CLSE vs. FCLD ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Fidelity Cloud Computing ETF (FCLD)

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

$21.94

Average Daily Volume

53,460

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$24.00

Average Daily Volume

17,585

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	FCLD
30 Days	2.05%	2.24%
60 Days	4.63%	1.64%
90 Days	1.81%	1.98%
12 Months	37.03%	24.82%

13 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in FCLD	Overlap
CFLT	F	-0.5%	1.06%	-0.5%
CVLT	B	1.64%	1.77%	1.64%
DAY	D	-0.15%	1.88%	-0.15%
FIVN	F	-0.3%	0.77%	-0.3%
HPE	D	1.52%	2.04%	1.52%
MDB	D	-0.5%	2.6%	-0.5%
MSFT	C	1.12%	4.47%	1.12%
NTAP	D	1.64%	2.24%	1.64%
NTNX	C	0.84%	2.14%	0.84%
ORCL	C	1.22%	6.12%	1.22%
PATH	D	-0.39%	1.37%	-0.39%
SMCI	F	-0.55%	1.51%	-0.55%
WDC	D	-0.58%	1.92%	-0.58%

CLSE Overweight 313 Positions Relative to FCLD

Symbol	Grade	Weight
NVDA	D	4.12%
META	B	3.15%
GOOGL	D	2.93%
QCOM	D	2.58%
AVGO	C	2.58%
AMZN	C	2.5%
AAPL	C	2.26%
WMT	C	2.07%
APP	C	2.04%
ANET	B	1.86%
IBM	B	1.7%
GDDY	C	1.58%
CVNA	B	1.53%
GOOG	D	1.22%
DOCU	C	1.21%
HD	B	1.17%
ACIW	B	1.12%
ABBV	C	1.04%
T	C	1.03%
HALO	C	1.03%
MU	F	1.02%
GILD	B	0.98%
AMG	C	0.98%
PYPL	B	0.98%
JNJ	C	0.96%
SNEX	B	0.95%
OGN	D	0.92%
JHG	B	0.92%
NTRS	A	0.91%
AVT	C	0.88%
UHS	B	0.87%
SYF	C	0.86%
THC	A	0.85%
AMRX	B	0.85%
DVA	B	0.82%
EME	B	0.81%
SEIC	C	0.81%
PG	C	0.81%
MO	C	0.81%
BAC	D	0.81%
VLO	F	0.79%
JPM	D	0.77%
MLI	A	0.75%
FTDR	B	0.75%
MPC	F	0.74%
CNC	D	0.73%
BG	D	0.72%
PPC	D	0.72%
JXN	A	0.72%
MCK	F	0.71%
UMBF	B	0.71%
IDCC	B	0.7%
RF	B	0.69%
CHRW	B	0.66%
IIPR	B	0.65%
IESC	C	0.63%
OSCR	B	0.63%
GVA	B	0.63%
NEM	B	0.62%
FITB	B	0.61%
CAH	C	0.61%
STRL	B	0.6%
VRT	C	0.59%
MUSA	D	0.59%
TSLA	C	0.59%
XOM	C	0.58%
CFG	C	0.57%
TSN	C	0.57%
UNP	C	0.57%
PATK	B	0.55%
WFC	D	0.55%
AMGN	B	0.55%
PNW	C	0.55%
PGR	B	0.55%
NEE	C	0.55%
MTZ	B	0.54%
LMT	C	0.54%
GM	C	0.54%
PRIM	B	0.54%
AVA	C	0.54%
MET	B	0.54%
NRG	C	0.54%
SLVM	B	0.53%
MWA	B	0.53%
HRB	C	0.53%
EXPE	C	0.53%
RGA	C	0.53%
VST	C	0.53%
MRK	D	0.53%
RTX	C	0.51%
CVX	D	0.51%
FDX	C	0.5%
BMY	C	0.49%
ADMA	B	0.49%
CNA	C	0.49%
NSA	B	0.48%
KLAC	D	0.47%
LNTH	D	0.46%
EEFT	D	0.45%
EQR	B	0.44%
RGLD	C	0.43%
REZI	D	0.43%
ACT	B	0.42%
SPG	B	0.41%
LAMR	B	0.41%
KMB	D	0.4%
SAIC	C	0.4%
MRO	C	0.39%
SCCO	D	0.39%
LDOS	B	0.38%
FCX	D	0.38%
J	C	0.36%
CTRE	C	0.36%
BCO	B	0.36%
DVN	F	0.35%
GRMN	D	0.35%
KNF	B	0.35%
ABM	D	0.34%
TOL	B	0.34%
CAT	B	0.33%
STAG	C	0.33%
GLW	C	0.32%
JLL	B	0.32%
ALSN	B	0.32%
ANF	D	0.32%
NFLX	B	0.31%
SM	F	0.31%
VTRS	D	0.31%
EXP	B	0.31%
NVR	B	0.3%
IBP	D	0.27%
CPNG	B	0.26%
BKNG	C	0.25%
CCL	C	0.24%
KR	C	0.17%
ADUS	B	0.15%
SPOT	B	0.13%
ALNY	C	0.12%
NTRA	C	0.12%
MHO	B	0.1%
QQQ	C	0.0%
JOBY	F	-0.04%
CAR	F	-0.05%
CRNX	C	-0.05%
MRNA	F	-0.06%
COLD	D	-0.08%
ROK	D	-0.08%
ALIT	D	-0.08%
FOXF	D	-0.08%
AES	C	-0.08%
AGL	F	-0.09%
NXST	D	-0.09%
VAC	F	-0.1%
DRVN	C	-0.1%
HGV	F	-0.1%
WOR	D	-0.1%
AWR	B	-0.1%
WTW	C	-0.1%
MCW	F	-0.1%
VMC	D	-0.11%
HHH	C	-0.11%
CC	F	-0.11%
ACVA	B	-0.11%
DRI	B	-0.11%
TXG	D	-0.11%
VFC	C	-0.12%
VAL	F	-0.12%
AAL	D	-0.12%
PGNY	F	-0.12%
AA	D	-0.12%
CGON	C	-0.12%
BC	C	-0.13%
VSAT	F	-0.14%
PPBI	D	-0.14%
CHK	D	-0.15%
RBLX	B	-0.15%
EXR	B	-0.15%
AESI	C	-0.15%
PYCR	D	-0.15%
CG	D	-0.15%
MTN	D	-0.15%
UHAL	A	-0.16%
CLDX	C	-0.16%
PCH	C	-0.16%
WTRG	D	-0.16%
BIRK	F	-0.16%
KRG	B	-0.16%
ILMN	C	-0.16%
WAL	B	-0.16%
UEC	D	-0.17%
VNO	B	-0.17%
GTLS	F	-0.17%
SJM	C	-0.17%
ENOV	D	-0.18%
KNSL	C	-0.18%
XPO	D	-0.18%
HI	F	-0.18%
BE	F	-0.19%
BANC	B	-0.19%
CZR	C	-0.19%
FCNCA	D	-0.19%
WY	C	-0.19%
CNH	D	-0.19%
LAD	D	-0.19%
COTY	F	-0.2%
COLB	B	-0.2%
TMDX	C	-0.2%
CINF	B	-0.2%
EL	F	-0.2%
TFC	C	-0.2%
LKQ	F	-0.2%
AVAV	C	-0.2%
WOLF	F	-0.2%
AJG	D	-0.21%
LUV	C	-0.21%
GPOR	D	-0.21%
SOFI	C	-0.21%
BX	B	-0.21%
RNR	C	-0.22%
SHC	C	-0.22%
IRTC	F	-0.22%
CNX	B	-0.22%
DXCM	F	-0.22%
RBA	B	-0.22%
WBA	F	-0.22%
CIEN	C	-0.22%
AEIS	D	-0.23%
TTD	B	-0.23%
WTM	D	-0.23%
SW	B	-0.23%
IPAR	F	-0.23%
XYL	C	-0.23%
DLTR	F	-0.23%
FDS	C	-0.23%
PTEN	F	-0.24%
SUM	D	-0.24%
BIO	C	-0.24%
OKE	B	-0.24%
AGCO	D	-0.24%
MS	D	-0.25%
VSH	F	-0.25%
WAT	C	-0.25%
ALB	D	-0.26%
AL	D	-0.26%
APD	B	-0.26%
SITE	C	-0.26%
FLYW	F	-0.26%
EQT	D	-0.26%
WSC	D	-0.26%
CSCO	C	-0.27%
VVV	D	-0.27%
GT	F	-0.27%
HASI	C	-0.27%
CELH	F	-0.28%
HSY	C	-0.28%
NEOG	D	-0.29%
GMED	D	-0.29%
LW	D	-0.29%
APLS	F	-0.29%
MNST	D	-0.31%
O	C	-0.31%
INSP	C	-0.31%
RVMD	C	-0.32%
ENPH	D	-0.32%
PEN	D	-0.32%
REGN	C	-0.32%
FOUR	C	-0.33%
SRE	C	-0.33%
EVTC	D	-0.33%
RGEN	F	-0.33%
EXAS	C	-0.34%
IAC	C	-0.34%
TOST	C	-0.34%
D	C	-0.34%
LPLA	D	-0.35%
MARA	F	-0.35%
ZI	D	-0.36%
ADBE	F	-0.36%
GE	B	-0.36%
LVS	D	-0.36%
ON	D	-0.36%
KLIC	F	-0.36%
LYV	B	-0.36%
AFRM	C	-0.36%
NDAQ	A	-0.36%
WBD	D	-0.38%
RIOT	F	-0.38%
BBIO	D	-0.38%
BA	F	-0.38%
SATS	C	-0.4%
BRZE	F	-0.4%
MKTX	C	-0.4%
RIVN	F	-0.41%
CCOI	C	-0.43%
CGNX	F	-0.43%
FIVE	D	-0.45%
TTWO	C	-0.47%
ZBRA	B	-0.48%
C	C	-0.48%
GLOB	D	-0.48%
GFS	F	-0.48%
LSCC	D	-0.5%
MCHP	F	-0.5%
BILL	D	-0.5%
DV	F	-0.5%
POOL	C	-0.54%
RH	B	-0.56%
LBRDK	F	-0.58%
FND	C	-0.59%
U	D	-0.6%
LITE	B	-0.69%
TXN	C	-0.85%
INTC	F	-0.93%

CLSE Underweight 34 Positions Relative to FCLD

Symbol	Grade	Weight
NOW	B	-5.29%
INTU	C	-4.9%
CRM	D	-4.76%
EQIX	C	-3.8%
WDAY	D	-3.35%
DLR	B	-3.16%
DDOG	D	-2.56%
TEAM	D	-2.45%
SNOW	F	-2.38%
STX	C	-2.22%
ZM	C	-2.16%
FFIV	B	-2.12%
XRX	D	-2.11%
HUBS	D	-2.03%
DT	C	-1.94%
TWLO	D	-1.81%
MSTR	D	-1.81%
PSTG	F	-1.62%
DBX	D	-1.58%
GTLB	D	-1.54%
BOX	C	-1.53%
PEGA	C	-1.24%
ESTC	F	-1.14%
DOCN	A	-1.06%
TDC	F	-1.01%
FROG	F	-0.95%
VERX	D	-0.95%
RNG	F	-0.93%
PDFS	F	-0.87%
AI	F	-0.86%
VRNT	F	-0.75%
INFA	D	-0.74%
SWI	B	-0.72%
FSLY	D	-0.63%