USMV vs. CLSE ETF Comparison
Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Convergence Long/Short Equity ETF (CLSE)
USMV
iShares MSCI USA Minimum Volatility ETF
USMV Description
The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$92.13
Average Daily Volume
1,713,718
Number of Holdings
*
170
* 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
$23.61
Average Daily Volume
63,574
Number of Holdings
*
337
* may have additional holdings in another (foreign) market
Performance
| Period | USMV | CLSE |
|---|---|---|
| 30 Days | -0.12% | 4.15% |
| 60 Days | 1.32% | 9.66% |
| 90 Days | 4.11% | 10.02% |
| 12 Months | 25.54% | 40.83% |
47 Overlapping Holdings
| Symbol | Grade | Weight in USMV | Weight in CLSE | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 0.96% | 1.12% | 0.96% | |
| ABBV | F | 1.22% | 1.03% | 1.03% | |
| AJG | A | 1.25% | -0.17% | -0.17% | |
| ALNY | D | 0.25% | 0.71% | 0.25% | |
| AMZN | A | 0.14% | 2.42% | 0.14% | |
| ANET | C | 0.3% | 1.92% | 0.3% | |
| APH | B | 1.46% | 0.67% | 0.67% | |
| ATO | B | 0.05% | -0.21% | -0.21% | |
| AVGO | C | 1.29% | 2.43% | 1.29% | |
| BAH | C | 0.5% | 0.17% | 0.17% | |
| BMY | B | 0.44% | 1.28% | 0.44% | |
| COR | B | 0.67% | 0.75% | 0.67% | |
| CVS | F | 0.04% | 0.29% | 0.04% | |
| DELL | C | 0.11% | -0.55% | -0.55% | |
| FCNCA | B | 0.84% | -0.27% | -0.27% | |
| FFIV | B | 0.55% | 0.44% | 0.44% | |
| FSLR | F | 0.06% | -1.21% | -1.21% | |
| GDDY | B | 0.92% | 1.41% | 0.92% | |
| GILD | B | 1.01% | 1.11% | 1.01% | |
| GLW | B | 0.31% | 0.44% | 0.31% | |
| GOOG | C | 0.16% | 0.49% | 0.16% | |
| GRMN | A | 0.33% | 0.13% | 0.13% | |
| HD | B | 0.29% | 1.12% | 0.29% | |
| HSY | F | 0.3% | -0.23% | -0.23% | |
| IBM | D | 1.65% | 0.62% | 0.62% | |
| INCY | B | 0.61% | 0.07% | 0.07% | |
| JNJ | D | 1.17% | 0.84% | 0.84% | |
| KR | A | 0.61% | 0.17% | 0.17% | |
| MDT | D | 0.13% | 0.3% | 0.13% | |
| MKL | A | 0.33% | -0.13% | -0.13% | |
| MPC | D | 0.52% | 0.45% | 0.45% | |
| MRK | F | 1.06% | 0.15% | 0.15% | |
| NEM | F | 0.47% | 0.32% | 0.32% | |
| NTAP | D | 0.22% | 1.21% | 0.22% | |
| NVDA | A | 0.66% | 4.52% | 0.66% | |
| ORCL | A | 1.28% | 1.33% | 1.28% | |
| PG | C | 1.18% | 0.44% | 0.44% | |
| PGR | A | 1.68% | 0.46% | 0.46% | |
| SO | D | 1.33% | 0.0% | 0.0% | |
| T | A | 0.72% | 0.53% | 0.53% | |
| TMUS | A | 1.92% | 0.56% | 0.56% | |
| TSN | B | 0.66% | 0.55% | 0.55% | |
| TXN | B | 1.49% | -0.87% | -0.87% | |
| UTHR | B | 0.15% | 0.08% | 0.08% | |
| VLO | C | 0.05% | 0.47% | 0.05% | |
| WMT | A | 1.7% | 1.81% | 1.7% | |
| XOM | B | 0.45% | 0.56% | 0.45% |
USMV Overweight 123 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSI | B | 1.83% | |
| RSG | B | 1.52% | |
| WCN | A | 1.5% | |
| BRK.A | B | 1.5% | |
| NOC | D | 1.5% | |
| DUK | D | 1.46% | |
| CSCO | A | 1.46% | |
| WM | A | 1.44% | |
| CB | C | 1.42% | |
| UNH | B | 1.4% | |
| LLY | F | 1.39% | |
| MCK | B | 1.32% | |
| MSFT | C | 1.32% | |
| ROP | A | 1.31% | |
| VZ | D | 1.27% | |
| ACN | B | 1.26% | |
| MCD | C | 1.25% | |
| ED | D | 1.12% | |
| MMC | D | 1.11% | |
| TRV | B | 1.11% | |
| PEP | D | 1.05% | |
| AZO | B | 0.96% | |
| V | A | 0.86% | |
| LMT | D | 0.85% | |
| EA | A | 0.83% | |
| CBOE | D | 0.8% | |
| K | A | 0.79% | |
| VRTX | B | 0.78% | |
| CTSH | A | 0.78% | |
| WEC | B | 0.75% | |
| NOW | A | 0.72% | |
| ACGL | C | 0.71% | |
| MA | B | 0.69% | |
| ORLY | A | 0.67% | |
| AMGN | F | 0.67% | |
| GIS | F | 0.67% | |
| FI | A | 0.66% | |
| VRSN | C | 0.64% | |
| REGN | F | 0.64% | |
| KDP | C | 0.61% | |
| FICO | B | 0.59% | |
| TDY | B | 0.58% | |
| KEYS | C | 0.58% | |
| BDX | F | 0.57% | |
| ELV | F | 0.54% | |
| FANG | C | 0.54% | |
| AON | B | 0.53% | |
| YUM | B | 0.51% | |
| PTC | B | 0.51% | |
| CME | B | 0.51% | |
| JNPR | D | 0.48% | |
| MDLZ | F | 0.45% | |
| UBER | F | 0.45% | |
| XEL | A | 0.44% | |
| TJX | A | 0.43% | |
| VRSK | A | 0.42% | |
| WDAY | B | 0.42% | |
| ERIE | F | 0.42% | |
| EG | D | 0.42% | |
| HUM | D | 0.41% | |
| KHC | F | 0.4% | |
| CDW | F | 0.4% | |
| CL | F | 0.4% | |
| CMCSA | B | 0.39% | |
| AKAM | F | 0.39% | |
| WTW | A | 0.38% | |
| AEP | D | 0.38% | |
| CTVA | C | 0.37% | |
| CHD | A | 0.37% | |
| IT | B | 0.36% | |
| ROL | C | 0.36% | |
| GEN | B | 0.35% | |
| CPB | F | 0.34% | |
| AFG | A | 0.34% | |
| CVX | A | 0.33% | |
| NBIX | C | 0.33% | |
| FWONK | A | 0.31% | |
| AIZ | A | 0.3% | |
| WRB | B | 0.3% | |
| WMB | B | 0.29% | |
| ICE | C | 0.27% | |
| L | A | 0.27% | |
| ADI | D | 0.24% | |
| AZPN | A | 0.23% | |
| HUBS | B | 0.23% | |
| HON | B | 0.23% | |
| AEE | B | 0.23% | |
| BMRN | F | 0.23% | |
| D | D | 0.22% | |
| MOH | F | 0.21% | |
| PFE | F | 0.21% | |
| PKG | B | 0.2% | |
| CI | D | 0.2% | |
| KMB | D | 0.2% | |
| HRL | F | 0.2% | |
| CMS | D | 0.19% | |
| DTE | D | 0.19% | |
| SNPS | C | 0.19% | |
| TW | B | 0.19% | |
| DPZ | C | 0.19% | |
| EOG | A | 0.17% | |
| STX | D | 0.17% | |
| MELI | D | 0.17% | |
| CDNS | B | 0.17% | |
| CRWD | B | 0.17% | |
| HOLX | D | 0.16% | |
| LIN | D | 0.16% | |
| HIG | C | 0.12% | |
| OXY | F | 0.12% | |
| KO | F | 0.1% | |
| DGX | B | 0.1% | |
| RTX | D | 0.09% | |
| ABT | C | 0.09% | |
| ADP | A | 0.09% | |
| LNT | C | 0.09% | |
| KNX | C | 0.07% | |
| TEL | B | 0.07% | |
| GD | C | 0.06% | |
| OTIS | D | 0.06% | |
| ULTA | C | 0.05% | |
| BR | A | 0.05% | |
| CRM | B | 0.05% | |
| PSX | C | 0.05% |
USMV Underweight 290 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | C | -3.45% | |
| META | B | -3.33% | |
| APP | B | -2.93% | |
| MU | D | -2.37% | |
| HPE | B | -1.96% | |
| CVNA | B | -1.88% | |
| QCOM | F | -1.78% | |
| IDCC | B | -1.51% | |
| ACIW | B | -1.49% | |
| CVLT | B | -1.49% | |
| DOCU | B | -1.34% | |
| JHG | A | -1.16% | |
| PYPL | A | -1.14% | |
| NTNX | B | -1.13% | |
| SYF | B | -1.08% | |
| NTRS | A | -1.06% | |
| SNEX | B | -1.06% | |
| TSLA | B | -1.04% | |
| HALO | C | -1.0% | |
| LNG | B | -0.93% | |
| BFH | B | -0.91% | |
| PLTR | B | -0.9% | |
| AMG | B | -0.9% | |
| PPC | C | -0.9% | |
| SEIC | A | -0.89% | |
| AMRX | B | -0.87% | |
| MLI | B | -0.87% | |
| GVA | B | -0.84% | |
| IESC | B | -0.82% | |
| PRIM | B | -0.82% | |
| GM | B | -0.82% | |
| CARG | B | -0.79% | |
| THC | B | -0.78% | |
| BAC | A | -0.78% | |
| MO | A | -0.76% | |
| CAH | B | -0.76% | |
| EME | B | -0.76% | |
| NFLX | A | -0.75% | |
| DVA | C | -0.75% | |
| FITB | A | -0.75% | |
| NRG | C | -0.74% | |
| STRL | B | -0.74% | |
| CPNG | B | -0.73% | |
| WFC | A | -0.72% | |
| UHS | D | -0.71% | |
| CEIX | B | -0.71% | |
| AVT | C | -0.7% | |
| VRT | B | -0.7% | |
| MWA | B | -0.68% | |
| ZION | B | -0.68% | |
| RF | A | -0.67% | |
| MTZ | B | -0.67% | |
| PNC | B | -0.67% | |
| ALSN | B | -0.66% | |
| UMBF | B | -0.65% | |
| LDOS | C | -0.64% | |
| JXN | C | -0.62% | |
| JPM | A | -0.62% | |
| MPWR | F | -0.62% | |
| FTDR | B | -0.61% | |
| EXPE | B | -0.6% | |
| YOU | D | -0.6% | |
| FTI | B | -0.59% | |
| FLR | C | -0.58% | |
| CHRW | A | -0.58% | |
| SLVM | C | -0.57% | |
| CACI | C | -0.55% | |
| UNP | D | -0.53% | |
| RGA | A | -0.53% | |
| VST | B | -0.52% | |
| MET | C | -0.51% | |
| EXP | B | -0.48% | |
| PNW | A | -0.48% | |
| AVA | C | -0.46% | |
| ALL | B | -0.45% | |
| CNA | C | -0.44% | |
| SCCO | F | -0.43% | |
| RMD | C | -0.43% | |
| PM | B | -0.42% | |
| LPX | A | -0.42% | |
| CTRE | C | -0.42% | |
| UI | B | -0.38% | |
| SPG | A | -0.37% | |
| R | B | -0.37% | |
| BKNG | A | -0.37% | |
| CF | B | -0.36% | |
| SR | C | -0.36% | |
| J | D | -0.35% | |
| DUOL | A | -0.34% | |
| OUT | B | -0.34% | |
| PTON | C | -0.34% | |
| RGLD | C | -0.34% | |
| CCL | B | -0.34% | |
| EQR | C | -0.34% | |
| LAMR | D | -0.31% | |
| CNC | F | -0.31% | |
| IIPR | F | -0.29% | |
| ATGE | C | -0.29% | |
| IBP | F | -0.26% | |
| NVR | D | -0.25% | |
| TOL | B | -0.23% | |
| MATX | B | -0.22% | |
| EEFT | C | -0.22% | |
| JLL | C | -0.2% | |
| MUSA | B | -0.2% | |
| ABM | B | -0.19% | |
| SQ | B | -0.15% | |
| NSA | D | -0.15% | |
| FN | C | -0.14% | |
| EXPD | C | -0.14% | |
| VCYT | B | -0.12% | |
| CINF | A | -0.12% | |
| PRU | B | -0.12% | |
| SEE | C | -0.11% | |
| ANF | C | -0.11% | |
| NTRA | B | -0.1% | |
| ILMN | C | -0.1% | |
| AEIS | B | -0.07% | |
| HQY | B | -0.07% | |
| LNTH | F | -0.05% | |
| QQQ | A | -0.0% | |
| LRCX | F | -0.0% | |
| PATK | C | -0.0% | |
| HGV | B | --0.06% | |
| EXAS | F | --0.07% | |
| RYN | F | --0.07% | |
| CCS | F | --0.07% | |
| HUN | F | --0.08% | |
| AES | F | --0.08% | |
| VMC | B | --0.08% | |
| FLYW | B | --0.08% | |
| GNTX | C | --0.09% | |
| BC | D | --0.09% | |
| JOE | F | --0.09% | |
| FL | F | --0.09% | |
| APD | B | --0.1% | |
| ABG | B | --0.1% | |
| REXR | F | --0.1% | |
| PENN | B | --0.1% | |
| NSC | B | --0.11% | |
| MCW | C | --0.11% | |
| DLR | C | --0.11% | |
| ALIT | C | --0.12% | |
| EL | F | --0.12% | |
| ENPH | F | --0.12% | |
| PCH | F | --0.12% | |
| ACVA | B | --0.12% | |
| EQIX | B | --0.12% | |
| BECN | B | --0.13% | |
| PYCR | B | --0.14% | |
| BPOP | C | --0.14% | |
| AGO | B | --0.14% | |
| EXR | D | --0.14% | |
| MLM | B | --0.14% | |
| CC | C | --0.15% | |
| AA | C | --0.15% | |
| JBLU | C | --0.15% | |
| AGCO | F | --0.15% | |
| DAY | B | --0.15% | |
| GTLS | B | --0.15% | |
| AVAV | C | --0.15% | |
| DRVN | A | --0.15% | |
| MTN | C | --0.16% | |
| CZR | F | --0.16% | |
| CRL | C | --0.16% | |
| OSK | B | --0.16% | |
| TREX | C | --0.16% | |
| BHF | B | --0.16% | |
| COTY | D | --0.16% | |
| DAR | B | --0.16% | |
| CNH | D | --0.16% | |
| NXST | C | --0.16% | |
| COLD | F | --0.16% | |
| LGIH | F | --0.16% | |
| ALB | C | --0.16% | |
| EW | F | --0.16% | |
| RNR | D | --0.16% | |
| C | B | --0.17% | |
| RBA | B | --0.17% | |
| AL | B | --0.17% | |
| UHAL | D | --0.17% | |
| LKQ | C | --0.17% | |
| NARI | C | --0.17% | |
| KRG | B | --0.17% | |
| KNSL | C | --0.17% | |
| SITE | D | --0.17% | |
| XPO | B | --0.17% | |
| BIRK | F | --0.17% | |
| AIR | B | --0.18% | |
| SW | B | --0.18% | |
| EBC | B | --0.18% | |
| MASI | B | --0.18% | |
| MDGL | C | --0.19% | |
| XYL | F | --0.19% | |
| CHDN | B | --0.19% | |
| ENOV | C | --0.19% | |
| WAL | B | --0.19% | |
| BRKR | F | --0.19% | |
| TEX | D | --0.19% | |
| PRCT | C | --0.19% | |
| TTD | B | --0.19% | |
| GATX | B | --0.2% | |
| WTM | A | --0.2% | |
| CGON | D | --0.2% | |
| UEC | C | --0.2% | |
| BE | B | --0.21% | |
| SRE | B | --0.21% | |
| SAIA | B | --0.22% | |
| EQT | B | --0.22% | |
| AESI | F | --0.22% | |
| GPOR | B | --0.23% | |
| NOG | B | --0.23% | |
| BANC | B | --0.23% | |
| ARWR | C | --0.24% | |
| SUM | B | --0.24% | |
| VAL | D | --0.24% | |
| ELF | C | --0.24% | |
| PSA | D | --0.24% | |
| KEY | B | --0.25% | |
| LYV | A | --0.25% | |
| MSCI | B | --0.26% | |
| LW | B | --0.26% | |
| TEAM | B | --0.26% | |
| CELH | F | --0.26% | |
| WTRG | C | --0.26% | |
| ABNB | C | --0.27% | |
| AUR | D | --0.27% | |
| PTEN | C | --0.27% | |
| SOFI | B | --0.27% | |
| AWK | D | --0.27% | |
| PINS | F | --0.28% | |
| MNST | B | --0.28% | |
| FOUR | B | --0.28% | |
| NEOG | D | --0.29% | |
| BILL | B | --0.29% | |
| ESTC | C | --0.29% | |
| GT | C | --0.29% | |
| MKTX | C | --0.3% | |
| XP | F | --0.3% | |
| NDAQ | B | --0.3% | |
| MDB | C | --0.3% | |
| STNE | F | --0.31% | |
| BEN | C | --0.31% | |
| AFRM | B | --0.31% | |
| APLS | F | --0.31% | |
| GTLB | B | --0.32% | |
| LPLA | A | --0.34% | |
| VVV | B | --0.34% | |
| COHR | C | --0.34% | |
| CACC | D | --0.34% | |
| ZBRA | B | --0.35% | |
| APO | B | --0.35% | |
| CCOI | C | --0.36% | |
| DG | F | --0.36% | |
| ALGM | F | --0.36% | |
| INSP | F | --0.37% | |
| BA | F | --0.37% | |
| DLTR | F | --0.38% | |
| WBD | B | --0.39% | |
| PATH | C | --0.39% | |
| BBIO | F | --0.4% | |
| RIVN | F | --0.41% | |
| ON | F | --0.41% | |
| CYTK | C | --0.44% | |
| U | F | --0.45% | |
| MRNA | F | --0.46% | |
| NWS | B | --0.47% | |
| MCHP | F | --0.48% | |
| GE | D | --0.48% | |
| SATS | D | --0.48% | |
| CGNX | C | --0.48% | |
| RH | C | --0.49% | |
| DV | C | --0.49% | |
| RBLX | B | --0.5% | |
| TTWO | A | --0.5% | |
| ADBE | C | --0.51% | |
| FIVE | F | --0.51% | |
| FND | F | --0.52% | |
| CFLT | B | --0.52% | |
| ZI | C | --0.54% | |
| BRZE | C | --0.54% | |
| WST | B | --0.57% | |
| FIVN | C | --0.58% | |
| DXCM | C | --0.58% | |
| POOL | D | --0.58% | |
| SMCI | F | --0.59% | |
| WDC | D | --0.73% | |
| LSCC | D | --0.76% | |
| LITE | B | --0.88% | |
| INTC | C | --0.99% |
USMV: Top Represented Industries & Keywords
Industries:
Software - Application
Utilities - Regulated Electric
Drug Manufacturers - Major
Biotechnology
Insurance - Property & Casualty
Business Services
Health Care Plans
Information Technology Services
Insurance Brokers
Packaged Foods
Software - Infrastructure
Specialty Retail
Aerospace & Defense
Household & Personal Products
Insurance - Diversified
Semiconductors
Beverages - Soft Drinks
Communication Equipment
Electronic Components
Financial Data & Stock Exchanges
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Banks - Regional - US
Semiconductors
Building Materials
Diagnostics & Research
Engineering & Construction
Software - Infrastructure
Asset Management
Insurance - Property & Casualty
Information Technology Services
Internet Content & Information
REIT - Industrial
Business Services
Capital Markets
Credit Services
Drug Manufacturers - Major
Leisure
Medical Devices
Specialty Retail
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