CLSE vs. VCLT ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Vanguard Long-Term Corporate Bond ETF (VCLT)

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

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.93

Average Daily Volume

2,556,246

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	VCLT
30 Days	5.51%	0.06%
60 Days	11.19%	2.12%
90 Days	4.00%	5.30%
12 Months	39.98%	20.46%

84 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in VCLT	Overlap
AAPL	C	1.95%	0.04%	0.04%
ABBV	C	1.02%	0.03%	0.03%
AES	C	-0.08%	0.01%	-0.08%
AJG	C	-0.19%	0.02%	-0.19%
ALB	D	-0.27%	0.01%	-0.27%
AMGN	D	0.28%	0.01%	0.01%
AMZN	C	2.37%	0.05%	0.05%
APD	C	-0.2%	0.03%	-0.2%
AVA	D	0.55%	0.01%	0.01%
AVGO	B	2.7%	0.04%	0.04%
BA	F	-0.37%	0.01%	-0.37%
BAC	B	0.8%	0.02%	0.02%
BMY	A	0.92%	0.03%	0.03%
C	B	-0.26%	0.01%	-0.26%
CACC	F	-0.2%	0.01%	-0.2%
CAH	B	0.58%	0.01%	0.01%
CAT	A	0.36%	0.01%	0.01%
CFG	C	0.39%	0.03%	0.03%
CINF	A	-0.19%	0.02%	-0.19%
CVS	D	0.19%	0.01%	0.01%
CVX	B	0.45%	0.02%	0.02%
D	A	-0.29%	0.01%	-0.29%
DELL	C	-0.6%	0.11%	-0.6%
DVN	F	0.55%	0.03%	0.03%
EL	D	-0.23%	0.01%	-0.23%
EQR	C	0.41%	0.01%	0.01%
EXR	D	-0.15%	0.01%	-0.15%
FITB	C	0.61%	0.07%	0.07%
GE	B	-0.29%	0.02%	-0.29%
GILD	A	0.91%	0.02%	0.02%
GLW	C	0.28%	0.01%	0.01%
GM	D	0.51%	0.01%	0.01%
GOOGL	B	3.08%	0.04%	0.04%
HD	A	1.22%	0.01%	0.01%
HPE	B	2.06%	0.04%	0.04%
HSY	D	-0.26%	0.01%	-0.26%
IBM	A	1.43%	0.02%	0.02%
INTC	D	-0.8%	0.03%	-0.8%
JBLU	B	-0.13%	0.01%	-0.13%
JNJ	D	0.91%	0.02%	0.02%
JPM	C	0.59%	0.01%	0.01%
KLAC	B	0.47%	0.02%	0.02%
KMB	D	0.16%	0.01%	0.01%
KR	C	0.16%	0.01%	0.01%
LMT	A	0.54%	0.01%	0.01%
MDT	C	0.46%	0.08%	0.08%
MET	A	0.56%	0.02%	0.02%
MKL	B	-0.15%	0.01%	-0.15%
MO	D	0.76%	0.01%	0.01%
MPC	D	0.44%	0.02%	0.02%
MRK	F	0.5%	0.01%	0.01%
MRO	B	0.0%	0.01%	0.0%
MSFT	D	1.01%	0.01%	0.01%
NDAQ	C	-0.35%	0.02%	-0.35%
NEE	C	0.54%	0.01%	0.01%
NEM	C	0.52%	0.04%	0.04%
NVDA	B	3.84%	0.03%	0.03%
OKE	A	-0.17%	0.01%	-0.17%
ORCL	A	1.46%	0.04%	0.04%
PG	D	0.7%	0.01%	0.01%
PGR	B	0.47%	0.01%	0.01%
PNW	C	0.48%	0.01%	0.01%
PYPL	A	1.07%	0.03%	0.03%
QCOM	D	2.56%	0.02%	0.02%
RF	B	0.59%	0.01%	0.01%
RTX	A	0.54%	0.02%	0.02%
SBUX	B	-0.11%	0.01%	-0.11%
SCCO	B	0.44%	0.05%	0.05%
SJM	D	-0.12%	0.01%	-0.12%
SPG	A	0.4%	0.01%	0.01%
SRE	C	-0.31%	0.01%	-0.31%
T	B	1.01%	0.01%	0.01%
TSN	D	0.53%	0.02%	0.02%
TXN	C	-0.85%	0.02%	-0.85%
UNP	F	0.57%	0.01%	0.01%
VLO	F	0.77%	0.03%	0.03%
VMC	D	-0.11%	0.01%	-0.11%
VTRS	D	0.0%	0.03%	0.0%
WFC	B	0.58%	0.01%	0.01%
WMT	A	1.94%	0.02%	0.02%
WTRG	D	-0.16%	0.02%	-0.16%
WY	C	-0.16%	0.07%	-0.16%
XOM	A	0.59%	0.02%	0.02%
XYL	C	-0.22%	0.02%	-0.22%

CLSE Overweight 247 Positions Relative to VCLT

Symbol	Grade	Weight
META	A	3.31%
ANET	A	1.93%
CVNA	A	1.82%
NTAP	D	1.74%
CVLT	B	1.65%
APP	A	1.45%
GDDY	B	1.41%
DOCU	A	1.4%
GOOG	B	1.26%
IDCC	A	1.17%
ACIW	A	1.16%
MU	D	1.05%
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%
NTRS	B	0.89%
THC	D	0.86%
EME	B	0.86%
DVA	C	0.83%
AMRX	B	0.83%
OGN	F	0.83%
MLI	B	0.78%
UHS	D	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%
CNC	F	0.7%
NRG	A	0.69%
BG	F	0.69%
COR	F	0.68%
IIPR	C	0.67%
CHRW	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%
PNC	C	0.59%
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%
STRL	B	0.52%
OSCR	C	0.52%
RGA	B	0.52%
EXPE	B	0.5%
CNA	D	0.47%
ATGE	D	0.47%
LNTH	C	0.46%
LDOS	A	0.45%
EXP	C	0.44%
CACI	A	0.44%
VRT	B	0.42%
RGLD	C	0.41%
ACT	B	0.39%
EEFT	F	0.39%
FCX	B	0.38%
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%
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%
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%
NTRA	A	0.15%
SPOT	C	0.14%
GRMN	D	0.09%
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%
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%
HHH	C	-0.11%
ACVA	C	-0.11%
ALIT	D	-0.12%
RBLX	D	-0.13%
PCH	C	-0.14%
PPBI	D	-0.14%
MTN	D	-0.14%
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%
CC	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%
PNFP	B	-0.19%
LKQ	F	-0.19%
XPO	F	-0.19%
CGON	C	-0.19%
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%
FCNCA	D	-0.22%
WTM	C	-0.22%
UEC	C	-0.22%
ARWR	F	-0.22%
DXCM	F	-0.23%
KLIC	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%
EQT	C	-0.27%
SITE	D	-0.27%
PEN	D	-0.27%
ROIV	D	-0.27%
GMED	B	-0.28%
LW	D	-0.28%
CELH	F	-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%
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%
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%
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%
MCHP	F	-0.52%
FIVE	D	-0.52%
FIVN	F	-0.53%
U	D	-0.53%
RH	C	-0.54%
POOL	D	-0.56%
FND	C	-0.64%
GFS	F	-0.67%
LITE	A	-0.79%
WDC	C	-0.8%
LSCC	D	-0.81%

CLSE Underweight 255 Positions Relative to VCLT

Symbol	Grade	Weight
WIT	C	-0.21%
EQH	B	-0.09%
FOXA	B	-0.07%
DD	C	-0.07%
CSCO	A	-0.07%
AXP	A	-0.06%
COST	C	-0.06%
HPQ	B	-0.06%
HCA	C	-0.06%
CARR	A	-0.06%
CAG	D	-0.05%
BIIB	F	-0.05%
TAP	D	-0.05%
CRM	B	-0.05%
MS	A	-0.05%
L	C	-0.04%
WBA	F	-0.04%
LIN	C	-0.04%
NXPI	F	-0.04%
DT	B	-0.04%
BHF	D	-0.04%
TJX	D	-0.04%
GPN	F	-0.04%
JNPR	C	-0.04%
BHP	B	-0.04%
ORI	A	-0.03%
FTV	C	-0.03%
FANG	D	-0.03%
AAL	D	-0.03%
STE	D	-0.03%
WU	D	-0.03%
WRK	C	-0.03%
WM	B	-0.03%
NOV	F	-0.03%
MLM	F	-0.03%
OHI	C	-0.03%
LH	D	-0.03%
LEA	F	-0.03%
DG	F	-0.03%
CPT	C	-0.03%
PKG	B	-0.03%
RPM	A	-0.03%
SPGI	C	-0.03%
CME	A	-0.03%
CF	A	-0.03%
RPRX	D	-0.03%
AMT	D	-0.03%
AMAT	C	-0.03%
EBAY	A	-0.03%
MDLZ	D	-0.03%
MAR	A	-0.03%
ITW	C	-0.03%
CB	A	-0.03%
RJF	B	-0.03%
MUFG	D	-0.03%
PSX	D	-0.03%
MPLX	B	-0.03%
ALLY	F	-0.03%
TMUS	A	-0.03%
CHTR	D	-0.03%
ABT	C	-0.03%
WPC	C	-0.02%
PWR	A	-0.02%
PECO	C	-0.02%
SCHW	D	-0.02%
REGN	D	-0.02%
CHD	D	-0.02%
ZBH	F	-0.02%
STLD	C	-0.02%
FE	C	-0.02%
FMC	C	-0.02%
BAX	D	-0.02%
CMI	A	-0.02%
CL	D	-0.02%
OGS	C	-0.02%
LHX	A	-0.02%
O	C	-0.02%
IVZ	A	-0.02%
HRL	F	-0.02%
HOG	D	-0.02%
SBRA	C	-0.02%
TEL	D	-0.02%
AFG	A	-0.02%
CPB	D	-0.02%
VMI	B	-0.02%
WHR	C	-0.02%
AVY	D	-0.02%
KSS	D	-0.02%
MKC	C	-0.02%
NWE	C	-0.02%
MSI	A	-0.02%
K	B	-0.02%
PAA	B	-0.02%
LRCX	D	-0.02%
GWW	B	-0.02%
EMN	C	-0.02%
ADI	B	-0.02%
ROK	D	-0.02%
PH	A	-0.02%
SYK	C	-0.02%
MOS	F	-0.02%
LNC	B	-0.02%
FIS	A	-0.02%
VRSK	D	-0.02%
EG	A	-0.02%
ES	D	-0.02%
STZ	D	-0.02%
OTIS	A	-0.02%
MCO	D	-0.02%
AFL	A	-0.02%
CCI	D	-0.02%
CP	C	-0.02%
NI	A	-0.02%
SWK	C	-0.02%
DHR	D	-0.02%
DE	C	-0.02%
TGT	C	-0.02%
HES	D	-0.02%
DOW	B	-0.02%
UPS	D	-0.02%
ECL	C	-0.02%
HAL	D	-0.02%
EPD	A	-0.02%
PEP	F	-0.02%
ICE	A	-0.02%
PM	D	-0.02%
MA	A	-0.02%
NOC	B	-0.02%
CI	D	-0.02%
COP	D	-0.02%
PFE	D	-0.02%
AZN	D	-0.02%
HSBC	A	-0.02%
VOD	D	-0.02%
GSK	F	-0.02%
V	B	-0.02%
HIW	C	-0.01%
FRT	D	-0.01%
AGO	B	-0.01%
AMH	D	-0.01%
BXP	B	-0.01%
BWA	C	-0.01%
APTV	D	-0.01%
DRI	C	-0.01%
INGR	B	-0.01%
IDA	D	-0.01%
EMR	B	-0.01%
MAA	D	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
JD	A	-0.01%
SIGI	D	-0.01%
EA	D	-0.01%
DOC	C	-0.01%
ADC	C	-0.01%
BEN	F	-0.01%
FNF	C	-0.01%
PHM	C	-0.01%
PFG	A	-0.01%
PEG	A	-0.01%
VTR	C	-0.01%
OGE	C	-0.01%
ESS	D	-0.01%
MAS	C	-0.01%
REG	C	-0.01%
EE	B	-0.01%
BKH	C	-0.01%
SWX	C	-0.01%
VOYA	A	-0.01%
SNA	C	-0.01%
DOV	C	-0.01%
KRC	C	-0.01%
EQIX	C	-0.01%
KIM	C	-0.01%
UDR	C	-0.01%
TT	A	-0.01%
UAL	A	-0.01%
IPG	D	-0.01%
KOF	D	-0.01%
EOG	B	-0.01%
WELL	C	-0.01%
WRB	C	-0.01%
PLD	D	-0.01%
RSG	D	-0.01%
DTE	B	-0.01%
HIG	A	-0.01%
JEF	A	-0.01%
IFF	D	-0.01%
HAS	A	-0.01%
EVRG	C	-0.01%
ETN	B	-0.01%
AWK	D	-0.01%
AVB	C	-0.01%
UNM	A	-0.01%
WEC	B	-0.01%
ATO	A	-0.01%
AEP	C	-0.01%
AEE	A	-0.01%
AON	A	-0.01%
ZTS	C	-0.01%
NNN	C	-0.01%
NUE	D	-0.01%
KDP	C	-0.01%
HUM	F	-0.01%
EXC	C	-0.01%
CNP	B	-0.01%
CMS	A	-0.01%
LNT	B	-0.01%
OC	C	-0.01%
ACGL	A	-0.01%
XEL	C	-0.01%
WLK	C	-0.01%
PPL	C	-0.01%
JCI	C	-0.01%
ALL	A	-0.01%
TRV	B	-0.01%
TMO	D	-0.01%
MMC	D	-0.01%
LLY	D	-0.01%
HON	C	-0.01%
FDX	F	-0.01%
CSX	D	-0.01%
EIX	C	-0.01%
ED	C	-0.01%
ETR	A	-0.01%
ADM	F	-0.01%
ARE	D	-0.01%
PRU	B	-0.01%
IP	C	-0.01%
GIS	C	-0.01%
KMI	A	-0.01%
GD	C	-0.01%
WMB	A	-0.01%
SHW	C	-0.01%
LYB	B	-0.01%
DUK	C	-0.01%
NSC	C	-0.01%
LOW	C	-0.01%
BSX	A	-0.01%
AIG	C	-0.01%
ET	A	-0.01%
SO	A	-0.01%
SYY	D	-0.01%
MMM	C	-0.01%
NKE	D	-0.01%
MCD	A	-0.01%
UNH	B	-0.01%
DIS	D	-0.01%
BABA	A	-0.01%
BDX	C	-0.01%
PCG	C	-0.01%
KO	C	-0.01%
CMCSA	B	-0.01%
VZ	C	-0.01%
GS	B	-0.01%