JOET vs. CLSE ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to Convergence Long/Short Equity ETF (CLSE)

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$36.56

Average Daily Volume

24,522

Number of Holdings ^*

124

* 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

$22.11

Average Daily Volume

53,246

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	JOET	CLSE
30 Days	3.15%	2.69%
60 Days	4.55%	4.00%
90 Days	6.83%	2.60%
12 Months	31.37%	38.92%

35 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in CLSE	Overlap
AAPL	C	0.79%	2.26%	0.79%
AJG	D	0.83%	-0.21%	-0.21%
AMZN	C	0.77%	2.5%	0.77%
ANET	A	0.8%	1.86%	0.8%
APP	B	0.87%	2.04%	0.87%
AVGO	C	0.77%	2.58%	0.77%
CAT	B	0.75%	0.33%	0.33%
CFG	C	0.72%	0.57%	0.57%
CINF	C	0.87%	-0.2%	-0.2%
CPNG	A	0.89%	0.26%	0.26%
EXPE	C	0.82%	0.53%	0.53%
EXR	B	0.84%	-0.15%	-0.15%
FCNCA	D	0.68%	-0.19%	-0.19%
FITB	B	0.76%	0.61%	0.61%
GOOGL	D	0.7%	2.93%	0.7%
GRMN	D	0.79%	0.35%	0.35%
JPM	D	0.76%	0.77%	0.76%
KLAC	D	0.71%	0.47%	0.47%
META	A	0.85%	3.15%	0.85%
MSFT	C	0.76%	1.12%	0.76%
NFLX	B	0.84%	0.31%	0.31%
NTRS	B	0.77%	0.91%	0.77%
NVDA	D	0.75%	4.12%	0.75%
NVR	B	0.83%	0.3%	0.3%
ORCL	B	0.88%	1.22%	0.88%
PG	C	0.82%	0.81%	0.81%
PGR	A	0.9%	0.55%	0.55%
QCOM	F	0.7%	2.58%	0.7%
RF	B	0.77%	0.69%	0.69%
SMCI	F	0.45%	-0.55%	-0.55%
SYF	C	0.71%	0.86%	0.71%
TTD	B	0.84%	-0.23%	-0.23%
VLO	F	0.67%	0.79%	0.67%
XOM	D	0.74%	0.58%	0.58%
XYL	D	0.72%	-0.23%	-0.23%

JOET Overweight 89 Positions Relative to CLSE

Symbol	Grade	Weight
PLTR	A	1.0%
MELI	B	0.96%
PSA	B	0.94%
WELL	C	0.92%
AXON	A	0.91%
IRM	B	0.91%
AFL	C	0.9%
ACGL	B	0.9%
LLY	C	0.88%
HWM	B	0.88%
NU	B	0.87%
ROL	C	0.87%
MA	B	0.87%
TRV	B	0.87%
COST	B	0.86%
ISRG	C	0.86%
V	C	0.86%
SYK	C	0.86%
WRB	C	0.85%
HEI	A	0.85%
CMG	C	0.85%
CME	C	0.85%
TW	B	0.84%
ADSK	C	0.84%
UBER	C	0.84%
CTAS	C	0.84%
CB	B	0.84%
TJX	C	0.83%
CPAY	C	0.83%
DHI	C	0.83%
IT	A	0.83%
SPGI	A	0.83%
PANW	C	0.83%
MMC	C	0.83%
HIG	B	0.83%
PH	A	0.82%
BRK.A	C	0.82%
TT	A	0.82%
CEG	A	0.81%
RCL	A	0.81%
MPWR	C	0.81%
ELV	C	0.81%
HUBB	A	0.81%
CHKP	A	0.81%
NOW	A	0.81%
BRO	C	0.81%
CMI	C	0.8%
LEN	C	0.8%
AMD	D	0.8%
PHM	B	0.8%
CTSH	C	0.8%
IBKR	A	0.8%
GWW	A	0.79%
TYL	C	0.79%
DECK	D	0.78%
KKR	A	0.78%
AXP	B	0.78%
INTU	C	0.78%
AMP	B	0.77%
CDNS	D	0.77%
ADI	C	0.76%
CRWD	D	0.76%
EPD	B	0.76%
CPRT	D	0.76%
PWR	B	0.76%
FAST	C	0.76%
APH	C	0.75%
PCAR	D	0.75%
MTB	A	0.75%
AME	C	0.75%
PTC	D	0.75%
MKL	C	0.74%
HBAN	B	0.74%
VRTX	D	0.74%
EOG	D	0.73%
URI	B	0.73%
DFS	B	0.72%
FSLR	C	0.72%
NXPI	D	0.7%
IR	C	0.7%
PSX	D	0.7%
AMAT	D	0.68%
ICLR	D	0.68%
APO	B	0.68%
SNPS	D	0.67%
FANG	D	0.67%
HES	D	0.66%
STLD	D	0.65%
LRCX	F	0.64%

JOET Underweight 291 Positions Relative to CLSE

Symbol	Grade	Weight
WMT	B	-2.07%
IBM	A	-1.7%
CVLT	B	-1.64%
NTAP	D	-1.64%
GDDY	C	-1.58%
CVNA	B	-1.53%
HPE	D	-1.52%
GOOG	D	-1.22%
DOCU	C	-1.21%
HD	A	-1.17%
ACIW	B	-1.12%
ABBV	C	-1.04%
T	C	-1.03%
HALO	C	-1.03%
MU	F	-1.02%
GILD	B	-0.98%
AMG	C	-0.98%
PYPL	B	-0.98%
JNJ	C	-0.96%
SNEX	B	-0.95%
OGN	D	-0.92%
JHG	B	-0.92%
AVT	C	-0.88%
UHS	B	-0.87%
THC	B	-0.85%
AMRX	B	-0.85%
NTNX	C	-0.84%
DVA	B	-0.82%
EME	A	-0.81%
SEIC	C	-0.81%
MO	C	-0.81%
BAC	D	-0.81%
MLI	B	-0.75%
FTDR	B	-0.75%
MPC	D	-0.74%
CNC	C	-0.73%
BG	D	-0.72%
PPC	D	-0.72%
JXN	B	-0.72%
MCK	F	-0.71%
UMBF	B	-0.71%
IDCC	B	-0.7%
CHRW	A	-0.66%
IIPR	B	-0.65%
IESC	C	-0.63%
OSCR	C	-0.63%
GVA	B	-0.63%
NEM	B	-0.62%
CAH	C	-0.61%
STRL	B	-0.6%
VRT	C	-0.59%
MUSA	D	-0.59%
TSLA	C	-0.59%
TSN	D	-0.57%
UNP	C	-0.57%
PATK	A	-0.55%
WFC	D	-0.55%
AMGN	B	-0.55%
PNW	B	-0.55%
NEE	C	-0.55%
MTZ	B	-0.54%
LMT	B	-0.54%
GM	B	-0.54%
PRIM	B	-0.54%
AVA	C	-0.54%
MET	A	-0.54%
NRG	A	-0.54%
SLVM	A	-0.53%
MWA	B	-0.53%
HRB	C	-0.53%
RGA	B	-0.53%
VST	A	-0.53%
MRK	D	-0.53%
RTX	C	-0.51%
CVX	D	-0.51%
FDX	F	-0.5%
BMY	C	-0.49%
ADMA	B	-0.49%
CNA	D	-0.49%
NSA	B	-0.48%
LNTH	D	-0.46%
EEFT	D	-0.45%
EQR	C	-0.44%
RGLD	B	-0.43%
REZI	D	-0.43%
ACT	B	-0.42%
SPG	A	-0.41%
LAMR	A	-0.41%
KMB	D	-0.4%
SAIC	C	-0.4%
MRO	C	-0.39%
SCCO	D	-0.39%
LDOS	B	-0.38%
FCX	D	-0.38%
J	C	-0.36%
CTRE	C	-0.36%
BCO	A	-0.36%
DVN	D	-0.35%
KNF	B	-0.35%
ABM	D	-0.34%
TOL	B	-0.34%
STAG	D	-0.33%
GLW	B	-0.32%
JLL	B	-0.32%
ALSN	B	-0.32%
ANF	D	-0.32%
SM	D	-0.31%
VTRS	D	-0.31%
EXP	B	-0.31%
IBP	D	-0.27%
BKNG	B	-0.25%
CCL	C	-0.24%
KR	C	-0.17%
ADUS	C	-0.15%
SPOT	B	-0.13%
ALNY	C	-0.12%
NTRA	B	-0.12%
MHO	B	-0.1%
QQQ	C	-0.0%
JOBY	F	--0.04%
CAR	F	--0.05%
CRNX	C	--0.05%
MRNA	F	--0.06%
COLD	D	--0.08%
ROK	F	--0.08%
ALIT	D	--0.08%
FOXF	D	--0.08%
AES	C	--0.08%
AGL	F	--0.09%
NXST	D	--0.09%
VAC	F	--0.1%
DRVN	C	--0.1%
HGV	D	--0.1%
WOR	F	--0.1%
AWR	B	--0.1%
WTW	C	--0.1%
MCW	F	--0.1%
VMC	D	--0.11%
HHH	C	--0.11%
CC	F	--0.11%
ACVA	B	--0.11%
DRI	B	--0.11%
TXG	D	--0.11%
VFC	C	--0.12%
VAL	F	--0.12%
AAL	D	--0.12%
PGNY	F	--0.12%
AA	D	--0.12%
CGON	C	--0.12%
BC	C	--0.13%
VSAT	F	--0.14%
PPBI	D	--0.14%
CHK	D	--0.15%
RBLX	B	--0.15%
AESI	C	--0.15%
PYCR	D	--0.15%
CG	D	--0.15%
DAY	D	--0.15%
MTN	D	--0.15%
UHAL	B	--0.16%
CLDX	C	--0.16%
PCH	C	--0.16%
WTRG	D	--0.16%
BIRK	F	--0.16%
KRG	C	--0.16%
ILMN	C	--0.16%
WAL	B	--0.16%
UEC	D	--0.17%
VNO	B	--0.17%
GTLS	F	--0.17%
SJM	C	--0.17%
ENOV	F	--0.18%
KNSL	C	--0.18%
XPO	D	--0.18%
HI	F	--0.18%
BE	F	--0.19%
BANC	B	--0.19%
CZR	C	--0.19%
WY	C	--0.19%
CNH	D	--0.19%
LAD	C	--0.19%
COTY	F	--0.2%
COLB	B	--0.2%
TMDX	C	--0.2%
EL	F	--0.2%
TFC	D	--0.2%
LKQ	F	--0.2%
AVAV	C	--0.2%
WOLF	F	--0.2%
LUV	C	--0.21%
GPOR	D	--0.21%
SOFI	C	--0.21%
BX	B	--0.21%
RNR	B	--0.22%
SHC	C	--0.22%
IRTC	F	--0.22%
CNX	A	--0.22%
DXCM	F	--0.22%
RBA	C	--0.22%
WBA	F	--0.22%
CIEN	C	--0.22%
AEIS	D	--0.23%
WTM	D	--0.23%
SW	C	--0.23%
IPAR	D	--0.23%
DLTR	F	--0.23%
FDS	C	--0.23%
PTEN	F	--0.24%
SUM	D	--0.24%
BIO	C	--0.24%
OKE	B	--0.24%
AGCO	D	--0.24%
MS	C	--0.25%
VSH	F	--0.25%
WAT	C	--0.25%
ALB	F	--0.26%
AL	D	--0.26%
APD	B	--0.26%
SITE	D	--0.26%
FLYW	F	--0.26%
EQT	D	--0.26%
WSC	D	--0.26%
CSCO	B	--0.27%
VVV	D	--0.27%
GT	F	--0.27%
HASI	C	--0.27%
CELH	F	--0.28%
HSY	D	--0.28%
NEOG	D	--0.29%
GMED	D	--0.29%
LW	D	--0.29%
APLS	F	--0.29%
FIVN	F	--0.3%
MNST	D	--0.31%
O	C	--0.31%
INSP	C	--0.31%
RVMD	C	--0.32%
ENPH	D	--0.32%
PEN	D	--0.32%
REGN	C	--0.32%
FOUR	C	--0.33%
SRE	B	--0.33%
EVTC	F	--0.33%
RGEN	F	--0.33%
EXAS	C	--0.34%
IAC	C	--0.34%
TOST	A	--0.34%
D	B	--0.34%
LPLA	F	--0.35%
MARA	F	--0.35%
ZI	D	--0.36%
ADBE	F	--0.36%
GE	A	--0.36%
LVS	D	--0.36%
ON	F	--0.36%
KLIC	F	--0.36%
LYV	B	--0.36%
AFRM	C	--0.36%
NDAQ	A	--0.36%
WBD	D	--0.38%
RIOT	F	--0.38%
BBIO	D	--0.38%
BA	F	--0.38%
PATH	D	--0.39%
SATS	C	--0.4%
BRZE	F	--0.4%
MKTX	C	--0.4%
RIVN	F	--0.41%
CCOI	C	--0.43%
CGNX	D	--0.43%
FIVE	D	--0.45%
TTWO	D	--0.47%
ZBRA	B	--0.48%
C	D	--0.48%
GLOB	D	--0.48%
GFS	F	--0.48%
LSCC	D	--0.5%
MDB	D	--0.5%
MCHP	D	--0.5%
CFLT	F	--0.5%
BILL	D	--0.5%
DV	F	--0.5%
POOL	D	--0.54%
RH	B	--0.56%
WDC	D	--0.58%
LBRDK	F	--0.58%
FND	C	--0.59%
U	D	--0.6%
LITE	B	--0.69%
TXN	C	--0.85%
INTC	F	--0.93%