CLSE vs. SLYV ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index (SLYV)

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

$21.60

Average Daily Volume

53,457

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

SLYV

SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index

SLYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of small capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. In seeking to track the performance of the S&P SmallCap 600 Value Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$85.75

Average Daily Volume

186,041

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SLYV
30 Days	0.63%	2.13%
60 Days	2.64%	1.18%
90 Days	-0.71%	10.74%
12 Months	34.63%	16.80%

27 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SLYV	Overlap
ABM	D	0.38%	0.5%	0.38%
ACIW	B	1.15%	0.29%	0.29%
AEIS	D	-0.24%	0.22%	-0.24%
AL	D	-0.27%	0.56%	-0.27%
AVA	B	0.58%	0.48%	0.48%
AWR	B	-0.1%	0.23%	-0.1%
BANC	C	-0.2%	0.31%	-0.2%
CTRE	A	0.35%	0.25%	0.25%
FOXF	F	-0.09%	0.15%	-0.09%
GVA	B	0.62%	0.26%	0.26%
HASI	B	-0.28%	0.61%	-0.28%
HI	F	-0.19%	0.3%	-0.19%
IAC	C	-0.34%	0.34%	-0.34%
IIPR	A	0.63%	0.26%	0.26%
JXN	B	0.8%	0.87%	0.8%
KLIC	D	-0.37%	0.13%	-0.37%
MCW	D	-0.09%	0.05%	-0.09%
OGN	C	1.01%	0.84%	0.84%
PPBI	D	-0.14%	0.36%	-0.14%
PTEN	F	-0.16%	0.18%	-0.16%
REZI	D	0.45%	0.43%	0.43%
SATS	B	-0.33%	0.43%	-0.33%
SLVM	B	0.53%	0.42%	0.42%
SNEX	C	0.96%	0.34%	0.34%
VFC	C	-0.13%	0.94%	-0.13%
VSAT	F	-0.11%	0.18%	-0.11%
WOR	F	-0.08%	0.07%	-0.08%

CLSE Overweight 298 Positions Relative to SLYV

Symbol	Grade	Weight
NVDA	D	3.69%
META	B	3.09%
GOOGL	D	2.73%
QCOM	D	2.6%
AVGO	C	2.43%
AMZN	C	2.33%
AAPL	D	2.25%
WMT	B	2.02%
GDDY	D	1.73%
ANET	C	1.72%
APP	B	1.71%
HPE	F	1.7%
NTAP	D	1.69%
CVLT	B	1.67%
IBM	A	1.65%
CVNA	B	1.58%
GOOG	D	1.24%
MSFT	C	1.22%
HD	B	1.14%
DOCU	C	1.11%
HALO	B	1.07%
ORCL	B	1.07%
ABBV	B	1.06%
MU	F	1.05%
T	A	1.02%
AMG	C	1.0%
JNJ	B	0.98%
JHG	B	0.95%
NTRS	B	0.94%
GILD	B	0.93%
AVT	D	0.92%
SYF	D	0.91%
UHS	B	0.9%
NTNX	C	0.87%
THC	B	0.87%
AMRX	B	0.86%
PYPL	B	0.86%
MO	C	0.85%
BAC	D	0.85%
PG	A	0.83%
JPM	D	0.82%
SEIC	C	0.82%
PPC	D	0.81%
DVA	A	0.8%
MCK	F	0.8%
MPC	F	0.79%
FTDR	B	0.76%
MLI	B	0.75%
BG	F	0.75%
EME	A	0.74%
UMBF	B	0.72%
CFG	C	0.72%
RF	C	0.72%
CNC	C	0.71%
CHRW	C	0.7%
STNG	D	0.7%
VLO	F	0.68%
IDCC	B	0.66%
WFC	F	0.66%
AMGN	B	0.66%
IESC	C	0.64%
FITB	B	0.63%
NEM	B	0.62%
GM	C	0.62%
XOM	D	0.6%
PNW	A	0.59%
TSN	C	0.58%
KLAC	D	0.57%
PGR	B	0.57%
TSLA	C	0.57%
WRB	C	0.57%
VRT	C	0.56%
MET	B	0.56%
MUSA	B	0.56%
NSA	A	0.55%
LMT	B	0.55%
RGA	B	0.55%
STRL	C	0.54%
MWA	C	0.54%
NEE	B	0.54%
EXPE	C	0.54%
NRG	C	0.54%
HRB	C	0.54%
CVX	D	0.53%
PATK	A	0.53%
UNP	B	0.53%
ALSN	B	0.53%
MRK	D	0.52%
CNA	C	0.52%
BMY	C	0.51%
PRIM	C	0.51%
FDX	C	0.51%
EEFT	F	0.49%
LNTH	C	0.47%
CAH	B	0.46%
VST	C	0.45%
PAGS	F	0.44%
ADMA	C	0.43%
EQR	B	0.43%
KMB	C	0.42%
ETN	C	0.41%
MRO	D	0.41%
SPG	B	0.41%
SAIC	B	0.39%
CAT	C	0.39%
SCCO	D	0.39%
LAMR	A	0.39%
FCX	D	0.38%
RGLD	B	0.38%
LDOS	B	0.38%
DVN	F	0.37%
GRMN	D	0.37%
BCO	B	0.36%
KNF	B	0.34%
STAG	B	0.34%
NVR	B	0.34%
VTRS	C	0.32%
JLL	B	0.32%
NFLX	B	0.31%
GLW	C	0.31%
J	D	0.3%
MTZ	B	0.3%
EXP	A	0.29%
CCL	C	0.28%
IBP	C	0.27%
DKS	D	0.26%
BKNG	B	0.25%
MHO	B	0.25%
KR	B	0.2%
SPOT	C	0.13%
ANF	D	0.12%
NTRA	B	0.11%
ALNY	C	0.11%
ODFL	D	0.08%
QQQ	C	0.0%
CRNX	C	-0.05%
MRNA	F	-0.06%
JOBY	D	-0.06%
CAR	F	-0.06%
HHH	C	-0.07%
NXST	D	-0.09%
HGV	D	-0.1%
VAC	F	-0.1%
DRVN	C	-0.1%
AES	C	-0.1%
OGS	A	-0.1%
NFE	F	-0.1%
ACVA	B	-0.1%
WTW	B	-0.1%
GTLS	F	-0.11%
AA	D	-0.11%
VMC	D	-0.11%
EQIX	B	-0.11%
AGL	F	-0.11%
TXG	D	-0.11%
DRI	C	-0.11%
PGNY	F	-0.12%
MTN	D	-0.12%
AAL	D	-0.12%
CGON	C	-0.12%
PAYC	D	-0.13%
BC	D	-0.13%
SHW	A	-0.13%
RBLX	B	-0.14%
KRG	B	-0.14%
EXR	A	-0.14%
DAY	C	-0.14%
CNH	C	-0.15%
PYCR	D	-0.15%
AESI	C	-0.15%
CHK	D	-0.15%
XP	D	-0.15%
CG	D	-0.15%
WAL	B	-0.15%
UHAL	B	-0.15%
VNO	A	-0.16%
UEC	F	-0.16%
PCH	C	-0.16%
COTY	D	-0.17%
ROK	D	-0.17%
SJM	C	-0.17%
BIRK	D	-0.17%
WTRG	D	-0.17%
ENOV	F	-0.18%
WY	C	-0.18%
DLTR	F	-0.18%
FCNCA	D	-0.19%
BE	F	-0.19%
XPO	D	-0.19%
KNSL	C	-0.19%
CINF	B	-0.2%
SUM	D	-0.2%
COLB	C	-0.2%
AJG	A	-0.2%
GMED	D	-0.2%
LAD	C	-0.2%
CZR	D	-0.2%
VLY	C	-0.21%
WBA	F	-0.21%
XYL	D	-0.21%
LKQ	D	-0.21%
GPOR	C	-0.21%
SOFI	C	-0.21%
IRTC	F	-0.21%
TMDX	D	-0.21%
AVAV	D	-0.21%
DXCM	F	-0.22%
CNX	B	-0.22%
SW	B	-0.22%
EL	F	-0.22%
LUV	C	-0.22%
RBA	B	-0.22%
VVV	D	-0.22%
WOLF	F	-0.23%
RNR	B	-0.23%
IONS	F	-0.23%
TTD	B	-0.23%
IPAR	D	-0.24%
WSC	D	-0.24%
CELH	F	-0.24%
APLS	D	-0.24%
OKE	A	-0.24%
CLDX	C	-0.24%
EQT	D	-0.24%
AGCO	D	-0.24%
APD	B	-0.25%
ALB	D	-0.25%
EXAS	C	-0.25%
FLYW	D	-0.25%
WTM	D	-0.25%
BIO	C	-0.25%
GT	F	-0.26%
MS	D	-0.26%
WAT	C	-0.26%
SITE	D	-0.26%
CSCO	C	-0.27%
NEOG	D	-0.27%
CIEN	C	-0.27%
VSH	F	-0.27%
HSY	B	-0.28%
LW	D	-0.28%
BX	A	-0.3%
RIOT	F	-0.31%
ILMN	C	-0.31%
TOST	C	-0.31%
O	B	-0.31%
MNST	C	-0.31%
RVMD	C	-0.32%
PEN	D	-0.32%
REGN	C	-0.32%
FOUR	C	-0.32%
EVTC	D	-0.33%
RGEN	F	-0.33%
LPLA	F	-0.33%
FIVN	F	-0.33%
MARA	F	-0.33%
AFRM	C	-0.34%
ENPH	D	-0.34%
D	B	-0.34%
SRE	B	-0.34%
NDAQ	B	-0.34%
ADBE	D	-0.35%
GE	A	-0.35%
ZI	D	-0.35%
ON	D	-0.36%
FIVE	D	-0.36%
LVS	D	-0.36%
WBD	D	-0.37%
BA	F	-0.38%
MKTX	C	-0.38%
RIVN	F	-0.39%
CCOI	C	-0.41%
CGNX	D	-0.43%
BBIO	D	-0.43%
INSP	C	-0.45%
ZBRA	C	-0.47%
GLOB	D	-0.48%
LYV	C	-0.48%
LSCC	D	-0.5%
GFS	F	-0.5%
U	D	-0.5%
CFLT	F	-0.5%
DV	F	-0.51%
C	D	-0.51%
BRZE	F	-0.51%
POOL	C	-0.53%
SMCI	F	-0.53%
RH	C	-0.53%
BILL	D	-0.53%
TTWO	D	-0.55%
LBRDK	D	-0.57%
WDC	D	-0.58%
FND	C	-0.58%
MDB	D	-0.62%
MCHP	D	-0.65%
LITE	C	-0.69%
INTC	F	-0.93%
TXN	D	-0.97%

CLSE Underweight 416 Positions Relative to SLYV

Symbol	Grade	Weight
CMA	B	-1.21%
RHI	D	-1.04%
COOP	B	-0.92%
LUMN	C	-0.89%
DY	C	-0.87%
ALK	C	-0.81%
LNC	D	-0.79%
SLG	B	-0.7%
RUN	C	-0.68%
ASO	C	-0.65%
ABCB	B	-0.61%
DXC	C	-0.6%
SEM	D	-0.58%
SANM	D	-0.58%
ICUI	B	-0.56%
HIW	A	-0.55%
MAC	B	-0.55%
UCBI	B	-0.54%
AUB	C	-0.53%
BXMT	C	-0.52%
FULT	D	-0.51%
CBU	C	-0.48%
MPW	B	-0.47%
FHB	C	-0.47%
LXP	B	-0.47%
GNW	B	-0.46%
SEE	D	-0.46%
NWL	C	-0.45%
HUBG	C	-0.44%
VIRT	B	-0.44%
DEI	A	-0.43%
EPRT	A	-0.43%
BKU	C	-0.42%
PENN	D	-0.42%
ABR	C	-0.41%
SFNC	B	-0.41%
INDB	C	-0.4%
CWK	B	-0.4%
AKR	B	-0.38%
ITRI	C	-0.38%
CWEN	A	-0.38%
FFBC	C	-0.38%
BCPC	C	-0.38%
WAFD	B	-0.38%
GTES	C	-0.37%
VSTO	B	-0.37%
WERN	D	-0.37%
RDN	C	-0.37%
MMSI	A	-0.37%
AAP	F	-0.37%
PFS	C	-0.37%
ABG	F	-0.36%
SBCF	C	-0.36%
CVBF	C	-0.36%
PECO	B	-0.36%
PSMT	B	-0.35%
HBI	B	-0.35%
FUL	D	-0.35%
PHIN	C	-0.34%
KSS	F	-0.34%
MC	B	-0.33%
PIPR	B	-0.33%
ENVA	C	-0.33%
PINC	C	-0.33%
NBTB	D	-0.33%
THS	C	-0.32%
IBTX	B	-0.32%
WD	B	-0.32%
OMCL	C	-0.32%
SFBS	B	-0.32%
FL	D	-0.32%
RNST	D	-0.32%
MLKN	D	-0.31%
PLXS	B	-0.31%
NSIT	C	-0.31%
ROIC	B	-0.31%
JBLU	D	-0.31%
TRMK	C	-0.31%
STC	B	-0.31%
KMT	B	-0.31%
BANR	B	-0.31%
ENV	C	-0.3%
CWT	A	-0.3%
FTRE	F	-0.3%
NATL	D	-0.3%
PBH	B	-0.3%
STEP	B	-0.3%
OI	D	-0.3%
VIAV	D	-0.3%
BOX	A	-0.3%
MRCY	C	-0.3%
HAYW	D	-0.29%
SXT	D	-0.29%
EPC	F	-0.29%
EAT	B	-0.29%
TTMI	D	-0.29%
FBNC	C	-0.28%
ACA	C	-0.28%
KAR	D	-0.28%
CENTA	D	-0.28%
LGND	C	-0.28%
B	D	-0.28%
GO	F	-0.27%
PDCO	D	-0.27%
WSFS	D	-0.27%
VSCO	C	-0.27%
NWBI	C	-0.27%
GEO	D	-0.27%
KRYS	D	-0.27%
GNL	C	-0.27%
NPO	D	-0.27%
TALO	F	-0.27%
FBK	B	-0.26%
AGO	C	-0.26%
CATY	C	-0.26%
RXO	D	-0.26%
RUSHA	C	-0.26%
ALKS	C	-0.26%
UNF	B	-0.26%
KFY	B	-0.25%
FCPT	A	-0.25%
UCTT	F	-0.25%
SCL	D	-0.25%
NBHC	D	-0.25%
MCY	C	-0.25%
LEG	D	-0.25%
TPH	C	-0.25%
BHE	C	-0.24%
CPK	A	-0.24%
JBGS	B	-0.24%
NWN	B	-0.24%
TNDM	C	-0.24%
BGC	B	-0.24%
BOH	C	-0.24%
PEB	D	-0.24%
HP	F	-0.23%
ALEX	B	-0.23%
GBX	C	-0.23%
MGEE	A	-0.23%
OUT	B	-0.23%
CXW	D	-0.23%
CABO	F	-0.23%
HTH	C	-0.23%
HOPE	C	-0.23%
SMTC	C	-0.23%
DEA	B	-0.22%
HMN	C	-0.22%
WHD	C	-0.22%
AIN	F	-0.22%
SONO	F	-0.22%
NTCT	D	-0.22%
SKYW	C	-0.22%
CHEF	C	-0.22%
PRK	C	-0.22%
KW	C	-0.21%
SBH	C	-0.21%
VBTX	B	-0.21%
MODG	F	-0.21%
ADUS	B	-0.21%
CCS	B	-0.21%
IART	F	-0.2%
BTU	D	-0.2%
DAN	F	-0.2%
RC	F	-0.2%
MYGN	C	-0.2%
KLG	C	-0.2%
GIII	C	-0.2%
CAL	F	-0.2%
APAM	C	-0.2%
DNOW	D	-0.2%
TRN	C	-0.2%
UVV	D	-0.2%
AAT	B	-0.2%
MTX	F	-0.19%
AX	D	-0.19%
NVEE	F	-0.19%
EIG	B	-0.19%
NAVI	C	-0.19%
CNS	A	-0.19%
STRA	D	-0.19%
SAFT	C	-0.19%
PMT	C	-0.19%
AVNS	B	-0.18%
CSR	C	-0.18%
KALU	D	-0.18%
JBT	D	-0.18%
SCSC	D	-0.18%
VGR	C	-0.18%
NMIH	B	-0.18%
TDS	B	-0.18%
DIOD	F	-0.18%
SMPL	D	-0.18%
PJT	C	-0.18%
NGVT	F	-0.18%
BRC	B	-0.18%
CORT	B	-0.18%
XRX	F	-0.18%
UE	B	-0.17%
SUPN	D	-0.17%
NXRT	B	-0.17%
FWRD	C	-0.17%
PRFT	A	-0.17%
ENR	D	-0.17%
CALX	D	-0.17%
LCII	C	-0.17%
TILE	B	-0.17%
SITM	C	-0.17%
WWW	B	-0.17%
KWR	D	-0.17%
OMI	D	-0.17%
ECPG	C	-0.17%
ICHR	F	-0.16%
DOCN	B	-0.16%
SJW	C	-0.16%
QNST	C	-0.16%
IOSP	D	-0.16%
SNDR	B	-0.16%
NARI	F	-0.16%
TGI	F	-0.16%
PBI	D	-0.16%
ODP	F	-0.15%
EMBC	C	-0.15%
FCF	C	-0.15%
LTC	B	-0.15%
PLUS	B	-0.15%
VSTS	D	-0.15%
CWEN	A	-0.15%
CAKE	D	-0.15%
FDP	B	-0.15%
DGII	D	-0.15%
HNI	C	-0.15%
DORM	B	-0.15%
MATV	B	-0.15%
DLX	D	-0.14%
WNC	F	-0.14%
PZZA	D	-0.14%
LGIH	C	-0.14%
DCOM	B	-0.14%
LKFN	C	-0.14%
UNFI	C	-0.14%
BDN	B	-0.14%
BRKL	C	-0.14%
AHCO	B	-0.14%
NHC	D	-0.14%
MD	C	-0.14%
GTY	A	-0.14%
KN	D	-0.14%
CXM	F	-0.14%
LZB	C	-0.13%
NVRI	D	-0.13%
SCHL	D	-0.13%
HCSG	C	-0.13%
THRM	D	-0.13%
GPRE	F	-0.13%
CNXN	B	-0.13%
SAH	D	-0.13%
PRAA	F	-0.13%
AOSL	D	-0.13%
TRUP	B	-0.13%
EYE	F	-0.13%
CBRL	F	-0.13%
VTOL	D	-0.13%
BL	D	-0.13%
BLMN	F	-0.12%
WGO	D	-0.12%
SCVL	C	-0.12%
EXTR	C	-0.12%
SPTN	C	-0.12%
ASIX	C	-0.12%
HSII	C	-0.12%
SVC	F	-0.12%
STBA	C	-0.12%
MNRO	D	-0.12%
HFWA	C	-0.12%
HLIT	C	-0.12%
GFF	C	-0.12%
AMN	F	-0.12%
PTGX	B	-0.12%
APOG	C	-0.12%
SXC	F	-0.11%
LNN	C	-0.11%
CSGS	C	-0.11%
BGS	D	-0.11%
COHU	D	-0.11%
CENX	D	-0.11%
AXL	F	-0.11%
BJRI	D	-0.11%
CHCO	B	-0.11%
KELYA	D	-0.11%
HRMY	B	-0.11%
SEDG	F	-0.11%
VIR	F	-0.11%
ANDE	D	-0.11%
ASTE	F	-0.11%
ARCH	D	-0.11%
TMP	C	-0.11%
KREF	B	-0.11%
CFFN	D	-0.11%
EPAC	B	-0.11%
CPF	B	-0.11%
RGR	F	-0.11%
HAIN	D	-0.11%
SGH	F	-0.1%
MSEX	C	-0.1%
SMP	C	-0.1%
ALGT	F	-0.1%
AIR	C	-0.1%
PCRX	F	-0.1%
HPP	F	-0.1%
PRDO	D	-0.1%
MLAB	C	-0.1%
UNIT	C	-0.1%
CTS	D	-0.1%
TRST	C	-0.1%
HZO	C	-0.1%
XNCR	C	-0.1%
EGBN	C	-0.1%
DXPE	C	-0.1%
PRA	C	-0.1%
CTKB	F	-0.09%
INVA	B	-0.09%
MMI	C	-0.09%
SABR	D	-0.09%
MGPI	C	-0.09%
HAFC	C	-0.09%
THRY	D	-0.09%
RCUS	C	-0.09%
ROG	D	-0.09%
XHR	C	-0.09%
BHLB	C	-0.09%
USPH	F	-0.09%
SBSI	C	-0.09%
EZPW	D	-0.09%
AMWD	C	-0.09%
BANF	B	-0.09%
STAA	F	-0.09%
PUMP	F	-0.09%
NBR	F	-0.09%
BKE	B	-0.08%
CLW	F	-0.08%
VREX	F	-0.08%
CRK	D	-0.08%
ATEN	C	-0.08%
VRTS	D	-0.08%
CVGW	B	-0.08%
GDOT	C	-0.08%
WABC	D	-0.08%
CERT	F	-0.08%
SDGR	F	-0.08%
UTL	B	-0.08%
ARI	F	-0.08%
AMSF	C	-0.08%
LESL	F	-0.08%
MRTN	D	-0.08%
TWI	D	-0.07%
USNA	F	-0.07%
PAHC	B	-0.07%
UFCS	D	-0.07%
PLAB	D	-0.07%
CLB	D	-0.07%
CCRN	F	-0.07%
FLGT	D	-0.07%
AHH	B	-0.07%
FIZZ	F	-0.07%
HVT	D	-0.06%
CENT	D	-0.06%
CNSL	A	-0.06%
SWI	B	-0.06%
HTZ	F	-0.06%
NX	D	-0.06%
KOP	F	-0.06%
NUS	F	-0.06%
VICR	F	-0.06%
JBSS	F	-0.06%
SSTK	F	-0.06%
ETH	F	-0.06%
MXL	F	-0.06%
CVI	F	-0.05%
CMP	F	-0.05%
MOV	F	-0.05%
DDD	F	-0.05%
UHT	B	-0.05%
WS	D	-0.05%
NABL	D	-0.05%
WSR	D	-0.05%
HSTM	C	-0.05%
RGNX	D	-0.05%
CEVA	C	-0.05%
HAYN	D	-0.05%
BLFS	B	-0.05%
INN	C	-0.05%
NPK	C	-0.04%
IIIN	D	-0.04%
TR	C	-0.04%
DBI	F	-0.04%
SNCY	F	-0.04%
CHCT	F	-0.04%
HTLD	D	-0.04%
MTUS	F	-0.04%
AMCX	F	-0.04%
CRSR	F	-0.04%
GOGO	F	-0.04%
MYE	F	-0.04%
MATW	F	-0.04%
TTGT	F	-0.04%
DIN	F	-0.04%
PRLB	D	-0.04%
IRWD	F	-0.04%
BFS	B	-0.04%
GDEN	D	-0.04%
MERC	F	-0.04%
BSIG	C	-0.04%
CHUY	B	-0.04%
ZEUS	F	-0.03%
SLP	F	-0.03%
RILY	F	-0.02%