VCSH vs. CLSE ETF Comparison

Comparison of Vanguard Short-Term Corporate Bond ETF (VCSH) to Convergence Long/Short Equity ETF (CLSE)

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.50

Average Daily Volume

3,272,253

Number of Holdings ^*

444

* 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

$22.11

Average Daily Volume

53,246

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	VCSH	CLSE
30 Days	1.26%	2.69%
60 Days	2.96%	4.00%
90 Days	3.86%	2.60%
12 Months	9.89%	38.92%

103 Overlapping Holdings

Symbol	Grade	Weight in VCSH	Weight in CLSE	Overlap
AAPL	C	0.03%	2.26%	0.03%
ABBV	C	0.02%	1.04%	0.02%
ADBE	F	0.03%	-0.36%	-0.36%
AES	C	0.02%	-0.08%	-0.08%
AL	D	0.02%	-0.26%	-0.26%
ALB	F	0.02%	-0.26%	-0.26%
AMG	C	0.01%	0.98%	0.01%
AMGN	B	0.01%	0.55%	0.01%
AMZN	C	0.04%	2.5%	0.04%
APD	B	0.01%	-0.26%	-0.26%
AVGO	C	0.01%	2.58%	0.01%
AVT	C	0.01%	0.88%	0.01%
BA	F	0.01%	-0.38%	-0.38%
BAC	D	0.01%	0.81%	0.01%
BC	C	0.02%	-0.13%	-0.13%
BG	D	0.03%	0.72%	0.03%
BKNG	B	0.02%	0.25%	0.02%
BMY	C	0.02%	0.49%	0.02%
C	D	0.02%	-0.48%	-0.48%
CAH	C	0.02%	0.61%	0.02%
CAT	B	0.02%	0.33%	0.02%
CFG	C	0.01%	0.57%	0.01%
CNA	D	0.02%	0.49%	0.02%
CNH	D	0.02%	-0.19%	-0.19%
CSCO	B	0.02%	-0.27%	-0.27%
CVX	D	0.02%	0.51%	0.02%
D	B	0.01%	-0.34%	-0.34%
DLTR	F	0.05%	-0.23%	-0.23%
DVN	D	0.02%	0.35%	0.02%
EL	F	0.03%	-0.2%	-0.2%
EQR	C	0.02%	0.44%	0.02%
EXPE	C	0.02%	0.53%	0.02%
FDX	F	0.03%	0.5%	0.03%
FITB	B	0.03%	0.61%	0.03%
GE	A	0.01%	-0.36%	-0.36%
GILD	B	0.04%	0.98%	0.04%
GM	B	0.02%	0.54%	0.02%
GOOGL	D	0.04%	2.93%	0.04%
HD	A	0.01%	1.17%	0.01%
HPE	D	0.03%	1.52%	0.03%
HRB	C	0.02%	0.53%	0.02%
HSY	D	0.01%	-0.28%	-0.28%
IBM	A	0.02%	1.7%	0.02%
ILMN	C	0.02%	-0.16%	-0.16%
INTC	F	0.03%	-0.93%	-0.93%
JHG	B	0.01%	0.92%	0.01%
JNJ	C	0.02%	0.96%	0.02%
JPM	D	0.01%	0.77%	0.01%
KLAC	D	0.06%	0.47%	0.06%
KMB	D	0.01%	0.4%	0.01%
KR	C	0.02%	0.17%	0.02%
LDOS	B	0.02%	0.38%	0.02%
LMT	B	0.05%	0.54%	0.05%
LUV	C	0.01%	-0.21%	-0.21%
LVS	D	0.02%	-0.36%	-0.36%
MCHP	D	0.01%	-0.5%	-0.5%
MCK	F	0.01%	0.71%	0.01%
MET	A	0.02%	0.54%	0.02%
MO	C	0.01%	0.81%	0.01%
MPC	D	0.03%	0.74%	0.03%
MRK	D	0.04%	0.53%	0.04%
MS	C	0.03%	-0.25%	-0.25%
MSFT	C	0.04%	1.12%	0.04%
MU	F	0.03%	1.02%	0.03%
NDAQ	A	0.01%	-0.36%	-0.36%
NEE	C	0.01%	0.55%	0.01%
NEM	B	0.01%	0.62%	0.01%
NTAP	D	0.02%	1.64%	0.02%
NTRS	B	0.04%	0.91%	0.04%
NVDA	D	0.02%	4.12%	0.02%
O	C	0.01%	-0.31%	-0.31%
OKE	B	0.02%	-0.24%	-0.24%
ORCL	B	0.05%	1.22%	0.05%
PG	C	0.01%	0.81%	0.01%
PNW	B	0.01%	0.55%	0.01%
PYPL	B	0.03%	0.98%	0.03%
QCOM	F	0.04%	2.58%	0.04%
RF	B	0.04%	0.69%	0.04%
RGA	B	0.01%	0.53%	0.01%
RNR	B	0.01%	-0.22%	-0.22%
ROK	F	0.01%	-0.08%	-0.08%
RTX	C	0.02%	0.51%	0.02%
SCCO	D	0.01%	0.39%	0.01%
SPG	A	0.02%	0.41%	0.02%
SRE	B	0.01%	-0.33%	-0.33%
SYF	C	0.03%	0.86%	0.03%
T	C	0.01%	1.03%	0.01%
TFC	D	0.01%	-0.2%	-0.2%
TSN	D	0.01%	0.57%	0.01%
TXN	C	0.01%	-0.85%	-0.85%
UHS	B	0.01%	0.87%	0.01%
UNP	C	0.01%	0.57%	0.01%
VFC	C	0.04%	-0.12%	-0.12%
VLO	F	0.03%	0.79%	0.03%
VMC	D	0.01%	-0.11%	-0.11%
VNO	B	0.02%	-0.17%	-0.17%
VTRS	D	0.03%	0.31%	0.03%
WAL	B	0.03%	-0.16%	-0.16%
WBA	F	0.06%	-0.22%	-0.22%
WFC	D	0.01%	0.55%	0.01%
WMT	B	0.02%	2.07%	0.02%
WY	C	0.01%	-0.19%	-0.19%
XOM	D	0.02%	0.58%	0.02%

VCSH Overweight 341 Positions Relative to CLSE

Symbol	Grade	Weight
V	C	0.13%
TAP	D	0.1%
CARR	B	0.09%
MDT	C	0.08%
BIIB	F	0.08%
DD	B	0.08%
STLA	F	0.07%
OTIS	C	0.07%
ETN	C	0.07%
CHTR	D	0.07%
KO	B	0.06%
COST	B	0.06%
OMC	B	0.06%
AIG	D	0.06%
HCA	A	0.06%
VZ	B	0.06%
VRSK	D	0.05%
ADP	B	0.05%
ADM	D	0.05%
CRM	D	0.05%
BLK	B	0.05%
NI	B	0.05%
HPQ	D	0.05%
TGT	C	0.05%
NOC	A	0.05%
ITW	C	0.04%
FTV	C	0.04%
TJX	C	0.04%
WLK	D	0.04%
WB	F	0.04%
MA	B	0.04%
ARCC	B	0.04%
ZTS	C	0.04%
FOXA	B	0.04%
RPRX	D	0.04%
GSK	D	0.04%
AZN	D	0.04%
TMUS	C	0.04%
JNPR	A	0.03%
JBHT	D	0.03%
DLR	B	0.03%
MSI	B	0.03%
EMN	B	0.03%
AMAT	D	0.03%
WAB	A	0.03%
SWKS	F	0.03%
APTV	D	0.03%
CME	C	0.03%
AGR	B	0.03%
HRL	D	0.03%
JD	C	0.03%
HAS	B	0.03%
MHK	C	0.03%
NUE	F	0.03%
DXC	C	0.03%
ATO	B	0.03%
BAX	C	0.03%
CNO	A	0.03%
SPGI	A	0.03%
SNX	D	0.03%
PVH	F	0.03%
PHM	B	0.03%
GIS	B	0.03%
BXP	B	0.03%
GLPI	C	0.03%
JEF	B	0.03%
HAL	F	0.03%
SYY	D	0.03%
SWK	B	0.03%
PRU	C	0.03%
MOS	F	0.03%
EBAY	B	0.03%
PFE	C	0.03%
STT	B	0.03%
WMB	B	0.03%
GPN	D	0.03%
DIS	D	0.03%
EPD	B	0.03%
MPLX	B	0.03%
FIS	B	0.03%
BERY	C	0.03%
CB	B	0.03%
AER	B	0.03%
AXP	B	0.03%
CMCSA	D	0.03%
WPC	C	0.02%
SKT	A	0.02%
RL	B	0.02%
THG	C	0.02%
UNM	B	0.02%
VNT	F	0.02%
STLD	D	0.02%
CF	C	0.02%
BKU	D	0.02%
CDNS	D	0.02%
A	C	0.02%
BEN	F	0.02%
CPT	B	0.02%
GBDC	C	0.02%
ALLE	C	0.02%
AIZ	B	0.02%
HST	C	0.02%
HP	D	0.02%
HOG	C	0.02%
INTU	C	0.02%
L	D	0.02%
JCI	B	0.02%
GXO	D	0.02%
KMPR	D	0.02%
EQH	C	0.02%
FTNT	B	0.02%
FRT	C	0.02%
EA	D	0.02%
NNN	C	0.02%
SF	A	0.02%
PSA	B	0.02%
SBRA	C	0.02%
TSLX	D	0.02%
WM	D	0.02%
BKH	B	0.02%
APH	C	0.02%
DOV	B	0.02%
COKE	C	0.02%
BWA	D	0.02%
BABA	B	0.02%
AWH	F	0.02%
AFG	B	0.02%
BRO	C	0.02%
BR	D	0.02%
CTVA	B	0.02%
KEYS	C	0.02%
GSBD	D	0.02%
IP	C	0.02%
GWW	A	0.02%
LNT	B	0.02%
LLY	C	0.02%
OCSL	F	0.02%
LAZ	A	0.02%
MRVL	C	0.02%
CSX	D	0.02%
K	A	0.02%
LRCX	F	0.02%
ORI	B	0.02%
LYB	F	0.02%
PH	A	0.02%
TDY	C	0.02%
TT	A	0.02%
VOYA	B	0.02%
LIN	B	0.02%
OHI	C	0.02%
LHX	C	0.02%
MCO	A	0.02%
IVZ	B	0.02%
HUM	F	0.02%
DOC	C	0.02%
WEC	B	0.02%
VTR	C	0.02%
BRX	B	0.02%
CE	F	0.02%
AN	D	0.02%
CMI	C	0.02%
EOG	D	0.02%
NKE	D	0.02%
DGX	C	0.02%
FANG	D	0.02%
FLEX	C	0.02%
ADI	C	0.02%
DHR	C	0.02%
EFX	C	0.02%
ROST	C	0.02%
NXPI	D	0.02%
MTB	A	0.02%
KDP	B	0.02%
ABT	C	0.02%
ICE	C	0.02%
FSK	A	0.02%
GD	B	0.02%
CPB	B	0.02%
UPS	F	0.02%
WRK	C	0.02%
PM	C	0.02%
MKC	C	0.02%
STZ	D	0.02%
SBUX	C	0.02%
ET	B	0.02%
EQIX	B	0.02%
CM	A	0.02%
CCI	C	0.02%
SLB	F	0.02%
SHW	B	0.02%
ZBH	F	0.02%
PNC	A	0.02%
KMI	A	0.02%
AFL	C	0.02%
BDX	F	0.02%
USB	B	0.02%
RY	C	0.02%
PEP	D	0.02%
TD	A	0.02%
CVS	F	0.02%
NVT	D	0.01%
HIW	B	0.01%
FE	C	0.01%
FNB	D	0.01%
CACC	F	0.01%
VLY	C	0.01%
RPM	B	0.01%
IPG	C	0.01%
JBL	D	0.01%
KSS	F	0.01%
G	C	0.01%
AMD	D	0.01%
EPR	B	0.01%
NEU	D	0.01%
ED	C	0.01%
UDR	C	0.01%
TKR	D	0.01%
FAF	C	0.01%
HUBB	A	0.01%
LEG	D	0.01%
CHD	C	0.01%
FMC	C	0.01%
HES	D	0.01%
IFF	C	0.01%
NYCB	D	0.01%
DAL	C	0.01%
WHR	C	0.01%
SNV	C	0.01%
SLG	B	0.01%
RS	D	0.01%
PFG	B	0.01%
BDN	C	0.01%
BCSF	B	0.01%
TME	F	0.01%
SITC	D	0.01%
TEL	D	0.01%
TRMB	C	0.01%
CL	C	0.01%
BHP	D	0.01%
CSL	B	0.01%
FLS	D	0.01%
CLX	C	0.01%
AVB	C	0.01%
GP	D	0.01%
H	C	0.01%
ES	C	0.01%
OGS	B	0.01%
MLM	D	0.01%
LNC	D	0.01%
PSEC	C	0.01%
TXT	D	0.01%
ADSK	C	0.01%
CMS	B	0.01%
FHN	D	0.01%
CUBE	B	0.01%
MAIN	B	0.01%
MAA	C	0.01%
LII	B	0.01%
OC	D	0.01%
PDM	C	0.01%
EMR	D	0.01%
KIM	C	0.01%
HII	D	0.01%
KRC	B	0.01%
MAR	C	0.01%
NFG	B	0.01%
ORLY	D	0.01%
OPI	F	0.01%
LEN	C	0.01%
NSC	C	0.01%
CP	C	0.01%
CNP	D	0.01%
DHI	C	0.01%
PCAR	D	0.01%
XEL	B	0.01%
AEE	A	0.01%
ARW	C	0.01%
AZO	D	0.01%
AWK	C	0.01%
PPG	D	0.01%
PKG	B	0.01%
DE	B	0.01%
DUK	B	0.01%
DOW	D	0.01%
UAL	C	0.01%
WU	D	0.01%
ROP	C	0.01%
PPL	B	0.01%
MMM	A	0.01%
LH	C	0.01%
MDLZ	C	0.01%
ESS	C	0.01%
EVRG	B	0.01%
ALL	B	0.01%
AEP	C	0.01%
AMP	B	0.01%
SYK	C	0.01%
R	B	0.01%
PSX	D	0.01%
PEG	A	0.01%
DFS	B	0.01%
DTE	B	0.01%
KEY	B	0.01%
CMA	A	0.01%
BSX	B	0.01%
ARE	C	0.01%
AON	B	0.01%
HON	D	0.01%
HBAN	B	0.01%
BIDU	F	0.01%
AMT	C	0.01%
EIX	C	0.01%
MMC	C	0.01%
PAA	C	0.01%
ETR	A	0.01%
ALLY	D	0.01%
BK	A	0.01%
RSG	D	0.01%
TMO	C	0.01%
DG	F	0.01%
LOW	A	0.01%
CAG	C	0.01%
SCHW	D	0.01%
EXC	B	0.01%
MCD	B	0.01%
BNS	A	0.01%
COP	D	0.01%
SO	A	0.01%
COF	A	0.01%
VOD	C	0.01%
WELL	C	0.01%
UNH	C	0.01%
DB	B	0.01%
BMO	C	0.01%
PCG	B	0.01%
HSBC	B	0.01%
NWG	C	0.01%
CI	C	0.01%
MUFG	D	0.01%
GS	C	0.01%
DELL	C	0.01%

VCSH Underweight 223 Positions Relative to CLSE

Symbol	Grade	Weight
META	A	-3.15%
APP	B	-2.04%
ANET	A	-1.86%
CVLT	B	-1.64%
GDDY	C	-1.58%
CVNA	B	-1.53%
GOOG	D	-1.22%
DOCU	C	-1.21%
ACIW	B	-1.12%
HALO	C	-1.03%
SNEX	B	-0.95%
OGN	D	-0.92%
THC	B	-0.85%
AMRX	B	-0.85%
NTNX	C	-0.84%
DVA	B	-0.82%
EME	A	-0.81%
SEIC	C	-0.81%
MLI	B	-0.75%
FTDR	B	-0.75%
CNC	C	-0.73%
PPC	D	-0.72%
JXN	B	-0.72%
UMBF	B	-0.71%
IDCC	B	-0.7%
CHRW	A	-0.66%
IIPR	B	-0.65%
IESC	C	-0.63%
OSCR	C	-0.63%
GVA	B	-0.63%
STRL	B	-0.6%
VRT	C	-0.59%
MUSA	D	-0.59%
TSLA	C	-0.59%
PATK	A	-0.55%
PGR	A	-0.55%
MTZ	B	-0.54%
PRIM	B	-0.54%
AVA	C	-0.54%
NRG	A	-0.54%
SLVM	A	-0.53%
MWA	B	-0.53%
VST	A	-0.53%
ADMA	B	-0.49%
NSA	B	-0.48%
LNTH	D	-0.46%
EEFT	D	-0.45%
RGLD	B	-0.43%
REZI	D	-0.43%
ACT	B	-0.42%
LAMR	A	-0.41%
SAIC	C	-0.4%
MRO	C	-0.39%
FCX	D	-0.38%
J	C	-0.36%
CTRE	C	-0.36%
BCO	A	-0.36%
GRMN	D	-0.35%
KNF	B	-0.35%
ABM	D	-0.34%
TOL	B	-0.34%
STAG	D	-0.33%
GLW	B	-0.32%
JLL	B	-0.32%
ALSN	B	-0.32%
ANF	D	-0.32%
NFLX	B	-0.31%
SM	D	-0.31%
EXP	B	-0.31%
NVR	B	-0.3%
IBP	D	-0.27%
CPNG	A	-0.26%
CCL	C	-0.24%
ADUS	C	-0.15%
SPOT	B	-0.13%
ALNY	C	-0.12%
NTRA	B	-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%
ALIT	D	--0.08%
FOXF	D	--0.08%
AGL	F	--0.09%
NXST	D	--0.09%
VAC	F	--0.1%
DRVN	C	--0.1%
HGV	D	--0.1%
WOR	F	--0.1%
AWR	B	--0.1%
WTW	C	--0.1%
MCW	F	--0.1%
HHH	C	--0.11%
CC	F	--0.11%
ACVA	B	--0.11%
DRI	B	--0.11%
TXG	D	--0.11%
VAL	F	--0.12%
AAL	D	--0.12%
PGNY	F	--0.12%
AA	D	--0.12%
CGON	C	--0.12%
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	B	--0.16%
CLDX	C	--0.16%
PCH	C	--0.16%
WTRG	D	--0.16%
BIRK	F	--0.16%
KRG	C	--0.16%
UEC	D	--0.17%
GTLS	F	--0.17%
SJM	C	--0.17%
ENOV	F	--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%
LAD	C	--0.19%
COTY	F	--0.2%
COLB	B	--0.2%
TMDX	C	--0.2%
CINF	C	--0.2%
LKQ	F	--0.2%
AVAV	C	--0.2%
WOLF	F	--0.2%
AJG	D	--0.21%
GPOR	D	--0.21%
SOFI	C	--0.21%
BX	B	--0.21%
SHC	C	--0.22%
IRTC	F	--0.22%
CNX	A	--0.22%
DXCM	F	--0.22%
RBA	C	--0.22%
CIEN	C	--0.22%
AEIS	D	--0.23%
TTD	B	--0.23%
WTM	D	--0.23%
SW	C	--0.23%
IPAR	D	--0.23%
XYL	D	--0.23%
FDS	C	--0.23%
PTEN	F	--0.24%
SUM	D	--0.24%
BIO	C	--0.24%
AGCO	D	--0.24%
VSH	F	--0.25%
WAT	C	--0.25%
SITE	D	--0.26%
FLYW	F	--0.26%
EQT	D	--0.26%
WSC	D	--0.26%
VVV	D	--0.27%
GT	F	--0.27%
HASI	C	--0.27%
CELH	F	--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%
INSP	C	--0.31%
RVMD	C	--0.32%
ENPH	D	--0.32%
PEN	D	--0.32%
REGN	C	--0.32%
FOUR	C	--0.33%
EVTC	F	--0.33%
RGEN	F	--0.33%
EXAS	C	--0.34%
IAC	C	--0.34%
TOST	A	--0.34%
LPLA	F	--0.35%
MARA	F	--0.35%
ZI	D	--0.36%
ON	F	--0.36%
KLIC	F	--0.36%
LYV	B	--0.36%
AFRM	C	--0.36%
WBD	D	--0.38%
RIOT	F	--0.38%
BBIO	D	--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	D	--0.43%
FIVE	D	--0.45%
TTWO	D	--0.47%
ZBRA	B	--0.48%
GLOB	D	--0.48%
GFS	F	--0.48%
LSCC	D	--0.5%
MDB	D	--0.5%
CFLT	F	--0.5%
BILL	D	--0.5%
DV	F	--0.5%
POOL	D	--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%