CLSE vs. NXTI ETF Comparison
Comparison of Convergence Long/Short Equity ETF (CLSE) to Simplify Next Intangible Core Index ETF (NXTI)
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
NXTI
Simplify Next Intangible Core Index ETF
NXTI Description
NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.Grade (RS Rating)
Last Trade
$30.42
Average Daily Volume
460
Number of Holdings
*
197
* may have additional holdings in another (foreign) market
Performance
| Period | CLSE | NXTI |
|---|---|---|
| 30 Days | 4.69% | 5.73% |
| 60 Days | 6.81% | 7.47% |
| 90 Days | 9.38% | 10.93% |
| 12 Months | 39.93% |
54 Overlapping Holdings
| Symbol | Grade | Weight in CLSE | Weight in NXTI | Overlap | |
|---|---|---|---|---|---|
| ABNB | C | -0.34% | 0.58% | -0.34% | |
| AJG | B | -0.17% | 0.25% | -0.17% | |
| ALL | A | 0.45% | 0.19% | 0.19% | |
| APLS | D | -0.3% | 0.12% | -0.3% | |
| APP | B | 2.25% | 0.54% | 0.54% | |
| APTV | D | -0.32% | 0.1% | -0.32% | |
| BAH | F | 0.18% | 0.15% | 0.15% | |
| BBIO | F | -0.36% | 0.18% | -0.36% | |
| BKNG | A | 0.44% | 0.88% | 0.44% | |
| CACI | D | 0.48% | 0.16% | 0.16% | |
| CDNS | B | -0.46% | 0.87% | -0.46% | |
| CNC | D | 0.31% | 0.13% | 0.13% | |
| CSCO | B | -0.52% | 2.73% | -0.52% | |
| CVNA | B | 1.85% | 0.19% | 0.19% | |
| CVS | D | 0.29% | 0.29% | 0.29% | |
| CYTK | F | -0.3% | 0.2% | -0.3% | |
| DELL | C | -0.25% | 1.03% | -0.25% | |
| DOCU | A | 1.37% | 0.18% | 0.18% | |
| DUOL | A | 0.45% | 0.14% | 0.14% | |
| EL | F | -0.12% | 0.18% | -0.12% | |
| EXPD | D | 0.14% | 0.12% | 0.12% | |
| EXPE | B | 0.61% | 0.14% | 0.14% | |
| FFIV | B | 0.6% | 0.17% | 0.17% | |
| GDDY | A | 1.42% | 0.31% | 0.31% | |
| GTLB | B | -0.32% | 0.11% | -0.32% | |
| HD | A | 1.13% | 1.6% | 1.13% | |
| HSY | F | -0.24% | 0.15% | -0.24% | |
| ILMN | D | 0.1% | 0.15% | 0.1% | |
| INCY | C | 0.07% | 0.46% | 0.07% | |
| INSP | D | -0.34% | 0.19% | -0.34% | |
| IONS | F | -0.24% | 0.22% | -0.24% | |
| KR | B | 0.17% | 0.37% | 0.17% | |
| LRCX | F | 0.0% | 0.53% | 0.0% | |
| LYV | A | -0.3% | 0.15% | -0.3% | |
| MDB | C | -0.29% | 0.24% | -0.29% | |
| MDGL | B | -0.17% | 0.2% | -0.17% | |
| META | D | 3.3% | 5.28% | 3.3% | |
| MNST | C | -0.28% | 0.22% | -0.28% | |
| NRG | B | 0.71% | 0.17% | 0.17% | |
| NTAP | C | 1.0% | 0.29% | 0.29% | |
| NTNX | A | 1.16% | 0.21% | 0.21% | |
| NTRA | B | 0.17% | 0.45% | 0.17% | |
| NWS | B | -0.57% | 0.22% | -0.57% | |
| PGR | A | 0.46% | 0.56% | 0.46% | |
| PINS | D | -0.41% | 0.29% | -0.41% | |
| PLTR | B | 1.02% | 0.99% | 0.99% | |
| PRU | A | 0.13% | 0.18% | 0.13% | |
| SNPS | B | -0.44% | 0.95% | -0.44% | |
| TEAM | A | -0.27% | 0.61% | -0.27% | |
| VMC | B | -0.13% | 0.23% | -0.13% | |
| VST | B | 0.55% | 0.32% | 0.32% | |
| WMT | A | 1.82% | 5.09% | 1.82% | |
| XYL | D | -0.23% | 0.14% | -0.23% | |
| ZBRA | B | -0.34% | 0.23% | -0.34% |
CLSE Overweight 283 Positions Relative to NXTI
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | C | 4.61% | |
| GOOGL | C | 3.47% | |
| AMZN | C | 2.53% | |
| AVGO | D | 2.28% | |
| MU | D | 2.13% | |
| HPE | B | 1.92% | |
| ANET | C | 1.83% | |
| QCOM | F | 1.73% | |
| IDCC | A | 1.51% | |
| CVLT | B | 1.4% | |
| PYPL | B | 1.33% | |
| ORCL | B | 1.33% | |
| ACIW | B | 1.3% | |
| TSLA | B | 1.22% | |
| JHG | A | 1.21% | |
| SYF | B | 1.11% | |
| BMY | B | 1.11% | |
| NTRS | A | 1.08% | |
| GILD | C | 1.07% | |
| SNEX | B | 1.06% | |
| 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% | |
| AAPL | C | 0.83% | |
| JNJ | D | 0.83% | |
| BAC | A | 0.81% | |
| PRIM | A | 0.8% | |
| MO | A | 0.79% | |
| NFLX | 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% | |
| ABBV | D | 0.72% | |
| RF | A | 0.72% | |
| STRL | B | 0.71% | |
| ZION | B | 0.71% | |
| CMA | A | 0.71% | |
| UHS | D | 0.7% | |
| TMUS | B | 0.7% | |
| CEIX | A | 0.7% | |
| GEN | B | 0.68% | |
| VRT | B | 0.68% | |
| APH | A | 0.67% | |
| 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% | |
| TSN | B | 0.6% | |
| FTDR | A | 0.58% | |
| AMG | B | 0.58% | |
| LDOS | C | 0.55% | |
| RGA | A | 0.55% | |
| GLW | B | 0.52% | |
| MET | A | 0.52% | |
| SLVM | B | 0.5% | |
| GOOG | C | 0.49% | |
| UI | A | 0.49% | |
| EXP | A | 0.48% | |
| PNW | B | 0.48% | |
| AVA | A | 0.47% | |
| UNP | C | 0.47% | |
| PG | 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% | |
| PTON | B | 0.31% | |
| LAMR | D | 0.31% | |
| J | F | 0.31% | |
| MPWR | F | 0.3% | |
| VLO | C | 0.29% | |
| T | A | 0.29% | |
| MDT | D | 0.29% | |
| IIPR | D | 0.28% | |
| APA | D | 0.25% | |
| NVR | D | 0.24% | |
| VRTX | F | 0.23% | |
| 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% | |
| BOX | B | 0.17% | |
| JAZZ | B | 0.16% | |
| FOXA | B | 0.14% | |
| FN | D | 0.13% | |
| VCTR | B | 0.12% | |
| VCYT | B | 0.12% | |
| CINF | A | 0.12% | |
| CDE | D | 0.11% | |
| AEIS | B | 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% | |
| 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% | |
| EQIX | A | -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% | |
| EW | C | -0.16% | |
| SITE | D | -0.16% | |
| SW | A | -0.17% | |
| TEX | D | -0.17% | |
| TREX | C | -0.17% | |
| LKQ | D | -0.17% | |
| MASI | A | -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% | |
| PSA | D | -0.23% | |
| WTRG | B | -0.24% | |
| ELF | C | -0.24% | |
| GPOR | B | -0.24% | |
| CELH | 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% | |
| XP | F | -0.29% | |
| MKTX | D | -0.29% | |
| NDAQ | A | -0.3% | |
| VVV | F | -0.33% | |
| CCOI | B | -0.33% | |
| LPLA | A | -0.34% | |
| FCNCA | A | -0.35% | |
| APO | B | -0.35% | |
| AFRM | B | -0.35% | |
| CACC | D | -0.36% | |
| COHR | B | -0.36% | |
| ZI | D | -0.36% | |
| BEN | C | -0.36% | |
| ON | D | -0.39% | |
| DG | F | -0.4% | |
| SATS | D | -0.4% | |
| BA | F | -0.4% | |
| RBLX | C | -0.41% | |
| DLTR | F | -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% | |
| GE | D | -0.46% | |
| MRNA | F | -0.47% | |
| SMCI | F | -0.47% | |
| RH | B | -0.47% | |
| CFLT | B | -0.47% | |
| CHTR | C | -0.48% | |
| FND | C | -0.53% | |
| BRZE | C | -0.56% | |
| FIVE | F | -0.56% | |
| 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% | |
| TXN | C | -0.81% | |
| INTC | D | -0.93% | |
| FSLR | F | -1.26% |
CLSE Underweight 143 Positions Relative to NXTI
| Symbol | Grade | Weight | |
|---|---|---|---|
| BRK.A | B | -4.18% | |
| XOM | B | -3.43% | |
| MA | C | -3.02% | |
| ADBE | C | -2.94% | |
| NOW | A | -2.29% | |
| IBM | C | -2.28% | |
| UNH | C | -2.16% | |
| INTU | C | -2.08% | |
| PANW | C | -1.5% | |
| KO | D | -1.23% | |
| ALNY | D | -1.07% | |
| IDXX | F | -1.04% | |
| UBER | D | -1.04% | |
| PEP | F | -1.02% | |
| SPOT | B | -0.93% | |
| MSI | B | -0.91% | |
| HON | B | -0.91% | |
| PM | B | -0.9% | |
| NKE | D | -0.82% | |
| WDAY | B | -0.81% | |
| UPS | C | -0.79% | |
| FTNT | C | -0.77% | |
| AXP | A | -0.77% | |
| BX | A | -0.77% | |
| AMAT | F | -0.74% | |
| ADSK | A | -0.72% | |
| TGT | F | -0.67% | |
| GEV | B | -0.66% | |
| WMB | A | -0.59% | |
| LOW | D | -0.59% | |
| FICO | B | -0.57% | |
| CL | D | -0.55% | |
| CTAS | B | -0.55% | |
| DDOG | A | -0.54% | |
| TT | A | -0.52% | |
| EA | A | -0.5% | |
| ORLY | B | -0.49% | |
| ITW | B | -0.49% | |
| ALGN | D | -0.47% | |
| CTSH | B | -0.47% | |
| MMM | D | -0.47% | |
| D | C | -0.46% | |
| HPQ | B | -0.45% | |
| FDX | B | -0.44% | |
| SRPT | D | -0.43% | |
| MMC | B | -0.43% | |
| DASH | A | -0.42% | |
| NBIX | C | -0.4% | |
| INSM | C | -0.39% | |
| PH | A | -0.39% | |
| NET | B | -0.38% | |
| SHW | A | -0.36% | |
| CI | F | -0.36% | |
| ELV | F | -0.36% | |
| ECL | D | -0.35% | |
| TRGP | B | -0.34% | |
| HUBS | A | -0.34% | |
| MPC | D | -0.33% | |
| EBAY | D | -0.33% | |
| ZS | C | -0.33% | |
| ED | D | -0.32% | |
| PAYX | C | -0.32% | |
| PEN | B | -0.32% | |
| KMB | D | -0.31% | |
| GWW | B | -0.31% | |
| CMI | A | -0.3% | |
| HSIC | B | -0.3% | |
| CDW | F | -0.3% | |
| ITCI | C | -0.29% | |
| EXEL | B | -0.29% | |
| IOT | A | -0.28% | |
| A | D | -0.26% | |
| STX | D | -0.26% | |
| BKR | B | -0.25% | |
| IT | C | -0.24% | |
| AFL | B | -0.24% | |
| RDDT | B | -0.24% | |
| SNAP | C | -0.23% | |
| VLTO | D | -0.23% | |
| AMP | A | -0.22% | |
| TRV | B | -0.22% | |
| BPMC | C | -0.2% | |
| AIG | B | -0.2% | |
| MANH | D | -0.19% | |
| DT | C | -0.19% | |
| PSTG | D | -0.19% | |
| SMMT | D | -0.19% | |
| TOST | B | -0.19% | |
| FAST | B | -0.18% | |
| DD | D | -0.18% | |
| MTD | D | -0.18% | |
| BBY | D | -0.18% | |
| KEYS | A | -0.17% | |
| ULTA | F | -0.16% | |
| OTIS | C | -0.16% | |
| GWRE | A | -0.16% | |
| SYY | B | -0.16% | |
| JNPR | F | -0.16% | |
| GIS | D | -0.16% | |
| HUM | C | -0.15% | |
| RARE | D | -0.15% | |
| CORT | B | -0.15% | |
| ROL | B | -0.15% | |
| CBRE | B | -0.15% | |
| DECK | A | -0.14% | |
| ALKS | B | -0.14% | |
| WAT | B | -0.14% | |
| WSM | B | -0.14% | |
| BURL | A | -0.14% | |
| NI | A | -0.14% | |
| AXSM | B | -0.14% | |
| ACGL | D | -0.14% | |
| HIG | B | -0.13% | |
| CLX | B | -0.13% | |
| DOV | A | -0.12% | |
| AVY | D | -0.12% | |
| K | A | -0.12% | |
| FOLD | F | -0.12% | |
| TER | D | -0.12% | |
| MTCH | D | -0.12% | |
| PPG | F | -0.12% | |
| BRO | B | -0.12% | |
| TW | A | -0.11% | |
| TGTX | B | -0.11% | |
| IOVA | F | -0.11% | |
| RL | B | -0.11% | |
| TSCO | D | -0.11% | |
| NYT | C | -0.11% | |
| LII | A | -0.11% | |
| PCOR | B | -0.11% | |
| DKNG | B | -0.1% | |
| APPF | B | -0.1% | |
| AMED | F | -0.1% | |
| ACI | C | -0.1% | |
| TXT | D | -0.1% | |
| GPC | D | -0.1% | |
| DNLI | D | -0.1% | |
| CHWY | B | -0.09% | |
| DYN | F | -0.09% | |
| RS | B | -0.09% | |
| WING | D | -0.08% | |
| DLB | B | -0.04% | |
| LNW | D | -0.04% |
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Banks - Regional - US
Semiconductors
Asset Management
Diagnostics & Research
Engineering & Construction
Software - Infrastructure
Insurance - Property & Casualty
Building Materials
Internet Content & Information
Business Services
Capital Markets
Communication Equipment
Credit Services
Diversified Industrials
Information Technology Services
Leisure
Medical Devices
Oil & Gas E&P
NXTI: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Diversified Industrials
Specialty Retail
Software - Infrastructure
Diagnostics & Research
Health Care Plans
Internet Content & Information
Information Technology Services
Business Services
Household & Personal Products
Insurance - Diversified
Beverages - Soft Drinks
Communication Equipment
Data Storage
Discount Stores
Insurance - Property & Casualty
Insurance Brokers
Integrated Shipping & Logistics
Internet Content & Information
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