SVAL vs. CLSE ETF Comparison

Comparison of iShares US Small Cap Value Factor ETF (SVAL) to Convergence Long/Short Equity ETF (CLSE)

SVAL

iShares US Small Cap Value Factor ETF

SVAL Description

The investment seeks to track the investment results of the Russell 2000 Focused Value Select Index composed of U.S. small-capitalization stocks with prominent value characteristics. The index measures the performance of small-capitalization U.S. companies with prominent value factor characteristics, as determined by the index provider. The fund generally will invest at least 80% of its assets in the component securities and other instruments of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

85,692

Number of Holdings ^*

228

* 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

$22.20

Average Daily Volume

47,703

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

Performance

Period	SVAL	CLSE
30 Days	-3.35%	2.35%
60 Days	-5.60%	7.56%
90 Days	9.02%	2.21%
12 Months	21.44%	37.80%

13 Overlapping Holdings

Symbol	Grade	Weight in SVAL	Weight in CLSE	Overlap
ACT	C	0.47%	0.46%	0.46%
BANC	C	0.42%	-0.2%	-0.2%
CNX	A	0.49%	-0.24%	-0.24%
MHO	A	0.71%	0.19%	0.19%
MLI	B	0.67%	0.77%	0.67%
PATK	B	0.67%	0.58%	0.58%
PPBI	D	0.0%	-0.14%	-0.14%
PTEN	F	0.19%	-0.26%	-0.26%
REZI	F	0.45%	0.44%	0.44%
SM	F	0.35%	0.33%	0.33%
UMBF	C	0.59%	0.73%	0.59%
VSH	F	0.27%	-0.25%	-0.25%
WOR	F	0.23%	-0.05%	-0.05%

SVAL Overweight 215 Positions Relative to CLSE

Symbol	Grade	Weight
EBC	D	0.9%
SKYW	B	0.71%
HTLF	C	0.67%
TILE	B	0.66%
KBH	C	0.65%
LC	D	0.64%
MTH	B	0.59%
LOB	C	0.58%
AX	D	0.58%
TPH	B	0.58%
TMHC	B	0.58%
ARIS	C	0.58%
MBIN	D	0.57%
FBK	D	0.57%
GBCI	D	0.56%
MATX	B	0.56%
AKR	B	0.56%
UVSP	D	0.55%
UVE	C	0.55%
CALM	A	0.54%
CCS	C	0.54%
KFY	C	0.54%
HSII	B	0.53%
NMIH	C	0.53%
STGW	C	0.53%
INVA	B	0.52%
QCRH	D	0.52%
TTMI	D	0.51%
CNO	C	0.51%
PRG	C	0.51%
SASR	C	0.51%
GABC	D	0.5%
GMS	D	0.5%
SPNT	D	0.5%
FMBH	D	0.5%
TOWN	D	0.5%
AVNT	B	0.5%
SRCE	D	0.49%
JAKK	C	0.49%
GHC	B	0.49%
HBNC	D	0.49%
CTBI	D	0.49%
SIG	C	0.49%
ESNT	C	0.48%
NIC	D	0.48%
PFC	D	0.48%
NTB	D	0.48%
HWC	D	0.48%
BZH	B	0.48%
WKC	B	0.48%
CNOB	C	0.48%
BCC	B	0.48%
LZB	C	0.48%
AEO	C	0.47%
ESGR	D	0.47%
STNG	D	0.47%
BY	D	0.47%
BUSE	D	0.47%
UBSI	D	0.47%
WAFD	D	0.47%
EFSC	D	0.47%
EGY	D	0.46%
BNL	B	0.46%
TCBK	D	0.46%
FRME	D	0.46%
HCC	D	0.45%
ONB	D	0.45%
BXC	D	0.45%
THFF	D	0.45%
HOMB	D	0.45%
UFPI	B	0.45%
AOSL	D	0.44%
ASB	F	0.44%
FOR	D	0.43%
CFFN	D	0.43%
FIBK	D	0.43%
ALE	A	0.43%
RNST	D	0.43%
AMWD	C	0.43%
CCB	C	0.43%
LPG	F	0.42%
UNFI	B	0.42%
VSTO	D	0.42%
NWE	A	0.42%
STEL	D	0.42%
TCBI	C	0.42%
CVLG	D	0.42%
WASH	D	0.42%
NFBK	D	0.42%
INSW	C	0.41%
CAL	F	0.41%
KELYA	D	0.41%
PEBO	D	0.41%
TMP	D	0.41%
DEA	D	0.41%
SCS	D	0.41%
FDP	B	0.4%
OSBC	D	0.4%
SBSI	D	0.4%
HTBK	D	0.4%
HUBG	D	0.4%
HTH	D	0.39%
CXW	F	0.39%
FFIC	D	0.38%
ARCB	D	0.38%
OBK	F	0.38%
MNRO	C	0.37%
PGC	D	0.37%
METC	D	0.37%
ABG	D	0.37%
MGY	C	0.37%
ETD	B	0.37%
SPTN	B	0.36%
RMR	B	0.36%
LCII	B	0.36%
VLY	C	0.36%
APLE	D	0.35%
NX	F	0.35%
ASIX	B	0.35%
WERN	D	0.35%
ARKO	C	0.35%
CEIX	B	0.35%
MLKN	F	0.35%
AAN	D	0.34%
ANDE	D	0.34%
MCS	B	0.34%
WGO	D	0.34%
THRY	F	0.33%
AMR	F	0.33%
GEF	C	0.33%
RLJ	D	0.33%
IIIN	F	0.33%
WNC	F	0.32%
CRC	B	0.32%
NOG	D	0.31%
MD	B	0.31%
REPX	D	0.3%
SXC	F	0.3%
HPK	F	0.3%
REI	F	0.29%
HTLD	F	0.29%
CLW	F	0.28%
FLGT	F	0.28%
ARCH	D	0.28%
ATSG	C	0.27%
LXU	D	0.27%
MUR	F	0.26%
DAN	F	0.26%
HP	F	0.25%
HNRG	C	0.24%
CVI	F	0.24%
RYI	F	0.24%
MTUS	F	0.24%
XRX	F	0.23%
DK	F	0.23%
BRY	F	0.22%
TWI	D	0.22%
TALO	F	0.22%
HDSN	D	0.22%
CMT	F	0.22%
RGP	F	0.22%
ODP	F	0.22%
ATKR	F	0.2%
BOOM	D	0.19%
WS	D	0.19%
OIS	F	0.19%
TBI	F	0.18%
PARR	F	0.17%
CVGI	F	0.16%
TH	F	0.16%
JRVR	F	0.14%
DTC	F	0.1%
MED	F	0.09%
EGBN	C	0.0%
CVBF	D	0.0%
BRKL	D	0.0%
HAFC	D	0.0%
JBGS	C	0.0%
EIG	B	0.0%
SBCF	D	0.0%
HMN	C	0.0%
TRST	D	0.0%
CATY	D	0.0%
INDB	D	0.0%
SFNC	C	0.0%
FFBC	D	0.0%
PRDO	D	0.0%
NWBI	D	0.0%
BHLB	D	0.0%
HFWA	D	0.0%
WSFS	D	0.0%
NBTB	D	0.0%
RDN	D	0.0%
BANR	C	0.0%
FCF	D	0.0%
NBHC	D	0.0%
CASH	D	0.0%
HOPE	D	0.0%
DCOM	C	0.0%
VBTX	C	0.0%
TRMK	D	0.0%
OFG	D	0.0%
FULT	D	0.0%
FBNC	D	0.0%
FBP	D	0.0%
GDOT	C	0.0%
ABCB	C	0.0%
CPF	C	0.0%
STC	C	0.0%
WABC	F	0.0%
STBA	D	0.0%
PFBC	D	0.0%
AUB	D	0.0%
CADE	D	0.0%
PFS	D	0.0%

SVAL Underweight 312 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-3.93%
META	A	-3.19%
GOOGL	C	-3.05%
AVGO	C	-2.6%
QCOM	D	-2.6%
AMZN	C	-2.44%
AAPL	C	-2.17%
APP	B	-1.96%
WMT	A	-1.95%
NTAP	D	-1.88%
ANET	B	-1.87%
CVNA	A	-1.74%
IBM	C	-1.71%
CVLT	C	-1.64%
HPE	C	-1.63%
GDDY	D	-1.55%
GOOG	C	-1.25%
ORCL	C	-1.23%
DOCU	B	-1.21%
HD	A	-1.18%
ACIW	A	-1.14%
MSFT	C	-1.12%
HALO	D	-1.05%
T	A	-1.03%
ABBV	A	-1.03%
PYPL	B	-1.03%
SNEX	C	-1.03%
AMG	C	-1.02%
JHG	C	-0.99%
NTRS	C	-0.98%
MU	D	-0.97%
JNJ	C	-0.96%
GILD	A	-0.93%
AVT	B	-0.92%
SYF	C	-0.9%
AMRX	A	-0.89%
OGN	D	-0.89%
THC	C	-0.85%
EME	C	-0.84%
DVA	B	-0.84%
IDCC	A	-0.83%
SEIC	B	-0.82%
BAC	D	-0.82%
UHS	D	-0.82%
VLO	F	-0.8%
NTNX	D	-0.8%
MO	B	-0.77%
FTDR	C	-0.76%
MPC	F	-0.74%
PPC	A	-0.73%
CNC	F	-0.73%
PG	C	-0.72%
BG	D	-0.72%
JXN	B	-0.69%
IIPR	C	-0.68%
GVA	B	-0.65%
STRL	C	-0.65%
CHRW	A	-0.63%
FITB	C	-0.62%
OSCR	C	-0.6%
JPM	D	-0.6%
CAH	B	-0.6%
UNP	C	-0.59%
RF	C	-0.59%
VST	A	-0.59%
XOM	B	-0.59%
TSLA	B	-0.58%
DVN	F	-0.58%
TSN	D	-0.57%
PRIM	C	-0.57%
WFC	D	-0.57%
CFG	D	-0.57%
SLVM	C	-0.56%
ADMA	B	-0.56%
MTZ	C	-0.56%
GM	D	-0.56%
NRG	A	-0.56%
AMGN	D	-0.55%
AVA	B	-0.55%
PNW	A	-0.55%
NEE	A	-0.55%
MET	A	-0.55%
PGR	C	-0.54%
IESC	B	-0.54%
RGA	C	-0.54%
MRK	F	-0.54%
MWA	B	-0.54%
NEM	C	-0.53%
LMT	A	-0.53%
CVX	D	-0.52%
FDX	D	-0.52%
VRT	B	-0.51%
HRB	C	-0.51%
BMY	B	-0.5%
EXPE	B	-0.5%
NSA	C	-0.49%
CNA	D	-0.49%
RTX	A	-0.49%
MUSA	D	-0.47%
LNTH	C	-0.47%
EEFT	F	-0.46%
KLAC	D	-0.46%
MCK	F	-0.45%
LAMR	C	-0.43%
EQR	C	-0.43%
RGLD	C	-0.42%
MRO	D	-0.41%
SCCO	B	-0.4%
LDOS	A	-0.4%
SPG	A	-0.4%
FCX	B	-0.39%
KMB	B	-0.39%
SAIC	B	-0.39%
KNF	C	-0.38%
CTRE	B	-0.36%
J	D	-0.36%
TOL	A	-0.35%
BCO	A	-0.34%
CAT	A	-0.34%
ABM	D	-0.34%
GLW	C	-0.33%
ALSN	A	-0.33%
EXP	C	-0.33%
STAG	D	-0.33%
IBP	C	-0.33%
NFLX	C	-0.31%
NVR	A	-0.31%
VTRS	D	-0.31%
JLL	B	-0.3%
CPNG	C	-0.27%
BKNG	C	-0.26%
CCL	C	-0.25%
ANF	D	-0.23%
KR	B	-0.17%
NTRA	B	-0.15%
SPOT	B	-0.13%
ADUS	C	-0.12%
ALNY	B	-0.12%
GRMN	D	-0.09%
QQQ	C	-0.0%
JOBY	F	--0.04%
AEE	A	--0.04%
BC	C	--0.05%
CAR	D	--0.06%
FOXF	F	--0.08%
AES	B	--0.08%
ALIT	D	--0.08%
CZR	C	--0.09%
NXST	D	--0.09%
DRVN	C	--0.1%
VAC	D	--0.1%
HGV	F	--0.1%
AWR	B	--0.1%
MCW	F	--0.1%
WTW	A	--0.1%
HHH	B	--0.11%
ACVA	C	--0.11%
AGL	F	--0.11%
PGNY	F	--0.12%
AAL	D	--0.12%
VAL	F	--0.12%
COLD	D	--0.12%
VSAT	F	--0.12%
VMC	D	--0.12%
CC	D	--0.13%
LAD	B	--0.13%
RBLX	C	--0.14%
AA	C	--0.14%
VFC	B	--0.14%
SJM	B	--0.15%
EXR	C	--0.15%
PCH	C	--0.15%
MTN	D	--0.15%
DAY	C	--0.15%
PYCR	D	--0.15%
CHDN	D	--0.16%
CLDX	F	--0.16%
CG	C	--0.16%
WY	B	--0.16%
WTRG	D	--0.16%
ILMN	C	--0.16%
AESI	C	--0.16%
KRG	C	--0.16%
CHK	C	--0.16%
CIEN	B	--0.17%
CGON	C	--0.17%
UHAL	A	--0.17%
WAL	C	--0.17%
OKE	C	--0.18%
GTLS	F	--0.18%
VNO	B	--0.18%
AVAV	B	--0.18%
UEC	C	--0.18%
HI	F	--0.18%
BEAM	F	--0.18%
ENOV	F	--0.18%
TXG	F	--0.18%
CNH	C	--0.19%
KNSL	D	--0.19%
BIRK	F	--0.2%
XPO	F	--0.2%
BE	F	--0.2%
APD	C	--0.2%
LKQ	F	--0.2%
WOLF	F	--0.2%
NTLA	F	--0.2%
CINF	A	--0.2%
TFC	D	--0.2%
TTD	C	--0.2%
FCNCA	D	--0.2%
COLB	C	--0.21%
RBA	D	--0.21%
LUV	C	--0.21%
IRTC	F	--0.21%
TMDX	D	--0.21%
AJG	D	--0.21%
AGCO	D	--0.21%
EL	D	--0.21%
SHC	C	--0.22%
SBUX	B	--0.22%
WBA	F	--0.22%
TREX	D	--0.22%
GPOR	B	--0.22%
SOFI	C	--0.22%
CSCO	A	--0.23%
IPAR	D	--0.23%
COTY	F	--0.23%
XYL	B	--0.23%
WTM	D	--0.23%
SW	B	--0.24%
DXCM	F	--0.24%
RNR	A	--0.24%
FLYW	F	--0.24%
AEIS	D	--0.24%
WSC	D	--0.25%
BIO	B	--0.25%
SUM	D	--0.25%
EQT	C	--0.26%
WAT	B	--0.26%
ALB	D	--0.26%
SITE	D	--0.27%
APLS	F	--0.27%
AL	D	--0.27%
HASI	C	--0.27%
GMED	D	--0.28%
GT	F	--0.28%
HSY	D	--0.28%
VVV	D	--0.28%
GE	C	--0.29%
CELH	F	--0.29%
LW	D	--0.29%
DLTR	F	--0.29%
FDS	C	--0.3%
PSA	C	--0.31%
INSP	C	--0.31%
LVS	B	--0.31%
PEN	D	--0.31%
SRE	A	--0.32%
TOST	B	--0.32%
D	A	--0.32%
NEOG	D	--0.32%
RVMD	B	--0.33%
EVTC	D	--0.33%
MARA	F	--0.33%
MRNA	F	--0.33%
MNST	D	--0.33%
ON	F	--0.34%
FOUR	B	--0.34%
LPLA	D	--0.35%
IAC	C	--0.35%
NDAQ	C	--0.35%
EXAS	C	--0.35%
ZI	D	--0.36%
BBIO	F	--0.36%
FIVN	F	--0.36%
ENPH	D	--0.36%
AFRM	C	--0.36%
MKTX	C	--0.36%
LYV	A	--0.37%
ADBE	F	--0.37%
KLIC	D	--0.37%
BA	F	--0.38%
ZBRA	C	--0.38%
RIOT	F	--0.39%
BRZE	F	--0.4%
RIVN	F	--0.4%
PATH	D	--0.4%
C	B	--0.42%
WBD	D	--0.43%
CCOI	B	--0.44%
CGNX	F	--0.44%
GLOB	D	--0.45%
TTWO	F	--0.46%
SATS	C	--0.46%
MDB	D	--0.47%
FIVE	D	--0.48%
DV	F	--0.49%
BILL	D	--0.49%
MCHP	F	--0.51%
CFLT	F	--0.53%
RH	C	--0.56%
POOL	B	--0.57%
LBRDK	C	--0.58%
SMCI	F	--0.58%
WDC	C	--0.6%
U	D	--0.63%
FND	B	--0.63%
LSCC	D	--0.65%
GFS	F	--0.67%
LITE	C	--0.73%
TXN	C	--0.86%
INTC	D	--0.89%