ULVM vs. CLSE ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to Convergence Long/Short Equity ETF (CLSE)

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$80.40

Average Daily Volume

576

Number of Holdings ^*

124

* 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

$22.30

Average Daily Volume

47,240

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	CLSE
30 Days	0.83%	2.81%
60 Days	7.33%	8.04%
90 Days	7.71%	2.67%
12 Months	35.77%	38.57%

48 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in CLSE	Overlap
APP	A	0.45%	1.96%	0.45%
AVGO	C	0.47%	2.6%	0.47%
BAC	D	0.84%	0.82%	0.82%
C	B	0.79%	-0.42%	-0.42%
CFG	D	0.61%	0.57%	0.57%
CNC	F	0.72%	0.73%	0.72%
CVNA	A	0.28%	1.74%	0.28%
EME	C	0.71%	0.84%	0.71%
FCNCA	D	0.63%	-0.2%	-0.2%
FDX	D	0.58%	0.52%	0.52%
FITB	C	0.74%	0.62%	0.62%
GDDY	D	0.86%	1.55%	0.86%
GE	C	0.72%	-0.29%	-0.29%
GM	D	0.64%	0.56%	0.56%
GOOGL	B	0.73%	3.05%	0.73%
GRMN	D	0.74%	0.09%	0.09%
HPE	B	0.59%	1.63%	0.59%
IBM	B	0.95%	1.71%	0.95%
INTC	D	0.41%	-0.89%	-0.89%
JPM	D	0.95%	0.6%	0.6%
KR	C	0.98%	0.17%	0.17%
LDOS	A	1.1%	0.4%	0.4%
LMT	A	1.36%	0.53%	0.53%
MCK	F	0.78%	0.45%	0.45%
META	A	0.54%	3.19%	0.54%
MPC	F	0.63%	0.74%	0.63%
MRNA	F	0.26%	-0.33%	-0.33%
MU	D	0.47%	0.97%	0.47%
NTAP	D	0.63%	1.88%	0.63%
NVDA	C	0.37%	3.93%	0.37%
NVR	A	0.85%	0.31%	0.31%
RGA	C	0.87%	0.54%	0.54%
RTX	A	1.1%	0.49%	0.49%
SPG	A	0.84%	0.4%	0.4%
SYF	B	0.66%	0.9%	0.66%
T	A	1.1%	1.03%	1.03%
TFC	D	0.71%	-0.2%	-0.2%
THC	C	0.6%	0.85%	0.6%
TOL	A	0.56%	0.35%	0.35%
TSN	D	0.87%	0.57%	0.57%
VLO	F	0.64%	0.8%	0.64%
VRT	B	0.43%	0.51%	0.43%
VST	A	0.52%	0.59%	0.52%
VTRS	D	0.68%	0.31%	0.31%
WDC	C	0.54%	-0.6%	-0.6%
WFC	D	0.76%	0.57%	0.57%
WMT	A	1.17%	1.95%	1.17%
WY	B	0.94%	-0.16%	-0.16%

ULVM Overweight 76 Positions Relative to CLSE

Symbol	Grade	Weight
BRK.A	C	1.42%
L	D	1.28%
GD	A	1.27%
DUK	A	1.27%
PEG	A	1.25%
KMI	A	1.21%
BK	C	1.19%
WELL	C	1.19%
BSX	A	1.18%
ETR	A	1.16%
PKG	C	1.09%
SSNC	C	1.08%
DOW	B	1.06%
HIG	A	1.05%
LYB	D	1.05%
AVB	C	1.03%
WAB	A	1.02%
REGN	D	1.01%
VZ	A	1.01%
CI	D	0.99%
FOXA	A	0.98%
CTSH	B	0.98%
COST	C	0.98%
VICI	C	0.98%
TRGP	B	0.98%
DGX	B	0.95%
KHC	D	0.95%
ELV	F	0.95%
EXC	A	0.94%
AIG	F	0.94%
ESS	C	0.9%
AXP	A	0.89%
HCA	B	0.87%
GS	C	0.87%
MLM	D	0.87%
EQH	C	0.86%
NWSA	D	0.86%
IRM	A	0.84%
TXT	F	0.83%
KIM	C	0.82%
IR	A	0.8%
PFE	D	0.8%
COF	C	0.79%
CSL	A	0.79%
APH	D	0.78%
DD	B	0.77%
DAL	C	0.76%
CBRE	A	0.75%
PSX	D	0.74%
STLD	B	0.74%
CASY	D	0.69%
OC	C	0.68%
ARE	D	0.68%
FANG	D	0.68%
CRBG	C	0.67%
PHM	A	0.67%
KKR	A	0.66%
UTHR	C	0.66%
IP	C	0.66%
HPQ	C	0.64%
LEN	B	0.63%
CVS	D	0.63%
LLY	D	0.62%
UAL	B	0.6%
HWM	A	0.59%
KEY	C	0.58%
URI	C	0.57%
DHI	C	0.57%
ADM	D	0.52%
ALLY	F	0.5%
SWKS	F	0.49%
F	D	0.49%
WSM	B	0.48%
BLDR	B	0.47%
DELL	C	0.34%
MSTR	B	0.31%

ULVM Underweight 277 Positions Relative to CLSE

Symbol	Grade	Weight
QCOM	D	-2.6%
AMZN	C	-2.44%
AAPL	C	-2.17%
ANET	A	-1.87%
CVLT	C	-1.64%
GOOG	B	-1.25%
ORCL	B	-1.23%
DOCU	B	-1.21%
HD	A	-1.18%
ACIW	B	-1.14%
MSFT	D	-1.12%
HALO	D	-1.05%
ABBV	A	-1.03%
PYPL	C	-1.03%
SNEX	C	-1.03%
AMG	B	-1.02%
JHG	C	-0.99%
NTRS	C	-0.98%
JNJ	D	-0.96%
GILD	A	-0.93%
AVT	C	-0.92%
AMRX	B	-0.89%
OGN	F	-0.89%
DVA	C	-0.84%
IDCC	A	-0.83%
SEIC	B	-0.82%
UHS	D	-0.82%
NTNX	C	-0.8%
MLI	C	-0.77%
MO	D	-0.77%
FTDR	C	-0.76%
UMBF	C	-0.73%
PPC	B	-0.73%
PG	C	-0.72%
BG	F	-0.72%
JXN	A	-0.69%
IIPR	C	-0.68%
GVA	A	-0.65%
STRL	B	-0.65%
CHRW	A	-0.63%
OSCR	C	-0.6%
CAH	B	-0.6%
UNP	D	-0.59%
RF	C	-0.59%
XOM	A	-0.59%
PATK	C	-0.58%
TSLA	C	-0.58%
DVN	F	-0.58%
PRIM	C	-0.57%
SLVM	C	-0.56%
ADMA	C	-0.56%
MTZ	B	-0.56%
NRG	A	-0.56%
AMGN	D	-0.55%
AVA	D	-0.55%
PNW	A	-0.55%
NEE	A	-0.55%
MET	A	-0.55%
PGR	C	-0.54%
IESC	B	-0.54%
MRK	F	-0.54%
MWA	A	-0.54%
NEM	C	-0.53%
CVX	B	-0.52%
HRB	C	-0.51%
BMY	B	-0.5%
EXPE	B	-0.5%
NSA	C	-0.49%
CNA	D	-0.49%
MUSA	D	-0.47%
LNTH	C	-0.47%
EEFT	F	-0.46%
ACT	C	-0.46%
KLAC	B	-0.46%
REZI	D	-0.44%
LAMR	C	-0.43%
EQR	C	-0.43%
RGLD	C	-0.42%
MRO	D	-0.41%
SCCO	B	-0.4%
FCX	B	-0.39%
KMB	B	-0.39%
SAIC	A	-0.39%
KNF	C	-0.38%
CTRE	B	-0.36%
J	D	-0.36%
BCO	C	-0.34%
CAT	A	-0.34%
ABM	D	-0.34%
GLW	B	-0.33%
SM	F	-0.33%
ALSN	A	-0.33%
EXP	C	-0.33%
STAG	D	-0.33%
IBP	B	-0.33%
NFLX	A	-0.31%
JLL	B	-0.3%
CPNG	C	-0.27%
BKNG	C	-0.26%
CCL	C	-0.25%
ANF	F	-0.23%
MHO	C	-0.19%
NTRA	A	-0.15%
SPOT	B	-0.13%
ADUS	D	-0.12%
ALNY	C	-0.12%
QQQ	C	-0.0%
JOBY	D	--0.04%
AEE	A	--0.04%
BC	D	--0.05%
WOR	F	--0.05%
CAR	D	--0.06%
FOXF	F	--0.08%
AES	B	--0.08%
ALIT	D	--0.08%
CZR	B	--0.09%
NXST	D	--0.09%
DRVN	B	--0.1%
VAC	D	--0.1%
HGV	F	--0.1%
AWR	A	--0.1%
MCW	F	--0.1%
WTW	B	--0.1%
HHH	C	--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	C	--0.13%
PPBI	F	--0.14%
RBLX	C	--0.14%
AA	B	--0.14%
VFC	B	--0.14%
SJM	C	--0.15%
EXR	C	--0.15%
PCH	C	--0.15%
MTN	D	--0.15%
DAY	B	--0.15%
PYCR	D	--0.15%
CHDN	D	--0.16%
CLDX	F	--0.16%
CG	C	--0.16%
WTRG	D	--0.16%
ILMN	B	--0.16%
AESI	B	--0.16%
KRG	C	--0.16%
CHK	C	--0.16%
CIEN	A	--0.17%
CGON	C	--0.17%
UHAL	A	--0.17%
WAL	C	--0.17%
OKE	B	--0.18%
GTLS	F	--0.18%
VNO	A	--0.18%
AVAV	B	--0.18%
UEC	B	--0.18%
HI	F	--0.18%
BEAM	F	--0.18%
ENOV	F	--0.18%
TXG	F	--0.18%
CNH	B	--0.19%
KNSL	D	--0.19%
BIRK	F	--0.2%
BANC	D	--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%
TTD	C	--0.2%
COLB	C	--0.21%
RBA	D	--0.21%
LUV	B	--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	C	--0.23%
WTM	D	--0.23%
SW	C	--0.24%
DXCM	F	--0.24%
CNX	A	--0.24%
RNR	A	--0.24%
FLYW	F	--0.24%
AEIS	F	--0.24%
VSH	F	--0.25%
WSC	D	--0.25%
BIO	B	--0.25%
SUM	D	--0.25%
EQT	B	--0.26%
PTEN	F	--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%
CELH	F	--0.29%
LW	D	--0.29%
DLTR	F	--0.29%
FDS	C	--0.3%
PSA	C	--0.31%
INSP	B	--0.31%
LVS	B	--0.31%
PEN	D	--0.31%
SRE	A	--0.32%
TOST	C	--0.32%
D	A	--0.32%
NEOG	D	--0.32%
RVMD	B	--0.33%
EVTC	D	--0.33%
MARA	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	F	--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	A	--0.38%
RIOT	F	--0.39%
BRZE	F	--0.4%
RIVN	F	--0.4%
PATH	D	--0.4%
WBD	D	--0.43%
CCOI	B	--0.44%
CGNX	F	--0.44%
GLOB	B	--0.45%
TTWO	F	--0.46%
SATS	C	--0.46%
MDB	F	--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	B	--0.58%
SMCI	F	--0.58%
U	D	--0.63%
FND	C	--0.63%
LSCC	D	--0.65%
GFS	F	--0.67%
LITE	A	--0.73%
TXN	C	--0.86%