CLSE vs. SPYV ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. 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 large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.74

Average Daily Volume

3,113,617

Number of Holdings ^*

431

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SPYV
30 Days	5.51%	1.74%
60 Days	11.19%	8.60%
90 Days	4.00%	8.98%
12 Months	39.98%	32.58%

111 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SPYV	Overlap
ABBV	C	1.02%	1.02%	1.02%
AES	C	-0.08%	0.07%	-0.08%
AJG	C	-0.19%	0.14%	-0.19%
ALB	D	-0.27%	0.05%	-0.27%
AMGN	D	0.28%	0.82%	0.28%
APD	C	-0.2%	0.32%	-0.2%
BA	F	-0.37%	0.24%	-0.37%
BAC	B	0.8%	1.28%	0.8%
BG	F	0.69%	0.06%	0.06%
BMY	A	0.92%	0.49%	0.49%
C	B	-0.26%	0.56%	-0.26%
CAH	B	0.58%	0.13%	0.13%
CAT	A	0.36%	0.38%	0.36%
CCL	C	0.25%	0.03%	0.03%
CFG	C	0.39%	0.09%	0.09%
CHRW	C	0.67%	0.06%	0.06%
CINF	A	-0.19%	0.1%	-0.19%
CNC	F	0.7%	0.19%	0.19%
CVS	D	0.19%	0.35%	0.19%
CVX	B	0.45%	1.16%	0.45%
CZR	B	-0.09%	0.02%	-0.09%
D	A	-0.29%	0.23%	-0.29%
DAY	C	-0.15%	0.02%	-0.15%
DELL	C	-0.6%	0.08%	-0.6%
DLTR	F	-0.45%	0.07%	-0.45%
DVA	C	0.83%	0.02%	0.02%
DVN	F	0.55%	0.11%	0.11%
DXCM	F	-0.23%	0.05%	-0.23%
EL	D	-0.23%	0.11%	-0.23%
ENPH	F	-0.32%	0.05%	-0.32%
EQR	C	0.41%	0.12%	0.12%
EQT	C	-0.27%	0.1%	-0.27%
EW	F	-0.21%	0.12%	-0.21%
EXR	D	-0.15%	0.18%	-0.15%
FCX	B	0.38%	0.18%	0.18%
FDS	C	-0.34%	0.04%	-0.34%
FITB	C	0.61%	0.14%	0.14%
GE	B	-0.29%	0.55%	-0.29%
GILD	A	0.91%	0.49%	0.49%
GLW	C	0.28%	0.17%	0.17%
GM	D	0.51%	0.25%	0.25%
GRMN	D	0.09%	0.06%	0.06%
HD	A	1.22%	1.19%	1.19%
HPE	B	2.06%	0.13%	0.13%
HSY	D	-0.26%	0.08%	-0.26%
IBM	A	1.43%	0.98%	0.98%
INTC	D	-0.8%	0.49%	-0.8%
J	F	0.32%	0.09%	0.09%
JNJ	D	0.91%	1.86%	0.91%
JPM	C	0.59%	2.85%	0.59%
KMB	D	0.16%	0.23%	0.16%
KR	C	0.16%	0.18%	0.16%
LDOS	A	0.45%	0.1%	0.1%
LKQ	F	-0.19%	0.05%	-0.19%
LMT	A	0.54%	0.59%	0.54%
LUV	B	-0.18%	0.09%	-0.18%
LW	D	-0.28%	0.02%	-0.28%
MCHP	F	-0.52%	0.08%	-0.52%
MDT	C	0.46%	0.55%	0.46%
MET	A	0.56%	0.23%	0.23%
MKTX	B	-0.34%	0.05%	-0.34%
MNST	D	-0.31%	0.07%	-0.31%
MO	D	0.76%	0.42%	0.42%
MPC	D	0.44%	0.12%	0.12%
MRK	F	0.5%	0.82%	0.5%
MRNA	F	-0.3%	0.1%	-0.3%
MRO	B	0.0%	0.03%	0.0%
MSCI	B	-0.21%	0.09%	-0.21%
MU	D	1.05%	0.58%	0.58%
NDAQ	C	-0.35%	0.14%	-0.35%
NEE	C	0.54%	0.82%	0.54%
NEM	C	0.52%	0.3%	0.3%
NRG	A	0.69%	0.09%	0.09%
NTAP	D	1.74%	0.08%	0.08%
NTRS	B	0.89%	0.09%	0.09%
OKE	A	-0.17%	0.09%	-0.17%
ON	F	-0.34%	0.08%	-0.34%
PG	D	0.7%	1.19%	0.7%
PGR	B	0.47%	0.35%	0.35%
PNC	C	0.59%	0.35%	0.35%
PNW	C	0.48%	0.05%	0.05%
POOL	D	-0.56%	0.03%	-0.56%
PSA	C	-0.3%	0.16%	-0.3%
PYPL	A	1.07%	0.39%	0.39%
QCOM	D	2.56%	0.44%	0.44%
RF	B	0.59%	0.1%	0.1%
RTX	A	0.54%	0.77%	0.54%
SBUX	B	-0.11%	0.22%	-0.11%
SJM	D	-0.12%	0.06%	-0.12%
SPG	A	0.4%	0.15%	0.15%
SRE	C	-0.31%	0.25%	-0.31%
SW	C	-0.24%	0.12%	-0.24%
SYF	A	0.94%	0.09%	0.09%
T	B	1.01%	0.74%	0.74%
TFC	D	-0.19%	0.27%	-0.19%
TSN	D	0.53%	0.08%	0.08%
TTWO	D	-0.47%	0.06%	-0.47%
TXN	C	-0.85%	0.58%	-0.85%
UHS	D	0.78%	0.07%	0.07%
UNP	F	0.57%	0.39%	0.39%
VLO	F	0.77%	0.21%	0.21%
VMC	D	-0.11%	0.06%	-0.11%
VTRS	D	0.0%	0.07%	0.0%
WBD	F	-0.42%	0.09%	-0.42%
WDC	C	-0.8%	0.11%	-0.8%
WFC	B	0.58%	0.92%	0.58%
WMT	A	1.94%	1.66%	1.66%
WY	C	-0.16%	0.12%	-0.16%
XOM	A	0.59%	2.4%	0.59%
XYL	C	-0.22%	0.16%	-0.22%
ZBRA	B	-0.39%	0.09%	-0.39%

CLSE Overweight 220 Positions Relative to SPYV

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%
ANET	A	1.93%
CVNA	A	1.82%
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%
MSFT	D	1.01%
AMG	B	1.0%
SNEX	B	1.0%
JHG	A	0.97%
NTNX	C	0.95%
AVT	B	0.95%
HALO	D	0.94%
THC	D	0.86%
EME	B	0.86%
AMRX	B	0.83%
OGN	F	0.83%
MLI	B	0.78%
SEIC	B	0.77%
PPC	C	0.77%
BFH	D	0.74%
TSLA	C	0.74%
FTDR	B	0.73%
JXN	A	0.71%
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%
PATK	A	0.61%
MWA	A	0.58%
SLVM	C	0.58%
MTZ	A	0.57%
VST	A	0.56%
PRIM	A	0.56%
MATX	C	0.56%
REZI	D	0.55%
AVA	D	0.55%
STRL	B	0.52%
OSCR	C	0.52%
RGA	B	0.52%
EXPE	B	0.5%
CNA	D	0.47%
ATGE	D	0.47%
KLAC	B	0.47%
LNTH	C	0.46%
EXP	C	0.44%
CACI	A	0.44%
SCCO	B	0.44%
VRT	B	0.42%
RGLD	C	0.41%
ACT	B	0.39%
EEFT	F	0.39%
MUSA	D	0.38%
LAMR	C	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%
STAG	D	0.32%
ABM	D	0.32%
NFLX	A	0.31%
SM	D	0.31%
NVR	C	0.31%
BCO	C	0.31%
OUT	C	0.27%
BKNG	B	0.26%
ALNY	C	0.25%
JLL	C	0.25%
ASPN	C	0.25%
ANF	D	0.24%
CPNG	C	0.18%
NTRA	A	0.15%
SPOT	C	0.14%
QQQ	B	0.0%
ADUS	D	0.0%
MHO	C	0.0%
KNF	B	0.0%
HRB	C	0.0%
JOBY	C	-0.04%
CAR	D	-0.06%
PENN	D	-0.07%
PGNY	F	-0.08%
MCW	F	-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%
HHH	C	-0.11%
ACVA	C	-0.11%
ALIT	D	-0.12%
JBLU	B	-0.13%
RBLX	D	-0.13%
PCH	C	-0.14%
PPBI	D	-0.14%
MTN	D	-0.14%
MKL	B	-0.15%
KRG	C	-0.15%
COLD	D	-0.15%
AA	B	-0.15%
BIRK	F	-0.15%
PYCR	D	-0.15%
WAL	C	-0.16%
THO	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%
CHK	C	-0.18%
NTLA	F	-0.18%
TXG	F	-0.18%
VNO	B	-0.18%
HI	F	-0.18%
TTD	A	-0.19%
PNFP	B	-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%
IRTC	F	-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%
FCNCA	D	-0.22%
WTM	C	-0.22%
UEC	C	-0.22%
ARWR	F	-0.22%
KLIC	D	-0.23%
RNR	A	-0.24%
SUM	F	-0.24%
BIO	B	-0.24%
AEIS	B	-0.25%
CNX	A	-0.26%
AL	D	-0.26%
SITE	D	-0.27%
PEN	D	-0.27%
ROIV	D	-0.27%
GMED	B	-0.28%
CELH	F	-0.29%
NEOG	F	-0.3%
PTEN	F	-0.3%
GT	F	-0.3%
APLS	F	-0.31%
VVV	D	-0.31%
EVTC	D	-0.32%
INSP	C	-0.32%
AUR	C	-0.34%
MARA	F	-0.34%
AFRM	C	-0.35%
BRZE	F	-0.36%
APO	A	-0.36%
LPLA	D	-0.37%
FOUR	A	-0.37%
EXAS	C	-0.38%
LYV	A	-0.38%
RIVN	F	-0.38%
ADBE	F	-0.39%
RIOT	F	-0.39%
PATH	D	-0.4%
CYTK	D	-0.41%
SATS	C	-0.43%
BBIO	F	-0.43%
ZI	F	-0.44%
MDB	D	-0.44%
GLOB	D	-0.45%
CGNX	F	-0.45%
CCOI	B	-0.45%
DV	F	-0.46%
CASY	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%
FND	C	-0.64%
GFS	F	-0.67%
LITE	A	-0.79%
LSCC	D	-0.81%

CLSE Underweight 320 Positions Relative to SPYV

Symbol	Grade	Weight
BRK.A	B	-3.98%
UNH	B	-1.57%
COST	C	-1.11%
CSCO	A	-1.02%
ABT	C	-0.94%
VZ	C	-0.9%
DHR	D	-0.85%
DIS	D	-0.83%
KO	C	-0.81%
PFE	D	-0.79%
CMCSA	B	-0.76%
GS	B	-0.75%
V	B	-0.74%
LOW	C	-0.72%
PEP	F	-0.71%
TMO	D	-0.7%
HON	C	-0.64%
BLK	A	-0.63%
MS	A	-0.62%
ELV	F	-0.58%
MCD	A	-0.58%
PM	D	-0.57%
PLD	D	-0.55%
MA	A	-0.54%
LIN	C	-0.53%
CB	A	-0.52%
ACN	B	-0.49%
TMUS	A	-0.48%
SO	A	-0.47%
UPS	D	-0.47%
SCHW	D	-0.46%
CI	D	-0.46%
SPGI	C	-0.44%
DUK	C	-0.43%
ICE	A	-0.43%
MMM	C	-0.37%
GD	C	-0.37%
TGT	C	-0.35%
WELL	C	-0.35%
USB	C	-0.34%
NOC	B	-0.34%
ADP	A	-0.33%
BDX	C	-0.33%
AMT	D	-0.31%
MCK	F	-0.3%
EMR	B	-0.3%
FDX	F	-0.29%
NKE	D	-0.29%
MDLZ	D	-0.28%
SLB	D	-0.28%
ISRG	C	-0.28%
AFL	A	-0.27%
COF	A	-0.27%
AEP	C	-0.26%
TRV	B	-0.26%
O	C	-0.26%
PSX	D	-0.26%
BSX	A	-0.26%
NSC	C	-0.26%
CL	D	-0.25%
BK	A	-0.25%
MMC	D	-0.25%
ALL	A	-0.24%
CCI	D	-0.24%
ETN	B	-0.24%
CME	A	-0.24%
JCI	C	-0.24%
AIG	C	-0.23%
ADI	B	-0.23%
FI	A	-0.23%
AXP	A	-0.22%
FIS	A	-0.22%
DE	C	-0.22%
TJX	D	-0.22%
PRU	B	-0.21%
VRTX	D	-0.21%
PEG	A	-0.21%
LHX	A	-0.21%
REGN	D	-0.21%
CEG	A	-0.21%
EQIX	C	-0.21%
KVUE	C	-0.21%
CMI	A	-0.21%
SHW	C	-0.21%
SYK	C	-0.21%
GIS	C	-0.2%
F	D	-0.2%
KMI	A	-0.2%
PCG	C	-0.2%
A	B	-0.2%
HCA	C	-0.19%
GEV	A	-0.19%
GEHC	C	-0.19%
MCO	D	-0.19%
KDP	C	-0.19%
ZTS	C	-0.19%
WM	B	-0.19%
EXC	C	-0.19%
STZ	D	-0.19%
CTVA	A	-0.19%
COP	D	-0.18%
AON	A	-0.18%
CBRE	C	-0.18%
DD	C	-0.18%
HUM	F	-0.18%
ITW	C	-0.18%
CTSH	B	-0.18%
SYY	D	-0.18%
DOW	B	-0.18%
BKR	B	-0.17%
APH	D	-0.17%
CARR	A	-0.17%
XEL	C	-0.17%
RMD	C	-0.17%
ED	C	-0.17%
HPQ	B	-0.17%
CSX	D	-0.16%
EIX	C	-0.16%
WMB	A	-0.16%
OXY	D	-0.16%
ROP	D	-0.16%
HIG	A	-0.16%
VICI	C	-0.16%
KHC	F	-0.15%
BX	C	-0.15%
EBAY	A	-0.15%
PPG	D	-0.15%
MSI	A	-0.15%
ECL	C	-0.15%
CTAS	C	-0.15%
WAB	A	-0.15%
AVB	C	-0.15%
ADSK	B	-0.14%
ADM	F	-0.14%
ABNB	D	-0.14%
MTB	A	-0.14%
DLR	C	-0.14%
WTW	C	-0.14%
WEC	B	-0.14%
STT	A	-0.13%
VTR	C	-0.13%
DOV	C	-0.13%
IFF	D	-0.13%
TT	A	-0.13%
FSLR	C	-0.13%
VLTO	A	-0.13%
ETR	A	-0.13%
TEL	D	-0.13%
KEYS	B	-0.13%
AWK	D	-0.13%
BIIB	F	-0.13%
TROW	D	-0.12%
HAL	D	-0.12%
GPN	F	-0.12%
LYB	B	-0.12%
OTIS	A	-0.12%
IQV	F	-0.12%
PAYX	B	-0.12%
DTE	B	-0.12%
FE	C	-0.11%
TER	C	-0.11%
RJF	B	-0.11%
AEE	A	-0.11%
EOG	B	-0.11%
ES	D	-0.11%
PPL	C	-0.11%
INVH	D	-0.1%
CLX	C	-0.1%
OMC	C	-0.1%
BALL	C	-0.1%
TDY	A	-0.1%
FAST	C	-0.1%
AME	C	-0.1%
CMS	A	-0.1%
YUM	C	-0.1%
MKC	C	-0.1%
HBAN	B	-0.1%
ATO	A	-0.1%
AMP	A	-0.1%
K	B	-0.1%
EFX	D	-0.1%
ZBH	F	-0.1%
TSCO	A	-0.09%
AVY	D	-0.09%
PH	A	-0.09%
ORLY	A	-0.09%
PFG	A	-0.09%
IDXX	D	-0.09%
MAA	D	-0.09%
HOLX	D	-0.09%
CNP	B	-0.09%
ARE	D	-0.09%
ESS	D	-0.09%
DG	F	-0.09%
PKG	B	-0.09%
APTV	D	-0.09%
EA	D	-0.09%
UAL	A	-0.09%
LEN	C	-0.09%
MTD	C	-0.09%
BBY	C	-0.09%
GPC	D	-0.09%
BAX	D	-0.09%
DOC	C	-0.08%
SWKS	F	-0.08%
ROK	D	-0.08%
DFS	A	-0.08%
IEX	D	-0.08%
TXT	F	-0.08%
AMCR	C	-0.08%
CHTR	D	-0.08%
SWK	C	-0.08%
EG	A	-0.08%
IRM	B	-0.08%
AZO	D	-0.08%
VRSK	D	-0.08%
HWM	A	-0.08%
WRB	C	-0.08%
IP	C	-0.08%
DGX	D	-0.08%
CSGP	F	-0.08%
RSG	D	-0.08%
CDW	D	-0.08%
UDR	C	-0.07%
CHD	D	-0.07%
STX	C	-0.07%
PCAR	D	-0.07%
JBHT	D	-0.07%
EVRG	C	-0.07%
NDSN	C	-0.07%
L	C	-0.07%
DAL	C	-0.07%
TRMB	B	-0.07%
SBAC	C	-0.07%
NI	A	-0.07%
KIM	C	-0.07%
KEY	B	-0.07%
LNT	B	-0.07%
NXPI	F	-0.07%
CAG	D	-0.07%
TFX	C	-0.06%
GWW	B	-0.06%
BXP	B	-0.06%
REG	C	-0.06%
IPG	D	-0.06%
ANSS	D	-0.06%
KMX	F	-0.06%
TECH	D	-0.06%
HUBB	A	-0.06%
JKHY	A	-0.06%
JNPR	C	-0.06%
FFIV	B	-0.06%
NUE	D	-0.06%
CPT	C	-0.06%
EMN	C	-0.06%
WAT	B	-0.06%
PWR	A	-0.06%
FOXA	B	-0.05%
DRI	C	-0.05%
MTCH	B	-0.05%
CPB	D	-0.05%
TAP	D	-0.05%
GL	C	-0.05%
QRVO	F	-0.05%
NWSA	D	-0.05%
PODD	C	-0.05%
STE	D	-0.05%
HII	F	-0.05%
CRL	F	-0.05%
INCY	B	-0.05%
AIZ	B	-0.05%
BR	B	-0.05%
TPR	B	-0.05%
CTLT	A	-0.05%
MLM	F	-0.05%
EXPD	D	-0.05%
CBOE	B	-0.04%
ALLE	A	-0.04%
ALGN	D	-0.04%
IVZ	A	-0.04%
AKAM	D	-0.04%
ROL	C	-0.04%
VRSN	C	-0.04%
BWA	C	-0.04%
MOH	F	-0.04%
MHK	C	-0.04%
FMC	C	-0.04%
MAS	C	-0.04%
SNA	C	-0.04%
MOS	F	-0.04%
FRT	D	-0.04%
PTC	B	-0.04%
HSIC	D	-0.04%
IR	A	-0.04%
DPZ	D	-0.04%
HRL	F	-0.04%
SOLV	C	-0.04%
HAS	A	-0.04%
BRO	A	-0.03%
ERIE	A	-0.03%
CTRA	D	-0.03%
WBA	F	-0.03%
BEN	F	-0.03%
PARA	F	-0.03%
JBL	C	-0.03%
STLD	C	-0.03%
ULTA	D	-0.03%
LVS	B	-0.03%
EPAM	F	-0.03%
CF	A	-0.03%
BBWI	F	-0.03%
NWS	D	-0.02%
RL	B	-0.02%
GNRC	B	-0.02%
AOS	C	-0.02%
PAYC	D	-0.02%
PNR	C	-0.02%
FOX	B	-0.02%
HST	D	-0.02%
MGM	D	-0.01%