CLSE vs. RNDV ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to First Trust US Equity Dividend Select ETF (RNDV)

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

$22.51

Average Daily Volume

49,544

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.19

Average Daily Volume

2,473

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	RNDV
30 Days	5.51%	2.08%
60 Days	11.19%	10.06%
90 Days	4.00%	9.54%
12 Months	39.98%	28.64%

31 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in RNDV	Overlap
ABBV	C	1.02%	1.28%	1.02%
APD	C	-0.2%	0.35%	-0.2%
BMY	A	0.92%	2.21%	0.92%
CAH	B	0.58%	0.74%	0.58%
CHRW	C	0.67%	0.65%	0.65%
CINF	A	-0.19%	0.86%	-0.19%
CVS	D	0.19%	1.52%	0.19%
CVX	B	0.45%	0.76%	0.45%
GLW	C	0.28%	3.65%	0.28%
GRMN	D	0.09%	0.65%	0.09%
HD	A	1.22%	1.1%	1.1%
HPE	B	2.06%	3.09%	2.06%
IBM	A	1.43%	4.48%	1.43%
JNJ	D	0.91%	1.11%	0.91%
KLAC	B	0.47%	0.86%	0.47%
KMB	D	0.16%	0.59%	0.16%
LMT	A	0.54%	0.62%	0.54%
MCHP	F	-0.52%	2.18%	-0.52%
MDT	C	0.46%	1.26%	0.46%
MET	A	0.56%	0.94%	0.56%
MRK	F	0.5%	0.7%	0.5%
MSFT	D	1.01%	0.78%	0.78%
NTRS	B	0.89%	1.01%	0.89%
OKE	A	-0.17%	1.03%	-0.17%
PNW	C	0.48%	0.39%	0.39%
POOL	D	-0.56%	0.63%	-0.56%
QCOM	D	2.56%	1.93%	1.93%
TSN	D	0.53%	0.56%	0.53%
TXN	C	-0.85%	3.39%	-0.85%
UNP	F	0.57%	0.46%	0.46%
XOM	A	0.59%	0.65%	0.59%

CLSE Overweight 300 Positions Relative to RNDV

Symbol	Grade	Weight
NVDA	B	3.84%
META	A	3.31%
GOOGL	B	3.08%
AVGO	B	2.7%
AMZN	C	2.37%
AAPL	C	1.95%
WMT	A	1.94%
ANET	A	1.93%
CVNA	A	1.82%
NTAP	D	1.74%
CVLT	B	1.65%
ORCL	A	1.46%
APP	A	1.45%
GDDY	B	1.41%
DOCU	A	1.4%
GOOG	B	1.26%
IDCC	A	1.17%
ACIW	A	1.16%
PYPL	A	1.07%
MU	D	1.05%
T	B	1.01%
AMG	B	1.0%
SNEX	B	1.0%
JHG	A	0.97%
NTNX	C	0.95%
AVT	B	0.95%
SYF	A	0.94%
HALO	D	0.94%
GILD	A	0.91%
THC	D	0.86%
EME	B	0.86%
DVA	C	0.83%
AMRX	B	0.83%
OGN	F	0.83%
BAC	B	0.8%
MLI	B	0.78%
UHS	D	0.78%
VLO	F	0.77%
SEIC	B	0.77%
PPC	C	0.77%
MO	D	0.76%
BFH	D	0.74%
TSLA	C	0.74%
FTDR	B	0.73%
JXN	A	0.71%
PG	D	0.7%
CNC	F	0.7%
NRG	A	0.69%
BG	F	0.69%
COR	F	0.68%
IIPR	C	0.67%
ADMA	A	0.67%
IESC	A	0.66%
GVA	A	0.65%
LNG	A	0.65%
UMBF	C	0.63%
FITB	C	0.61%
PATK	A	0.61%
PNC	C	0.59%
RF	B	0.59%
JPM	C	0.59%
MWA	A	0.58%
WFC	B	0.58%
SLVM	C	0.58%
MTZ	A	0.57%
VST	A	0.56%
PRIM	A	0.56%
MATX	C	0.56%
DVN	F	0.55%
REZI	D	0.55%
AVA	D	0.55%
RTX	A	0.54%
NEE	C	0.54%
NEM	C	0.52%
STRL	B	0.52%
OSCR	C	0.52%
RGA	B	0.52%
GM	D	0.51%
EXPE	B	0.5%
CNA	D	0.47%
PGR	B	0.47%
ATGE	D	0.47%
LNTH	C	0.46%
LDOS	A	0.45%
EXP	C	0.44%
MPC	D	0.44%
CACI	A	0.44%
SCCO	B	0.44%
VRT	B	0.42%
EQR	C	0.41%
RGLD	C	0.41%
SPG	A	0.4%
ACT	B	0.39%
CFG	C	0.39%
EEFT	F	0.39%
FCX	B	0.38%
MUSA	D	0.38%
LAMR	C	0.36%
CAT	A	0.36%
ALSN	A	0.35%
CTRE	C	0.35%
NSA	D	0.35%
IBP	C	0.34%
TOL	C	0.34%
KBH	D	0.32%
J	F	0.32%
STAG	D	0.32%
ABM	D	0.32%
NFLX	A	0.31%
SM	D	0.31%
NVR	C	0.31%
BCO	C	0.31%
AMGN	D	0.28%
OUT	C	0.27%
BKNG	B	0.26%
ALNY	C	0.25%
CCL	C	0.25%
JLL	C	0.25%
ASPN	C	0.25%
ANF	D	0.24%
CPNG	C	0.18%
KR	C	0.16%
NTRA	A	0.15%
SPOT	C	0.14%
QQQ	B	0.0%
ADUS	D	0.0%
MHO	C	0.0%
VTRS	D	0.0%
KNF	B	0.0%
MRO	B	0.0%
HRB	C	0.0%
JOBY	C	-0.04%
CAR	D	-0.06%
PENN	D	-0.07%
PGNY	F	-0.08%
AES	C	-0.08%
MCW	F	-0.09%
CZR	B	-0.09%
BRKR	D	-0.09%
MASI	B	-0.09%
NXST	D	-0.09%
AGL	F	-0.1%
DRVN	C	-0.1%
VAC	D	-0.1%
LGIH	C	-0.1%
HGV	F	-0.1%
AWR	B	-0.1%
VMC	D	-0.11%
HHH	C	-0.11%
ACVA	C	-0.11%
SBUX	B	-0.11%
SJM	D	-0.12%
ALIT	D	-0.12%
JBLU	B	-0.13%
RBLX	D	-0.13%
PCH	C	-0.14%
PPBI	D	-0.14%
MTN	D	-0.14%
EXR	D	-0.15%
MKL	B	-0.15%
KRG	C	-0.15%
COLD	D	-0.15%
DAY	C	-0.15%
AA	B	-0.15%
BIRK	F	-0.15%
PYCR	D	-0.15%
WAL	C	-0.16%
THO	C	-0.16%
WY	C	-0.16%
CC	D	-0.16%
WTRG	D	-0.16%
CHDN	C	-0.16%
OSK	F	-0.17%
AESI	B	-0.17%
ENOV	F	-0.17%
UHAL	C	-0.17%
ALGM	F	-0.17%
BEAM	F	-0.17%
KNSL	B	-0.18%
LUV	B	-0.18%
CHK	C	-0.18%
NTLA	F	-0.18%
TXG	F	-0.18%
VNO	B	-0.18%
HI	F	-0.18%
TFC	D	-0.19%
TTD	A	-0.19%
AJG	C	-0.19%
PNFP	B	-0.19%
LKQ	F	-0.19%
XPO	F	-0.19%
CGON	C	-0.19%
CACC	F	-0.2%
ELF	F	-0.2%
SOFI	C	-0.2%
BE	F	-0.2%
AVAV	B	-0.2%
GTLS	D	-0.2%
KROS	C	-0.2%
CNH	C	-0.2%
GATX	F	-0.2%
BANC	D	-0.2%
GPOR	B	-0.21%
COLB	C	-0.21%
EW	F	-0.21%
IRTC	F	-0.21%
MSCI	B	-0.21%
AGCO	D	-0.21%
TREX	D	-0.21%
AIR	C	-0.21%
FLYW	F	-0.22%
WOLF	F	-0.22%
COTY	F	-0.22%
RBA	D	-0.22%
XYL	C	-0.22%
FCNCA	D	-0.22%
WTM	C	-0.22%
UEC	C	-0.22%
ARWR	F	-0.22%
DXCM	F	-0.23%
KLIC	D	-0.23%
EL	D	-0.23%
SW	C	-0.24%
RNR	A	-0.24%
SUM	F	-0.24%
BIO	B	-0.24%
AEIS	B	-0.25%
CNX	A	-0.26%
AL	D	-0.26%
HSY	D	-0.26%
C	B	-0.26%
EQT	C	-0.27%
SITE	D	-0.27%
ALB	D	-0.27%
PEN	D	-0.27%
ROIV	D	-0.27%
GMED	B	-0.28%
LW	D	-0.28%
D	A	-0.29%
CELH	F	-0.29%
GE	B	-0.29%
MRNA	F	-0.3%
PSA	C	-0.3%
NEOG	F	-0.3%
PTEN	F	-0.3%
GT	F	-0.3%
APLS	F	-0.31%
SRE	C	-0.31%
MNST	D	-0.31%
VVV	D	-0.31%
ENPH	F	-0.32%
EVTC	D	-0.32%
INSP	C	-0.32%
AUR	C	-0.34%
FDS	C	-0.34%
MKTX	B	-0.34%
ON	F	-0.34%
MARA	F	-0.34%
NDAQ	C	-0.35%
AFRM	C	-0.35%
BRZE	F	-0.36%
APO	A	-0.36%
LPLA	D	-0.37%
BA	F	-0.37%
FOUR	A	-0.37%
EXAS	C	-0.38%
LYV	A	-0.38%
RIVN	F	-0.38%
ADBE	F	-0.39%
ZBRA	B	-0.39%
RIOT	F	-0.39%
PATH	D	-0.4%
CYTK	D	-0.41%
WBD	F	-0.42%
SATS	C	-0.43%
BBIO	F	-0.43%
ZI	F	-0.44%
MDB	D	-0.44%
GLOB	D	-0.45%
DLTR	F	-0.45%
CGNX	F	-0.45%
CCOI	B	-0.45%
DV	F	-0.46%
CASY	D	-0.47%
TTWO	D	-0.47%
BILL	D	-0.48%
LBRDK	C	-0.48%
PINS	D	-0.49%
CFLT	F	-0.51%
FIVE	D	-0.52%
FIVN	F	-0.53%
U	D	-0.53%
RH	C	-0.54%
DELL	C	-0.6%
FND	C	-0.64%
GFS	F	-0.67%
LITE	A	-0.79%
INTC	D	-0.8%
WDC	C	-0.8%
LSCC	D	-0.81%

CLSE Underweight 63 Positions Relative to RNDV

Symbol	Grade	Weight
VZ	C	-3.72%
HPQ	B	-3.49%
IPG	D	-2.42%
ACN	B	-2.24%
HAS	A	-2.08%
ADI	B	-1.98%
BBY	C	-1.81%
OMC	C	-1.78%
CMCSA	B	-1.74%
BEN	F	-1.33%
PRU	B	-1.18%
MCD	A	-1.12%
TROW	D	-1.11%
GPC	D	-1.06%
SWK	C	-1.01%
PFG	A	-1.01%
MTB	A	-0.99%
UPS	D	-0.97%
PM	D	-0.91%
K	B	-0.9%
KVUE	C	-0.9%
LOW	C	-0.87%
CAG	D	-0.82%
NKE	D	-0.82%
APH	D	-0.78%
DGX	D	-0.75%
AFL	A	-0.75%
PAYX	B	-0.74%
CME	A	-0.73%
ABT	C	-0.71%
GIS	C	-0.7%
AMCR	C	-0.64%
TRV	B	-0.64%
HRL	F	-0.61%
EG	A	-0.6%
SNA	C	-0.6%
CTRA	D	-0.56%
CMI	A	-0.55%
NSC	C	-0.55%
UNH	B	-0.55%
EOG	B	-0.55%
O	C	-0.54%
LEN	C	-0.53%
ADP	A	-0.53%
CI	D	-0.53%
FAST	C	-0.52%
BDX	C	-0.52%
FMC	C	-0.52%
ITW	C	-0.51%
EMN	C	-0.43%
ES	D	-0.42%
LHX	A	-0.42%
EVRG	C	-0.41%
EIX	C	-0.39%
ETR	A	-0.39%
CF	A	-0.38%
FRT	D	-0.37%
MAA	D	-0.37%
EMR	B	-0.36%
AEP	C	-0.34%
ESS	D	-0.3%
AVB	C	-0.29%
DLR	C	-0.28%