TRFM vs. CLSE ETF Comparison

Comparison of AAM Transformers ETF (TRFM) to Convergence Long/Short Equity ETF (CLSE)

TRFM

AAM Transformers ETF

TRFM Description

AAM Transformers ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Advisors Asset Management, Inc. and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across aerospace & defense, electronic components, IT consulting & other services, alternative carriers, electronic equipment & instruments, oil & gas refining & marketing, application software, heavy electrical equipment, independent power and renewable electricity producers, automobile manufacturers, hotels, resorts & cruise lines and leisure, semiconductors and semiconductor equipment, communications equipment, industrial machinery, consumer electronics, interactive home entertainment, specialty chemicals, copper, interactive media & services, systems software, data processing & outsourced services, internet & direct marketing retail, technology hardware and equipment, storage & peripherals, electrical components & equipment, internet services & infrastructure, trucking, communication services, media and entertainment, telecommunication services, diversified telecommunication services, consumer discretionary, automobiles and components, consumer durables and apparel, household durables, consumer services, retailing, energy, oil, gas and consumable fuels, industrials, capital goods, machinery, transportation, road and rail, information technology, software and services, IT services, materials, chemicals, metals and mining, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Pence Transformers Index, by using full replication technique. AAM Transformers ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.97

Average Daily Volume

2,686

Number of Holdings ^*

173

* 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

63,329

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	TRFM	CLSE
30 Days	6.30%	4.36%
60 Days	11.79%	7.10%
90 Days	12.64%	9.99%
12 Months	32.62%	40.17%

48 Overlapping Holdings

Symbol	Grade	Weight in TRFM	Weight in CLSE	Overlap
AAPL	C	0.79%	0.83%	0.79%
ABBV	F	0.51%	0.72%	0.51%
ABNB	D	0.64%	-0.34%	-0.34%
AEIS	B	0.3%	0.07%	0.07%
AES	F	0.21%	-0.08%	-0.08%
AFRM	A	0.36%	-0.35%	-0.35%
ALGM	F	0.24%	-0.45%	-0.45%
AMZN	B	0.98%	2.53%	0.98%
ANET	C	0.69%	1.83%	0.69%
APH	B	0.66%	0.67%	0.66%
APP	A	1.83%	2.25%	1.83%
AVAV	C	0.31%	-0.13%	-0.13%
AVGO	C	1.0%	2.28%	1.0%
BA	D	0.48%	-0.4%	-0.4%
BE	A	0.34%	-0.21%	-0.21%
BILL	B	0.41%	-0.26%	-0.26%
BRZE	C	0.26%	-0.56%	-0.56%
CDNS	B	0.67%	-0.46%	-0.46%
CFLT	B	0.37%	-0.47%	-0.47%
CGNX	D	0.27%	-0.45%	-0.45%
COHR	B	0.38%	-0.36%	-0.36%
CPNG	D	0.64%	0.77%	0.64%
FLYW	B	0.31%	-0.08%	-0.08%
FOUR	A	0.34%	-0.27%	-0.27%
FSLR	F	0.48%	-1.26%	-1.26%
GOOGL	B	0.93%	3.47%	0.93%
GTLB	B	0.29%	-0.32%	-0.32%
GTLS	A	0.39%	-0.15%	-0.15%
LITE	B	0.43%	-0.6%	-0.6%
LRCX	F	0.55%	0.0%	0.0%
MDB	C	0.58%	-0.29%	-0.29%
META	C	0.91%	3.3%	0.91%
MPWR	F	0.41%	0.3%	0.3%
MU	D	0.63%	2.13%	0.63%
NTNX	B	0.3%	1.16%	0.3%
NVDA	A	1.12%	4.61%	1.12%
ORCL	A	1.05%	1.33%	1.05%
PINS	F	0.56%	-0.41%	-0.41%
RBLX	B	0.66%	-0.41%	-0.41%
RIVN	F	0.23%	-0.42%	-0.42%
SMCI	F	0.29%	-0.47%	-0.47%
SNPS	C	0.66%	-0.44%	-0.44%
STNE	F	0.24%	-0.27%	-0.27%
TEAM	A	0.77%	-0.27%	-0.27%
TSLA	A	1.22%	1.22%	1.22%
TTWO	A	0.63%	-0.43%	-0.43%
TXN	C	0.82%	-0.81%	-0.81%
VST	A	1.06%	0.55%	0.55%

TRFM Overweight 125 Positions Relative to CLSE

Symbol	Grade	Weight
CRM	B	1.1%
ETN	B	1.02%
NOW	B	0.99%
PANW	B	0.94%
AXON	A	0.92%
GEV	A	0.92%
INTU	B	0.89%
MA	B	0.86%
V	A	0.86%
SHOP	B	0.84%
IBM	C	0.83%
MSFT	D	0.83%
RKLB	B	0.82%
AMD	F	0.81%
UBER	F	0.8%
HUBS	B	0.78%
CRWD	B	0.78%
DASH	A	0.77%
SQ	A	0.76%
ZS	B	0.74%
ADBE	D	0.74%
FICO	B	0.74%
MRVL	B	0.74%
EMR	A	0.72%
FTNT	B	0.71%
HWM	A	0.69%
NET	B	0.68%
ADSK	B	0.68%
CPAY	A	0.67%
SE	A	0.67%
SNOW	C	0.66%
AME	A	0.65%
DDOG	A	0.65%
IOT	A	0.65%
TCOM	B	0.64%
HEI	A	0.6%
PDD	D	0.6%
RDDT	A	0.59%
WDAY	C	0.59%
FTV	D	0.59%
GFS	C	0.58%
TYL	B	0.58%
TSM	B	0.58%
TDG	D	0.57%
ARM	F	0.56%
STX	D	0.55%
SAP	B	0.53%
ACN	C	0.53%
KLAC	F	0.5%
ZK	C	0.49%
MELI	D	0.48%
CLSK	C	0.47%
CRDO	B	0.47%
ASML	F	0.44%
PAY	A	0.43%
TOST	A	0.43%
LYFT	C	0.41%
MARA	C	0.41%
XPEV	C	0.4%
SITM	B	0.39%
GRAB	A	0.38%
RBRK	A	0.37%
BILI	C	0.36%
VERX	A	0.36%
RMBS	C	0.36%
GNRC	B	0.35%
MTSI	B	0.34%
PCOR	C	0.34%
SNAP	D	0.33%
EXLS	B	0.33%
GLBE	A	0.33%
GDS	C	0.33%
NVT	C	0.32%
S	B	0.32%
CWAN	B	0.32%
AI	B	0.32%
ALKT	B	0.32%
AGYS	A	0.31%
IPGP	D	0.31%
HUBB	B	0.31%
GLOB	C	0.31%
LI	F	0.31%
SMTC	C	0.31%
BMI	C	0.3%
ERJ	A	0.3%
PTC	B	0.3%
PI	D	0.3%
ITT	A	0.3%
MNDY	D	0.29%
FROG	C	0.29%
WWD	B	0.28%
FLNC	C	0.28%
CLBT	B	0.28%
DCI	B	0.28%
CYBR	A	0.28%
AMBA	B	0.28%
EVTC	B	0.28%
BZ	F	0.28%
APPF	C	0.27%
NDSN	D	0.27%
DT	C	0.27%
SMAR	A	0.27%
DLO	C	0.27%
POWI	D	0.27%
ORA	B	0.27%
ASX	D	0.27%
ENS	D	0.26%
AY	A	0.26%
SYNA	D	0.26%
ENTG	F	0.25%
SLAB	F	0.25%
SPSC	F	0.25%
HCP	B	0.25%
FORM	F	0.24%
AIN	C	0.24%
OLED	F	0.23%
SPR	D	0.23%
ONTO	F	0.23%
NIO	F	0.23%
PAGS	F	0.22%
TER	F	0.22%
UMC	F	0.21%
MQ	F	0.2%
ZETA	D	0.18%
RUN	F	0.14%

TRFM Underweight 289 Positions Relative to CLSE

Symbol	Grade	Weight
HPE	B	-1.92%
CVNA	A	-1.85%
WMT	A	-1.82%
QCOM	F	-1.73%
IDCC	B	-1.51%
GDDY	A	-1.42%
CVLT	B	-1.4%
DOCU	B	-1.37%
PYPL	B	-1.33%
ACIW	B	-1.3%
JHG	B	-1.21%
HD	A	-1.13%
SYF	B	-1.11%
BMY	A	-1.11%
NTRS	A	-1.08%
GILD	C	-1.07%
SNEX	B	-1.06%
PLTR	A	-1.02%
NTAP	C	-1.0%
LNG	A	-0.97%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	B	-0.88%
GM	B	-0.87%
COR	B	-0.86%
CAH	B	-0.86%
PPC	B	-0.85%
GVA	A	-0.84%
MLI	B	-0.84%
CARG	B	-0.83%
JNJ	D	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
NFLX	A	-0.79%
THC	C	-0.78%
FITB	B	-0.78%
DVA	C	-0.78%
IESC	A	-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	A	-0.68%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	A	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	B	-0.65%
JPM	A	-0.64%
CHRW	B	-0.61%
EXPE	B	-0.61%
TSN	B	-0.6%
FFIV	B	-0.6%
FTDR	B	-0.58%
AMG	C	-0.58%
LDOS	C	-0.55%
RGA	B	-0.55%
GLW	B	-0.52%
MET	A	-0.52%
SLVM	C	-0.5%
GOOG	B	-0.49%
UI	A	-0.49%
EXP	B	-0.48%
CACI	C	-0.48%
PNW	B	-0.48%
AVA	C	-0.47%
UNP	D	-0.47%
PGR	B	-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%
CF	A	-0.37%
GRMN	B	-0.37%
OUT	A	-0.36%
EQR	C	-0.35%
CCL	A	-0.35%
CDP	C	-0.34%
RGLD	C	-0.32%
CNC	F	-0.31%
PTON	C	-0.31%
LAMR	D	-0.31%
J	D	-0.31%
CVS	F	-0.29%
VLO	C	-0.29%
T	A	-0.29%
MDT	D	-0.29%
IIPR	F	-0.28%
APA	F	-0.25%
NVR	D	-0.24%
VRTX	D	-0.23%
MATX	B	-0.22%
NEM	D	-0.22%
TOL	B	-0.22%
EEFT	C	-0.22%
FLR	B	-0.21%
JLL	D	-0.2%
MUSA	B	-0.2%
ABM	B	-0.19%
BAH	D	-0.18%
KR	B	-0.17%
NTRA	A	-0.17%
BOX	B	-0.17%
JAZZ	C	-0.16%
FOXA	B	-0.14%
EXPD	D	-0.14%
FN	B	-0.13%
PRU	B	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CINF	A	-0.12%
CDE	C	-0.11%
ILMN	C	-0.1%
INCY	C	-0.07%
HQY	A	-0.07%
QQQ	B	-0.0%
LNTH	F	-0.0%
PENN	C	--0.05%
KNX	B	--0.06%
HGV	C	--0.06%
HUN	F	--0.07%
EXAS	D	--0.07%
RYN	D	--0.07%
COOP	B	--0.07%
CCS	F	--0.07%
BC	D	--0.08%
JOE	F	--0.08%
GNTX	F	--0.09%
JBLU	F	--0.09%
NSC	B	--0.1%
MCW	C	--0.1%
ABG	B	--0.1%
ATO	A	--0.1%
ACVA	A	--0.11%
ENPH	F	--0.11%
CGON	F	--0.11%
EL	F	--0.12%
RBA	A	--0.12%
FL	F	--0.12%
PCH	D	--0.12%
DLR	A	--0.13%
EXR	C	--0.13%
STLD	B	--0.13%
ALIT	C	--0.13%
VMC	B	--0.13%
MLM	B	--0.13%
BPOP	C	--0.14%
PYCR	C	--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	F	--0.15%
APD	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	B	--0.16%
ALB	B	--0.16%
UHAL	D	--0.16%
AGO	A	--0.16%
EW	C	--0.16%
SITE	D	--0.16%
SW	A	--0.17%
TEX	D	--0.17%
TREX	D	--0.17%
MDGL	C	--0.17%
LKQ	F	--0.17%
MASI	B	--0.17%
AJG	B	--0.17%
KRG	A	--0.17%
ENOV	C	--0.18%
CHDN	C	--0.18%
UEC	A	--0.18%
EBC	B	--0.18%
AGCO	F	--0.18%
COTY	F	--0.18%
AL	B	--0.18%
CNH	C	--0.18%
BRKR	F	--0.18%
C	B	--0.19%
WAL	B	--0.19%
AIR	B	--0.19%
KNSL	B	--0.2%
SRE	A	--0.2%
GATX	B	--0.2%
BIRK	D	--0.2%
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	C	--0.22%
SUM	B	--0.22%
EQT	A	--0.23%
PSA	C	--0.23%
XYL	D	--0.23%
WTRG	B	--0.24%
ELF	C	--0.24%
IONS	F	--0.24%
GPOR	A	--0.24%
CELH	F	--0.24%
HSY	F	--0.24%
DELL	B	--0.25%
LW	C	--0.25%
KEY	B	--0.25%
NEOG	D	--0.26%
AUR	C	--0.26%
AWK	C	--0.26%
VAL	F	--0.27%
MSCI	B	--0.27%
PTEN	C	--0.27%
MNST	C	--0.28%
SOFI	A	--0.28%
ESTC	C	--0.29%
XP	F	--0.29%
MKTX	D	--0.29%
CYTK	D	--0.3%
LYV	A	--0.3%
NDAQ	A	--0.3%
APLS	F	--0.3%
APTV	F	--0.32%
VVV	D	--0.33%
CCOI	B	--0.33%
LPLA	A	--0.34%
ZBRA	B	--0.34%
INSP	F	--0.34%
FCNCA	A	--0.35%
APO	A	--0.35%
CACC	F	--0.36%
BBIO	F	--0.36%
ZI	D	--0.36%
BEN	C	--0.36%
ON	F	--0.39%
DG	F	--0.4%
SATS	C	--0.4%
DLTR	F	--0.41%
U	F	--0.41%
WBD	B	--0.43%
DV	C	--0.45%
GE	D	--0.46%
MRNA	F	--0.47%
RH	D	--0.47%
CHTR	B	--0.48%
CSCO	B	--0.52%
FND	F	--0.53%
FIVE	F	--0.56%
NWS	A	--0.57%
WST	D	--0.59%
POOL	D	--0.61%
MCHP	F	--0.63%
DXCM	C	--0.63%
WDC	F	--0.65%
LSCC	D	--0.7%
ROP	C	--0.7%
INTC	C	--0.93%

TRFM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Aerospace & Defense Semiconductor Equipment & Materials Information Technology Services Auto Manufacturers Diversified Industrials Electronic Components Internet Content & Information Scientific & Technical Instruments Business Services Internet Content & Information Specialty Retail Utilities - Independent Power Producers Communication Equipment Credit Services Data Storage Electronic Gaming & Multimedia Internet Retail