B	0.01%
AAL	B	0.01%
BERY	B	0.01%
AMCR	D	0.01%
CP	F	0.01%
UDR	B	0.01%
WBA	F	0.01%
TD	F	0.01%
TSCO	D	0.01%
SWX	B	0.01%
SWKS	D	0.01%
VOYA	B	0.01%
KEX	B	0.01%
ITW	A	0.01%
HUBB	B	0.01%
HPP	F	0.01%
JNPR	F	0.01%
KSS	F	0.01%
KRC	C	0.01%
EIX	A	0.01%
DVN	F	0.01%
CTVA	A	0.01%
FAF	B	0.01%
DRI	B	0.01%
DSS	F	0.01%
NFG	B	0.01%
LLY	D	0.01%
OC	B	0.01%
LEG	F	0.01%
MRVL	B	0.01%
KIM	A	0.01%
MAA	B	0.01%
ORLY	A	0.01%
LNT	A	0.01%
OMC	C	0.01%
LAZ	B	0.01%
KEYS	B	0.01%
K	A	0.01%
HRB	D	0.01%
IPG	C	0.01%
INGR	B	0.01%
HII	D	0.01%
HBAN	B	0.01%
JBL	C	0.01%
EMR	A	0.01%
DGX	B	0.01%
DE	B	0.01%
ED	C	0.01%
CUBE	D	0.01%
FLEX	B	0.01%
DOW	F	0.01%
CNP	A	0.01%
CMS	B	0.01%
AVY	D	0.01%
ADSK	B	0.01%
CFG	B	0.01%
BIDU	F	0.01%
UPS	C	0.01%
TGT	F	0.01%
WELL	A	0.01%
TXT	D	0.01%
TT	A	0.01%
SUI	D	0.01%
VFC	B	0.01%
TJX	A	0.01%
WM	A	0.01%
PM	A	0.01%
SJM	C	0.01%
RPRX	D	0.01%
SO	C	0.01%
NNN	D	0.01%
LNC	B	0.01%
LH	B	0.01%
LEA	D	0.01%
MPC	D	0.01%
HUM	C	0.01%
GLPI	B	0.01%
GL	C	0.01%
JEF	A	0.01%
HAS	D	0.01%
H	B	0.01%
KMB	C	0.01%
ESS	B	0.01%
ES	D	0.01%
FNF	B	0.01%
CSL	B	0.01%
EVRG	A	0.01%
ETR	A	0.01%
AZO	B	0.01%
CLX	C	0.01%
BRX	A	0.01%
A	D	0.01%
BG	D	0.01%
CBOE	B	0.01%
AN	B	0.01%
VTR	C	0.01%
SWK	D	0.01%
ZTS	F	0.01%
PSX	C	0.01%
SPGI	B	0.01%
AZN	D	0.01%
AFL	A	0.01%
AER	A	0.01%
BK	A	0.01%
CCI	D	0.01%
AMAT	F	0.01%
LEN	D	0.01%
MSI	B	0.01%
GPN	C	0.01%
GIS	D	0.01%
ICE	D	0.01%
EQNR	D	0.01%
FDX	B	0.01%
ECL	D	0.01%
NKE	F	0.01%
PAA	B	0.01%
MKC	D	0.01%
MA	A	0.01%
LYB	F	0.01%
MMM	C	0.01%
OHI	C	0.01%
O	D	0.01%
NXPI	D	0.01%
HRL	D	0.01%
TDY	B	0.01%
STT	A	0.01%
TMO	F	0.01%
WEST	C	0.01%
WHR	B	0.01%
PLD	D	0.01%
RSG	A	0.01%
FANG	F	0.01%
CSX	B	0.01%
BXP	C	0.01%
XEL	A	0.01%
PEG	A	0.01%
SBUX	B	0.01%
AEP	C	0.01%
AON	A	0.01%
EQH	B	0.01%
DTE	C	0.01%
FIS	D	0.01%
CAT	B	0.01%
STZ	F	0.01%
EPD	A	0.01%
DB	D	0.01%
COF	B	0.01%
OTIS	C	0.01%
OKE	B	0.01%
LHX	C	0.01%
MDLZ	F	0.01%
KDP	D	0.01%
WMB	B	0.01%
V	A	0.01%
SHW	A	0.01%
PEP	F	0.01%
DUK	C	0.01%
EXC	C	0.01%
AMT	D	0.01%
COP	D	0.01%
USB	A	0.01%
HON	B	0.01%
D	C	0.01%
CVX	A	0.01%
MAR	A	0.01%
LUV	C	0.01%
CPT	A	0.01%
AMGN	F	0.01%
TFC	B	0.01%
PFE	D	0.01%
SCHW	A	0.01%
ARE	D	0.01%
ABT	B	0.01%
HES	B	0.01%
KO	D	0.01%
DIS	B	0.01%
LOW	C	0.01%
UNH	B	0.01%
AIG	B	0.01%
KMI	B	0.01%
BDX	F	0.01%
NEE	D	0.01%
XOM	C	0.01%
CI	D	0.01%
COST	A	0.01%
RTX	D	0.01%
IBM	C	0.01%
UAL	B	0.01%
PCG	A	0.01%
GS	A	0.01%
HSBC	B	0.01%
VZ	B	0.01%
CMCSA	C	0.01%

BIV Underweight 230 Positions Relative to CLSE

Symbol	Grade	Weight
META	D	-3.3%
APP	B	-2.25%
HPE	B	-1.92%
CVNA	B	-1.85%
ANET	C	-1.83%
IDCC	A	-1.51%
GDDY	A	-1.42%
CVLT	A	-1.4%
DOCU	B	-1.37%
ACIW	B	-1.3%
TSLA	B	-1.22%
JHG	A	-1.21%
NTNX	B	-1.16%
SNEX	B	-1.06%
PLTR	B	-1.02%
LNG	A	-0.97%
SEIC	A	-0.95%
HALO	F	-0.9%
AMRX	D	-0.9%
BFH	B	-0.88%
COR	A	-0.86%
PPC	C	-0.85%
GVA	B	-0.84%
MLI	C	-0.84%
CARG	B	-0.83%
PRIM	B	-0.8%
NFLX	B	-0.79%
THC	D	-0.78%
DVA	A	-0.78%
IESC	B	-0.77%
CPNG	C	-0.77%
EME	B	-0.75%
CNX	B	-0.74%
FTI	A	-0.74%
UTHR	B	-0.73%
STRL	B	-0.71%
NRG	B	-0.71%
CEIX	B	-0.7%
GEN	A	-0.68%
VRT	B	-0.68%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	A	-0.66%
MWA	B	-0.65%
FFIV	A	-0.6%
FTDR	B	-0.58%
VST	B	-0.55%
GLW	B	-0.52%
SLVM	B	-0.5%
GOOG	C	-0.49%
UI	B	-0.49%
EXP	B	-0.48%
CACI	D	-0.48%
AVA	B	-0.47%
DUOL	B	-0.45%
LPX	B	-0.43%
CTRE	D	-0.42%
SCCO	F	-0.41%
RMD	C	-0.4%
JXN	B	-0.39%
SR	A	-0.38%
CF	B	-0.37%
GRMN	B	-0.37%
OUT	A	-0.36%
CCL	B	-0.35%
CDP	C	-0.34%
RGLD	C	-0.32%
CNC	F	-0.31%
PTON	B	-0.31%
LAMR	C	-0.31%
J	D	-0.31%
MPWR	F	-0.3%
IIPR	D	-0.28%
APA	F	-0.25%
VRTX	D	-0.23%
MATX	C	-0.22%
TOL	B	-0.22%
EEFT	B	-0.22%
FLR	B	-0.21%
JLL	B	-0.2%
MUSA	A	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
NTRA	B	-0.17%
BOX	A	-0.17%
JAZZ	B	-0.16%
EXPD	D	-0.14%
FN	D	-0.13%
VCTR	A	-0.12%
VCYT	A	-0.12%
CDE	D	-0.11%
AEIS	B	-0.07%
INCY	B	-0.07%
HQY	B	-0.07%
QQQ	A	-0.0%
LNTH	D	-0.0%
PENN	C	--0.05%
KNX	B	--0.06%
HGV	C	--0.06%
EXAS	D	--0.07%
COOP	B	--0.07%
CCS	D	--0.07%
JOE	F	--0.08%
FLYW	C	--0.08%
GNTX	C	--0.09%
JBLU	F	--0.09%
MCW	C	--0.1%
ABG	B	--0.1%
ACVA	B	--0.11%
ENPH	F	--0.11%
CGON	D	--0.11%
RBA	B	--0.12%
FL	D	--0.12%
PCH	C	--0.12%
AVAV	D	--0.13%
ALIT	C	--0.13%
BPOP	B	--0.14%
PYCR	C	--0.14%
DAY	B	--0.14%
ARWR	D	--0.14%
AA	A	--0.14%
CZR	D	--0.15%
COLD	D	--0.15%
GTLS	A	--0.15%
CRL	D	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
XPO	B	--0.16%
LGIH	D	--0.16%
DAR	C	--0.16%
ALB	C	--0.16%
UHAL	D	--0.16%
SITE	C	--0.16%
SW	B	--0.17%
TEX	D	--0.17%
TREX	C	--0.17%
MDGL	B	--0.17%
LKQ	D	--0.17%
MASI	B	--0.17%
AJG	A	--0.17%
ENOV	C	--0.18%
CHDN	C	--0.18%
UEC	B	--0.18%
EBC	B	--0.18%
AGCO	D	--0.18%
COTY	F	--0.18%
BRKR	F	--0.18%
WAL	B	--0.19%
AIR	B	--0.19%
KNSL	B	--0.2%
GATX	B	--0.2%
BIRK	D	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	A	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	B	--0.22%
MTN	C	--0.22%
SAIA	B	--0.22%
SUM	B	--0.22%
EQT	B	--0.23%
ELF	C	--0.24%
IONS	D	--0.24%
GPOR	B	--0.24%
CELH	F	--0.24%
LW	C	--0.25%
BILL	B	--0.26%
NEOG	F	--0.26%
AUR	C	--0.26%
VAL	F	--0.27%
FOUR	B	--0.27%
STNE	F	--0.27%
TEAM	B	--0.27%
MSCI	B	--0.27%
PTEN	C	--0.27%
MNST	B	--0.28%
SOFI	B	--0.28%
ESTC	C	--0.29%
MDB	C	--0.29%
XP	F	--0.29%
MKTX	D	--0.29%
CYTK	F	--0.3%
LYV	B	--0.3%
APLS	C	--0.3%
GTLB	C	--0.32%
VVV	F	--0.33%
CCOI	B	--0.33%
LPLA	A	--0.34%
ZBRA	A	--0.34%
ABNB	C	--0.34%
INSP	D	--0.34%
FCNCA	B	--0.35%
APO	A	--0.35%
AFRM	B	--0.35%
CACC	C	--0.36%
COHR	C	--0.36%
BBIO	D	--0.36%
ZI	D	--0.36%
ON	D	--0.39%
SATS	C	--0.4%
RBLX	C	--0.41%
PINS	D	--0.41%
U	C	--0.41%
RIVN	D	--0.42%
TTWO	A	--0.43%
WBD	C	--0.43%
SNPS	B	--0.44%
ALGM	D	--0.45%
DV	C	--0.45%
CGNX	C	--0.45%
CDNS	B	--0.46%
MRNA	F	--0.47%
SMCI	F	--0.47%
RH	B	--0.47%
CFLT	B	--0.47%
CSCO	A	--0.52%
FND	C	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
NWS	B	--0.57%
WST	C	--0.59%
LITE	B	--0.6%
POOL	C	--0.61%
MCHP	D	--0.63%
DXCM	C	--0.63%
WDC	C	--0.65%
LSCC	D	--0.7%
FSLR	F	--1.26%