CLSE vs. XT ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to iShares Exponential Technologies ETF (XT)

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

$23.61

Average Daily Volume

63,574

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

XT

iShares Exponential Technologies ETF

XT Description

The investment seeks to track the investment results of the Morningstar® Exponential Technologies Index which composed of stocks of developed and emerging market companies that create or use exponential technologies. The fund generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a subset of the Morningstar US Market Index and the Morningstar Global Markets ex-US Index family (the "Parent Indexes"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.17

Average Daily Volume

108,750

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	XT
30 Days	4.15%	-0.43%
60 Days	9.66%	2.57%
90 Days	10.02%	2.12%
12 Months	40.83%	11.99%

38 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in XT	Overlap
ABBV	F	1.03%	0.64%	0.64%
ALB	C	-0.16%	0.4%	-0.16%
ALNY	D	0.71%	0.74%	0.71%
AMZN	A	2.42%	0.67%	0.67%
ANET	C	1.92%	0.87%	0.87%
AVGO	C	2.43%	0.95%	0.95%
BMY	B	1.28%	0.51%	0.51%
CCOI	C	-0.36%	0.58%	-0.36%
DOCU	B	1.34%	0.78%	0.78%
ENPH	F	-0.12%	0.29%	-0.12%
ESTC	C	-0.29%	0.36%	-0.29%
FIVN	C	-0.58%	0.21%	-0.58%
FSLR	F	-1.21%	0.62%	-1.21%
GOOGL	C	3.45%	0.63%	0.63%
GTLS	B	-0.15%	0.64%	-0.15%
HPE	B	1.96%	0.65%	0.65%
IBM	D	0.62%	0.62%	0.62%
ILMN	C	0.1%	0.62%	0.1%
INCY	B	0.07%	0.7%	0.07%
INTC	C	-0.99%	0.3%	-0.99%
LRCX	F	0.0%	0.52%	0.0%
MCHP	F	-0.48%	0.41%	-0.48%
MDB	C	-0.3%	0.35%	-0.3%
MKTX	C	-0.3%	0.49%	-0.3%
MPWR	F	0.62%	0.64%	0.62%
MRK	F	0.15%	0.45%	0.15%
MRNA	F	-0.46%	0.27%	-0.46%
MU	D	2.37%	0.71%	0.71%
NVDA	A	4.52%	1.51%	1.51%
ON	F	-0.41%	0.45%	-0.41%
PLTR	B	0.9%	1.59%	0.9%
QCOM	F	1.78%	0.61%	0.61%
SEIC	A	0.89%	0.63%	0.63%
SOFI	B	-0.27%	0.77%	-0.27%
TEAM	B	-0.26%	0.59%	-0.26%
TSLA	B	1.04%	0.63%	0.63%
TXN	B	-0.87%	0.66%	-0.87%
WDC	D	-0.73%	0.7%	-0.73%

CLSE Overweight 299 Positions Relative to XT

Symbol	Grade	Weight
META	B	3.33%
APP	B	2.93%
CVNA	B	1.88%
WMT	A	1.81%
IDCC	B	1.51%
ACIW	B	1.49%
CVLT	B	1.49%
GDDY	B	1.41%
ORCL	A	1.33%
NTAP	D	1.21%
JHG	A	1.16%
PYPL	A	1.14%
NTNX	B	1.13%
HD	B	1.12%
AAPL	C	1.12%
GILD	B	1.11%
SYF	B	1.08%
NTRS	A	1.06%
SNEX	B	1.06%
HALO	C	1.0%
LNG	B	0.93%
BFH	B	0.91%
AMG	B	0.9%
PPC	C	0.9%
AMRX	B	0.87%
MLI	B	0.87%
JNJ	D	0.84%
GVA	B	0.84%
IESC	B	0.82%
PRIM	B	0.82%
GM	B	0.82%
CARG	B	0.79%
THC	B	0.78%
BAC	A	0.78%
MO	A	0.76%
CAH	B	0.76%
EME	B	0.76%
NFLX	A	0.75%
DVA	C	0.75%
FITB	A	0.75%
COR	B	0.75%
NRG	C	0.74%
STRL	B	0.74%
CPNG	B	0.73%
WFC	A	0.72%
UHS	D	0.71%
CEIX	B	0.71%
AVT	C	0.7%
VRT	B	0.7%
MWA	B	0.68%
ZION	B	0.68%
RF	A	0.67%
MTZ	B	0.67%
PNC	B	0.67%
APH	B	0.67%
ALSN	B	0.66%
UMBF	B	0.65%
LDOS	C	0.64%
JXN	C	0.62%
JPM	A	0.62%
FTDR	B	0.61%
EXPE	B	0.6%
YOU	D	0.6%
FTI	B	0.59%
FLR	C	0.58%
CHRW	A	0.58%
SLVM	C	0.57%
TMUS	A	0.56%
XOM	B	0.56%
TSN	B	0.55%
CACI	C	0.55%
UNP	D	0.53%
RGA	A	0.53%
T	A	0.53%
VST	B	0.52%
MET	C	0.51%
GOOG	C	0.49%
EXP	B	0.48%
PNW	A	0.48%
VLO	C	0.47%
AVA	C	0.46%
PGR	A	0.46%
MPC	D	0.45%
ALL	B	0.45%
CNA	C	0.44%
GLW	B	0.44%
FFIV	B	0.44%
PG	C	0.44%
SCCO	F	0.43%
RMD	C	0.43%
PM	B	0.42%
LPX	A	0.42%
CTRE	C	0.42%
UI	B	0.38%
SPG	A	0.37%
R	B	0.37%
BKNG	A	0.37%
CF	B	0.36%
SR	C	0.36%
J	D	0.35%
DUOL	A	0.34%
OUT	B	0.34%
PTON	C	0.34%
RGLD	C	0.34%
CCL	B	0.34%
EQR	C	0.34%
NEM	F	0.32%
LAMR	D	0.31%
CNC	F	0.31%
MDT	D	0.3%
CVS	F	0.29%
IIPR	F	0.29%
ATGE	C	0.29%
IBP	F	0.26%
NVR	D	0.25%
TOL	B	0.23%
MATX	B	0.22%
EEFT	C	0.22%
JLL	C	0.2%
MUSA	B	0.2%
ABM	B	0.19%
KR	A	0.17%
BAH	C	0.17%
SQ	B	0.15%
NSA	D	0.15%
FN	C	0.14%
EXPD	C	0.14%
GRMN	A	0.13%
VCYT	B	0.12%
CINF	A	0.12%
PRU	B	0.12%
SEE	C	0.11%
ANF	C	0.11%
NTRA	B	0.1%
UTHR	B	0.08%
AEIS	B	0.07%
HQY	B	0.07%
LNTH	F	0.05%
QQQ	A	0.0%
PATK	C	0.0%
SO	D	0.0%
HGV	B	-0.06%
EXAS	F	-0.07%
RYN	F	-0.07%
CCS	F	-0.07%
HUN	F	-0.08%
AES	F	-0.08%
VMC	B	-0.08%
FLYW	B	-0.08%
GNTX	C	-0.09%
BC	D	-0.09%
JOE	F	-0.09%
FL	F	-0.09%
APD	B	-0.1%
ABG	B	-0.1%
REXR	F	-0.1%
PENN	B	-0.1%
NSC	B	-0.11%
MCW	C	-0.11%
DLR	C	-0.11%
ALIT	C	-0.12%
EL	F	-0.12%
PCH	F	-0.12%
ACVA	B	-0.12%
EQIX	B	-0.12%
MKL	A	-0.13%
BECN	B	-0.13%
PYCR	B	-0.14%
BPOP	C	-0.14%
AGO	B	-0.14%
EXR	D	-0.14%
MLM	B	-0.14%
CC	C	-0.15%
AA	C	-0.15%
JBLU	C	-0.15%
AGCO	F	-0.15%
DAY	B	-0.15%
AVAV	C	-0.15%
DRVN	A	-0.15%
MTN	C	-0.16%
CZR	F	-0.16%
CRL	C	-0.16%
OSK	B	-0.16%
TREX	C	-0.16%
BHF	B	-0.16%
COTY	D	-0.16%
DAR	B	-0.16%
CNH	D	-0.16%
NXST	C	-0.16%
COLD	F	-0.16%
LGIH	F	-0.16%
EW	F	-0.16%
RNR	D	-0.16%
C	B	-0.17%
RBA	B	-0.17%
AL	B	-0.17%
UHAL	D	-0.17%
LKQ	C	-0.17%
NARI	C	-0.17%
KRG	B	-0.17%
AJG	A	-0.17%
KNSL	C	-0.17%
SITE	D	-0.17%
XPO	B	-0.17%
BIRK	F	-0.17%
AIR	B	-0.18%
SW	B	-0.18%
EBC	B	-0.18%
MASI	B	-0.18%
MDGL	C	-0.19%
XYL	F	-0.19%
CHDN	B	-0.19%
ENOV	C	-0.19%
WAL	B	-0.19%
BRKR	F	-0.19%
TEX	D	-0.19%
PRCT	C	-0.19%
TTD	B	-0.19%
GATX	B	-0.2%
WTM	A	-0.2%
CGON	D	-0.2%
UEC	C	-0.2%
BE	B	-0.21%
SRE	B	-0.21%
ATO	B	-0.21%
SAIA	B	-0.22%
EQT	B	-0.22%
AESI	F	-0.22%
HSY	F	-0.23%
GPOR	B	-0.23%
NOG	B	-0.23%
BANC	B	-0.23%
ARWR	C	-0.24%
SUM	B	-0.24%
VAL	D	-0.24%
ELF	C	-0.24%
PSA	D	-0.24%
KEY	B	-0.25%
LYV	A	-0.25%
MSCI	B	-0.26%
LW	B	-0.26%
CELH	F	-0.26%
WTRG	C	-0.26%
ABNB	C	-0.27%
AUR	D	-0.27%
PTEN	C	-0.27%
AWK	D	-0.27%
FCNCA	B	-0.27%
PINS	F	-0.28%
MNST	B	-0.28%
FOUR	B	-0.28%
NEOG	D	-0.29%
BILL	B	-0.29%
GT	C	-0.29%
XP	F	-0.3%
NDAQ	B	-0.3%
STNE	F	-0.31%
BEN	C	-0.31%
AFRM	B	-0.31%
APLS	F	-0.31%
GTLB	B	-0.32%
LPLA	A	-0.34%
VVV	B	-0.34%
COHR	C	-0.34%
CACC	D	-0.34%
ZBRA	B	-0.35%
APO	B	-0.35%
DG	F	-0.36%
ALGM	F	-0.36%
INSP	F	-0.37%
BA	F	-0.37%
DLTR	F	-0.38%
WBD	B	-0.39%
PATH	C	-0.39%
BBIO	F	-0.4%
RIVN	F	-0.41%
CYTK	C	-0.44%
U	F	-0.45%
NWS	B	-0.47%
GE	D	-0.48%
SATS	D	-0.48%
CGNX	C	-0.48%
RH	C	-0.49%
DV	C	-0.49%
RBLX	B	-0.5%
TTWO	A	-0.5%
ADBE	C	-0.51%
FIVE	F	-0.51%
FND	F	-0.52%
CFLT	B	-0.52%
ZI	C	-0.54%
BRZE	C	-0.54%
DELL	C	-0.55%
WST	B	-0.57%
DXCM	C	-0.58%
POOL	D	-0.58%
SMCI	F	-0.59%
LSCC	D	-0.76%
LITE	B	-0.88%

CLSE Underweight 74 Positions Relative to XT

Symbol	Grade	Weight
TOST	A	-1.15%
COIN	B	-0.94%
GWRE	A	-0.93%
MRVL	B	-0.87%
FTNT	B	-0.83%
ISRG	A	-0.81%
HUBB	C	-0.72%
TYL	B	-0.72%
NOW	A	-0.68%
LLY	F	-0.66%
BOX	A	-0.66%
TW	B	-0.66%
ADSK	B	-0.65%
PANW	B	-0.64%
CRWD	B	-0.64%
STX	D	-0.63%
RVTY	C	-0.63%
TWLO	B	-0.63%
AMAT	F	-0.62%
WAT	B	-0.62%
GEN	B	-0.62%
KLAC	F	-0.61%
VEEV	B	-0.61%
HUBS	B	-0.61%
CRM	B	-0.6%
MANH	C	-0.59%
AMD	F	-0.59%
NEE	D	-0.59%
ADI	D	-0.58%
ANSS	B	-0.57%
TER	F	-0.57%
CSCO	A	-0.57%
DD	D	-0.56%
MTD	F	-0.56%
PTC	B	-0.56%
VRNS	C	-0.56%
KEYS	C	-0.55%
S	B	-0.55%
NET	B	-0.55%
CDNS	B	-0.54%
NXPI	F	-0.53%
CTSH	A	-0.53%
MSFT	C	-0.53%
DDOG	B	-0.51%
SNPS	C	-0.5%
FDS	A	-0.5%
ACN	B	-0.49%
ROP	A	-0.49%
OKTA	C	-0.48%
JAZZ	B	-0.47%
BLKB	C	-0.47%
DBX	B	-0.46%
ZS	B	-0.46%
REGN	F	-0.46%
DT	C	-0.45%
UMC	F	-0.44%
ALTM	C	-0.43%
SWKS	F	-0.42%
XPEV	C	-0.42%
CCI	F	-0.42%
SBAC	D	-0.41%
QLYS	B	-0.39%
IONS	F	-0.37%
BIDU	F	-0.37%
AKAM	F	-0.36%
CRSP	D	-0.34%
QRVO	F	-0.34%
BIIB	F	-0.34%
NIO	F	-0.33%
BMRN	F	-0.33%
LI	F	-0.32%
APTV	F	-0.32%
SNOW	C	-0.31%
SEDG	F	-0.08%