CLSE vs. FXO ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to First Trust Financials AlphaDEX (FXO)

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

$23.88

Average Daily Volume

61,080

Number of Holdings ^*

335

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO 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 StrataQuant(R) Financials 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 NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector 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

$56.00

Average Daily Volume

48,823

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	FXO
30 Days	5.29%	8.53%
60 Days	13.88%	13.27%
90 Days	14.37%	17.95%
12 Months	44.06%	54.08%

29 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in FXO	Overlap
AGO	B	-0.08%	1.72%	-0.08%
AJG	C	-0.18%	0.31%	-0.18%
ALL	B	0.42%	1.59%	0.42%
AMG	C	1.0%	1.76%	1.0%
APO	B	-0.34%	0.35%	-0.34%
BAC	B	0.77%	0.65%	0.65%
BEN	C	-0.33%	1.65%	-0.33%
C	B	-0.21%	0.98%	-0.21%
CINF	B	-0.2%	1.68%	-0.2%
CNA	D	0.48%	1.2%	0.48%
COLB	B	-0.22%	1.36%	-0.22%
FCNCA	B	-0.23%	1.03%	-0.23%
FITB	B	0.75%	0.62%	0.62%
JHG	A	1.14%	1.72%	1.14%
JPM	B	0.62%	0.65%	0.62%
MKL	B	-0.14%	1.21%	-0.14%
NTRS	B	1.08%	1.08%	1.08%
PGR	B	0.45%	1.53%	0.45%
PNC	A	0.54%	0.62%	0.54%
PNFP	B	-0.22%	0.33%	-0.22%
RF	B	0.66%	0.63%	0.63%
RGA	B	0.54%	0.3%	0.3%
RNR	B	-0.17%	1.56%	-0.17%
SEIC	B	0.89%	1.34%	0.89%
SOFI	A	-0.25%	0.87%	-0.25%
WAL	B	-0.19%	0.59%	-0.19%
WBS	B	-0.14%	1.37%	-0.14%
WFC	B	0.7%	1.11%	0.7%
WTM	B	-0.22%	1.71%	-0.22%

CLSE Overweight 306 Positions Relative to FXO

Symbol	Grade	Weight
NVDA	B	4.35%
META	B	3.51%
GOOGL	B	3.28%
AVGO	B	2.45%
MU	C	2.4%
AMZN	B	2.27%
ANET	C	2.0%
HPE	B	1.9%
QCOM	C	1.84%
APP	B	1.82%
WMT	A	1.82%
CVLT	A	1.75%
CVNA	B	1.67%
NTAP	C	1.63%
AAPL	B	1.42%
ORCL	A	1.37%
GDDY	A	1.34%
IDCC	A	1.33%
BMY	C	1.31%
ACIW	B	1.3%
IBM	D	1.21%
YOU	D	1.17%
T	B	1.15%
PYPL	A	1.13%
HD	B	1.13%
DOCU	A	1.12%
ABBV	B	1.1%
NTNX	B	1.08%
SNEX	B	1.05%
GILD	B	1.0%
SYF	B	1.0%
ALNY	B	0.94%
JNJ	D	0.91%
CARG	B	0.9%
AMRX	C	0.89%
HALO	C	0.87%
PPC	B	0.84%
APH	B	0.82%
BFH	B	0.82%
MLI	B	0.81%
MPWR	F	0.79%
AVT	B	0.79%
MO	B	0.78%
THC	B	0.78%
UHS	D	0.75%
DVA	D	0.74%
COR	B	0.73%
NRG	B	0.72%
LNG	A	0.72%
PG	D	0.7%
GVA	A	0.7%
EME	B	0.67%
PRIM	A	0.67%
CAH	B	0.65%
IESC	A	0.65%
TSLA	B	0.64%
XOM	B	0.64%
CEIX	B	0.64%
ALSN	A	0.63%
FLR	C	0.63%
MWA	A	0.62%
UMBF	B	0.62%
CHRW	B	0.62%
LDOS	A	0.61%
JXN	B	0.61%
UNP	D	0.61%
STRL	A	0.6%
CCL	B	0.6%
EXP	B	0.59%
CVS	F	0.59%
CACI	B	0.58%
MTZ	A	0.58%
TSN	D	0.57%
CPNG	C	0.57%
EXPE	B	0.56%
AVA	D	0.56%
FTDR	A	0.56%
NFLX	A	0.56%
PM	C	0.55%
MET	C	0.55%
GM	B	0.55%
VRT	A	0.55%
SLVM	A	0.53%
IIPR	F	0.5%
FTI	B	0.5%
GOOG	B	0.5%
PATK	D	0.49%
RGLD	B	0.49%
PNW	B	0.48%
MDT	C	0.48%
SCCO	D	0.47%
VLO	D	0.47%
CTRE	C	0.47%
MPC	F	0.41%
SO	D	0.39%
LPX	B	0.39%
BKNG	B	0.37%
OUT	C	0.37%
SPG	A	0.37%
MUSA	C	0.36%
EQR	D	0.36%
NEM	D	0.35%
J	C	0.35%
R	A	0.35%
CNC	F	0.34%
LAMR	C	0.34%
TOL	B	0.34%
VST	B	0.33%
UI	B	0.33%
JLL	C	0.31%
GLW	B	0.31%
PLTR	A	0.28%
IBP	F	0.28%
ATGE	B	0.27%
NVR	D	0.26%
PTON	A	0.25%
ANF	C	0.24%
OGN	F	0.23%
NEE	D	0.22%
EEFT	C	0.22%
FI	B	0.21%
MRK	F	0.2%
ABM	B	0.19%
MATX	B	0.18%
BCO	D	0.17%
NTRA	A	0.16%
NSA	D	0.16%
ACT	D	0.16%
KR	A	0.16%
FMC	D	0.14%
FFIV	B	0.13%
OSCR	F	0.13%
VCYT	B	0.12%
KMB	D	0.11%
ILMN	B	0.1%
LNTH	D	0.06%
QQQ	A	0.0%
LRCX	D	0.0%
CAR	D	-0.05%
HGV	C	-0.06%
FLYW	C	-0.07%
VAC	B	-0.07%
NXST	C	-0.08%
RYN	D	-0.08%
SJM	D	-0.09%
HUN	F	-0.09%
MCW	B	-0.09%
COIN	B	-0.09%
TMHC	A	-0.09%
HHH	B	-0.09%
TROX	F	-0.1%
WOLF	F	-0.1%
ABG	B	-0.1%
HBI	B	-0.1%
THO	C	-0.1%
NARI	C	-0.11%
KLIC	C	-0.11%
AVAV	B	-0.11%
APD	B	-0.11%
ACVA	C	-0.11%
PCH	F	-0.11%
PENN	C	-0.11%
SBUX	B	-0.11%
MASI	B	-0.12%
TXG	F	-0.12%
NTLA	F	-0.12%
VMC	B	-0.12%
CHDN	B	-0.12%
VNO	A	-0.13%
ALIT	D	-0.13%
EQIX	B	-0.13%
JBLU	C	-0.14%
FDS	B	-0.14%
BIO	B	-0.14%
BEAM	C	-0.14%
DAY	A	-0.14%
PYCR	C	-0.14%
DRVN	B	-0.14%
AES	F	-0.15%
OKE	A	-0.15%
AA	B	-0.15%
EXR	D	-0.15%
ALB	C	-0.16%
LGIH	D	-0.16%
CC	C	-0.16%
KNSL	D	-0.17%
MTN	D	-0.17%
AIR	C	-0.18%
LKQ	F	-0.18%
CZR	D	-0.18%
ALGM	F	-0.18%
BIRK	F	-0.18%
EL	F	-0.18%
EW	F	-0.18%
BE	C	-0.18%
KRG	B	-0.18%
PRCT	A	-0.19%
UHAL	B	-0.19%
GTLS	B	-0.19%
TEX	C	-0.19%
ENOV	C	-0.19%
COTY	F	-0.19%
KROS	B	-0.19%
CNH	D	-0.19%
GATX	B	-0.2%
TFC	B	-0.2%
OSK	B	-0.2%
AGCO	D	-0.2%
COLD	F	-0.2%
TTD	B	-0.2%
XYL	F	-0.2%
CGON	C	-0.2%
XPO	B	-0.21%
TREX	C	-0.21%
UEC	B	-0.21%
BRKR	F	-0.21%
SRE	A	-0.21%
RBA	B	-0.22%
SAIA	C	-0.22%
EXAS	F	-0.22%
ATO	A	-0.22%
AEIS	B	-0.23%
AESI	D	-0.23%
SITE	C	-0.24%
AL	B	-0.24%
SUM	B	-0.24%
ESTC	C	-0.24%
WTRG	B	-0.24%
ELF	D	-0.24%
GPOR	C	-0.24%
ARWR	C	-0.24%
BANC	B	-0.24%
VAL	F	-0.25%
GT	C	-0.25%
ROIV	C	-0.25%
AWK	D	-0.26%
HSY	F	-0.26%
LYV	B	-0.26%
SW	B	-0.26%
PSA	D	-0.26%
MARA	C	-0.27%
FOUR	B	-0.27%
LW	C	-0.27%
ENPH	F	-0.27%
EVTC	C	-0.28%
RIOT	C	-0.28%
PTEN	D	-0.28%
MSCI	B	-0.28%
MNST	B	-0.29%
EQT	B	-0.29%
NEOG	C	-0.29%
ABNB	D	-0.3%
CELH	F	-0.3%
MDB	C	-0.31%
INSP	D	-0.31%
GTLB	C	-0.31%
APLS	F	-0.31%
COHR	B	-0.32%
NDAQ	B	-0.32%
AFRM	B	-0.33%
PINS	D	-0.34%
AUR	C	-0.35%
BILL	B	-0.35%
VVV	B	-0.35%
WBD	C	-0.36%
MKTX	C	-0.36%
CCOI	B	-0.37%
ZBRA	B	-0.37%
BBIO	D	-0.38%
LPLA	A	-0.38%
CACC	F	-0.38%
RIVN	F	-0.39%
ON	D	-0.4%
PATH	D	-0.41%
DLTR	F	-0.42%
SMCI	F	-0.43%
CYTK	D	-0.43%
BA	F	-0.44%
DG	F	-0.44%
MCHP	F	-0.45%
MRNA	F	-0.46%
DV	D	-0.47%
LBRDK	B	-0.47%
TTWO	B	-0.49%
CGNX	C	-0.49%
RBLX	B	-0.49%
U	D	-0.5%
GE	C	-0.5%
SATS	C	-0.51%
FIVN	D	-0.51%
ZI	C	-0.52%
RH	B	-0.52%
DXCM	D	-0.53%
CFLT	C	-0.53%
BRZE	D	-0.54%
ADBE	F	-0.54%
POOL	B	-0.55%
DELL	C	-0.55%
FND	F	-0.56%
FIVE	F	-0.58%
WDC	C	-0.71%
LITE	B	-0.75%
LSCC	C	-0.87%
TXN	A	-0.9%
GFS	C	-0.91%
INTC	C	-1.01%

CLSE Underweight 72 Positions Relative to FXO

Symbol	Grade	Weight
TPG	B	-1.89%
KKR	B	-1.71%
GS	B	-1.69%
JEF	B	-1.67%
TROW	B	-1.64%
MTG	D	-1.58%
EG	D	-1.55%
ACGL	D	-1.5%
BPOP	D	-1.44%
BX	A	-1.36%
OMF	A	-1.34%
EQH	B	-1.33%
UNM	B	-1.31%
LNC	B	-1.29%
OZK	B	-1.26%
RYAN	B	-1.26%
FNB	B	-1.26%
TW	B	-1.26%
HLI	B	-1.26%
UWMC	F	-1.24%
GL	C	-1.23%
ALLY	C	-1.23%
AXS	A	-1.23%
L	A	-1.23%
BRK.A	C	-1.2%
EWBC	B	-1.14%
NU	B	-1.1%
FHN	B	-1.08%
MS	B	-1.08%
ZION	B	-1.07%
MTB	B	-1.06%
CRBG	C	-1.05%
WTFC	B	-1.04%
HBAN	B	-1.02%
STT	B	-1.0%
BRO	B	-0.98%
CB	D	-0.94%
AFL	D	-0.94%
SLM	B	-0.94%
HIG	C	-0.92%
MCO	C	-0.92%
OWL	B	-0.72%
FHB	B	-0.66%
AMP	B	-0.66%
USB	B	-0.65%
TRV	B	-0.65%
CMA	B	-0.65%
BK	B	-0.64%
BOKF	B	-0.63%
CFG	B	-0.63%
VOYA	B	-0.62%
WRB	B	-0.62%
VIRT	A	-0.62%
PB	B	-0.62%
ORI	B	-0.6%
RJF	B	-0.37%
CFR	B	-0.35%
SF	B	-0.34%
DFS	B	-0.33%
KEY	B	-0.32%
PRU	C	-0.32%
AIG	C	-0.32%
CBSH	A	-0.32%
MORN	A	-0.31%
FAF	D	-0.3%
AIZ	A	-0.3%
FNF	C	-0.3%
PFG	C	-0.3%
STWD	D	-0.3%
XP	F	-0.3%
AFG	B	-0.29%
AGNC	D	-0.28%