RPAR vs. CLSE ETF Comparison

Comparison of RPAR Risk Parity ETF (RPAR) to Convergence Long/Short Equity ETF (CLSE)

RPAR

RPAR Risk Parity ETF

RPAR Description

The investment seeks generate positive returns during periods of economic growth, preserve capital during periods of economic contraction, and preserve real rates of return during periods of heightened inflation. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing across a variety of asset classes, including exposure to global equity securities, U.S. Treasury securities, and commodities. It's investment adviser seeks to invest the fund's assets to achieve exposures similar to those of the Advanced Research Risk Parity Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.45

Average Daily Volume

24,664

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

$21.94

Average Daily Volume

53,460

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	RPAR	CLSE
30 Days	1.92%	2.05%
60 Days	5.49%	4.63%
90 Days	6.17%	1.81%
12 Months	13.06%	37.03%

10 Overlapping Holdings

Symbol	Grade	Weight in RPAR	Weight in CLSE	Overlap
AGCO	D	0.07%	-0.24%	-0.24%
CNH	D	0.14%	-0.19%	-0.19%
CVX	D	0.65%	0.51%	0.51%
DVN	F	0.06%	0.35%	0.06%
ENPH	D	0.16%	-0.32%	-0.32%
EQT	D	0.05%	-0.26%	-0.26%
FCX	D	0.42%	0.38%	0.38%
SCCO	D	0.55%	0.39%	0.39%
XOM	C	1.28%	0.58%	0.58%
XYL	D	0.12%	-0.23%	-0.23%

RPAR Overweight 26 Positions Relative to CLSE

Symbol	Grade	Weight
GLDM	B	10.01%
DE	B	1.17%
BHP	D	0.95%
RIO	D	0.75%
CTVA	B	0.41%
TTE	D	0.41%
VALE	D	0.34%
COP	D	0.29%
FSLR	C	0.26%
ECL	B	0.26%
BP	D	0.21%
EQNR	F	0.18%
EOG	D	0.17%
CF	C	0.14%
E	C	0.12%
OXY	F	0.11%
AWK	B	0.1%
SQM	D	0.09%
TTC	D	0.09%
HES	F	0.09%
FMC	C	0.08%
MOS	F	0.08%
FANG	D	0.07%
IEX	D	0.06%
EC	F	0.05%
CTRA	F	0.04%

RPAR Underweight 316 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	D	-4.12%
META	B	-3.15%
GOOGL	D	-2.93%
QCOM	D	-2.58%
AVGO	C	-2.58%
AMZN	C	-2.5%
AAPL	C	-2.26%
WMT	C	-2.07%
APP	C	-2.04%
ANET	B	-1.86%
IBM	B	-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%
ORCL	C	-1.22%
DOCU	C	-1.21%
HD	B	-1.17%
ACIW	C	-1.12%
MSFT	C	-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%
NTRS	A	-0.91%
AVT	C	-0.88%
UHS	B	-0.87%
SYF	C	-0.86%
THC	A	-0.85%
AMRX	B	-0.85%
NTNX	C	-0.84%
DVA	B	-0.82%
EME	B	-0.81%
SEIC	C	-0.81%
PG	C	-0.81%
MO	C	-0.81%
BAC	D	-0.81%
VLO	F	-0.79%
JPM	D	-0.77%
MLI	B	-0.75%
FTDR	B	-0.75%
MPC	F	-0.74%
CNC	D	-0.73%
BG	D	-0.72%
PPC	D	-0.72%
JXN	A	-0.72%
MCK	F	-0.71%
UMBF	B	-0.71%
IDCC	C	-0.7%
RF	B	-0.69%
CHRW	B	-0.66%
IIPR	B	-0.65%
IESC	D	-0.63%
OSCR	B	-0.63%
GVA	B	-0.63%
NEM	B	-0.62%
FITB	B	-0.61%
CAH	C	-0.61%
STRL	B	-0.6%
VRT	C	-0.59%
MUSA	D	-0.59%
TSLA	C	-0.59%
CFG	C	-0.57%
TSN	C	-0.57%
UNP	C	-0.57%
PATK	B	-0.55%
WFC	D	-0.55%
AMGN	B	-0.55%
PNW	C	-0.55%
PGR	B	-0.55%
NEE	C	-0.55%
MTZ	B	-0.54%
LMT	C	-0.54%
GM	C	-0.54%
PRIM	B	-0.54%
AVA	C	-0.54%
MET	B	-0.54%
NRG	C	-0.54%
SLVM	B	-0.53%
MWA	B	-0.53%
HRB	C	-0.53%
EXPE	C	-0.53%
RGA	C	-0.53%
VST	C	-0.53%
MRK	D	-0.53%
RTX	C	-0.51%
FDX	C	-0.5%
BMY	C	-0.49%
ADMA	B	-0.49%
CNA	C	-0.49%
NSA	B	-0.48%
KLAC	D	-0.47%
LNTH	D	-0.46%
EEFT	D	-0.45%
EQR	B	-0.44%
RGLD	C	-0.43%
REZI	D	-0.43%
ACT	B	-0.42%
SPG	B	-0.41%
LAMR	B	-0.41%
KMB	D	-0.4%
SAIC	C	-0.4%
MRO	D	-0.39%
LDOS	B	-0.38%
J	C	-0.36%
CTRE	C	-0.36%
BCO	B	-0.36%
GRMN	D	-0.35%
KNF	B	-0.35%
ABM	D	-0.34%
TOL	B	-0.34%
CAT	B	-0.33%
STAG	C	-0.33%
GLW	C	-0.32%
JLL	B	-0.32%
ALSN	B	-0.32%
ANF	D	-0.32%
NFLX	B	-0.31%
SM	F	-0.31%
VTRS	D	-0.31%
EXP	B	-0.31%
NVR	B	-0.3%
IBP	D	-0.27%
CPNG	B	-0.26%
BKNG	C	-0.25%
CCL	C	-0.24%
KR	C	-0.17%
ADUS	B	-0.15%
SPOT	B	-0.13%
ALNY	C	-0.12%
NTRA	C	-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	D	--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	F	--0.1%
WOR	D	--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%
EXR	B	--0.15%
AESI	C	--0.15%
PYCR	D	--0.15%
CG	D	--0.15%
DAY	D	--0.15%
MTN	D	--0.15%
UHAL	A	--0.16%
CLDX	C	--0.16%
PCH	C	--0.16%
WTRG	D	--0.16%
BIRK	F	--0.16%
KRG	B	--0.16%
ILMN	C	--0.16%
WAL	B	--0.16%
UEC	D	--0.17%
VNO	C	--0.17%
GTLS	F	--0.17%
SJM	C	--0.17%
ENOV	D	--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%
FCNCA	D	--0.19%
WY	C	--0.19%
LAD	D	--0.19%
COTY	F	--0.2%
COLB	B	--0.2%
TMDX	D	--0.2%
CINF	C	--0.2%
EL	F	--0.2%
TFC	C	--0.2%
LKQ	F	--0.2%
AVAV	C	--0.2%
WOLF	F	--0.2%
AJG	D	--0.21%
LUV	C	--0.21%
GPOR	D	--0.21%
SOFI	C	--0.21%
BX	B	--0.21%
RNR	C	--0.22%
SHC	C	--0.22%
IRTC	F	--0.22%
CNX	B	--0.22%
DXCM	F	--0.22%
RBA	B	--0.22%
WBA	F	--0.22%
CIEN	C	--0.22%
AEIS	D	--0.23%
TTD	B	--0.23%
WTM	D	--0.23%
SW	B	--0.23%
IPAR	F	--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%
MS	D	--0.25%
VSH	F	--0.25%
WAT	C	--0.25%
ALB	D	--0.26%
AL	D	--0.26%
APD	B	--0.26%
SITE	C	--0.26%
FLYW	F	--0.26%
WSC	D	--0.26%
CSCO	C	--0.27%
VVV	D	--0.27%
GT	F	--0.27%
HASI	C	--0.27%
CELH	F	--0.28%
HSY	C	--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%
PEN	D	--0.32%
REGN	C	--0.32%
FOUR	C	--0.33%
SRE	C	--0.33%
EVTC	D	--0.33%
RGEN	D	--0.33%
EXAS	C	--0.34%
IAC	C	--0.34%
TOST	C	--0.34%
D	C	--0.34%
LPLA	D	--0.35%
MARA	F	--0.35%
ZI	D	--0.36%
ADBE	F	--0.36%
GE	B	--0.36%
LVS	D	--0.36%
ON	D	--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	F	--0.43%
FIVE	D	--0.45%
TTWO	C	--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	F	--0.5%
CFLT	F	--0.5%
BILL	D	--0.5%
DV	F	--0.5%
POOL	C	--0.54%
SMCI	F	--0.55%
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%