CLSE vs. FELV ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Fidelity Enhanced Large Cap Value ETF (FELV)
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

$23.68

Average Daily Volume

66,024

Number of Holdings *

337

* may have additional holdings in another (foreign) market
FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings *

332

* may have additional holdings in another (foreign) market
Performance
Period CLSE FELV
30 Days 4.69% 4.38%
60 Days 6.81% 5.85%
90 Days 9.38% 7.57%
12 Months 39.93% 29.90%
84 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in FELV Overlap
AAPL C 0.83% 0.19% 0.19%
ABBV D 0.72% 0.85% 0.72%
AES F -0.08% 0.16% -0.08%
ALL A 0.45% 0.19% 0.19%
AMZN C 2.53% 0.08% 0.08%
AVGO D 2.28% 0.12% 0.12%
BAC A 0.81% 1.77% 0.81%
BLK C 0.65% 0.37% 0.37%
BMY B 1.11% 0.84% 0.84%
C A -0.19% 0.48% -0.19%
CACI D 0.48% 0.46% 0.46%
CAH B 0.86% 0.3% 0.3%
CCL B 0.35% 0.13% 0.13%
CINF A 0.12% 0.22% 0.12%
CNC D 0.31% 0.23% 0.23%
CSCO B -0.52% 1.07% -0.52%
CTRE D 0.42% 0.04% 0.04%
CVNA B 1.85% 0.62% 0.62%
CVS D 0.29% 0.3% 0.29%
DELL C -0.25% 0.08% -0.25%
DOCU A 1.37% 0.22% 0.22%
EEFT B 0.22% 0.12% 0.12%
EQIX A -0.14% 0.2% -0.14%
EQR B 0.35% 0.17% 0.17%
EW C -0.16% 0.06% -0.16%
FTDR A 0.58% 0.01% 0.01%
FTI A 0.74% 0.19% 0.19%
GE D -0.46% 1.05% -0.46%
GILD C 1.07% 0.92% 0.92%
GLW B 0.52% 0.01% 0.01%
GRMN B 0.37% 0.11% 0.11%
HD A 1.13% 0.45% 0.45%
HPE B 1.92% 0.21% 0.21%
ILMN D 0.1% 0.15% 0.1%
INCY C 0.07% 0.22% 0.07%
INTC D -0.93% 0.85% -0.93%
JNJ D 0.83% 1.02% 0.83%
JPM A 0.64% 2.93% 0.64%
JXN C 0.39% 0.15% 0.15%
KEY B -0.25% 0.18% -0.25%
KR B 0.17% 0.31% 0.17%
LDOS C 0.55% 0.47% 0.47%
LPX B 0.43% 0.33% 0.33%
MATX C 0.22% 0.03% 0.03%
MDT D 0.29% 0.4% 0.29%
META D 3.3% 0.21% 0.21%
MKL A -0.14% 0.17% -0.14%
MO A 0.79% 0.28% 0.28%
MSCI C -0.27% 0.19% -0.27%
MU D 2.13% 0.86% 0.86%
MWA B 0.65% 0.01% 0.01%
NEM D 0.22% 0.05% 0.05%
NFLX A 0.79% 0.19% 0.19%
NSC B -0.1% 0.57% -0.1%
NTAP C 1.0% 0.12% 0.12%
NVDA C 4.61% 0.17% 0.17%
NWS B -0.57% 0.03% -0.57%
PG A 0.45% 1.24% 0.45%
PGR A 0.46% 0.35% 0.35%
PNC B 0.72% 0.7% 0.7%
PRU A 0.13% 0.17% 0.13%
PSA D -0.23% 0.52% -0.23%
PYPL B 1.33% 0.79% 0.79%
QCOM F 1.73% 0.5% 0.5%
RGA A 0.55% 0.03% 0.03%
ROP B -0.7% 0.01% -0.7%
SEIC B 0.95% 0.58% 0.58%
SPG B 0.37% 0.18% 0.18%
STLD B -0.13% 0.33% -0.13%
SYF B 1.11% 0.03% 0.03%
T A 0.29% 1.02% 0.29%
TMUS B 0.7% 0.56% 0.56%
TOL B 0.22% 0.28% 0.22%
TXN C -0.81% 0.16% -0.81%
UHS D 0.7% 0.12% 0.12%
UNP C 0.47% 0.75% 0.47%
VMC B -0.13% 0.28% -0.13%
VRTX F 0.23% 0.09% 0.09%
VST B 0.55% 0.07% 0.07%
WBD C -0.43% 0.09% -0.43%
WDC D -0.65% 0.14% -0.65%
WFC A 0.75% 1.22% 0.75%
WMT A 1.82% 1.76% 1.76%
ZBRA B -0.34% 0.32% -0.34%
CLSE Overweight 253 Positions Relative to FELV
Symbol Grade Weight
GOOGL C 3.47%
APP B 2.25%
ANET C 1.83%
IDCC A 1.51%
GDDY A 1.42%
CVLT B 1.4%
ORCL B 1.33%
ACIW B 1.3%
TSLA B 1.22%
JHG A 1.21%
NTNX A 1.16%
NTRS A 1.08%
SNEX B 1.06%
PLTR B 1.02%
LNG B 0.97%
HALO F 0.9%
AMRX C 0.9%
BFH B 0.88%
GM B 0.87%
COR B 0.86%
PPC C 0.85%
GVA A 0.84%
MLI C 0.84%
CARG C 0.83%
PRIM A 0.8%
THC D 0.78%
FITB A 0.78%
DVA B 0.78%
IESC B 0.77%
CPNG D 0.77%
EME C 0.75%
CNX A 0.74%
UTHR C 0.73%
RF A 0.72%
STRL B 0.71%
ZION B 0.71%
CMA A 0.71%
NRG B 0.71%
CEIX A 0.7%
GEN B 0.68%
VRT B 0.68%
APH A 0.67%
UMBF B 0.66%
ALSN B 0.66%
MTZ B 0.66%
AVT C 0.66%
CHRW C 0.61%
EXPE B 0.61%
TSN B 0.6%
FFIV B 0.6%
AMG B 0.58%
MET A 0.52%
SLVM B 0.5%
GOOG C 0.49%
UI A 0.49%
EXP A 0.48%
PNW B 0.48%
AVA A 0.47%
DUOL A 0.45%
BKNG A 0.44%
SCCO F 0.41%
RMD C 0.4%
SR A 0.38%
R B 0.38%
CNA B 0.37%
CF B 0.37%
OUT A 0.36%
CDP C 0.34%
RGLD C 0.32%
PTON B 0.31%
LAMR D 0.31%
J F 0.31%
MPWR F 0.3%
VLO C 0.29%
IIPR D 0.28%
APA D 0.25%
NVR D 0.24%
FLR B 0.21%
JLL D 0.2%
MUSA A 0.2%
ABM B 0.19%
BAH F 0.18%
NTRA B 0.17%
BOX B 0.17%
JAZZ B 0.16%
FOXA B 0.14%
EXPD D 0.14%
FN D 0.13%
VCTR B 0.12%
VCYT B 0.12%
CDE D 0.11%
AEIS B 0.07%
HQY B 0.07%
QQQ B 0.0%
LNTH D 0.0%
LRCX F 0.0%
PENN C -0.05%
KNX B -0.06%
HGV B -0.06%
HUN F -0.07%
EXAS D -0.07%
RYN D -0.07%
COOP B -0.07%
CCS D -0.07%
BC C -0.08%
JOE F -0.08%
FLYW C -0.08%
GNTX C -0.09%
JBLU F -0.09%
MCW B -0.1%
ABG B -0.1%
ATO A -0.1%
ACVA B -0.11%
ENPH F -0.11%
CGON F -0.11%
EL F -0.12%
RBA A -0.12%
FL F -0.12%
PCH D -0.12%
DLR B -0.13%
EXR D -0.13%
AVAV D -0.13%
ALIT C -0.13%
MLM B -0.13%
BPOP B -0.14%
PYCR C -0.14%
DAY B -0.14%
REXR F -0.14%
ARWR F -0.14%
AA B -0.14%
CZR F -0.15%
COLD D -0.15%
APD A -0.15%
GTLS B -0.15%
CRL C -0.15%
RNR C -0.15%
DRVN B -0.15%
NARI C -0.16%
FIVN C -0.16%
BHF B -0.16%
XPO B -0.16%
OSK B -0.16%
LGIH D -0.16%
DAR C -0.16%
ALB C -0.16%
UHAL D -0.16%
AGO B -0.16%
SITE D -0.16%
SW A -0.17%
TEX D -0.17%
TREX C -0.17%
MDGL B -0.17%
LKQ D -0.17%
MASI A -0.17%
AJG B -0.17%
KRG B -0.17%
ENOV C -0.18%
CHDN B -0.18%
UEC B -0.18%
EBC B -0.18%
AGCO D -0.18%
COTY F -0.18%
AL B -0.18%
CNH C -0.18%
BRKR D -0.18%
WAL B -0.19%
AIR B -0.19%
KNSL B -0.2%
SRE A -0.2%
GATX A -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 A -0.22%
MTN C -0.22%
SAIA B -0.22%
SUM B -0.22%
EQT B -0.23%
XYL D -0.23%
WTRG B -0.24%
ELF C -0.24%
IONS F -0.24%
GPOR B -0.24%
CELH F -0.24%
HSY F -0.24%
LW C -0.25%
BILL A -0.26%
NEOG F -0.26%
AUR C -0.26%
AWK D -0.26%
VAL D -0.27%
FOUR B -0.27%
STNE F -0.27%
TEAM A -0.27%
PTEN C -0.27%
MNST C -0.28%
SOFI A -0.28%
ESTC C -0.29%
MDB C -0.29%
XP F -0.29%
MKTX D -0.29%
CYTK F -0.3%
LYV A -0.3%
NDAQ A -0.3%
APLS D -0.3%
APTV D -0.32%
GTLB B -0.32%
VVV F -0.33%
CCOI B -0.33%
LPLA A -0.34%
ABNB C -0.34%
INSP D -0.34%
FCNCA A -0.35%
APO B -0.35%
AFRM B -0.35%
CACC D -0.36%
COHR B -0.36%
BBIO F -0.36%
ZI D -0.36%
BEN C -0.36%
ON D -0.39%
DG F -0.4%
SATS D -0.4%
BA F -0.4%
RBLX C -0.41%
DLTR F -0.41%
PINS D -0.41%
U C -0.41%
RIVN F -0.42%
TTWO A -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%
CHTR C -0.48%
FND C -0.53%
BRZE C -0.56%
FIVE F -0.56%
WST C -0.59%
LITE B -0.6%
POOL C -0.61%
MCHP D -0.63%
DXCM D -0.63%
LSCC D -0.7%
FSLR F -1.26%
CLSE Underweight 248 Positions Relative to FELV
Symbol Grade Weight
BRK.A B -3.64%
XOM B -2.51%
UNH C -1.57%
PM B -1.31%
CMCSA B -1.13%
SCHW B -0.88%
PFE D -0.85%
NEE D -0.81%
DIS B -0.8%
ETN A -0.76%
BDX F -0.74%
TMO F -0.73%
SQ B -0.7%
RTX C -0.7%
VZ C -0.68%
RSG A -0.66%
LMT D -0.64%
NOC D -0.63%
SPGI C -0.63%
BK A -0.63%
MMM D -0.6%
CI F -0.6%
AON A -0.59%
PPG F -0.57%
CCI D -0.57%
CME A -0.57%
COP C -0.56%
ABT B -0.54%
CL D -0.54%
CAT B -0.54%
ALLE D -0.54%
MS A -0.54%
TXT D -0.53%
CVX A -0.53%
EOG A -0.53%
ZM B -0.52%
TT A -0.52%
ECL D -0.5%
SSNC B -0.5%
DD D -0.48%
COF B -0.47%
LIN D -0.46%
LHX C -0.45%
WAB B -0.45%
CTAS B -0.43%
DBX B -0.42%
AMAT F -0.42%
PCG A -0.39%
PCAR B -0.39%
UNM A -0.38%
MMC B -0.38%
ADBE C -0.37%
IGT F -0.36%
L A -0.35%
EXEL B -0.35%
TPH D -0.35%
EVRG A -0.35%
BRX A -0.35%
CMI A -0.34%
CSX B -0.34%
ACN C -0.34%
NUE C -0.34%
GS A -0.34%
DVN F -0.34%
FTV C -0.33%
F C -0.33%
TWLO A -0.3%
BIIB F -0.3%
FR C -0.28%
MCD D -0.28%
DUK C -0.28%
VEEV C -0.28%
MA C -0.28%
GL B -0.28%
TRV B -0.28%
GEV B -0.28%
ANF C -0.28%
TJX A -0.28%
IBM C -0.27%
TDC D -0.27%
SYK C -0.26%
AME A -0.26%
WTW B -0.26%
VICI C -0.25%
CLX B -0.25%
GAP C -0.25%
XEL A -0.25%
SEE C -0.25%
FLS B -0.25%
WM A -0.25%
EXC C -0.24%
KMI A -0.24%
TFC A -0.24%
ED D -0.22%
Z A -0.22%
OC A -0.22%
CRM B -0.22%
DOC D -0.22%
SKYW B -0.21%
MGM D -0.21%
JCI C -0.21%
AXP A -0.2%
VMI B -0.2%
MSI B -0.2%
PNR A -0.19%
DTE C -0.19%
USFD A -0.19%
BSX B -0.19%
ITT A -0.18%
ICE C -0.18%
TMHC B -0.18%
ZG A -0.18%
EIX B -0.17%
DHR F -0.17%
IQV D -0.17%
LNW D -0.17%
ACA A -0.17%
CEG D -0.17%
GEHC F -0.16%
TAP C -0.16%
QGEN D -0.16%
MEDP D -0.16%
CCK C -0.16%
PFG D -0.16%
BBY D -0.15%
STT A -0.15%
CNP B -0.15%
AMGN D -0.15%
RCL A -0.15%
OXY D -0.15%
KMB D -0.14%
AMT D -0.14%
HUM C -0.14%
GD F -0.14%
HAL C -0.13%
PKG A -0.13%
WDAY B -0.13%
SWKS F -0.13%
ES D -0.13%
TROW B -0.13%
PH A -0.12%
SOLV C -0.12%
ITW B -0.12%
SO D -0.12%
WMB A -0.12%
HWM A -0.12%
KHC F -0.12%
BLD D -0.11%
AIZ A -0.11%
QRVO F -0.11%
EA A -0.11%
ENS D -0.11%
ROST C -0.11%
BCC B -0.11%
ELV F -0.11%
AMH D -0.11%
BMRN D -0.11%
TPR B -0.1%
ADTN A -0.1%
ADM D -0.1%
BKR B -0.1%
CRC B -0.1%
ADP B -0.1%
PEG A -0.1%
MHO D -0.1%
FANG D -0.09%
A D -0.09%
TRGP B -0.09%
CNO A -0.09%
MTDR B -0.09%
KD B -0.09%
GPN B -0.09%
ACT D -0.09%
MCK B -0.09%
CRUS D -0.09%
TENB C -0.08%
DASH A -0.08%
MKC D -0.08%
LH C -0.08%
HON B -0.08%
BBWI D -0.08%
IFF D -0.08%
ALRM C -0.08%
AEP D -0.08%
CMG B -0.07%
REG B -0.07%
BYD C -0.07%
LYFT C -0.07%
LOW D -0.07%
WCC B -0.07%
NWL B -0.06%
NWSA B -0.06%
UPS C -0.06%
LEG F -0.06%
ARW D -0.06%
VSTS C -0.06%
MDLZ F -0.06%
OGE B -0.06%
NMRK B -0.06%
DFS B -0.05%
TRMB B -0.05%
SAM C -0.05%
CTRA B -0.05%
FHI A -0.05%
GLPI C -0.05%
CW B -0.05%
PLTK B -0.05%
GIS D -0.05%
AM A -0.04%
ADI D -0.04%
VLTO D -0.04%
INGR B -0.04%
VAC B -0.04%
CSGP D -0.04%
HL D -0.04%
CWEN C -0.04%
BKH A -0.04%
AXTA A -0.03%
MSA D -0.03%
TFX F -0.03%
KLAC D -0.03%
UAL A -0.03%
EXTR B -0.03%
WS B -0.03%
RJF A -0.03%
ALKS B -0.03%
DHI D -0.03%
AMD F -0.02%
CWEN C -0.02%
AYI B -0.02%
SWI B -0.02%
OKTA C -0.02%
OGN D -0.02%
BERY B -0.02%
ITRI B -0.02%
BIO D -0.02%
WOOF D -0.02%
TNL A -0.01%
TGT F -0.01%
MUR D -0.01%
PHM D -0.01%
CXT B -0.01%
BLDR D -0.01%
DGX A -0.01%
ANSS B -0.01%
AXS A -0.01%
SON D -0.01%
M D -0.01%
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