XLK vs. CLSE ETF Comparison

Comparison of SPDR Select Sector Fund - Technology (XLK) to Convergence Long/Short Equity ETF (CLSE)

XLK

SPDR Select Sector Fund - Technology

XLK Description

The investment seeks investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Technology Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$237.16

Average Daily Volume

4,158,419

Number of Holdings ^*

* 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

$23.88

Average Daily Volume

61,080

Number of Holdings ^*

335

* may have additional holdings in another (foreign) market

Performance

Period	XLK	CLSE
30 Days	2.90%	5.29%
60 Days	14.63%	13.88%
90 Days	15.54%	14.37%
12 Months	36.57%	44.06%

27 Overlapping Holdings

Symbol	Grade	Weight in XLK	Weight in CLSE	Overlap
AAPL	B	14.77%	1.42%	1.42%
ADBE	F	2.38%	-0.54%	-0.54%
ANET	C	1.12%	2.0%	1.12%
APH	B	0.9%	0.82%	0.82%
AVGO	B	4.48%	2.45%	2.45%
DELL	C	0.4%	-0.55%	-0.55%
ENPH	F	0.13%	-0.27%	-0.27%
FFIV	B	0.15%	0.13%	0.13%
GDDY	A	0.26%	1.34%	0.26%
GLW	B	0.41%	0.31%	0.31%
HPE	B	0.28%	1.9%	0.28%
IBM	D	2.13%	1.21%	1.21%
INTC	C	1.03%	-1.01%	-1.01%
LRCX	D	1.09%	0.0%	0.0%
MCHP	F	0.44%	-0.45%	-0.45%
MPWR	F	0.41%	0.79%	0.41%
MU	C	1.24%	2.4%	1.24%
NTAP	C	0.27%	1.63%	0.27%
NVDA	B	14.04%	4.35%	4.35%
ON	D	0.34%	-0.4%	-0.4%
ORCL	A	3.01%	1.37%	1.37%
PLTR	A	0.94%	0.28%	0.28%
QCOM	C	2.03%	1.84%	1.84%
SMCI	F	0.16%	-0.43%	-0.43%
TXN	A	2.08%	-0.9%	-0.9%
WDC	C	0.24%	-0.71%	-0.71%
ZBRA	B	0.22%	-0.37%	-0.37%

XLK Overweight 41 Positions Relative to CLSE

Symbol	Grade	Weight
MSFT	C	12.99%
CRM	A	3.17%
AMD	F	2.61%
CSCO	A	2.47%
ACN	C	2.42%
NOW	B	2.15%
INTU	A	1.91%
AMAT	D	1.69%
PANW	A	1.31%
ADI	D	1.24%
KLAC	F	1.0%
SNPS	B	0.88%
CDNS	B	0.85%
MSI	A	0.84%
CRWD	C	0.77%
ADSK	A	0.69%
NXPI	D	0.67%
ROP	B	0.65%
FTNT	A	0.56%
FICO	B	0.55%
IT	B	0.43%
CTSH	B	0.41%
HPQ	B	0.39%
ANSS	B	0.31%
TYL	B	0.29%
KEYS	A	0.29%
CDW	F	0.28%
PTC	B	0.25%
STX	D	0.24%
TDY	A	0.24%
FSLR	F	0.23%
TER	F	0.19%
GEN	B	0.18%
TRMB	A	0.17%
VRSN	D	0.17%
AKAM	F	0.17%
JBL	C	0.16%
SWKS	F	0.16%
JNPR	C	0.14%
EPAM	C	0.12%
QRVO	F	0.08%

XLK Underweight 308 Positions Relative to CLSE

Symbol	Grade	Weight
META	B	-3.51%
GOOGL	B	-3.28%
AMZN	B	-2.27%
APP	B	-1.82%
WMT	A	-1.82%
CVLT	A	-1.75%
CVNA	B	-1.67%
IDCC	A	-1.33%
BMY	C	-1.31%
ACIW	B	-1.3%
YOU	D	-1.17%
T	B	-1.15%
JHG	A	-1.14%
PYPL	A	-1.13%
HD	B	-1.13%
DOCU	A	-1.12%
ABBV	B	-1.1%
NTRS	B	-1.08%
NTNX	B	-1.08%
SNEX	B	-1.05%
GILD	B	-1.0%
AMG	C	-1.0%
SYF	B	-1.0%
ALNY	B	-0.94%
JNJ	D	-0.91%
CARG	B	-0.9%
SEIC	B	-0.89%
AMRX	C	-0.89%
HALO	C	-0.87%
PPC	B	-0.84%
BFH	B	-0.82%
MLI	B	-0.81%
AVT	B	-0.79%
MO	B	-0.78%
THC	B	-0.78%
BAC	B	-0.77%
UHS	D	-0.75%
FITB	B	-0.75%
DVA	D	-0.74%
COR	B	-0.73%
NRG	B	-0.72%
LNG	A	-0.72%
PG	D	-0.7%
GVA	A	-0.7%
WFC	B	-0.7%
EME	B	-0.67%
PRIM	A	-0.67%
RF	B	-0.66%
CAH	B	-0.65%
IESC	A	-0.65%
TSLA	B	-0.64%
XOM	B	-0.64%
CEIX	B	-0.64%
ALSN	A	-0.63%
FLR	C	-0.63%
MWA	A	-0.62%
UMBF	B	-0.62%
JPM	B	-0.62%
CHRW	B	-0.62%
LDOS	A	-0.61%
JXN	B	-0.61%
UNP	D	-0.61%
STRL	A	-0.6%
CCL	B	-0.6%
EXP	B	-0.59%
CVS	F	-0.59%
CACI	B	-0.58%
MTZ	A	-0.58%
TSN	D	-0.57%
CPNG	C	-0.57%
EXPE	B	-0.56%
AVA	D	-0.56%
FTDR	A	-0.56%
NFLX	A	-0.56%
PM	C	-0.55%
MET	C	-0.55%
GM	B	-0.55%
VRT	A	-0.55%
RGA	B	-0.54%
PNC	A	-0.54%
SLVM	A	-0.53%
IIPR	F	-0.5%
FTI	B	-0.5%
GOOG	B	-0.5%
PATK	D	-0.49%
RGLD	B	-0.49%
PNW	B	-0.48%
MDT	C	-0.48%
CNA	D	-0.48%
SCCO	D	-0.47%
VLO	D	-0.47%
CTRE	C	-0.47%
PGR	B	-0.45%
ALL	B	-0.42%
MPC	F	-0.41%
SO	D	-0.39%
LPX	B	-0.39%
BKNG	B	-0.37%
OUT	C	-0.37%
SPG	A	-0.37%
MUSA	C	-0.36%
EQR	D	-0.36%
NEM	D	-0.35%
J	C	-0.35%
R	A	-0.35%
CNC	F	-0.34%
LAMR	C	-0.34%
TOL	B	-0.34%
VST	B	-0.33%
UI	B	-0.33%
JLL	C	-0.31%
IBP	F	-0.28%
ATGE	B	-0.27%
NVR	D	-0.26%
PTON	A	-0.25%
ANF	C	-0.24%
OGN	F	-0.23%
NEE	D	-0.22%
EEFT	C	-0.22%
FI	B	-0.21%
MRK	F	-0.2%
ABM	B	-0.19%
MATX	B	-0.18%
BCO	D	-0.17%
NTRA	A	-0.16%
NSA	D	-0.16%
ACT	D	-0.16%
KR	A	-0.16%
FMC	D	-0.14%
OSCR	F	-0.13%
VCYT	B	-0.12%
KMB	D	-0.11%
ILMN	B	-0.1%
LNTH	D	-0.06%
QQQ	A	-0.0%
CAR	D	--0.05%
HGV	C	--0.06%
FLYW	C	--0.07%
VAC	B	--0.07%
NXST	C	--0.08%
RYN	D	--0.08%
AGO	B	--0.08%
SJM	D	--0.09%
HUN	F	--0.09%
MCW	B	--0.09%
COIN	B	--0.09%
TMHC	A	--0.09%
HHH	B	--0.09%
TROX	F	--0.1%
WOLF	F	--0.1%
ABG	B	--0.1%
HBI	B	--0.1%
THO	C	--0.1%
NARI	C	--0.11%
KLIC	C	--0.11%
AVAV	B	--0.11%
APD	B	--0.11%
ACVA	C	--0.11%
PCH	F	--0.11%
PENN	C	--0.11%
SBUX	B	--0.11%
MASI	B	--0.12%
TXG	F	--0.12%
NTLA	F	--0.12%
VMC	B	--0.12%
CHDN	B	--0.12%
VNO	A	--0.13%
ALIT	D	--0.13%
EQIX	B	--0.13%
JBLU	C	--0.14%
FDS	B	--0.14%
BIO	B	--0.14%
BEAM	C	--0.14%
DAY	A	--0.14%
MKL	B	--0.14%
PYCR	C	--0.14%
DRVN	B	--0.14%
WBS	B	--0.14%
AES	F	--0.15%
OKE	A	--0.15%
AA	B	--0.15%
EXR	D	--0.15%
ALB	C	--0.16%
LGIH	D	--0.16%
CC	C	--0.16%
KNSL	D	--0.17%
MTN	D	--0.17%
RNR	B	--0.17%
AIR	C	--0.18%
LKQ	F	--0.18%
CZR	D	--0.18%
ALGM	F	--0.18%
BIRK	F	--0.18%
EL	F	--0.18%
AJG	C	--0.18%
EW	F	--0.18%
BE	C	--0.18%
KRG	B	--0.18%
WAL	B	--0.19%
PRCT	A	--0.19%
UHAL	B	--0.19%
GTLS	B	--0.19%
TEX	C	--0.19%
ENOV	C	--0.19%
COTY	F	--0.19%
KROS	B	--0.19%
CNH	D	--0.19%
GATX	B	--0.2%
CINF	B	--0.2%
TFC	B	--0.2%
OSK	B	--0.2%
AGCO	D	--0.2%
COLD	F	--0.2%
TTD	B	--0.2%
XYL	F	--0.2%
CGON	C	--0.2%
XPO	B	--0.21%
TREX	C	--0.21%
UEC	B	--0.21%
BRKR	F	--0.21%
C	B	--0.21%
SRE	A	--0.21%
COLB	B	--0.22%
PNFP	B	--0.22%
RBA	B	--0.22%
SAIA	C	--0.22%
EXAS	F	--0.22%
ATO	A	--0.22%
WTM	B	--0.22%
AEIS	B	--0.23%
FCNCA	B	--0.23%
AESI	D	--0.23%
SITE	C	--0.24%
AL	B	--0.24%
SUM	B	--0.24%
ESTC	C	--0.24%
WTRG	B	--0.24%
ELF	D	--0.24%
GPOR	C	--0.24%
ARWR	C	--0.24%
BANC	B	--0.24%
VAL	F	--0.25%
GT	C	--0.25%
SOFI	A	--0.25%
ROIV	C	--0.25%
AWK	D	--0.26%
HSY	F	--0.26%
LYV	B	--0.26%
SW	B	--0.26%
PSA	D	--0.26%
MARA	C	--0.27%
FOUR	B	--0.27%
LW	C	--0.27%
EVTC	C	--0.28%
RIOT	C	--0.28%
PTEN	D	--0.28%
MSCI	B	--0.28%
MNST	B	--0.29%
EQT	B	--0.29%
NEOG	C	--0.29%
ABNB	D	--0.3%
CELH	F	--0.3%
MDB	C	--0.31%
INSP	D	--0.31%
GTLB	C	--0.31%
APLS	F	--0.31%
COHR	B	--0.32%
NDAQ	B	--0.32%
BEN	C	--0.33%
AFRM	B	--0.33%
APO	B	--0.34%
PINS	D	--0.34%
AUR	C	--0.35%
BILL	B	--0.35%
VVV	B	--0.35%
WBD	C	--0.36%
MKTX	C	--0.36%
CCOI	B	--0.37%
BBIO	D	--0.38%
LPLA	A	--0.38%
CACC	F	--0.38%
RIVN	F	--0.39%
PATH	D	--0.41%
DLTR	F	--0.42%
CYTK	D	--0.43%
BA	F	--0.44%
DG	F	--0.44%
MRNA	F	--0.46%
DV	D	--0.47%
LBRDK	B	--0.47%
TTWO	B	--0.49%
CGNX	C	--0.49%
RBLX	B	--0.49%
U	D	--0.5%
GE	C	--0.5%
SATS	C	--0.51%
FIVN	D	--0.51%
ZI	C	--0.52%
RH	B	--0.52%
DXCM	D	--0.53%
CFLT	C	--0.53%
BRZE	D	--0.54%
POOL	B	--0.55%
FND	F	--0.56%
FIVE	F	--0.58%
LITE	B	--0.75%
LSCC	C	--0.87%
GFS	C	--0.91%