CLSE vs. FTLS ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to First Trust Long/Short Equity (FTLS)
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

$21.59

Average Daily Volume

94,326

Number of Holdings *

343

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

First Trust Long/Short Equity

FTLS Description The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.87

Average Daily Volume

143,844

Number of Holdings *

453

* may have additional holdings in another (foreign) market
Performance
Period CLSE FTLS
30 Days 2.48% 3.55%
60 Days 4.79% 5.37%
90 Days 5.96% 4.30%
12 Months 41.39% 22.64%
107 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in FTLS Overlap
AAPL A 0.76% 4.45% 0.76%
ACHC F -0.19% -0.16% -0.19%
ACVA D -0.11% -0.02% -0.11%
AEIS B -0.43% -0.06% -0.43%
AGL D -0.12% -0.03% -0.12%
AIG C 0.04% 0.66% 0.04%
ALB F -0.24% -0.23% -0.24%
AMG C 0.89% 0.09% 0.09%
AMR F 0.48% 0.2% 0.2%
AMZN A 3.53% 2.58% 2.58%
ANET B 2.06% 1.95% 1.95%
BA C -0.63% -0.78% -0.78%
BE D -0.14% -0.05% -0.14%
BG B 0.72% 0.38% 0.38%
BIO D -0.2% -0.18% -0.2%
BLD D 0.28% 0.25% 0.25%
BRBR C 0.76% 0.15% 0.15%
CACC B -0.21% -0.06% -0.21%
CACC B -0.21% -0.04% -0.21%
CALM B -0.22% 0.09% -0.22%
CAR F -0.15% -0.11% -0.15%
CCOI D -0.34% -0.04% -0.34%
CFLT F -0.47% -0.14% -0.47%
CG D -0.21% -0.1% -0.21%
CHK D -0.18% -0.17% -0.18%
CNC D 0.25% 0.47% 0.25%
CNH F -0.22% -0.33% -0.33%
CVLT C 1.29% 0.08% 0.08%
CVNA B 1.31% -0.33% -0.33%
DECK D 0.18% 0.78% 0.18%
DKNG F 0.34% -0.26% -0.26%
EME D 0.69% 0.33% 0.33%
EXAS F -0.1% -0.16% -0.16%
EXP D 0.3% 0.14% 0.14%
FLNC F -0.15% -0.04% -0.15%
FND F -0.44% -0.16% -0.44%
FTDR D 0.47% 0.06% 0.06%
GATX B -0.17% -0.05% -0.17%
GDDY B 1.54% 0.37% 0.37%
GFS B -0.56% -0.09% -0.56%
GILD C 0.42% 1.11% 0.42%
GLW A 0.49% -0.44% -0.44%
GO F -0.21% -0.11% -0.21%
GOOG A 2.42% 1.26% 1.26%
GOOGL A 3.02% 1.49% 1.49%
HALO B 0.88% 0.11% 0.11%
HASI D -0.28% -0.03% -0.28%
HI D -0.19% -0.03% -0.19%
HRB C 0.25% 0.13% 0.13%
IRTC D -0.16% -0.16% -0.16%
JNJ D 0.85% 1.87% 0.85%
JOBY C -0.06% -0.08% -0.08%
JPM B 0.7% 0.85% 0.7%
KNSL F -0.14% 0.21% -0.14%
KVUE F -0.18% -0.68% -0.68%
LAD F -0.21% -0.08% -0.21%
LDOS B 0.4% 0.28% 0.28%
LGIH D -0.12% -0.06% -0.12%
LHX A -0.08% -0.63% -0.63%
LITE B -0.7% -0.2% -0.7%
LLY A 0.57% 0.94% 0.57%
LNC B -0.16% -0.06% -0.16%
LOPE D 0.22% 0.05% 0.05%
MAN F 0.19% 0.06% 0.06%
MCK C 0.75% 0.82% 0.75%
META B 1.78% 1.53% 1.53%
MO A 0.74% 1.21% 0.74%
MPC F 0.8% 1.07% 0.8%
MSFT A 3.61% 4.65% 3.61%
MUSA B 0.78% 0.21% 0.21%
NFE F -0.22% -0.04% -0.22%
NFLX C 0.74% 1.99% 0.74%
NOG D -0.24% -0.06% -0.24%
NSA C 0.39% -0.04% -0.04%
NTNX D 0.94% -0.14% -0.14%
NVDA B 4.71% 3.82% 3.82%
PANW C -0.54% -0.31% -0.54%
PNM D -0.08% -0.08% -0.08%
PPC C 0.68% 0.06% 0.06%
PRCT C -0.2% -0.03% -0.2%
PRU A 0.65% 0.36% 0.36%
PSTG B 0.51% -0.21% -0.21%
QCOM B 2.39% 0.28% 0.28%
RGA B 0.52% 0.15% 0.15%
RH D -0.52% -0.23% -0.52%
RNR D -0.25% 0.15% -0.25%
RUN C -0.16% -0.31% -0.31%
SHC C -0.15% -0.07% -0.15%
SITM B -0.65% -0.03% -0.65%
SJM F -0.25% -0.38% -0.38%
SKYW B 0.62% 0.08% 0.08%
SPOT C 0.75% 1.3% 0.75%
STLD D 0.31% 0.32% 0.31%
STNG C 0.63% 0.13% 0.13%
T B 0.91% -0.64% -0.64%
TGNA D -0.23% 0.07% -0.23%
TNK C 0.63% 0.05% 0.05%
TTWO D -0.35% -0.67% -0.67%
TXG F -0.14% -0.13% -0.14%
UEC D -0.19% -0.11% -0.19%
UMBF A 0.59% 0.06% 0.06%
VC F -0.23% 0.07% -0.23%
VFC D -0.13% -0.06% -0.13%
VLO D 0.67% 1.05% 0.67%
WMT A 1.42% 1.98% 1.42%
WOLF F -0.63% -0.3% -0.63%
ZWS D -0.09% 0.05% -0.09%
CLSE Overweight 237 Positions Relative to FTLS
Symbol Grade Weight
MU B 2.5%
AMAT A 2.46%
NTAP A 1.94%
APP B 1.77%
APH B 1.53%
HPE B 1.53%
CRWD C 1.43%
IBM B 1.41%
SYF B 0.98%
CRBG B 0.9%
DOCU D 0.89%
COIN D 0.87%
MRK C 0.86%
ABBV C 0.84%
OGN D 0.81%
SEIC D 0.78%
BAC A 0.78%
ICLR B 0.75%
HD B 0.75%
SNEX B 0.74%
GM B 0.74%
PINS C 0.72%
ACIW C 0.72%
PAGS C 0.7%
PG B 0.69%
HQY C 0.68%
WFC C 0.68%
THC C 0.67%
F B 0.67%
TSN D 0.66%
PBF F 0.66%
HIMS C 0.65%
JHG A 0.65%
XOM D 0.64%
AMRX C 0.62%
AXP B 0.62%
VRT D 0.61%
OC D 0.61%
CAT D 0.6%
AMGN B 0.6%
MLI C 0.58%
NU B 0.58%
AIT D 0.57%
DY B 0.57%
STRL D 0.54%
VST C 0.54%
IESC D 0.52%
IIPR B 0.51%
UHS C 0.5%
UNP D 0.5%
DVA C 0.49%
NRG D 0.48%
LNTH A 0.48%
FITB C 0.48%
GVA D 0.48%
PNW C 0.47%
ALL D 0.47%
REZI D 0.47%
SQ D 0.46%
AVA D 0.46%
BAH B 0.46%
EEFT D 0.45%
FCX C 0.45%
NEM A 0.45%
VTRS C 0.45%
GFF D 0.44%
SLVM D 0.44%
EQR B 0.43%
CNA B 0.43%
KD C 0.43%
DPZ D 0.42%
BCO C 0.42%
FDX C 0.42%
KNF C 0.41%
MGM B 0.41%
MRO C 0.4%
GRMN C 0.39%
BCC F 0.38%
STAG B 0.35%
NEE D 0.35%
SPG B 0.34%
ANF C 0.33%
SMCI C 0.32%
ROAD D 0.32%
BKNG B 0.28%
IBP D 0.27%
J D 0.24%
PGR B 0.24%
ITRI D 0.24%
DOCS C 0.23%
UBER C 0.23%
SKT D 0.21%
NTRA B 0.2%
VCTR D 0.2%
APPF B 0.17%
FG C 0.13%
INCY B 0.12%
PFE C 0.09%
HOOD C 0.07%
IRT C -0.04%
AAL F -0.05%
DOC B -0.05%
CELH F -0.05%
CHDN C -0.06%
CWST A -0.06%
VTR B -0.06%
CMC D -0.06%
CNXC C -0.07%
JBHT F -0.07%
RRC D -0.07%
PLNT C -0.07%
TRNO B -0.08%
MCW F -0.08%
VAC D -0.08%
AWR D -0.08%
RYAN C -0.08%
BIRK C -0.09%
PENN C -0.09%
DRVN D -0.09%
AES D -0.09%
WTRG C -0.09%
AESI D -0.1%
DRI F -0.1%
WOR F -0.1%
PYCR F -0.11%
EQIX C -0.11%
ALNY A -0.11%
CRS B -0.12%
EXR C -0.12%
DAY F -0.12%
MAC C -0.12%
LUV C -0.13%
UHAL D -0.13%
AVAV D -0.13%
NOVT D -0.13%
SITC A -0.13%
AAP F -0.13%
WTM D -0.13%
XP D -0.13%
VMC D -0.14%
NARI C -0.14%
CZR C -0.15%
AJG A -0.15%
PCH F -0.15%
ROK C -0.15%
WTW C -0.15%
EL F -0.16%
XYL C -0.16%
ASB C -0.16%
CLDX D -0.16%
PPBI B -0.18%
SBCF B -0.18%
MTN F -0.18%
MSGS B -0.18%
FOXF D -0.18%
FL F -0.18%
ALLY B -0.18%
CRL F -0.19%
FMC F -0.19%
GTLS F -0.19%
IVZ C -0.19%
IPAR D -0.2%
UCBI C -0.2%
WAFD B -0.2%
PGNY F -0.2%
KNX C -0.2%
MRNA D -0.2%
FCNCA C -0.21%
APD D -0.21%
RBA B -0.21%
BANC D -0.21%
O C -0.21%
CARR C -0.21%
ARWR C -0.22%
EQT D -0.22%
HSY D -0.22%
BOKF C -0.22%
LW F -0.23%
GE C -0.23%
PEN D -0.23%
MKTX D -0.23%
WAL B -0.23%
SUM D -0.23%
OKE B -0.24%
GPOR C -0.24%
INSP F -0.24%
TSLA B -0.24%
MS A -0.25%
DAR D -0.25%
VVV B -0.25%
RCM C -0.26%
RVMD B -0.26%
SBUX F -0.26%
D D -0.27%
NDAQ B -0.28%
BX B -0.28%
DLTR F -0.29%
GS A -0.29%
MARA D -0.29%
CABO F -0.3%
FOUR C -0.3%
MC A -0.3%
APLS F -0.31%
NEOG C -0.32%
BBIO D -0.33%
SRE B -0.34%
FICO B -0.34%
FIVE F -0.34%
TECH D -0.34%
KMX B -0.35%
WBD D -0.36%
BOOT C -0.36%
DIOD B -0.37%
IAC D -0.37%
ZI F -0.37%
LBRDK D -0.38%
VSH D -0.38%
PARA D -0.39%
ADBE B -0.4%
CIEN F -0.42%
FIVN F -0.43%
U F -0.44%
RIOT F -0.44%
GLOB C -0.44%
SATS C -0.45%
INST B -0.45%
DV F -0.46%
LYV B -0.47%
COHR B -0.48%
ZBRA B -0.57%
SNPS B -0.58%
QQQ A -0.58%
CGNX B -0.65%
MCHP C -0.73%
KLIC B -0.81%
INTC C -0.83%
TXN B -0.86%
CLSE Underweight 346 Positions Relative to FTLS
Symbol Grade Weight
C A -1.91%
TMUS B -1.68%
BMY D -1.62%
CMG D -1.47%
ZTS C -1.41%
TGT D -1.33%
TJX A -1.24%
PM A -1.23%
CI D -1.12%
ELV C -1.07%
BRK.A C -1.05%
AVGO B -1.02%
REGN B -0.97%
VRTX A -0.96%
UAL D -0.95%
ADSK B -0.95%
BSX B -0.95%
DAL D -0.91%
CL B -0.85%
COF D -0.81%
DVN D -0.79%
ROST B -0.69%
PH D -0.66%
ROP C -0.65%
CCI D -0.64%
EA A -0.64%
WMB B -0.62%
ECL B -0.61%
VRSK A -0.54%
MSI A -0.54%
TDG D -0.53%
CAH D -0.53%
CTAS A -0.53%
HPQ B -0.52%
NUE F -0.49%
LVS F -0.47%
HBAN D -0.46%
CF F -0.43%
AFL B -0.42%
RIO D -0.41%
PHM D -0.39%
DD B -0.38%
STT C -0.38%
HIG D -0.37%
RL C -0.36%
WAB C -0.33%
UTHR A -0.32%
WSO B -0.31%
TOL D -0.31%
VLTO D -0.3%
EPD B -0.3%
VRSN F -0.29%
CAG D -0.28%
DINO F -0.28%
MOH F -0.28%
FTV D -0.28%
CHRD D -0.28%
CHD D -0.27%
HOLX C -0.27%
NTRS B -0.27%
TXRH C -0.27%
EG D -0.26%
CPB B -0.25%
PKG D -0.25%
DBX F -0.24%
EQNR D -0.22%
ROL B -0.22%
NVT D -0.21%
SFM C -0.21%
AR D -0.21%
BBWI F -0.21%
NVR C -0.2%
PFG C -0.2%
SNX D -0.2%
CNM D -0.2%
ARCH D -0.19%
ARMK C -0.19%
ALK F -0.19%
HRL D -0.18%
LPX D -0.17%
HSIC F -0.17%
EVR A -0.16%
PFGC F -0.15%
KBH D -0.15%
NXST B -0.14%
MTH D -0.14%
CRI F -0.14%
PAA B -0.14%
MKL D -0.14%
SIG D -0.14%
BERY D -0.14%
VOYA D -0.14%
ALSN B -0.13%
BYD C -0.13%
RPM D -0.13%
AYI D -0.12%
RGLD B -0.12%
NDSN D -0.12%
CRC C -0.12%
BECN D -0.12%
CHE F -0.11%
SMG D -0.11%
PRI C -0.1%
MTG B -0.1%
OLN F -0.1%
CACI B -0.1%
DTM B -0.1%
NSIT D -0.1%
CEIX C -0.1%
AM B -0.09%
AGO B -0.09%
TPH D -0.09%
ATR C -0.09%
TMHC D -0.09%
PAGP B -0.09%
SLM D -0.09%
OZK D -0.09%
INGR C -0.09%
WGO F -0.08%
LFUS C -0.08%
PRGS C -0.08%
PINC F -0.08%
BPOP B -0.08%
COLM D -0.08%
AFG D -0.08%
AXS B -0.08%
IGT F -0.07%
HESM A -0.07%
GES D -0.07%
RBC C -0.07%
YELP F -0.07%
SMPL D -0.07%
SIGI F -0.07%
LANC D -0.06%
AVT C -0.06%
WDFC D -0.06%
KFY C -0.06%
FLO D -0.06%
LPG D -0.06%
KNTK B -0.06%
FANG B -0.06%
HELE F -0.06%
ENLC C -0.06%
WHD B -0.06%
INMD F -0.06%
PJT B -0.06%
INSW D -0.06%
CVI F -0.06%
GWW D -0.06%
GMS D -0.06%
DDS C -0.06%
ESNT C -0.06%
THG D -0.05%
CVCO D -0.05%
OXM D -0.05%
GOGL D -0.05%
ATGE B -0.05%
NEU F -0.05%
WTS D -0.05%
ASGN F -0.05%
DK F -0.05%
CBSH A -0.05%
CBT D -0.04%
AMRC F --0.01%
KRUS F --0.01%
RXST D --0.02%
TRUP C --0.02%
PRO F --0.02%
BASE F --0.02%
SSTK D --0.02%
ATSG C --0.02%
ALGT F --0.02%
OTTR D --0.02%
SILK A --0.02%
APPN C --0.02%
AKR A --0.02%
ECPG D --0.02%
MYRG D --0.02%
NEXT C --0.02%
ASPN D --0.02%
PRVA D --0.02%
RGR F --0.02%
CRGY B --0.02%
ARLO B --0.02%
INDI D --0.02%
CWT D --0.02%
MGPI F --0.02%
BOH D --0.02%
NTST D --0.02%
RC C --0.02%
GBX F --0.02%
RYN F --0.02%
FFIN C --0.02%
TRN D --0.02%
HAYW D --0.02%
NWN F --0.02%
SAH F --0.02%
EXPI D --0.02%
KWR F --0.02%
HEES D --0.02%
NVCR D --0.02%
AMRK D --0.02%
CLVT F --0.03%
CSGS F --0.03%
ORA C --0.03%
PARR F --0.03%
MRCY D --0.03%
OSIS B --0.03%
HRI F --0.03%
HTZ F --0.03%
ASAN F --0.03%
PAG D --0.03%
PAR C --0.03%
AZTA F --0.03%
EFC A --0.03%
CCS D --0.03%
LNN D --0.03%
SGRY F --0.03%
COHU B --0.03%
ATEC D --0.03%
VSEC B --0.03%
BZH D --0.03%
CNNE D --0.04%
RUSHA D --0.04%
STEP B --0.04%
EPRT A --0.04%
ENR D --0.04%
IDA D --0.04%
ROIC B --0.04%
MIR B --0.04%
LMND C --0.04%
KRC D --0.04%
ICHR B --0.04%
RDFN D --0.04%
RKT D --0.04%
CTRE A --0.04%
EYE F --0.05%
GPRE F --0.05%
BGC B --0.05%
VSAT F --0.05%
JBGS B --0.05%
SITE F --0.05%
DBRG D --0.05%
OSCR D --0.05%
MYGN B --0.05%
VIAV D --0.05%
TREX D --0.06%
IPGP D --0.06%
THS C --0.06%
SDGR F --0.06%
JBT F --0.06%
COUR F --0.06%
FSLY F --0.06%
EGP B --0.06%
GKOS B --0.06%
DXC C --0.06%
SNDR C --0.06%
SPT D --0.06%
MP D --0.06%
OI F --0.06%
ZD F --0.06%
ACMR C --0.06%
ODP F --0.06%
GMED A --0.07%
ENOV F --0.07%
WERN F --0.07%
SLGN D --0.07%
UPST D --0.07%
SYNA D --0.07%
VAL D --0.07%
GLPI B --0.07%
CWH D --0.07%
ADC B --0.07%
KMPR B --0.07%
BHF D --0.07%
VNO B --0.07%
MDU C --0.08%
FRPT C --0.08%
SONO F --0.08%
SPB D --0.08%
EXTR C --0.08%
MASI F --0.08%
KTOS C --0.08%
SLAB D --0.09%
AMBA C --0.09%
CHH B --0.09%
TPX D --0.09%
MSGE D --0.09%
JBLU C --0.1%
USFD D --0.1%
AEO D --0.1%
MGY B --0.1%
QS F --0.1%
SOFI D --0.1%
FTRE D --0.1%
NVST F --0.11%
FOXA A --0.11%
CIVI D --0.11%
CE D --0.11%
FYBR C --0.11%
KIM B --0.11%
LEG F --0.11%
COTY F --0.12%
ALIT F --0.13%
S D --0.13%
SPR B --0.13%
MAT F --0.14%
IRM A --0.14%
OMF D --0.14%
IOT D --0.14%
PZZA F --0.15%
COLD B --0.19%
FLR B --0.19%
SEDG F --0.21%
AL D --0.21%
LKQ D --0.23%
HAS D --0.24%
W D --0.24%
SAIA C --0.25%
LYFT F --0.25%
EQH A --0.26%
RIG F --0.26%
XRAY F --0.28%
SLB D --0.29%
TAP F --0.3%
AVTR F --0.3%
HUM C --0.3%
BALL D --0.31%
IPG F --0.32%
CCL C --0.34%
PLTR A --0.36%
CPAY C --0.38%
ZBH F --0.41%
VEEV F --0.48%
WHR C --0.49%
K D --0.49%
WBA F --0.5%
MMM B --0.59%
PEP D --0.66%
NOC F --0.68%
GD D --0.69%
WELL B --0.71%
ABT D --0.71%
LOW D --0.71%
STZ C --0.72%
LIN B --0.72%
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