CLSE vs. IWY ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to iShares Russell Top 200 Growth ETF (IWY)

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

IWY

iShares Russell Top 200 Growth ETF

IWY Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Growth Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization growth sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$228.53

Average Daily Volume

255,415

Number of Holdings ^*

104

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	IWY
30 Days	4.69%	3.21%
60 Days	6.81%	4.64%
90 Days	9.38%	6.06%
12 Months	39.93%	35.63%

35 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in IWY	Overlap
AAPL	C	0.83%	12.86%	0.83%
ABBV	D	0.72%	0.5%	0.5%
ABNB	C	-0.34%	0.23%	-0.34%
AMZN	C	2.53%	7.41%	2.53%
ANET	C	1.83%	0.38%	0.38%
APH	A	0.67%	0.19%	0.19%
APO	B	-0.35%	0.25%	-0.35%
AVGO	D	2.28%	2.95%	2.28%
BA	F	-0.4%	0.06%	-0.4%
BKNG	A	0.44%	0.63%	0.44%
CDNS	B	-0.46%	0.31%	-0.46%
DELL	C	-0.25%	0.02%	-0.25%
EL	F	-0.12%	0.02%	-0.12%
EQIX	A	-0.14%	0.02%	-0.14%
EW	C	-0.16%	0.03%	-0.16%
GE	D	-0.46%	0.16%	-0.46%
GOOG	C	0.49%	3.37%	0.49%
GOOGL	C	3.47%	3.99%	3.47%
HD	A	1.13%	1.27%	1.13%
LRCX	F	0.0%	0.36%	0.0%
META	D	3.3%	4.78%	3.3%
MNST	C	-0.28%	0.12%	-0.28%
NFLX	A	0.79%	1.39%	0.79%
NVDA	C	4.61%	13.07%	4.61%
ORCL	B	1.33%	1.13%	1.13%
PG	A	0.45%	0.35%	0.35%
PGR	A	0.46%	0.5%	0.46%
PSA	D	-0.23%	0.03%	-0.23%
QCOM	F	1.73%	0.66%	0.66%
SNPS	B	-0.44%	0.31%	-0.44%
TEAM	A	-0.27%	0.15%	-0.27%
TSLA	B	1.22%	3.51%	1.22%
TXN	C	-0.81%	0.09%	-0.81%
UNP	C	0.47%	0.27%	0.27%
VRTX	F	0.23%	0.24%	0.23%

CLSE Overweight 302 Positions Relative to IWY

Symbol	Grade	Weight
APP	B	2.25%
MU	D	2.13%
HPE	B	1.92%
CVNA	B	1.85%
WMT	A	1.82%
IDCC	A	1.51%
GDDY	A	1.42%
CVLT	B	1.4%
DOCU	A	1.37%
PYPL	B	1.33%
ACIW	B	1.3%
JHG	A	1.21%
NTNX	A	1.16%
SYF	B	1.11%
BMY	B	1.11%
NTRS	A	1.08%
GILD	C	1.07%
SNEX	B	1.06%
PLTR	B	1.02%
NTAP	C	1.0%
LNG	B	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
GM	B	0.87%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
MLI	C	0.84%
CARG	C	0.83%
JNJ	D	0.83%
BAC	A	0.81%
PRIM	A	0.8%
MO	A	0.79%
THC	D	0.78%
FITB	A	0.78%
DVA	B	0.78%
IESC	B	0.77%
CPNG	D	0.77%
EME	C	0.75%
WFC	A	0.75%
CNX	A	0.74%
FTI	A	0.74%
UTHR	C	0.73%
PNC	B	0.72%
RF	A	0.72%
STRL	B	0.71%
ZION	B	0.71%
CMA	A	0.71%
NRG	B	0.71%
UHS	D	0.7%
TMUS	B	0.7%
CEIX	A	0.7%
GEN	B	0.68%
VRT	B	0.68%
UMBF	B	0.66%
ALSN	B	0.66%
MTZ	B	0.66%
AVT	C	0.66%
MWA	B	0.65%
BLK	C	0.65%
JPM	A	0.64%
CHRW	C	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	A	0.58%
AMG	B	0.58%
LDOS	C	0.55%
VST	B	0.55%
RGA	A	0.55%
GLW	B	0.52%
MET	A	0.52%
SLVM	B	0.5%
UI	A	0.49%
EXP	A	0.48%
CACI	D	0.48%
PNW	B	0.48%
AVA	A	0.47%
DUOL	A	0.45%
ALL	A	0.45%
LPX	B	0.43%
CTRE	D	0.42%
SCCO	F	0.41%
RMD	C	0.4%
JXN	C	0.39%
SR	A	0.38%
R	B	0.38%
SPG	B	0.37%
CNA	B	0.37%
CF	B	0.37%
GRMN	B	0.37%
OUT	A	0.36%
EQR	B	0.35%
CCL	B	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	B	0.31%
LAMR	D	0.31%
J	F	0.31%
MPWR	F	0.3%
CVS	D	0.29%
VLO	C	0.29%
T	A	0.29%
MDT	D	0.29%
IIPR	D	0.28%
APA	D	0.25%
NVR	D	0.24%
MATX	C	0.22%
NEM	D	0.22%
TOL	B	0.22%
EEFT	B	0.22%
FLR	B	0.21%
JLL	D	0.2%
MUSA	A	0.2%
ABM	B	0.19%
BAH	F	0.18%
KR	B	0.17%
NTRA	B	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
FOXA	B	0.14%
EXPD	D	0.14%
FN	D	0.13%
PRU	A	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CINF	A	0.12%
CDE	D	0.11%
ILMN	D	0.1%
AEIS	B	0.07%
INCY	C	0.07%
HQY	B	0.07%
QQQ	B	0.0%
LNTH	D	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%
AES	F	-0.08%
FLYW	C	-0.08%
GNTX	C	-0.09%
JBLU	F	-0.09%
NSC	B	-0.1%
MCW	B	-0.1%
ABG	B	-0.1%
ATO	A	-0.1%
ACVA	B	-0.11%
ENPH	F	-0.11%
CGON	F	-0.11%
RBA	A	-0.12%
FL	F	-0.12%
PCH	D	-0.12%
DLR	B	-0.13%
EXR	D	-0.13%
STLD	B	-0.13%
AVAV	D	-0.13%
ALIT	C	-0.13%
VMC	B	-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%
MKL	A	-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%
C	A	-0.19%
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%
KEY	B	-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%
MSCI	C	-0.27%
PTEN	C	-0.27%
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%
ZBRA	B	-0.34%
INSP	D	-0.34%
FCNCA	A	-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%
RBLX	C	-0.41%
DLTR	F	-0.41%
PINS	D	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	C	-0.43%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	C	-0.45%
MRNA	F	-0.47%
SMCI	F	-0.47%
RH	B	-0.47%
CFLT	B	-0.47%
CHTR	C	-0.48%
CSCO	B	-0.52%
FND	C	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	B	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
MCHP	D	-0.63%
DXCM	D	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
ROP	B	-0.7%
INTC	D	-0.93%
FSLR	F	-1.26%

CLSE Underweight 69 Positions Relative to IWY

Symbol	Grade	Weight
MSFT	F	-12.14%
LLY	F	-2.35%
V	A	-1.92%
MA	C	-1.7%
COST	B	-1.58%
CRM	B	-1.02%
MRK	F	-0.96%
ADBE	C	-0.88%
NOW	A	-0.82%
INTU	C	-0.74%
ISRG	A	-0.73%
PEP	F	-0.68%
UBER	D	-0.58%
AMD	F	-0.56%
KO	D	-0.54%
AMAT	F	-0.51%
BX	A	-0.5%
AMGN	D	-0.47%
PANW	C	-0.47%
ADP	B	-0.45%
AMT	D	-0.36%
SBUX	A	-0.34%
WM	A	-0.34%
KLAC	D	-0.33%
TJX	A	-0.32%
SHW	A	-0.32%
CMG	B	-0.31%
CRWD	B	-0.3%
MCO	B	-0.29%
CTAS	B	-0.28%
ZTS	D	-0.26%
ADSK	A	-0.25%
ORLY	B	-0.25%
AXP	A	-0.24%
WDAY	B	-0.22%
NKE	D	-0.22%
ECL	D	-0.21%
GS	A	-0.2%
DASH	A	-0.2%
FTNT	C	-0.19%
AZO	C	-0.19%
CPRT	A	-0.18%
SNOW	C	-0.16%
SYK	C	-0.16%
CL	D	-0.16%
UNH	C	-0.15%
MSI	B	-0.15%
FI	A	-0.15%
LULU	C	-0.15%
LMT	D	-0.14%
MCK	B	-0.13%
ITW	B	-0.12%
TT	A	-0.12%
KKR	A	-0.11%
CAT	B	-0.1%
HON	B	-0.09%
KMB	D	-0.07%
ELV	F	-0.06%
MMC	B	-0.06%
HCA	F	-0.06%
SCHW	B	-0.05%
MMM	D	-0.05%
MCD	D	-0.05%
TDG	D	-0.05%
MS	A	-0.04%
CEG	D	-0.04%
REGN	F	-0.03%
CI	F	-0.03%
MRVL	B	-0.02%