CLSE vs. LGH ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to HCM Defender 500 Index ETF (LGH)

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

63,329

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

LGH

HCM Defender 500 Index ETF

LGH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 500 Index (the HCM 500 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 index. The HCM 500 index seeks to outperform the Solactive US Large Cap Index using a proprietary methodology.

Grade (RS Rating)

Last Trade

$52.66

Average Daily Volume

23,282

Number of Holdings ^*

452

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	LGH
30 Days	4.36%	1.31%
60 Days	7.10%	5.09%
90 Days	9.99%	6.71%
12 Months	40.17%	36.06%

128 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in LGH	Overlap
AAPL	C	0.83%	6.46%	0.83%
ABBV	F	0.72%	0.44%	0.44%
ABNB	D	-0.34%	0.08%	-0.34%
AJG	B	-0.17%	0.09%	-0.17%
ALL	A	0.45%	0.07%	0.07%
AMZN	B	2.53%	3.73%	2.53%
ANET	C	1.83%	0.13%	0.13%
APD	A	-0.15%	0.09%	-0.15%
APH	B	0.67%	0.12%	0.12%
APO	A	-0.35%	0.09%	-0.35%
ATO	A	-0.1%	0.03%	-0.1%
AVGO	C	2.28%	1.43%	1.43%
AWK	C	-0.26%	0.04%	-0.26%
BA	D	-0.4%	0.11%	-0.4%
BAC	A	0.81%	0.46%	0.46%
BAH	D	0.18%	0.03%	0.03%
BKNG	A	0.44%	0.24%	0.24%
BMY	A	1.11%	0.18%	0.18%
C	B	-0.19%	0.18%	-0.19%
CAH	B	0.86%	0.04%	0.04%
CDNS	B	-0.46%	0.11%	-0.46%
CF	A	0.37%	0.02%	0.02%
CHTR	B	-0.48%	0.05%	-0.48%
CINF	A	0.12%	0.03%	0.03%
CNC	F	0.31%	0.05%	0.05%
COR	B	0.86%	0.06%	0.06%
CSCO	B	-0.52%	0.34%	-0.52%
CVS	F	0.29%	0.1%	0.1%
DELL	B	-0.25%	0.05%	-0.25%
DG	F	-0.4%	0.02%	-0.4%
DLR	A	-0.13%	0.08%	-0.13%
DLTR	F	-0.41%	0.02%	-0.41%
DXCM	C	-0.63%	0.04%	-0.63%
EL	F	-0.12%	0.02%	-0.12%
EQIX	A	-0.14%	0.11%	-0.14%
EQR	C	0.35%	0.04%	0.04%
EQT	A	-0.23%	0.02%	-0.23%
EW	C	-0.16%	0.06%	-0.16%
EXPD	D	0.14%	0.02%	0.02%
EXPE	B	0.61%	0.03%	0.03%
EXR	C	-0.13%	0.05%	-0.13%
FITB	B	0.78%	0.05%	0.05%
FSLR	F	-1.26%	0.03%	-1.26%
GDDY	A	1.42%	0.04%	0.04%
GE	D	-0.46%	0.27%	-0.46%
GEN	B	0.68%	0.02%	0.02%
GILD	C	1.07%	0.17%	0.17%
GLW	B	0.52%	0.05%	0.05%
GM	B	0.87%	0.12%	0.12%
GOOG	B	0.49%	1.72%	0.49%
GOOGL	B	3.47%	1.98%	1.98%
GRMN	B	0.37%	0.05%	0.05%
HD	A	1.13%	0.58%	0.58%
HPE	B	1.92%	0.04%	0.04%
HSY	F	-0.24%	0.04%	-0.24%
ILMN	C	0.1%	0.04%	0.04%
INTC	C	-0.93%	0.14%	-0.93%
J	D	0.31%	0.02%	0.02%
JNJ	D	0.83%	0.62%	0.62%
JPM	A	0.64%	1.28%	0.64%
KEY	B	-0.25%	0.02%	-0.25%
KR	B	0.17%	0.07%	0.07%
LDOS	C	0.55%	0.04%	0.04%
LNG	A	0.97%	0.07%	0.07%
LPLA	A	-0.34%	0.03%	-0.34%
LRCX	F	0.0%	0.13%	0.0%
MCHP	F	-0.63%	0.05%	-0.63%
MDB	C	-0.29%	0.03%	-0.29%
MDT	D	0.29%	0.17%	0.17%
MET	A	0.52%	0.08%	0.08%
META	C	3.3%	2.45%	2.45%
MKL	A	-0.14%	0.03%	-0.14%
MLM	B	-0.13%	0.05%	-0.13%
MNST	C	-0.28%	0.04%	-0.28%
MO	A	0.79%	0.14%	0.14%
MPWR	F	0.3%	0.04%	0.04%
MRNA	F	-0.47%	0.02%	-0.47%
MSCI	B	-0.27%	0.06%	-0.27%
MU	D	2.13%	0.15%	0.15%
NDAQ	A	-0.3%	0.04%	-0.3%
NEM	D	0.22%	0.05%	0.05%
NFLX	A	0.79%	0.48%	0.48%
NSC	B	-0.1%	0.08%	-0.1%
NTAP	C	1.0%	0.03%	0.03%
NTRS	A	1.08%	0.03%	0.03%
NVDA	A	4.61%	7.02%	4.61%
NVR	D	0.24%	0.03%	0.03%
ON	F	-0.39%	0.04%	-0.39%
ORCL	A	1.33%	0.41%	0.41%
PG	C	0.45%	0.57%	0.45%
PGR	B	0.46%	0.21%	0.21%
PINS	F	-0.41%	0.03%	-0.41%
PLTR	A	1.02%	0.15%	0.15%
PNC	B	0.72%	0.12%	0.12%
POOL	D	-0.61%	0.02%	-0.61%
PRU	B	0.13%	0.07%	0.07%
PSA	C	-0.23%	0.07%	-0.23%
PYPL	B	1.33%	0.13%	0.13%
QCOM	F	1.73%	0.25%	0.25%
RBLX	B	-0.41%	0.03%	-0.41%
RF	A	0.72%	0.04%	0.04%
RMD	C	0.4%	0.05%	0.05%
ROP	C	-0.7%	0.08%	-0.7%
SMCI	F	-0.47%	0.02%	-0.47%
SNPS	C	-0.44%	0.11%	-0.44%
SPG	A	0.37%	0.09%	0.09%
SRE	A	-0.2%	0.08%	-0.2%
STLD	B	-0.13%	0.03%	-0.13%
SYF	B	1.11%	0.03%	0.03%
T	A	0.29%	0.23%	0.23%
TEAM	A	-0.27%	0.06%	-0.27%
TMUS	B	0.7%	0.17%	0.17%
TSLA	A	1.22%	1.7%	1.22%
TSN	B	0.6%	0.03%	0.03%
TTWO	A	-0.43%	0.04%	-0.43%
TXN	C	-0.81%	0.27%	-0.81%
UNP	D	0.47%	0.2%	0.2%
VLO	C	0.29%	0.07%	0.07%
VMC	B	-0.13%	0.06%	-0.13%
VRT	A	0.68%	0.08%	0.08%
VRTX	D	0.23%	0.18%	0.18%
WBD	B	-0.43%	0.03%	-0.43%
WDC	F	-0.65%	0.03%	-0.65%
WFC	A	0.75%	0.37%	0.37%
WMT	A	1.82%	0.5%	0.5%
WST	D	-0.59%	0.03%	-0.59%
XYL	D	-0.23%	0.04%	-0.23%
ZBRA	B	-0.34%	0.03%	-0.34%

CLSE Overweight 209 Positions Relative to LGH

Symbol	Grade	Weight
APP	A	2.25%
CVNA	A	1.85%
IDCC	B	1.51%
CVLT	B	1.4%
DOCU	B	1.37%
ACIW	B	1.3%
JHG	B	1.21%
NTNX	B	1.16%
SNEX	B	1.06%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
PPC	B	0.85%
GVA	A	0.84%
MLI	B	0.84%
CARG	B	0.83%
PRIM	A	0.8%
THC	C	0.78%
DVA	C	0.78%
IESC	A	0.77%
CPNG	D	0.77%
EME	A	0.75%
CNX	A	0.74%
FTI	A	0.74%
UTHR	C	0.73%
STRL	A	0.71%
ZION	B	0.71%
CMA	B	0.71%
NRG	B	0.71%
UHS	D	0.7%
CEIX	A	0.7%
UMBF	B	0.66%
ALSN	B	0.66%
MTZ	A	0.66%
AVT	C	0.66%
MWA	B	0.65%
BLK	B	0.65%
CHRW	B	0.61%
FFIV	B	0.6%
FTDR	B	0.58%
AMG	C	0.58%
VST	A	0.55%
RGA	B	0.55%
SLVM	C	0.5%
UI	A	0.49%
EXP	B	0.48%
CACI	C	0.48%
PNW	B	0.48%
AVA	C	0.47%
DUOL	A	0.45%
LPX	B	0.43%
CTRE	C	0.42%
SCCO	F	0.41%
JXN	C	0.39%
SR	A	0.38%
R	B	0.38%
CNA	C	0.37%
OUT	A	0.36%
CCL	A	0.35%
CDP	C	0.34%
RGLD	C	0.32%
PTON	C	0.31%
LAMR	D	0.31%
IIPR	F	0.28%
APA	F	0.25%
MATX	B	0.22%
TOL	B	0.22%
EEFT	C	0.22%
FLR	B	0.21%
JLL	D	0.2%
MUSA	B	0.2%
ABM	B	0.19%
NTRA	A	0.17%
BOX	B	0.17%
JAZZ	C	0.16%
FOXA	B	0.14%
FN	B	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CDE	C	0.11%
AEIS	B	0.07%
INCY	C	0.07%
HQY	A	0.07%
QQQ	B	0.0%
LNTH	F	0.0%
PENN	C	-0.05%
KNX	B	-0.06%
HGV	C	-0.06%
HUN	F	-0.07%
EXAS	D	-0.07%
RYN	D	-0.07%
COOP	B	-0.07%
CCS	F	-0.07%
BC	D	-0.08%
JOE	F	-0.08%
AES	F	-0.08%
FLYW	B	-0.08%
GNTX	F	-0.09%
JBLU	F	-0.09%
MCW	C	-0.1%
ABG	B	-0.1%
ACVA	A	-0.11%
ENPH	F	-0.11%
CGON	F	-0.11%
RBA	A	-0.12%
FL	F	-0.12%
PCH	D	-0.12%
AVAV	C	-0.13%
ALIT	C	-0.13%
BPOP	C	-0.14%
PYCR	C	-0.14%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	D	-0.14%
AA	A	-0.14%
CZR	F	-0.15%
COLD	F	-0.15%
GTLS	A	-0.15%
CRL	D	-0.15%
RNR	C	-0.15%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
BHF	C	-0.16%
XPO	B	-0.16%
OSK	C	-0.16%
LGIH	F	-0.16%
DAR	B	-0.16%
ALB	B	-0.16%
UHAL	D	-0.16%
AGO	A	-0.16%
SITE	D	-0.16%
SW	A	-0.17%
TEX	D	-0.17%
TREX	D	-0.17%
MDGL	C	-0.17%
LKQ	F	-0.17%
MASI	B	-0.17%
KRG	A	-0.17%
ENOV	C	-0.18%
CHDN	C	-0.18%
UEC	A	-0.18%
EBC	B	-0.18%
AGCO	F	-0.18%
COTY	F	-0.18%
AL	B	-0.18%
CNH	C	-0.18%
BRKR	F	-0.18%
WAL	B	-0.19%
AIR	B	-0.19%
KNSL	B	-0.2%
GATX	B	-0.2%
BIRK	D	-0.2%
BE	A	-0.21%
AESI	B	-0.21%
NOG	B	-0.21%
WTM	A	-0.21%
PRCT	B	-0.22%
BANC	B	-0.22%
MTN	C	-0.22%
SAIA	C	-0.22%
SUM	B	-0.22%
WTRG	B	-0.24%
ELF	C	-0.24%
IONS	F	-0.24%
GPOR	A	-0.24%
CELH	F	-0.24%
LW	C	-0.25%
BILL	B	-0.26%
NEOG	D	-0.26%
AUR	C	-0.26%
VAL	F	-0.27%
FOUR	A	-0.27%
STNE	F	-0.27%
PTEN	C	-0.27%
SOFI	A	-0.28%
ESTC	C	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
CYTK	D	-0.3%
LYV	A	-0.3%
APLS	F	-0.3%
APTV	F	-0.32%
GTLB	B	-0.32%
VVV	D	-0.33%
CCOI	B	-0.33%
INSP	F	-0.34%
FCNCA	A	-0.35%
AFRM	A	-0.35%
CACC	F	-0.36%
COHR	B	-0.36%
BBIO	F	-0.36%
ZI	D	-0.36%
BEN	C	-0.36%
SATS	C	-0.4%
U	F	-0.41%
RIVN	F	-0.42%
ALGM	F	-0.45%
DV	C	-0.45%
CGNX	D	-0.45%
RH	D	-0.47%
CFLT	B	-0.47%
FND	F	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	A	-0.57%
LITE	B	-0.6%
LSCC	D	-0.7%

CLSE Underweight 324 Positions Relative to LGH

Symbol	Grade	Weight
SPXL	B	-18.6%
MSFT	D	-6.13%
LLY	F	-1.29%
BRK.A	B	-1.15%
UNH	C	-1.04%
XOM	B	-0.99%
V	A	-0.93%
MA	B	-0.74%
COST	A	-0.59%
CRM	B	-0.44%
CVX	A	-0.38%
MRK	F	-0.36%
KO	D	-0.35%
ACN	C	-0.34%
AMD	F	-0.33%
ADBE	D	-0.33%
PEP	F	-0.32%
LIN	D	-0.31%
MCD	D	-0.31%
TMO	F	-0.3%
NOW	B	-0.29%
ABT	A	-0.29%
GS	B	-0.28%
PM	A	-0.28%
ISRG	A	-0.27%
CAT	C	-0.27%
IBM	C	-0.27%
INTU	B	-0.26%
CMCSA	B	-0.26%
DIS	B	-0.25%
RTX	D	-0.25%
VZ	C	-0.24%
MS	A	-0.24%
AMGN	D	-0.23%
DHR	D	-0.23%
AXP	B	-0.23%
HON	B	-0.22%
SPGI	D	-0.22%
NEE	C	-0.22%
PFE	F	-0.22%
LOW	C	-0.22%
AMAT	F	-0.21%
ETN	B	-0.2%
LMT	D	-0.2%
COP	B	-0.19%
TJX	A	-0.19%
UBER	F	-0.19%
ADP	B	-0.18%
SYK	A	-0.18%
BX	A	-0.18%
BSX	A	-0.18%
FI	A	-0.18%
SBUX	A	-0.16%
CB	C	-0.16%
PANW	B	-0.16%
MMC	D	-0.15%
SCHW	A	-0.15%
PLD	D	-0.15%
ADI	D	-0.15%
ELV	F	-0.14%
UPS	C	-0.14%
DE	C	-0.14%
CI	D	-0.14%
TT	A	-0.13%
MDLZ	F	-0.13%
WM	B	-0.13%
AMT	D	-0.13%
SO	C	-0.13%
KKR	A	-0.13%
NKE	F	-0.13%
GEV	A	-0.12%
ICE	C	-0.12%
REGN	F	-0.12%
MCK	A	-0.12%
KLAC	F	-0.12%
DUK	C	-0.12%
SHW	C	-0.12%
PH	B	-0.12%
HCA	F	-0.11%
MRVL	B	-0.11%
CME	A	-0.11%
CRWD	B	-0.11%
CL	D	-0.11%
NOC	D	-0.11%
MSI	B	-0.11%
ITW	B	-0.11%
ZTS	D	-0.11%
CMG	C	-0.1%
MMM	D	-0.1%
GD	D	-0.1%
CSX	C	-0.1%
WELL	A	-0.1%
TTD	B	-0.1%
COF	B	-0.1%
MAR	B	-0.1%
TGT	B	-0.1%
WMB	A	-0.1%
BDX	F	-0.1%
EMR	A	-0.1%
ORLY	B	-0.1%
AON	B	-0.1%
CEG	C	-0.1%
MCO	D	-0.1%
USB	B	-0.1%
CTAS	B	-0.1%
EOG	A	-0.1%
HLT	A	-0.09%
SLB	C	-0.09%
ECL	D	-0.09%
TFC	A	-0.09%
FDX	B	-0.09%
MPC	D	-0.09%
FCX	F	-0.09%
ADSK	B	-0.09%
CARR	D	-0.09%
OKE	A	-0.09%
COIN	A	-0.09%
FTNT	B	-0.09%
URI	B	-0.08%
PSX	C	-0.08%
AMP	A	-0.08%
KMI	A	-0.08%
TDG	D	-0.08%
JCI	B	-0.08%
PCAR	C	-0.08%
BK	B	-0.08%
TRV	A	-0.08%
AFL	C	-0.08%
CPRT	B	-0.07%
AEP	C	-0.07%
FAST	B	-0.07%
CMI	A	-0.07%
RCL	A	-0.07%
LHX	B	-0.07%
PCG	A	-0.07%
FICO	B	-0.07%
FIS	C	-0.07%
D	C	-0.07%
DASH	A	-0.07%
SQ	A	-0.07%
AZO	C	-0.07%
WDAY	C	-0.07%
DHI	D	-0.07%
AIG	C	-0.07%
NUE	D	-0.06%
RSG	A	-0.06%
XEL	A	-0.06%
SYY	D	-0.06%
LEN	D	-0.06%
VRSK	B	-0.06%
PEG	C	-0.06%
VEEV	C	-0.06%
DFS	B	-0.06%
EA	A	-0.06%
OTIS	C	-0.06%
CCI	C	-0.06%
KVUE	A	-0.06%
CTSH	C	-0.06%
KMB	C	-0.06%
A	F	-0.06%
GWW	B	-0.06%
BKR	B	-0.06%
ODFL	B	-0.06%
AME	A	-0.06%
PAYX	B	-0.06%
F	C	-0.06%
CBRE	B	-0.06%
TRGP	A	-0.06%
CTVA	C	-0.06%
ROST	D	-0.06%
HWM	A	-0.06%
PWR	A	-0.06%
TPL	A	-0.05%
VICI	C	-0.05%
OXY	F	-0.05%
ALNY	D	-0.05%
HPQ	B	-0.05%
AVB	B	-0.05%
IDXX	F	-0.05%
WAB	B	-0.05%
ACGL	D	-0.05%
SNOW	C	-0.05%
DDOG	A	-0.05%
DD	D	-0.05%
HUM	D	-0.05%
MTB	A	-0.05%
EFX	F	-0.05%
YUM	D	-0.05%
DAL	A	-0.05%
IR	B	-0.05%
IQV	F	-0.05%
EXC	C	-0.05%
IT	C	-0.05%
GIS	F	-0.05%
O	C	-0.05%
STZ	D	-0.05%
HES	B	-0.05%
AXON	A	-0.05%
HIG	B	-0.05%
CSL	C	-0.04%
BR	B	-0.04%
WY	D	-0.04%
TROW	B	-0.04%
HBAN	B	-0.04%
BIIB	F	-0.04%
PPL	A	-0.04%
KEYS	C	-0.04%
MTD	F	-0.04%
CDW	F	-0.04%
HAL	C	-0.04%
FANG	D	-0.04%
TSCO	D	-0.04%
PPG	F	-0.04%
ADM	D	-0.04%
STT	B	-0.04%
FTV	D	-0.04%
CSGP	F	-0.04%
IRM	C	-0.04%
NET	B	-0.04%
ANSS	B	-0.04%
WEC	A	-0.04%
VTR	B	-0.04%
ETR	A	-0.04%
DOV	B	-0.04%
GEHC	D	-0.04%
HUBS	B	-0.04%
EBAY	D	-0.04%
PHM	D	-0.04%
DOW	F	-0.04%
WTW	B	-0.04%
KDP	D	-0.04%
ROK	B	-0.04%
GPN	C	-0.04%
RJF	A	-0.04%
ED	C	-0.04%
EIX	C	-0.04%
CMS	C	-0.03%
DGX	A	-0.03%
ULTA	F	-0.03%
LNT	A	-0.03%
CLX	A	-0.03%
CFG	B	-0.03%
TER	F	-0.03%
CTRA	B	-0.03%
BALL	D	-0.03%
PFG	C	-0.03%
MAA	A	-0.03%
TRU	D	-0.03%
WRB	B	-0.03%
STX	D	-0.03%
OMC	C	-0.03%
BAX	F	-0.03%
ESS	A	-0.03%
MAS	D	-0.03%
ZM	B	-0.03%
LUV	B	-0.03%
BBY	D	-0.03%
ZBH	C	-0.03%
INVH	D	-0.03%
TYL	B	-0.03%
STE	D	-0.03%
VLTO	C	-0.03%
DRI	C	-0.03%
HUBB	B	-0.03%
DECK	A	-0.03%
LYB	F	-0.03%
ES	C	-0.03%
CBOE	C	-0.03%
WAT	C	-0.03%
PKG	B	-0.03%
BRO	B	-0.03%
K	B	-0.03%
FE	C	-0.03%
LH	B	-0.03%
UAL	A	-0.03%
CPAY	A	-0.03%
AEE	A	-0.03%
CHD	A	-0.03%
TDY	B	-0.03%
ARES	A	-0.03%
DTE	C	-0.03%
KHC	F	-0.03%
SBAC	D	-0.03%
PTC	B	-0.03%
IFF	D	-0.03%
DVN	F	-0.03%
JKHY	D	-0.02%
BMRN	F	-0.02%
AVTR	F	-0.02%
AKAM	F	-0.02%
BG	D	-0.02%
EVRG	A	-0.02%
RPM	B	-0.02%
KIM	A	-0.02%
VTRS	A	-0.02%
SSNC	C	-0.02%
RVTY	D	-0.02%
SWKS	F	-0.02%
CAG	F	-0.02%
SWK	F	-0.02%
LVS	B	-0.02%
JBL	C	-0.02%
FDS	B	-0.02%
SUI	C	-0.02%
JBHT	C	-0.02%
ALGN	D	-0.02%
HOLX	D	-0.02%
ENTG	F	-0.02%
CNP	A	-0.02%
ARE	F	-0.02%
DPZ	C	-0.02%
MRO	A	-0.02%
AVY	D	-0.02%
TXT	D	-0.02%
IEX	B	-0.02%
IP	A	-0.02%
PODD	B	-0.02%
TRMB	B	-0.02%
VRSN	F	-0.02%
MKC	D	-0.02%
MOH	F	-0.02%
GPC	F	-0.02%
RS	B	-0.02%
WPC	C	-0.01%