KNGZ vs. CLSE ETF Comparison

Comparison of First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) to Convergence Long/Short Equity ETF (CLSE)

KNGZ

First Trust S&P 500 Diversified Dividend Aristocrats ETF

KNGZ Description

The fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. According to the index provider to the new index, the new index measures the performance of companies within the S&P 500 Index that have demonstrated stable or increasing dividend per share amounts.

Grade (RS Rating)

Last Trade

$34.45

Average Daily Volume

7,265

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

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	KNGZ	CLSE
30 Days	0.65%	4.18%
60 Days	1.70%	7.10%
90 Days	3.50%	9.38%
12 Months	24.94%	39.93%

28 Overlapping Holdings

Symbol	Grade	Weight in KNGZ	Weight in CLSE	Overlap
ABBV	F	1.06%	0.72%	0.72%
APD	A	0.33%	-0.15%	-0.15%
APH	A	1.3%	0.67%	0.67%
BEN	C	2.11%	-0.36%	-0.36%
BMY	B	1.92%	1.11%	1.11%
CAH	B	0.73%	0.86%	0.73%
CF	A	0.34%	0.37%	0.34%
CHRW	B	0.56%	0.61%	0.56%
CINF	A	0.84%	0.12%	0.12%
CVS	D	1.54%	0.29%	0.29%
DLR	B	0.35%	-0.13%	-0.13%
GLW	B	3.17%	0.52%	0.52%
GRMN	B	0.99%	0.37%	0.37%
HD	B	1.0%	1.13%	1.0%
HPE	B	3.52%	1.92%	1.92%
JNJ	C	1.06%	0.83%	0.83%
MCHP	F	2.54%	-0.63%	-0.63%
MDT	D	1.1%	0.29%	0.29%
MET	A	0.82%	0.52%	0.52%
NSC	B	0.56%	-0.1%	-0.1%
NTRS	A	1.11%	1.08%	1.08%
PNW	A	0.45%	0.48%	0.45%
POOL	C	0.56%	-0.61%	-0.61%
PRU	A	1.37%	0.13%	0.13%
QCOM	F	2.44%	1.73%	1.73%
TSN	B	0.66%	0.6%	0.6%
TXN	C	3.36%	-0.81%	-0.81%
UNP	C	0.55%	0.47%	0.47%

KNGZ Overweight 66 Positions Relative to CLSE

Symbol	Grade	Weight
HPQ	B	3.88%
IBM	C	3.61%
VZ	C	3.2%
IPG	D	2.27%
ACN	B	2.01%
ADI	D	1.87%
CMCSA	B	1.73%
HAS	D	1.67%
BBY	D	1.54%
TROW	B	1.54%
OMC	C	1.54%
GPC	D	1.38%
UPS	C	1.1%
MTB	A	1.07%
PFG	D	1.05%
MCD	D	1.03%
MRK	D	0.94%
MSFT	D	0.93%
KLAC	F	0.91%
OKE	A	0.86%
PM	B	0.85%
CAG	F	0.82%
CVX	A	0.81%
LOW	C	0.76%
PAYX	B	0.74%
KVUE	A	0.74%
DGX	A	0.72%
NKE	F	0.72%
ABT	B	0.71%
HRL	D	0.7%
SNA	A	0.69%
KMB	C	0.67%
CTRA	B	0.66%
CME	B	0.66%
CI	D	0.64%
SWK	D	0.63%
EG	C	0.62%
GIS	D	0.61%
UNH	B	0.59%
CMI	A	0.59%
FAST	B	0.59%
ITW	B	0.59%
XOM	B	0.58%
TRV	B	0.58%
AMCR	C	0.58%
AFL	B	0.57%
BDX	F	0.57%
K	A	0.57%
EOG	A	0.56%
EMR	B	0.55%
LMT	D	0.53%
ADP	A	0.52%
LHX	C	0.51%
FMC	D	0.48%
O	C	0.48%
LEN	D	0.46%
EVRG	A	0.46%
ES	C	0.42%
FRT	B	0.41%
ETR	B	0.41%
MAA	B	0.4%
EMN	C	0.39%
EIX	B	0.38%
AEP	C	0.36%
ESS	B	0.35%
AVB	B	0.32%

KNGZ Underweight 309 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-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%
CVNA	B	-1.85%
ANET	C	-1.83%
WMT	A	-1.82%
IDCC	B	-1.51%
GDDY	A	-1.42%
CVLT	B	-1.4%
DOCU	B	-1.37%
PYPL	B	-1.33%
ORCL	A	-1.33%
ACIW	B	-1.3%
TSLA	B	-1.22%
JHG	B	-1.21%
NTNX	B	-1.16%
SYF	B	-1.11%
GILD	C	-1.07%
SNEX	B	-1.06%
PLTR	B	-1.02%
NTAP	C	-1.0%
LNG	A	-0.97%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	C	-0.88%
GM	C	-0.87%
COR	B	-0.86%
PPC	C	-0.85%
GVA	A	-0.84%
MLI	B	-0.84%
CARG	B	-0.83%
AAPL	C	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
NFLX	A	-0.79%
THC	D	-0.78%
FITB	B	-0.78%
DVA	C	-0.78%
IESC	C	-0.77%
CPNG	D	-0.77%
EME	A	-0.75%
WFC	A	-0.75%
CNX	A	-0.74%
FTI	A	-0.74%
UTHR	C	-0.73%
PNC	B	-0.72%
RF	A	-0.72%
STRL	A	-0.71%
ZION	B	-0.71%
CMA	B	-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%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	B	-0.65%
JPM	A	-0.64%
EXPE	B	-0.61%
FFIV	B	-0.6%
FTDR	B	-0.58%
AMG	B	-0.58%
LDOS	C	-0.55%
VST	A	-0.55%
RGA	A	-0.55%
SLVM	B	-0.5%
GOOG	C	-0.49%
UI	B	-0.49%
EXP	B	-0.48%
CACI	D	-0.48%
AVA	A	-0.47%
PGR	A	-0.46%
DUOL	A	-0.45%
PG	C	-0.45%
ALL	A	-0.45%
BKNG	A	-0.44%
LPX	B	-0.43%
CTRE	C	-0.42%
SCCO	F	-0.41%
RMD	C	-0.4%
JXN	C	-0.39%
SR	A	-0.38%
R	B	-0.38%
SPG	A	-0.37%
CNA	C	-0.37%
OUT	A	-0.36%
EQR	C	-0.35%
CCL	A	-0.35%
CDP	C	-0.34%
RGLD	C	-0.32%
CNC	D	-0.31%
PTON	A	-0.31%
LAMR	C	-0.31%
J	D	-0.31%
MPWR	F	-0.3%
VLO	C	-0.29%
T	A	-0.29%
IIPR	D	-0.28%
APA	D	-0.25%
NVR	D	-0.24%
VRTX	D	-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%
MUSA	B	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
KR	B	-0.17%
NTRA	A	-0.17%
BOX	B	-0.17%
JAZZ	B	-0.16%
FOXA	A	-0.14%
EXPD	C	-0.14%
FN	C	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CDE	C	-0.11%
ILMN	C	-0.1%
AEIS	C	-0.07%
INCY	C	-0.07%
HQY	A	-0.07%
QQQ	B	-0.0%
LNTH	D	-0.0%
LRCX	F	-0.0%
PENN	C	--0.05%
KNX	C	--0.06%
HGV	C	--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%
AES	F	--0.08%
FLYW	B	--0.08%
GNTX	C	--0.09%
JBLU	F	--0.09%
MCW	C	--0.1%
ABG	C	--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	F	--0.12%
EXR	C	--0.13%
STLD	B	--0.13%
AVAV	C	--0.13%
ALIT	C	--0.13%
VMC	B	--0.13%
MLM	C	--0.13%
BPOP	C	--0.14%
PYCR	B	--0.14%
DAY	B	--0.14%
REXR	F	--0.14%
ARWR	D	--0.14%
MKL	A	--0.14%
AA	A	--0.14%
EQIX	A	--0.14%
CZR	F	--0.15%
COLD	D	--0.15%
GTLS	A	--0.15%
CRL	D	--0.15%
RNR	C	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
BHF	C	--0.16%
XPO	B	--0.16%
OSK	C	--0.16%
LGIH	F	--0.16%
DAR	C	--0.16%
ALB	B	--0.16%
UHAL	D	--0.16%
AGO	B	--0.16%
EW	C	--0.16%
SITE	F	--0.16%
SW	A	--0.17%
TEX	F	--0.17%
TREX	C	--0.17%
MDGL	B	--0.17%
LKQ	F	--0.17%
MASI	B	--0.17%
AJG	A	--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%
SRE	A	--0.2%
GATX	A	--0.2%
BIRK	D	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	B	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	B	--0.22%
MTN	C	--0.22%
SAIA	B	--0.22%
SUM	B	--0.22%
EQT	B	--0.23%
PSA	C	--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	B	--0.25%
LW	C	--0.25%
KEY	B	--0.25%
BILL	A	--0.26%
NEOG	F	--0.26%
AUR	C	--0.26%
AWK	C	--0.26%
VAL	F	--0.27%
FOUR	A	--0.27%
STNE	F	--0.27%
TEAM	A	--0.27%
MSCI	C	--0.27%
PTEN	C	--0.27%
MNST	C	--0.28%
SOFI	B	--0.28%
ESTC	C	--0.29%
MDB	B	--0.29%
XP	F	--0.29%
MKTX	D	--0.29%
CYTK	F	--0.3%
LYV	A	--0.3%
NDAQ	A	--0.3%
APLS	F	--0.3%
APTV	F	--0.32%
GTLB	B	--0.32%
VVV	D	--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	A	--0.35%
CACC	D	--0.36%
COHR	B	--0.36%
BBIO	F	--0.36%
ZI	D	--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	F	--0.41%
U	C	--0.41%
RIVN	F	--0.42%
TTWO	A	--0.43%
WBD	B	--0.43%
SNPS	B	--0.44%
ALGM	D	--0.45%
DV	C	--0.45%
CGNX	D	--0.45%
GE	D	--0.46%
CDNS	B	--0.46%
MRNA	F	--0.47%
SMCI	F	--0.47%
RH	C	--0.47%
CFLT	B	--0.47%
CHTR	C	--0.48%
CSCO	B	--0.52%
FND	D	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
NWS	A	--0.57%
WST	C	--0.59%
LITE	B	--0.6%
DXCM	C	--0.63%
WDC	D	--0.65%
LSCC	D	--0.7%
ROP	B	--0.7%
INTC	C	--0.93%
FSLR	F	--1.26%