EIPX vs. CLSE ETF Comparison

Comparison of FT Energy Income Partners Strategy ETF (EIPX) to Convergence Long/Short Equity ETF (CLSE)

EIPX

FT Energy Income Partners Strategy ETF

EIPX Description

FT Energy Income Partners Strategy ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in public equity markets. It invests in stocks of companies operating across energy, oil, gas and consumable fuel, oil and gas exploration and production, oil and gas production, mixed, manufactured, and liquefied petroleum gas production, oil and gas refining and marketing, oil and gas storage and transportation sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. Traded Fund IV - FT Energy Income Partners Strategy ETF was formed on November 2, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.49

Average Daily Volume

17,792

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	EIPX	CLSE
30 Days	8.18%	4.69%
60 Days	8.18%	6.81%
90 Days	9.76%	9.38%
12 Months	28.96%	39.93%

11 Overlapping Holdings

Symbol	Grade	Weight in EIPX	Weight in CLSE	Overlap
AES	F	0.8%	-0.08%	-0.08%
ATO	A	0.52%	-0.1%	-0.1%
EQT	B	0.61%	-0.23%	-0.23%
FLR	B	0.53%	0.21%	0.21%
FTI	A	0.91%	0.74%	0.74%
LNG	B	1.07%	0.97%	0.97%
PTEN	C	0.25%	-0.27%	-0.27%
SRE	A	2.18%	-0.2%	-0.2%
VLO	C	0.23%	0.29%	0.23%
VST	B	1.57%	0.55%	0.55%
WTRG	B	0.46%	-0.24%	-0.24%

EIPX Overweight 56 Positions Relative to CLSE

Symbol	Grade	Weight
EPD	A	7.13%
ET	A	5.3%
TTE	F	4.46%
MPLX	A	3.92%
XOM	B	3.81%
KMI	A	3.37%
OKE	A	3.02%
PAGP	A	2.78%
NFG	A	2.35%
BP	D	2.15%
TRGP	B	1.99%
EOG	A	1.98%
CQP	B	1.88%
SLB	C	1.72%
DTM	B	1.51%
PWR	A	1.45%
AEP	D	1.4%
AROC	B	1.23%
HAL	C	1.19%
WMB	A	1.04%
EVRG	A	0.96%
SUN	B	0.95%
PPL	B	0.84%
CWEN	C	0.83%
FANG	D	0.82%
CTRA	B	0.79%
LNT	A	0.77%
RRC	B	0.75%
WEC	A	0.73%
ARLP	A	0.69%
HP	B	0.64%
ETR	B	0.61%
NOV	C	0.58%
WHD	B	0.54%
NRP	B	0.53%
NEP	F	0.49%
PEG	A	0.49%
NEE	D	0.49%
SO	D	0.47%
KRP	B	0.45%
INSW	F	0.37%
IDA	A	0.35%
DINO	D	0.35%
AEE	A	0.33%
CNP	B	0.31%
SM	B	0.27%
MPC	D	0.27%
DTE	C	0.27%
PSX	C	0.27%
CMS	C	0.25%
USAC	B	0.23%
DHT	F	0.23%
FRO	F	0.2%
ECO	F	0.19%
OGS	A	0.12%
XEL	A	0.08%

EIPX Underweight 326 Positions Relative to CLSE

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%
WMT	A	-1.82%
QCOM	F	-1.73%
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%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	B	-0.88%
GM	B	-0.87%
COR	B	-0.86%
CAH	B	-0.86%
PPC	C	-0.85%
GVA	A	-0.84%
MLI	C	-0.84%
CARG	C	-0.83%
AAPL	C	-0.83%
JNJ	D	-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%
UTHR	C	-0.73%
PNC	B	-0.72%
ABBV	D	-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%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	C	-0.65%
JPM	A	-0.64%
CHRW	C	-0.61%
EXPE	B	-0.61%
TSN	B	-0.6%
FFIV	B	-0.6%
FTDR	A	-0.58%
AMG	B	-0.58%
LDOS	C	-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%
AVA	A	-0.47%
UNP	C	-0.47%
PGR	A	-0.46%
DUOL	A	-0.45%
PG	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%
SR	A	-0.38%
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%
RGLD	C	-0.32%
CNC	D	-0.31%
PTON	B	-0.31%
LAMR	D	-0.31%
J	F	-0.31%
MPWR	F	-0.3%
CVS	D	-0.29%
T	A	-0.29%
MDT	D	-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%
JLL	D	-0.2%
MUSA	A	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
KR	B	-0.17%
NTRA	B	-0.17%
BOX	B	-0.17%
JAZZ	B	-0.16%
FOXA	B	-0.14%
EXPD	D	-0.14%
FN	D	-0.13%
PRU	A	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CINF	A	-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%
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%
APD	A	--0.15%
GTLS	B	--0.15%
CRL	C	--0.15%
RNR	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%
ALB	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%
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%
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%
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%
BEN	C	--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%
WST	C	--0.59%
LITE	B	--0.6%
POOL	C	--0.61%
MCHP	D	--0.63%
DXCM	D	--0.63%
WDC	D	--0.65%
LSCC	D	--0.7%
ROP	B	--0.7%
TXN	C	--0.81%
INTC	D	--0.93%
FSLR	F	--1.26%