FTQI vs. CLSE ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Convergence Long/Short Equity ETF (CLSE)

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.89

Average Daily Volume

181,406

Number of Holdings ^*

195

* 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	FTQI	CLSE
30 Days	2.45%	4.69%
60 Days	3.28%	6.81%
90 Days	5.53%	9.38%
12 Months	18.20%	39.93%

64 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in CLSE	Overlap
AAPL	C	9.03%	0.83%	0.83%
ABBV	D	0.17%	0.72%	0.17%
AMZN	C	4.39%	2.53%	2.53%
ANET	C	0.29%	1.83%	0.29%
APA	D	0.03%	0.25%	0.03%
APH	A	0.58%	0.67%	0.58%
APLS	D	0.01%	-0.3%	-0.3%
APP	B	0.52%	2.25%	0.52%
AVGO	D	4.07%	2.28%	2.28%
CHDN	B	0.14%	-0.18%	-0.18%
CHRW	C	0.18%	0.61%	0.18%
CINF	A	0.17%	0.12%	0.12%
CSCO	B	1.56%	-0.52%	-0.52%
CVLT	B	0.08%	1.4%	0.08%
CYTK	F	0.13%	-0.3%	-0.3%
DOCU	A	0.09%	1.37%	0.09%
DUOL	A	0.48%	0.45%	0.45%
EQIX	A	1.25%	-0.14%	-0.14%
EXAS	D	0.01%	-0.07%	-0.07%
EXPE	B	0.22%	0.61%	0.22%
FCNCA	A	0.18%	-0.35%	-0.35%
FFIV	B	0.2%	0.6%	0.2%
FITB	A	0.16%	0.78%	0.16%
GE	D	0.12%	-0.46%	-0.46%
GOOG	C	1.87%	0.49%	0.49%
GOOGL	C	1.87%	3.47%	1.87%
HALO	F	0.14%	0.9%	0.14%
IDCC	A	0.24%	1.51%	0.24%
IESC	B	0.31%	0.77%	0.31%
INCY	C	0.19%	0.07%	0.07%
JAZZ	B	0.16%	0.16%	0.16%
LITE	B	0.25%	-0.6%	-0.6%
LNTH	D	0.01%	0.0%	0.0%
MASI	A	0.16%	-0.17%	-0.17%
MDGL	B	0.17%	-0.17%	-0.17%
META	D	4.15%	3.3%	3.3%
MKTX	D	0.13%	-0.29%	-0.29%
MPWR	F	0.2%	0.3%	0.2%
MUSA	A	0.16%	0.2%	0.16%
NDAQ	A	0.36%	-0.3%	-0.3%
NFLX	A	2.4%	0.79%	0.79%
NTAP	C	0.79%	1.0%	0.79%
NTRA	B	0.2%	0.17%	0.17%
NTRS	A	0.19%	1.08%	0.19%
NVDA	C	5.22%	4.61%	4.61%
ORCL	B	0.75%	1.33%	0.75%
PGR	A	0.14%	0.46%	0.14%
POOL	C	0.15%	-0.61%	-0.61%
PTEN	C	0.22%	-0.27%	-0.27%
QCOM	F	1.11%	1.73%	1.11%
RGLD	C	0.13%	0.32%	0.13%
RMD	C	0.14%	0.4%	0.14%
SAIA	B	0.2%	-0.22%	-0.22%
SOFI	A	0.26%	-0.28%	-0.28%
STRL	B	0.24%	0.71%	0.24%
TMUS	B	1.78%	0.7%	0.7%
TSLA	B	3.05%	1.22%	1.22%
TXN	C	1.54%	-0.81%	-0.81%
UMBF	B	0.24%	0.66%	0.24%
UTHR	C	0.18%	0.73%	0.18%
VMC	B	0.13%	-0.13%	-0.13%
WMT	A	0.39%	1.82%	0.39%
ZBRA	B	0.37%	-0.34%	-0.34%
ZION	B	0.18%	0.71%	0.18%

FTQI Overweight 131 Positions Relative to CLSE

Symbol	Grade	Weight
MSFT	F	8.03%
COST	B	2.64%
AMD	F	1.45%
PEP	F	1.45%
INTU	C	1.32%
ADBE	C	1.22%
LIN	D	1.19%
CME	A	0.96%
LLY	F	0.9%
CHKP	D	0.72%
SPGI	C	0.6%
CRM	B	0.58%
MGEE	C	0.58%
UFPI	B	0.51%
PTC	A	0.5%
LNT	A	0.49%
NOW	A	0.46%
CASY	A	0.43%
TYL	B	0.4%
BGC	C	0.39%
STX	D	0.38%
CG	A	0.37%
A	D	0.34%
WFRD	D	0.31%
PAGP	A	0.29%
BCPC	B	0.29%
TSCO	D	0.28%
SBAC	D	0.28%
SNY	F	0.28%
MORN	B	0.28%
EWBC	A	0.28%
PNFP	B	0.27%
OTTR	C	0.27%
MEDP	D	0.27%
AMT	D	0.27%
EVRG	A	0.26%
WWD	B	0.25%
AXON	A	0.25%
ICLR	D	0.25%
CYBR	B	0.24%
V	A	0.24%
UPST	B	0.24%
COIN	C	0.24%
MTSI	B	0.23%
HOOD	B	0.23%
MSI	B	0.22%
ERIE	D	0.22%
RVMD	C	0.22%
NBIX	C	0.21%
COKE	C	0.2%
PODD	C	0.2%
MANH	D	0.2%
DJT	C	0.2%
CL	D	0.19%
AAON	B	0.18%
HBAN	A	0.18%
REG	B	0.18%
NOVT	D	0.18%
ICUI	D	0.18%
MKSI	C	0.18%
TRMB	B	0.18%
VRNS	D	0.18%
OLLI	D	0.18%
GH	B	0.17%
DOX	D	0.17%
SSNC	B	0.17%
EBAY	D	0.17%
OLED	D	0.17%
LECO	B	0.16%
WIX	B	0.16%
ARGX	A	0.16%
ITRI	B	0.16%
PCVX	D	0.16%
BNTX	D	0.16%
WTW	B	0.16%
LSTR	D	0.15%
XOM	B	0.15%
CAT	B	0.15%
AXP	A	0.15%
JBHT	C	0.15%
FRPT	B	0.14%
PH	A	0.14%
BSY	D	0.14%
ETN	A	0.14%
ENSG	D	0.14%
ULTA	F	0.14%
TECH	D	0.13%
MIDD	C	0.13%
SFM	A	0.13%
MRUS	F	0.13%
WAT	B	0.13%
VEEV	C	0.13%
TTEK	F	0.13%
VKTX	F	0.12%
ALNY	D	0.12%
LANC	C	0.12%
KRYS	B	0.12%
TWST	D	0.12%
ROIV	C	0.12%
LOW	D	0.12%
MTD	D	0.11%
UFPT	B	0.11%
WM	A	0.11%
SHOO	D	0.11%
TROW	B	0.1%
MMYT	B	0.09%
BL	B	0.09%
LOGI	D	0.09%
HOLX	D	0.09%
TRMD	F	0.09%
CRVL	A	0.09%
CSWI	A	0.07%
BMRN	D	0.06%
ASND	D	0.05%
NWSA	B	0.05%
ACGL	D	0.05%
TW	A	0.05%
GEV	B	0.05%
CVCO	A	0.04%
QRVO	F	0.03%
RGEN	D	0.02%
OKTA	C	0.02%
REYN	D	0.01%
RXST	F	0.01%
TMDX	F	0.01%
ACHC	F	0.01%
LEGN	F	0.01%
ACLS	F	0.01%
XRAY	F	0.01%
SRPT	D	0.01%
RPRX	D	0.01%

FTQI Underweight 273 Positions Relative to CLSE

Symbol	Grade	Weight
MU	D	-2.13%
HPE	B	-1.92%
CVNA	B	-1.85%
GDDY	A	-1.42%
PYPL	B	-1.33%
ACIW	B	-1.3%
JHG	A	-1.21%
NTNX	A	-1.16%
HD	A	-1.13%
SYF	B	-1.11%
BMY	B	-1.11%
GILD	C	-1.07%
SNEX	B	-1.06%
PLTR	B	-1.02%
LNG	B	-0.97%
SEIC	B	-0.95%
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%
JNJ	D	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
THC	D	-0.78%
DVA	B	-0.78%
CPNG	D	-0.77%
EME	C	-0.75%
WFC	A	-0.75%
CNX	A	-0.74%
FTI	A	-0.74%
PNC	B	-0.72%
RF	A	-0.72%
CMA	A	-0.71%
NRG	B	-0.71%
UHS	D	-0.7%
CEIX	A	-0.7%
GEN	B	-0.68%
VRT	B	-0.68%
ALSN	B	-0.66%
MTZ	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	C	-0.65%
JPM	A	-0.64%
TSN	B	-0.6%
FTDR	A	-0.58%
AMG	B	-0.58%
LDOS	C	-0.55%
VST	B	-0.55%
RGA	A	-0.55%
GLW	B	-0.52%
MET	A	-0.52%
SLVM	B	-0.5%
UI	A	-0.49%
EXP	A	-0.48%
CACI	D	-0.48%
PNW	B	-0.48%
AVA	A	-0.47%
UNP	C	-0.47%
PG	A	-0.45%
ALL	A	-0.45%
BKNG	A	-0.44%
LPX	B	-0.43%
CTRE	D	-0.42%
SCCO	F	-0.41%
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%
CNC	D	-0.31%
PTON	B	-0.31%
LAMR	D	-0.31%
J	F	-0.31%
CVS	D	-0.29%
VLO	C	-0.29%
T	A	-0.29%
MDT	D	-0.29%
IIPR	D	-0.28%
NVR	D	-0.24%
VRTX	F	-0.23%
MATX	C	-0.22%
NEM	D	-0.22%
TOL	B	-0.22%
EEFT	B	-0.22%
FLR	B	-0.21%
JLL	D	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
KR	B	-0.17%
BOX	B	-0.17%
FOXA	B	-0.14%
EXPD	D	-0.14%
FN	D	-0.13%
PRU	A	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CDE	D	-0.11%
ILMN	D	-0.1%
AEIS	B	-0.07%
HQY	B	-0.07%
QQQ	B	-0.0%
LRCX	F	-0.0%
PENN	C	--0.05%
KNX	B	--0.06%
HGV	B	--0.06%
HUN	F	--0.07%
RYN	D	--0.07%
COOP	B	--0.07%
CCS	D	--0.07%
BC	C	--0.08%
JOE	F	--0.08%
AES	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%
ATO	A	--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%
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%
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%
LKQ	D	--0.17%
AJG	B	--0.17%
KRG	B	--0.17%
ENOV	C	--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%
SRE	A	--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%
SUM	B	--0.22%
EQT	B	--0.23%
PSA	D	--0.23%
XYL	D	--0.23%
WTRG	B	--0.24%
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%
ESTC	C	--0.29%
MDB	C	--0.29%
XP	F	--0.29%
LYV	A	--0.3%
APTV	D	--0.32%
GTLB	B	--0.32%
VVV	F	--0.33%
CCOI	B	--0.33%
LPLA	A	--0.34%
ABNB	C	--0.34%
INSP	D	--0.34%
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%
CDNS	B	--0.46%
MRNA	F	--0.47%
SMCI	F	--0.47%
RH	B	--0.47%
CFLT	B	--0.47%
CHTR	C	--0.48%
FND	C	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
NWS	B	--0.57%
WST	C	--0.59%
MCHP	D	--0.63%
DXCM	D	--0.63%
WDC	D	--0.65%
LSCC	D	--0.7%
ROP	B	--0.7%
INTC	D	--0.93%
FSLR	F	--1.26%