CLSE vs. SDY ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR S&P Dividend ETF (SDY)

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

SDY

SPDR S&P Dividend ETF

SDY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the highest dividend yielding S&P Composite 1500Â® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. It is non-diversified.

Grade (RS Rating)

Last Trade

$142.31

Average Daily Volume

183,834

Number of Holdings ^*

132

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SDY
30 Days	4.69%	0.70%
60 Days	6.81%	0.90%
90 Days	9.38%	3.52%
12 Months	39.93%	23.08%

26 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SDY	Overlap
ABBV	D	0.72%	1.36%	0.72%
ABM	B	0.19%	0.19%	0.19%
ALB	C	-0.16%	0.69%	-0.16%
APD	A	-0.15%	1.2%	-0.15%
ATO	A	-0.1%	1.18%	-0.1%
AVA	A	0.47%	0.17%	0.17%
BEN	C	-0.36%	0.38%	-0.36%
CAH	B	0.86%	0.97%	0.86%
CHRW	C	0.61%	0.76%	0.61%
CINF	A	0.12%	1.29%	0.12%
EXPD	D	0.14%	0.55%	0.14%
JNJ	D	0.83%	1.43%	0.83%
MCHP	D	-0.63%	0.96%	-0.63%
MDT	D	0.29%	1.48%	0.29%
PG	A	0.45%	1.16%	0.45%
QCOM	F	1.73%	0.97%	0.97%
RGLD	C	0.32%	0.51%	0.32%
RNR	C	-0.15%	0.27%	-0.15%
ROP	B	-0.7%	0.27%	-0.7%
SEIC	B	0.95%	0.42%	0.42%
SR	A	0.38%	0.23%	0.23%
TXN	C	-0.81%	1.31%	-0.81%
UMBF	B	0.66%	0.3%	0.3%
WMT	A	1.82%	0.51%	0.51%
WST	C	-0.59%	0.12%	-0.59%
WTRG	B	-0.24%	0.54%	-0.24%

CLSE Overweight 311 Positions Relative to SDY

Symbol	Grade	Weight
NVDA	C	4.61%
GOOGL	C	3.47%
META	D	3.3%
AMZN	C	2.53%
AVGO	D	2.28%
APP	B	2.25%
MU	D	2.13%
HPE	B	1.92%
CVNA	B	1.85%
ANET	C	1.83%
IDCC	A	1.51%
GDDY	A	1.42%
CVLT	B	1.4%
DOCU	A	1.37%
PYPL	B	1.33%
ORCL	B	1.33%
ACIW	B	1.3%
TSLA	B	1.22%
JHG	A	1.21%
NTNX	A	1.16%
HD	A	1.13%
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%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
GM	B	0.87%
COR	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
MLI	C	0.84%
CARG	C	0.83%
AAPL	C	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%
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%
APH	A	0.67%
ALSN	B	0.66%
MTZ	B	0.66%
AVT	C	0.66%
MWA	B	0.65%
BLK	C	0.65%
JPM	A	0.64%
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%
GOOG	C	0.49%
UI	A	0.49%
EXP	A	0.48%
CACI	D	0.48%
PNW	B	0.48%
UNP	C	0.47%
PGR	A	0.46%
DUOL	A	0.45%
ALL	A	0.45%
BKNG	A	0.44%
LPX	B	0.43%
CTRE	D	0.42%
SCCO	F	0.41%
RMD	C	0.4%
JXN	C	0.39%
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%
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%
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%
BAH	F	0.18%
KR	B	0.17%
NTRA	B	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
FOXA	B	0.14%
FN	D	0.13%
PRU	A	0.13%
VCTR	B	0.12%
VCYT	B	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%
LRCX	F	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%
ACVA	B	-0.11%
ENPH	F	-0.11%
CGON	F	-0.11%
EL	F	-0.12%
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%
EQIX	A	-0.14%
CZR	F	-0.15%
COLD	D	-0.15%
GTLS	B	-0.15%
CRL	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%
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%
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%
PSA	D	-0.23%
XYL	D	-0.23%
ELF	C	-0.24%
IONS	F	-0.24%
GPOR	B	-0.24%
CELH	F	-0.24%
HSY	F	-0.24%
DELL	C	-0.25%
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%
TEAM	A	-0.27%
MSCI	C	-0.27%
PTEN	C	-0.27%
MNST	C	-0.28%
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%
ABNB	C	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	B	-0.35%
CACC	D	-0.36%
COHR	B	-0.36%
BBIO	F	-0.36%
ZI	D	-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%
PINS	D	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	C	-0.43%
SNPS	B	-0.44%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	C	-0.45%
GE	D	-0.46%
CDNS	B	-0.46%
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%
LITE	B	-0.6%
POOL	C	-0.61%
DXCM	D	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
INTC	D	-0.93%
FSLR	F	-1.26%

CLSE Underweight 106 Positions Relative to SDY

Symbol	Grade	Weight
CVX	A	-2.34%
O	D	-2.21%
KVUE	A	-1.81%
XEL	A	-1.78%
EIX	B	-1.74%
WEC	A	-1.72%
KMB	D	-1.68%
XOM	B	-1.61%
ADM	D	-1.51%
TGT	F	-1.48%
SO	D	-1.48%
TROW	B	-1.46%
PEP	F	-1.45%
ED	D	-1.42%
IBM	C	-1.42%
SYY	B	-1.32%
ES	D	-1.28%
KO	D	-1.23%
CLX	B	-1.22%
GPC	D	-1.21%
ITW	B	-1.2%
FAST	B	-1.17%
EMR	A	-1.13%
MCD	D	-1.11%
NEE	D	-1.11%
BBY	D	-1.09%
ESS	B	-1.08%
ADP	B	-1.03%
LMT	D	-1.0%
PPG	F	-0.98%
MKC	D	-0.96%
ABT	B	-0.96%
LHX	C	-0.96%
CL	D	-0.9%
LNT	A	-0.88%
GD	F	-0.88%
AFL	B	-0.88%
AMCR	D	-0.85%
EVRG	A	-0.84%
LOW	D	-0.84%
SWK	D	-0.81%
RPM	A	-0.79%
NKE	D	-0.78%
WM	A	-0.75%
NUE	C	-0.74%
BDX	F	-0.73%
NOC	D	-0.72%
ADI	D	-0.72%
CAT	B	-0.71%
SJM	D	-0.69%
LECO	B	-0.66%
GGG	B	-0.63%
CB	C	-0.61%
NDSN	B	-0.6%
RSG	A	-0.59%
CHD	B	-0.58%
DOV	A	-0.58%
AOS	F	-0.57%
JKHY	D	-0.57%
ATR	B	-0.56%
LIN	D	-0.54%
ORI	A	-0.52%
DCI	B	-0.52%
TTC	D	-0.51%
PNR	A	-0.5%
HRL	D	-0.49%
FDS	B	-0.48%
FRT	B	-0.48%
CBSH	A	-0.46%
NNN	D	-0.45%
PB	A	-0.44%
CFR	B	-0.44%
ERIE	D	-0.42%
CSL	C	-0.42%
GWW	B	-0.42%
ECL	D	-0.42%
MSA	D	-0.4%
RLI	B	-0.4%
CTAS	B	-0.39%
SHW	A	-0.38%
SPGI	C	-0.36%
BMI	B	-0.33%
UBSI	B	-0.32%
NFG	A	-0.31%
UGI	A	-0.3%
WRB	A	-0.29%
SON	D	-0.29%
CASY	A	-0.28%
NJR	A	-0.28%
OZK	B	-0.28%
BRO	B	-0.26%
OGS	A	-0.25%
BKH	A	-0.25%
FLO	D	-0.25%
FELE	B	-0.24%
FUL	F	-0.24%
PII	D	-0.23%
PRGO	B	-0.22%
LANC	C	-0.2%
CBU	B	-0.2%
CWT	D	-0.18%
AWR	B	-0.18%
BRC	D	-0.18%
CPK	A	-0.17%
SJW	D	-0.1%
SCL	C	-0.1%