CLSE vs. BLV ETF Comparison

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

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

$22.63

Average Daily Volume

50,252

Number of Holdings ^*

330

* may have additional holdings in another (foreign) market

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long 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 of greater than 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

$73.10

Average Daily Volume

657,946

Number of Holdings ^*

341

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	BLV
30 Days	7.73%	-2.63%
60 Days	8.82%	1.67%
90 Days	3.50%	4.30%
12 Months	38.34%	18.60%

84 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in BLV	Overlap
AAPL	D	1.95%	0.02%	0.02%
ABBV	C	1.02%	0.02%	0.02%
AES	C	-0.08%	0.01%	-0.08%
AJG	D	-0.19%	0.02%	-0.19%
ALB	D	-0.27%	0.01%	-0.27%
AMGN	D	0.28%	0.02%	0.02%
AMZN	C	2.37%	0.03%	0.03%
APD	A	-0.2%	0.01%	-0.2%
AVA	D	0.55%	0.01%	0.01%
AVGO	B	2.7%	0.03%	0.03%
BA	F	-0.37%	0.01%	-0.37%
BAC	B	0.8%	0.01%	0.01%
BMY	B	0.92%	0.01%	0.01%
C	B	-0.26%	0.01%	-0.26%
CACC	F	-0.2%	0.01%	-0.2%
CAH	B	0.58%	0.01%	0.01%
CAT	A	0.36%	0.01%	0.01%
CFG	C	0.39%	0.01%	0.01%
CINF	C	-0.19%	0.01%	-0.19%
CVS	B	0.19%	0.01%	0.01%
CVX	B	0.45%	0.01%	0.01%
D	C	-0.29%	0.01%	-0.29%
DELL	B	-0.6%	0.04%	-0.6%
DVN	D	0.55%	0.01%	0.01%
EL	D	-0.23%	0.01%	-0.23%
EQR	D	0.41%	0.01%	0.01%
EXR	D	-0.15%	0.01%	-0.15%
FITB	C	0.61%	0.04%	0.04%
GE	B	-0.29%	0.01%	-0.29%
GILD	A	0.91%	0.01%	0.01%
GLW	C	0.28%	0.01%	0.01%
GM	C	0.51%	0.02%	0.02%
GOOGL	C	3.08%	0.02%	0.02%
HD	A	1.22%	0.01%	0.01%
HPE	B	2.06%	0.04%	0.04%
HSY	F	-0.26%	0.01%	-0.26%
IBM	A	1.43%	0.01%	0.01%
INTC	D	-0.8%	0.01%	-0.8%
JBLU	B	-0.13%	0.01%	-0.13%
JNJ	D	0.91%	0.01%	0.01%
JPM	C	0.59%	0.01%	0.01%
KLAC	B	0.47%	0.01%	0.01%
KMB	D	0.16%	0.01%	0.01%
KR	C	0.16%	0.01%	0.01%
LMT	A	0.54%	0.01%	0.01%
MDT	C	0.46%	0.05%	0.05%
MET	A	0.56%	0.01%	0.01%
MKL	D	-0.15%	0.01%	-0.15%
MO	D	0.76%	0.01%	0.01%
MPC	C	0.44%	0.01%	0.01%
MRK	F	0.5%	0.01%	0.01%
MRO	B	0.0%	0.01%	0.0%
MSFT	D	1.01%	0.01%	0.01%
NDAQ	C	-0.35%	0.01%	-0.35%
NEE	D	0.54%	0.01%	0.01%
NEM	C	0.52%	0.01%	0.01%
NVDA	B	3.84%	0.02%	0.02%
OKE	A	-0.17%	0.01%	-0.17%
ORCL	B	1.46%	0.01%	0.01%
PG	D	0.7%	0.01%	0.01%
PGR	C	0.47%	0.01%	0.01%
PNW	D	0.48%	0.01%	0.01%
PYPL	A	1.07%	0.02%	0.02%
QCOM	D	2.56%	0.01%	0.01%
RF	B	0.59%	0.01%	0.01%
RTX	A	0.54%	0.01%	0.01%
SBUX	C	-0.11%	0.01%	-0.11%
SCCO	B	0.44%	0.03%	0.03%
SJM	F	-0.12%	0.01%	-0.12%
SPG	B	0.4%	0.01%	0.01%
SRE	C	-0.31%	0.01%	-0.31%
T	B	1.01%	0.01%	0.01%
TSN	D	0.53%	0.01%	0.01%
TXN	C	-0.85%	0.01%	-0.85%
UNP	F	0.57%	0.01%	0.01%
VLO	D	0.77%	0.02%	0.02%
VMC	F	-0.11%	0.02%	-0.11%
VTRS	D	0.0%	0.02%	0.0%
WFC	B	0.58%	0.01%	0.01%
WMT	C	1.94%	0.01%	0.01%
WTRG	D	-0.16%	0.01%	-0.16%
WY	C	-0.16%	0.04%	-0.16%
XOM	A	0.59%	0.01%	0.01%
XYL	B	-0.22%	0.01%	-0.22%

CLSE Overweight 246 Positions Relative to BLV

Symbol	Grade	Weight
META	B	3.31%
ANET	A	1.93%
CVNA	B	1.82%
NTAP	B	1.74%
CVLT	B	1.65%
APP	A	1.45%
GDDY	D	1.41%
DOCU	B	1.4%
GOOG	C	1.26%
IDCC	A	1.17%
ACIW	C	1.16%
MU	C	1.05%
AMG	B	1.0%
SNEX	A	1.0%
JHG	A	0.97%
NTNX	B	0.95%
AVT	B	0.95%
SYF	A	0.94%
HALO	D	0.94%
NTRS	B	0.89%
THC	D	0.86%
EME	A	0.86%
DVA	C	0.83%
AMRX	B	0.83%
OGN	F	0.83%
MLI	C	0.78%
UHS	D	0.78%
SEIC	B	0.77%
PPC	B	0.77%
BFH	D	0.74%
TSLA	C	0.74%
FTDR	C	0.73%
JXN	A	0.71%
CNC	F	0.7%
NRG	B	0.69%
BG	D	0.69%
COR	F	0.68%
IIPR	C	0.67%
CHRW	C	0.67%
ADMA	A	0.67%
IESC	A	0.66%
GVA	A	0.65%
LNG	A	0.65%
UMBF	B	0.63%
PATK	B	0.61%
PNC	B	0.59%
MWA	A	0.58%
SLVM	C	0.58%
MTZ	A	0.57%
VST	B	0.56%
PRIM	B	0.56%
MATX	C	0.56%
REZI	C	0.55%
STRL	B	0.52%
OSCR	D	0.52%
RGA	D	0.52%
EXPE	B	0.5%
CNA	D	0.47%
ATGE	D	0.47%
LNTH	C	0.46%
LDOS	A	0.45%
EXP	B	0.44%
CACI	A	0.44%
VRT	B	0.42%
RGLD	D	0.41%
ACT	C	0.39%
EEFT	F	0.39%
FCX	B	0.38%
MUSA	D	0.38%
LAMR	C	0.36%
ALSN	A	0.35%
CTRE	C	0.35%
NSA	D	0.35%
IBP	C	0.34%
TOL	C	0.34%
KBH	D	0.32%
J	F	0.32%
STAG	D	0.32%
ABM	D	0.32%
NFLX	C	0.31%
SM	C	0.31%
NVR	C	0.31%
BCO	C	0.31%
OUT	C	0.27%
BKNG	B	0.26%
ALNY	C	0.25%
CCL	C	0.25%
JLL	C	0.25%
ASPN	D	0.25%
ANF	D	0.24%
CPNG	A	0.18%
NTRA	B	0.15%
SPOT	C	0.14%
GRMN	D	0.09%
QQQ	C	0.0%
ADUS	D	0.0%
MHO	C	0.0%
KNF	C	0.0%
HRB	C	0.0%
JOBY	B	-0.04%
CAR	D	-0.06%
PENN	F	-0.07%
PGNY	F	-0.08%
MCW	F	-0.09%
CZR	B	-0.09%
BRKR	D	-0.09%
MASI	B	-0.09%
NXST	F	-0.09%
AGL	F	-0.1%
DRVN	C	-0.1%
VAC	D	-0.1%
LGIH	C	-0.1%
HGV	F	-0.1%
AWR	C	-0.1%
HHH	C	-0.11%
ACVA	C	-0.11%
ALIT	D	-0.12%
RBLX	D	-0.13%
PCH	C	-0.14%
PPBI	D	-0.14%
MTN	F	-0.14%
KRG	C	-0.15%
COLD	D	-0.15%
DAY	B	-0.15%
AA	B	-0.15%
BIRK	F	-0.15%
PYCR	D	-0.15%
WAL	C	-0.16%
THO	C	-0.16%
CC	D	-0.16%
CHDN	D	-0.16%
OSK	F	-0.17%
AESI	B	-0.17%
ENOV	F	-0.17%
UHAL	B	-0.17%
ALGM	F	-0.17%
BEAM	F	-0.17%
KNSL	D	-0.18%
LUV	B	-0.18%
NTLA	F	-0.18%
TXG	F	-0.18%
VNO	C	-0.18%
HI	F	-0.18%
TFC	D	-0.19%
TTD	A	-0.19%
PNFP	C	-0.19%
LKQ	F	-0.19%
XPO	F	-0.19%
CGON	D	-0.19%
ELF	F	-0.2%
SOFI	B	-0.2%
BE	F	-0.2%
AVAV	B	-0.2%
GTLS	C	-0.2%
KROS	B	-0.2%
CNH	C	-0.2%
GATX	D	-0.2%
BANC	D	-0.2%
GPOR	B	-0.21%
COLB	C	-0.21%
EW	F	-0.21%
IRTC	F	-0.21%
MSCI	B	-0.21%
AGCO	D	-0.21%
TREX	D	-0.21%
AIR	D	-0.21%
FLYW	F	-0.22%
WOLF	F	-0.22%
COTY	D	-0.22%
RBA	D	-0.22%
FCNCA	C	-0.22%
WTM	C	-0.22%
UEC	B	-0.22%
ARWR	F	-0.22%
DXCM	F	-0.23%
KLIC	C	-0.23%
SW	C	-0.24%
RNR	C	-0.24%
SUM	F	-0.24%
BIO	B	-0.24%
AEIS	B	-0.25%
CNX	A	-0.26%
AL	F	-0.26%
EQT	B	-0.27%
SITE	D	-0.27%
PEN	D	-0.27%
ROIV	D	-0.27%
GMED	D	-0.28%
LW	D	-0.28%
CELH	F	-0.29%
MRNA	F	-0.3%
PSA	C	-0.3%
NEOG	F	-0.3%
PTEN	F	-0.3%
GT	F	-0.3%
APLS	F	-0.31%
MNST	D	-0.31%
VVV	D	-0.31%
ENPH	F	-0.32%
EVTC	D	-0.32%
INSP	C	-0.32%
AUR	C	-0.34%
FDS	C	-0.34%
MKTX	B	-0.34%
ON	F	-0.34%
MARA	F	-0.34%
AFRM	C	-0.35%
BRZE	F	-0.36%
APO	A	-0.36%
LPLA	C	-0.37%
FOUR	A	-0.37%
EXAS	B	-0.38%
LYV	A	-0.38%
RIVN	F	-0.38%
ADBE	F	-0.39%
ZBRA	B	-0.39%
RIOT	D	-0.39%
PATH	D	-0.4%
CYTK	D	-0.41%
WBD	D	-0.42%
SATS	C	-0.43%
BBIO	F	-0.43%
ZI	F	-0.44%
MDB	F	-0.44%
GLOB	D	-0.45%
DLTR	F	-0.45%
CGNX	D	-0.45%
CCOI	B	-0.45%
DV	F	-0.46%
CASY	D	-0.47%
TTWO	D	-0.47%
BILL	D	-0.48%
LBRDK	B	-0.48%
PINS	D	-0.49%
CFLT	F	-0.51%
MCHP	F	-0.52%
FIVE	D	-0.52%
FIVN	F	-0.53%
U	D	-0.53%
RH	C	-0.54%
POOL	D	-0.56%
FND	C	-0.64%
GFS	F	-0.67%
LITE	B	-0.79%
WDC	C	-0.8%
LSCC	D	-0.81%

CLSE Underweight 257 Positions Relative to BLV

Symbol	Grade	Weight
WIT	C	-1.44%
COST	D	-0.04%
EQH	B	-0.04%
ALLY	F	-0.04%
CARR	A	-0.04%
DD	C	-0.04%
HPQ	B	-0.03%
NUE	C	-0.03%
TAP	D	-0.03%
CRM	B	-0.03%
HAL	D	-0.03%
BHP	B	-0.03%
CSCO	A	-0.03%
TEL	D	-0.02%
CF	B	-0.02%
AXP	A	-0.02%
CME	B	-0.02%
OHI	C	-0.02%
LEA	F	-0.02%
MDLZ	D	-0.02%
BHF	C	-0.02%
FANG	C	-0.02%
EBAY	A	-0.02%
GPN	F	-0.02%
WU	D	-0.02%
WHR	C	-0.02%
MAR	A	-0.02%
ADI	C	-0.02%
ICE	B	-0.02%
CAG	D	-0.02%
BIIB	F	-0.02%
BABA	A	-0.02%
FOXA	B	-0.02%
PSX	C	-0.02%
GSK	F	-0.02%
MS	A	-0.02%
CPT	D	-0.01%
VTR	C	-0.01%
STLD	B	-0.01%
WPC	C	-0.01%
RPM	A	-0.01%
PECO	D	-0.01%
DOC	D	-0.01%
SCHW	C	-0.01%
BAX	F	-0.01%
AIZ	D	-0.01%
AGO	B	-0.01%
CHD	D	-0.01%
ADC	C	-0.01%
AAT	C	-0.01%
BEN	F	-0.01%
HIW	C	-0.01%
JD	A	-0.01%
FRT	D	-0.01%
FNF	C	-0.01%
REG	D	-0.01%
CHI	B	-0.01%
UDR	C	-0.01%
SWX	C	-0.01%
TJX	D	-0.01%
SIGI	D	-0.01%
DT	B	-0.01%
DRI	C	-0.01%
MKC	D	-0.01%
OPI	F	-0.01%
PDM	C	-0.01%
K	A	-0.01%
JNPR	B	-0.01%
IDA	D	-0.01%
DGX	D	-0.01%
MAA	D	-0.01%
LXP	D	-0.01%
KRC	C	-0.01%
KSS	D	-0.01%
WELL	C	-0.01%
ORI	D	-0.01%
OC	B	-0.01%
NYC	C	-0.01%
NWE	C	-0.01%
MSI	A	-0.01%
KIM	C	-0.01%
HON	C	-0.01%
INGR	B	-0.01%
EQIX	C	-0.01%
EOG	B	-0.01%
FTV	D	-0.01%
DOV	C	-0.01%
BWA	C	-0.01%
AFL	C	-0.01%
AFG	B	-0.01%
APTV	D	-0.01%
CPB	D	-0.01%
COO	C	-0.01%
UAL	A	-0.01%
VOYA	A	-0.01%
VMI	B	-0.01%
STE	D	-0.01%
SNA	C	-0.01%
ROK	C	-0.01%
SBRA	C	-0.01%
ZBH	F	-0.01%
NOV	F	-0.01%
NNN	C	-0.01%
OGE	C	-0.01%
LHX	B	-0.01%
LH	F	-0.01%
NXPI	F	-0.01%
IVZ	B	-0.01%
HRL	F	-0.01%
HOG	D	-0.01%
JEF	A	-0.01%
HAS	A	-0.01%
L	D	-0.01%
ESS	D	-0.01%
DG	F	-0.01%
FE	D	-0.01%
EE	B	-0.01%
EA	D	-0.01%
FMC	C	-0.01%
CMI	A	-0.01%
AVB	D	-0.01%
CL	D	-0.01%
UNM	A	-0.01%
PKG	B	-0.01%
PFG	B	-0.01%
REGN	F	-0.01%
SPGI	C	-0.01%
EG	D	-0.01%
SYK	D	-0.01%
SWK	C	-0.01%
VRSK	D	-0.01%
STZ	D	-0.01%
PEG	B	-0.01%
AON	B	-0.01%
WEC	C	-0.01%
ATO	B	-0.01%
AEP	D	-0.01%
AEE	A	-0.01%
ADM	F	-0.01%
ACGL	C	-0.01%
ARE	D	-0.01%
CTS	C	-0.01%
DTE	C	-0.01%
EVRG	D	-0.01%
FIS	A	-0.01%
ETN	B	-0.01%
ALL	D	-0.01%
AWK	D	-0.01%
HIG	C	-0.01%
IFF	C	-0.01%
JCI	C	-0.01%
ES	D	-0.01%
KDP	C	-0.01%
HUM	F	-0.01%
MLM	F	-0.01%
OTIS	A	-0.01%
LNC	C	-0.01%
LIN	D	-0.01%
OGS	C	-0.01%
O	C	-0.01%
MCO	D	-0.01%
PPL	C	-0.01%
XEL	C	-0.01%
MOS	F	-0.01%
MAS	B	-0.01%
TRV	C	-0.01%
PLD	F	-0.01%
RSG	D	-0.01%
RPRX	D	-0.01%
SHW	C	-0.01%
TT	A	-0.01%
CMS	B	-0.01%
BKH	C	-0.01%
CCI	D	-0.01%
AMAT	C	-0.01%
CP	D	-0.01%
TGT	D	-0.01%
GD	C	-0.01%
CNP	B	-0.01%
EMN	C	-0.01%
DE	C	-0.01%
IPG	D	-0.01%
IP	C	-0.01%
GWW	B	-0.01%
NI	C	-0.01%
PAA	D	-0.01%
ITW	C	-0.01%
WRB	D	-0.01%
WM	D	-0.01%
WLK	C	-0.01%
LNT	C	-0.01%
EQNR	D	-0.01%
EIX	C	-0.01%
ED	D	-0.01%
ECL	C	-0.01%
GIS	C	-0.01%
KOF	D	-0.01%
NKE	D	-0.01%
MMC	D	-0.01%
NSC	D	-0.01%
WBA	F	-0.01%
LRCX	D	-0.01%
LLY	D	-0.01%
MCD	B	-0.01%
ZTS	D	-0.01%
LYB	C	-0.01%
TMO	D	-0.01%
PM	D	-0.01%
PH	A	-0.01%
RJF	B	-0.01%
AMT	D	-0.01%
UPS	D	-0.01%
CSX	D	-0.01%
EXC	C	-0.01%
DOW	B	-0.01%
BSX	A	-0.01%
ETR	B	-0.01%
HES	C	-0.01%
DHR	D	-0.01%
MMM	C	-0.01%
MUFG	C	-0.01%
PEP	F	-0.01%
PHM	C	-0.01%
AIG	C	-0.01%
ET	A	-0.01%
FDX	F	-0.01%
WMB	A	-0.01%
SYY	D	-0.01%
PRU	B	-0.01%
KO	D	-0.01%
EPD	A	-0.01%
MPLX	B	-0.01%
BDX	C	-0.01%
LOW	B	-0.01%
SO	C	-0.01%
MA	B	-0.01%
UNH	C	-0.01%
CB	D	-0.01%
DUK	D	-0.01%
HCA	D	-0.01%
KMI	A	-0.01%
ABT	B	-0.01%
DIS	D	-0.01%
CI	D	-0.01%
COP	B	-0.01%
NOC	B	-0.01%
V	C	-0.01%
AZN	D	-0.01%
VOD	D	-0.01%
TMUS	A	-0.01%
HSBC	A	-0.01%
PCG	C	-0.01%
CMCSA	C	-0.01%
CHTR	D	-0.01%
PFE	C	-0.01%
VZ	C	-0.01%
GS	B	-0.01%