NIXT vs. CLSE ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to Convergence Long/Short Equity ETF (CLSE)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

41,419

Number of Holdings ^*

137

* 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	NIXT	CLSE
30 Days	5.30%	4.69%
60 Days	4.25%	6.81%
90 Days		9.38%
12 Months		39.93%

23 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in CLSE	Overlap
ACIW	B	1.02%	1.3%	1.02%
AFRM	B	1.25%	-0.35%	-0.35%
ARWR	F	0.53%	-0.14%	-0.14%
AVT	C	0.68%	0.66%	0.66%
BFH	B	1.13%	0.88%	0.88%
CCOI	B	0.8%	-0.33%	-0.33%
CHRW	C	0.99%	0.61%	0.61%
CMA	A	0.85%	0.71%	0.71%
CNA	B	0.7%	0.37%	0.37%
ENOV	C	0.51%	-0.18%	-0.18%
FL	F	0.68%	-0.12%	-0.12%
FTDR	A	1.15%	0.58%	0.58%
GEN	B	0.93%	0.68%	0.68%
JBLU	F	0.67%	-0.09%	-0.09%
LITE	B	1.19%	-0.6%	-0.6%
MASI	A	0.75%	-0.17%	-0.17%
MKTX	D	0.81%	-0.29%	-0.29%
NRG	B	0.82%	0.71%	0.71%
OUT	A	0.75%	0.36%	0.36%
PNW	B	0.8%	0.48%	0.48%
RIVN	F	0.72%	-0.42%	-0.42%
UHS	D	0.75%	0.7%	0.7%
ZI	D	0.42%	-0.36%	-0.36%

NIXT Overweight 114 Positions Relative to CLSE

Symbol	Grade	Weight
LUMN	C	4.02%
TDS	B	1.29%
HBI	B	1.18%
LBRDK	C	1.13%
SIRI	C	1.08%
VNO	B	1.0%
DNLI	D	1.0%
SLG	B	1.0%
OMCL	C	0.98%
SNDR	B	0.96%
BKU	A	0.96%
VFC	C	0.95%
MAC	B	0.89%
DEI	B	0.87%
UAA	C	0.86%
BXP	D	0.82%
SMTC	B	0.82%
AMBA	B	0.81%
FHB	A	0.81%
PNM	F	0.81%
SABR	C	0.8%
LOPE	B	0.8%
EQH	B	0.8%
REG	B	0.79%
LNC	B	0.79%
FNF	B	0.78%
MSGS	A	0.77%
RL	B	0.77%
HIW	D	0.77%
TNL	A	0.76%
SHC	F	0.75%
OGS	A	0.75%
PAYC	B	0.75%
ELS	C	0.75%
BIO	D	0.74%
JWN	C	0.74%
TFSL	A	0.74%
RNG	B	0.74%
KMX	B	0.73%
VYX	B	0.73%
DBX	B	0.73%
ALLY	C	0.72%
MP	B	0.72%
CRUS	D	0.72%
ZD	C	0.7%
SAM	C	0.7%
NWL	B	0.7%
FRT	B	0.69%
EPR	D	0.69%
DXC	B	0.69%
EMN	D	0.69%
HE	C	0.68%
EQC	B	0.68%
ALE	A	0.68%
CTLT	B	0.67%
PINC	B	0.67%
NVST	B	0.66%
APLE	B	0.66%
YETI	C	0.66%
JKHY	D	0.65%
JBGS	D	0.65%
CAR	C	0.64%
SPR	D	0.63%
HAS	D	0.63%
IAC	D	0.63%
GAP	C	0.63%
HLF	C	0.62%
MTCH	D	0.62%
FMC	D	0.61%
CABO	C	0.61%
NEU	C	0.61%
AMED	F	0.61%
NOMD	D	0.6%
PARA	C	0.59%
ASAN	C	0.59%
RAMP	C	0.58%
NGVT	B	0.58%
HAE	C	0.58%
HST	C	0.58%
VAC	B	0.58%
TFX	F	0.57%
SGRY	F	0.57%
NOV	C	0.56%
PK	B	0.56%
HP	B	0.54%
AZTA	D	0.54%
PLUG	F	0.53%
HTZ	C	0.51%
CBRL	C	0.51%
MOS	F	0.51%
IART	C	0.5%
VIR	D	0.5%
LCID	F	0.5%
BMBL	C	0.49%
HELE	C	0.46%
ETSY	D	0.46%
CRI	D	0.46%
AEO	F	0.45%
MQ	F	0.44%
NSP	D	0.44%
BBWI	D	0.43%
ACLS	F	0.43%
KSS	F	0.43%
XRX	F	0.4%
NTLA	F	0.39%
CVI	F	0.39%
XRAY	F	0.39%
LEG	F	0.39%
MRVI	F	0.37%
QRVO	F	0.35%
TRIP	F	0.32%
SVC	F	0.27%
SAGE	F	0.22%
AGL	F	0.19%

NIXT Underweight 314 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%
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%
LNG	B	-0.97%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
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%
FTI	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%
TMUS	B	-0.7%
CEIX	A	-0.7%
VRT	B	-0.68%
APH	A	-0.67%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	B	-0.66%
MWA	B	-0.65%
BLK	C	-0.65%
JPM	A	-0.64%
EXPE	B	-0.61%
TSN	B	-0.6%
FFIV	B	-0.6%
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%
GOOG	C	-0.49%
UI	A	-0.49%
EXP	A	-0.48%
CACI	D	-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%
CF	B	-0.37%
GRMN	B	-0.37%
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%
VLO	C	-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%
FLR	B	-0.21%
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%
AES	F	--0.08%
FLYW	C	--0.08%
GNTX	C	--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%
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%
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%
AJG	B	--0.17%
KRG	B	--0.17%
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	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%
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%
PTEN	C	--0.27%
MNST	C	--0.28%
SOFI	A	--0.28%
ESTC	C	--0.29%
MDB	C	--0.29%
XP	F	--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%
LPLA	A	--0.34%
ZBRA	B	--0.34%
ABNB	C	--0.34%
INSP	D	--0.34%
FCNCA	A	--0.35%
APO	B	--0.35%
CACC	D	--0.36%
COHR	B	--0.36%
BBIO	F	--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%
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%
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%