CLSE vs. FEX ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to First Trust Large Cap Core AlphaDEX (FEX)

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

FEX

First Trust Large Cap Core AlphaDEX

FEX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$103.52

Average Daily Volume

22,970

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	FEX
30 Days	2.05%	3.61%
60 Days	4.63%	4.86%
90 Days	1.81%	6.61%
12 Months	37.03%	25.75%

99 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in FEX	Overlap
AAPL	C	2.26%	0.17%	0.17%
ADBE	F	-0.36%	0.08%	-0.36%
AJG	D	-0.21%	0.29%	-0.21%
ALNY	C	0.12%	0.19%	0.12%
AMGN	B	0.55%	0.36%	0.36%
AMZN	C	2.5%	0.32%	0.32%
ANET	B	1.86%	0.43%	0.43%
APD	B	-0.26%	0.28%	-0.26%
AVGO	C	2.58%	0.35%	0.35%
BA	F	-0.38%	0.07%	-0.38%
BAC	D	0.81%	0.25%	0.25%
BG	D	0.72%	0.38%	0.38%
BKNG	C	0.25%	0.34%	0.25%
C	C	-0.48%	0.23%	-0.48%
CAT	B	0.33%	0.26%	0.26%
CCL	C	0.24%	0.32%	0.24%
CFG	C	0.57%	0.38%	0.38%
CINF	B	-0.2%	0.49%	-0.2%
CNC	D	0.73%	0.39%	0.39%
CPNG	B	0.26%	0.1%	0.1%
CSCO	C	-0.27%	0.36%	-0.27%
CVX	D	0.51%	0.38%	0.38%
D	C	-0.34%	0.3%	-0.34%
DRI	B	-0.11%	0.09%	-0.11%
DVN	F	0.35%	0.35%	0.35%
EL	F	-0.2%	0.07%	-0.2%
EQR	B	0.44%	0.28%	0.28%
EQT	D	-0.26%	0.38%	-0.26%
EXPE	C	0.53%	0.18%	0.18%
FCNCA	D	-0.19%	0.47%	-0.19%
FCX	D	0.38%	0.07%	0.07%
FDX	C	0.5%	0.33%	0.33%
FITB	B	0.61%	0.29%	0.29%
GDDY	C	1.58%	0.45%	0.45%
GE	B	-0.36%	0.48%	-0.36%
GLW	C	0.32%	0.09%	0.09%
GM	C	0.54%	0.43%	0.43%
GOOGL	D	2.93%	0.37%	0.37%
GRMN	D	0.35%	0.45%	0.35%
HPE	D	1.52%	0.34%	0.34%
HSY	C	-0.28%	0.28%	-0.28%
IBM	B	1.7%	0.11%	0.11%
INTC	F	-0.93%	0.23%	-0.93%
J	C	0.36%	0.18%	0.18%
JNJ	C	0.96%	0.29%	0.29%
JPM	D	0.77%	0.43%	0.43%
KLAC	D	0.47%	0.23%	0.23%
KMB	D	0.4%	0.09%	0.09%
KR	C	0.17%	0.38%	0.17%
LKQ	F	-0.2%	0.41%	-0.2%
LMT	C	0.54%	0.21%	0.21%
LPLA	D	-0.35%	0.31%	-0.35%
LUV	C	-0.21%	0.25%	-0.21%
LYV	B	-0.36%	0.18%	-0.36%
META	B	3.15%	0.45%	0.45%
MO	C	0.81%	0.19%	0.19%
MPC	F	0.74%	0.39%	0.39%
MS	D	-0.25%	0.17%	-0.25%
MSFT	C	1.12%	0.16%	0.16%
NEE	C	0.55%	0.3%	0.3%
NFLX	B	0.31%	0.35%	0.31%
NTAP	D	1.64%	0.39%	0.39%
NTNX	C	0.84%	0.26%	0.26%
NTRS	A	0.91%	0.27%	0.27%
NVDA	D	4.12%	0.4%	0.4%
NVR	B	0.3%	0.1%	0.1%
OKE	B	-0.24%	0.29%	-0.24%
ORCL	C	1.22%	0.31%	0.31%
PG	C	0.81%	0.09%	0.09%
PGR	B	0.55%	0.1%	0.1%
POOL	C	-0.54%	0.1%	-0.54%
PYPL	B	0.98%	0.31%	0.31%
QCOM	D	2.58%	0.14%	0.14%
REGN	C	-0.32%	0.19%	-0.32%
RF	B	0.69%	0.38%	0.38%
RIVN	F	-0.41%	0.17%	-0.41%
RTX	C	0.51%	0.1%	0.1%
SJM	C	-0.17%	0.37%	-0.17%
SMCI	F	-0.55%	0.09%	-0.55%
SPG	B	0.41%	0.09%	0.09%
SRE	C	-0.33%	0.37%	-0.33%
SYF	C	0.86%	0.42%	0.42%
T	C	1.03%	0.49%	0.49%
TSN	C	0.57%	0.09%	0.09%
TTD	B	-0.23%	0.18%	-0.23%
TTWO	C	-0.47%	0.08%	-0.47%
TXN	C	-0.85%	0.09%	-0.85%
UHAL	A	-0.16%	0.39%	-0.16%
VLO	F	0.79%	0.36%	0.36%
VMC	D	-0.11%	0.08%	-0.11%
VRT	C	0.59%	0.42%	0.42%
VST	C	0.53%	0.44%	0.44%
VTRS	D	0.31%	0.38%	0.31%
WBD	D	-0.38%	0.39%	-0.38%
WFC	D	0.55%	0.31%	0.31%
WMT	C	2.07%	0.1%	0.1%
WY	C	-0.19%	0.29%	-0.19%
XOM	C	0.58%	0.41%	0.41%
XYL	C	-0.23%	0.25%	-0.23%

CLSE Overweight 227 Positions Relative to FEX

Symbol	Grade	Weight
APP	C	2.04%
CVLT	B	1.64%
CVNA	B	1.53%
GOOG	D	1.22%
DOCU	C	1.21%
HD	B	1.17%
ACIW	B	1.12%
ABBV	C	1.04%
HALO	C	1.03%
MU	F	1.02%
GILD	B	0.98%
AMG	C	0.98%
SNEX	B	0.95%
OGN	D	0.92%
JHG	B	0.92%
AVT	C	0.88%
UHS	B	0.87%
THC	A	0.85%
AMRX	B	0.85%
DVA	B	0.82%
EME	B	0.81%
SEIC	C	0.81%
MLI	A	0.75%
FTDR	B	0.75%
PPC	D	0.72%
JXN	A	0.72%
MCK	F	0.71%
UMBF	B	0.71%
IDCC	B	0.7%
CHRW	B	0.66%
IIPR	B	0.65%
IESC	C	0.63%
OSCR	B	0.63%
GVA	B	0.63%
NEM	B	0.62%
CAH	C	0.61%
STRL	B	0.6%
MUSA	D	0.59%
TSLA	C	0.59%
UNP	C	0.57%
PATK	B	0.55%
PNW	C	0.55%
MTZ	B	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%
RGA	C	0.53%
MRK	D	0.53%
BMY	C	0.49%
ADMA	B	0.49%
CNA	C	0.49%
NSA	B	0.48%
LNTH	D	0.46%
EEFT	D	0.45%
RGLD	C	0.43%
REZI	D	0.43%
ACT	B	0.42%
LAMR	B	0.41%
SAIC	C	0.4%
MRO	C	0.39%
SCCO	D	0.39%
LDOS	B	0.38%
CTRE	C	0.36%
BCO	B	0.36%
KNF	B	0.35%
ABM	D	0.34%
TOL	B	0.34%
STAG	C	0.33%
JLL	B	0.32%
ALSN	B	0.32%
ANF	D	0.32%
SM	F	0.31%
EXP	B	0.31%
IBP	D	0.27%
ADUS	B	0.15%
SPOT	B	0.13%
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%
HHH	C	-0.11%
CC	F	-0.11%
ACVA	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%
DAY	D	-0.15%
MTN	D	-0.15%
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%
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%
CNH	D	-0.19%
LAD	D	-0.19%
COTY	F	-0.2%
COLB	B	-0.2%
TMDX	C	-0.2%
TFC	C	-0.2%
AVAV	C	-0.2%
WOLF	F	-0.2%
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%
WTM	D	-0.23%
SW	B	-0.23%
IPAR	F	-0.23%
DLTR	F	-0.23%
FDS	C	-0.23%
PTEN	F	-0.24%
SUM	D	-0.24%
BIO	C	-0.24%
AGCO	D	-0.24%
VSH	F	-0.25%
WAT	C	-0.25%
ALB	D	-0.26%
AL	D	-0.26%
SITE	C	-0.26%
FLYW	F	-0.26%
WSC	D	-0.26%
VVV	D	-0.27%
GT	F	-0.27%
HASI	C	-0.27%
CELH	F	-0.28%
NEOG	D	-0.29%
GMED	D	-0.29%
LW	D	-0.29%
APLS	F	-0.29%
FIVN	F	-0.3%
MNST	D	-0.31%
O	C	-0.31%
INSP	C	-0.31%
RVMD	C	-0.32%
ENPH	D	-0.32%
PEN	D	-0.32%
FOUR	C	-0.33%
EVTC	D	-0.33%
RGEN	F	-0.33%
EXAS	C	-0.34%
IAC	C	-0.34%
TOST	C	-0.34%
MARA	F	-0.35%
ZI	D	-0.36%
LVS	D	-0.36%
ON	D	-0.36%
KLIC	F	-0.36%
AFRM	C	-0.36%
NDAQ	A	-0.36%
RIOT	F	-0.38%
BBIO	D	-0.38%
PATH	D	-0.39%
SATS	C	-0.4%
BRZE	F	-0.4%
MKTX	C	-0.4%
CCOI	C	-0.43%
CGNX	F	-0.43%
FIVE	D	-0.45%
ZBRA	B	-0.48%
GLOB	D	-0.48%
GFS	F	-0.48%
LSCC	D	-0.5%
MDB	D	-0.5%
MCHP	F	-0.5%
CFLT	F	-0.5%
BILL	D	-0.5%
DV	F	-0.5%
RH	B	-0.56%
WDC	D	-0.58%
LBRDK	F	-0.58%
FND	C	-0.59%
U	D	-0.6%
LITE	B	-0.69%

CLSE Underweight 271 Positions Relative to FEX

Symbol	Grade	Weight
DHI	B	-0.58%
IRM	C	-0.56%
LEN	B	-0.53%
HWM	B	-0.52%
EBAY	B	-0.51%
ETR	B	-0.51%
KKR	B	-0.51%
HEI	B	-0.5%
BK	B	-0.5%
GPN	D	-0.49%
FOXA	B	-0.49%
ACGL	C	-0.48%
CTSH	C	-0.48%
BRK.A	C	-0.47%
TT	B	-0.47%
TJX	B	-0.46%
UAL	C	-0.45%
RCL	B	-0.45%
COST	B	-0.45%
PWR	B	-0.45%
CF	C	-0.45%
SNA	C	-0.45%
WAB	B	-0.45%
FICO	B	-0.43%
LLY	C	-0.43%
EG	C	-0.43%
BAH	C	-0.43%
AFL	C	-0.42%
CVS	D	-0.42%
APO	C	-0.42%
MKL	C	-0.42%
ADM	D	-0.42%
CMCSA	D	-0.42%
AEE	C	-0.41%
OC	D	-0.41%
EOG	D	-0.41%
XEL	B	-0.41%
DECK	C	-0.41%
TEL	D	-0.41%
APTV	D	-0.41%
RS	D	-0.41%
WEC	C	-0.41%
STX	C	-0.41%
ED	C	-0.4%
ATO	B	-0.4%
AEP	C	-0.4%
CB	B	-0.39%
DGX	B	-0.39%
MTB	B	-0.39%
PCG	C	-0.39%
CAG	C	-0.39%
CE	F	-0.39%
TROW	D	-0.39%
MSI	B	-0.39%
COP	D	-0.39%
HIG	B	-0.39%
WPC	C	-0.39%
BRO	C	-0.39%
EXC	C	-0.39%
HBAN	B	-0.38%
PSX	F	-0.38%
LII	B	-0.38%
NUE	F	-0.38%
DTE	C	-0.38%
KMI	B	-0.37%
BSX	B	-0.37%
CL	D	-0.37%
VZ	B	-0.37%
FANG	D	-0.37%
ERIE	B	-0.37%
INCY	C	-0.37%
ISRG	B	-0.37%
KHC	C	-0.37%
HAL	F	-0.36%
L	C	-0.36%
DE	B	-0.36%
STLD	F	-0.36%
IPG	C	-0.36%
TDG	B	-0.36%
CTRA	D	-0.36%
PLTR	B	-0.36%
DOV	B	-0.35%
LNG	C	-0.35%
CEG	C	-0.34%
HLT	B	-0.34%
OXY	F	-0.34%
COF	B	-0.34%
PANW	D	-0.34%
JBL	D	-0.33%
ETN	C	-0.33%
AIG	D	-0.33%
LYB	D	-0.33%
MMM	B	-0.33%
ZBH	F	-0.33%
CRBG	D	-0.32%
APH	D	-0.32%
PHM	B	-0.32%
DAL	C	-0.32%
SSNC	B	-0.31%
SWKS	D	-0.31%
FNF	B	-0.31%
CMG	C	-0.31%
KIM	C	-0.31%
TYL	C	-0.3%
CRWD	D	-0.3%
TMUS	C	-0.3%
CTAS	B	-0.3%
BBY	C	-0.3%
DUK	C	-0.3%
PKG	B	-0.3%
GIS	B	-0.3%
CMS	C	-0.3%
TRV	C	-0.3%
BEN	F	-0.3%
EIX	C	-0.3%
USB	B	-0.29%
NOW	B	-0.29%
CPB	C	-0.29%
ZM	C	-0.29%
URI	B	-0.29%
F	F	-0.29%
CHTR	D	-0.29%
PEG	B	-0.29%
STT	A	-0.29%
FE	C	-0.29%
PNC	B	-0.29%
EPAM	F	-0.28%
TDY	B	-0.28%
KDP	B	-0.28%
JBHT	D	-0.27%
AZO	D	-0.27%
ROST	C	-0.27%
DPZ	F	-0.27%
RSG	D	-0.27%
AMAT	D	-0.27%
ECL	B	-0.27%
HRL	C	-0.27%
GS	C	-0.27%
MPWR	C	-0.27%
TXT	D	-0.26%
PSTG	F	-0.26%
CSL	B	-0.26%
TGT	C	-0.26%
FSLR	C	-0.26%
ROL	C	-0.26%
VRTX	D	-0.26%
WM	D	-0.25%
UBER	C	-0.25%
GPC	D	-0.25%
IR	C	-0.25%
LRCX	F	-0.24%
DOW	D	-0.24%
MAR	C	-0.24%
BKR	C	-0.24%
CBRE	A	-0.23%
CNP	C	-0.23%
NXPI	F	-0.22%
KVUE	C	-0.22%
DDOG	D	-0.22%
PINS	F	-0.22%
AXON	B	-0.22%
MOH	D	-0.21%
WELL	C	-0.21%
PM	C	-0.21%
HCA	B	-0.21%
SNPS	D	-0.21%
VTR	C	-0.21%
MDLZ	B	-0.2%
AWK	B	-0.2%
ESS	B	-0.2%
LOW	B	-0.2%
MAA	B	-0.2%
PH	B	-0.2%
MANH	B	-0.19%
MMC	C	-0.19%
CI	C	-0.19%
GWW	B	-0.19%
ARES	B	-0.19%
WRB	C	-0.19%
AVB	B	-0.19%
OMC	B	-0.19%
KO	C	-0.19%
BLK	B	-0.19%
MDT	C	-0.19%
KEY	B	-0.19%
MCO	B	-0.19%
PFG	B	-0.18%
WSO	C	-0.18%
DLR	B	-0.18%
NKE	D	-0.18%
GD	B	-0.18%
ARE	C	-0.18%
WMB	B	-0.18%
ORLY	C	-0.18%
BR	D	-0.18%
CMI	C	-0.18%
JCI	B	-0.18%
SYK	C	-0.18%
INTU	C	-0.17%
OTIS	C	-0.17%
ROP	C	-0.17%
MTD	D	-0.17%
VRSK	D	-0.17%
DKNG	C	-0.17%
PPG	D	-0.17%
CHD	D	-0.17%
ELV	C	-0.17%
LHX	C	-0.17%
PCAR	D	-0.16%
UPS	D	-0.16%
RJF	C	-0.16%
WLK	D	-0.16%
BIIB	F	-0.15%
CDNS	D	-0.15%
MGM	F	-0.14%
HUM	F	-0.14%
OKTA	F	-0.13%
TRU	B	-0.12%
K	B	-0.12%
DG	F	-0.11%
RMD	C	-0.11%
AXP	B	-0.1%
MA	B	-0.1%
ABT	C	-0.1%
RPM	B	-0.1%
IT	B	-0.1%
NSC	C	-0.1%
SO	B	-0.1%
PODD	B	-0.1%
SNAP	F	-0.1%
ADP	B	-0.1%
TRGP	B	-0.1%
PPL	C	-0.1%
SPGI	B	-0.1%
MKC	C	-0.1%
NOC	B	-0.1%
BAX	C	-0.1%
DD	B	-0.09%
INVH	C	-0.09%
CTVA	B	-0.09%
TSCO	C	-0.09%
MRVL	C	-0.09%
EA	D	-0.09%
SYY	D	-0.09%
LIN	B	-0.09%
ADSK	C	-0.09%
AMH	C	-0.09%
TMO	B	-0.09%
STE	C	-0.09%
GEHC	C	-0.09%
HOLX	B	-0.09%
HUBB	B	-0.09%
NBIX	F	-0.08%
ZS	F	-0.08%
CPRT	D	-0.08%
AMD	D	-0.08%
NWSA	D	-0.08%
PTC	D	-0.08%
HON	D	-0.08%
HPQ	D	-0.08%
NET	D	-0.08%
EXPD	C	-0.08%
ADI	C	-0.08%
MLM	D	-0.08%
STZ	D	-0.08%
CRM	D	-0.08%
BDX	D	-0.08%
PRU	C	-0.08%
ENTG	F	-0.07%
HUBS	D	-0.07%
EW	F	-0.06%