CLSE vs. ARB ETF Comparison
Comparison of Convergence Long/Short Equity ETF (CLSE) to AltShares Merger Arbitrage ETF (ARB)
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
$22.02
Average Daily Volume
50,834
Number of Holdings
*
325
* may have additional holdings in another (foreign) market
ARB
AltShares Merger Arbitrage ETF
ARB Description
AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$27.75
Average Daily Volume
9,722
Number of Holdings
*
42
* may have additional holdings in another (foreign) market
Performance
| Period | CLSE | ARB |
|---|---|---|
| 30 Days | 1.80% | 0.59% |
| 60 Days | 5.28% | 1.53% |
| 90 Days | 2.71% | 3.08% |
| 12 Months | 36.41% | 5.75% |
CLSE Overweight 322 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | C | 3.93% | |
| META | B | 3.19% | |
| GOOGL | D | 3.05% | |
| AVGO | C | 2.6% | |
| QCOM | D | 2.6% | |
| AMZN | C | 2.44% | |
| AAPL | C | 2.17% | |
| APP | C | 1.96% | |
| WMT | B | 1.95% | |
| NTAP | D | 1.88% | |
| ANET | C | 1.87% | |
| CVNA | B | 1.74% | |
| IBM | B | 1.71% | |
| CVLT | B | 1.64% | |
| HPE | C | 1.63% | |
| GDDY | C | 1.55% | |
| GOOG | D | 1.25% | |
| ORCL | B | 1.23% | |
| DOCU | C | 1.21% | |
| HD | B | 1.18% | |
| ACIW | B | 1.14% | |
| MSFT | C | 1.12% | |
| HALO | D | 1.05% | |
| T | B | 1.03% | |
| ABBV | B | 1.03% | |
| PYPL | B | 1.03% | |
| SNEX | C | 1.03% | |
| AMG | C | 1.02% | |
| JHG | B | 0.99% | |
| NTRS | C | 0.98% | |
| MU | D | 0.97% | |
| JNJ | C | 0.96% | |
| GILD | B | 0.93% | |
| AVT | B | 0.92% | |
| SYF | C | 0.9% | |
| AMRX | C | 0.89% | |
| OGN | D | 0.89% | |
| THC | C | 0.85% | |
| EME | B | 0.84% | |
| DVA | B | 0.84% | |
| IDCC | B | 0.83% | |
| SEIC | B | 0.82% | |
| BAC | D | 0.82% | |
| UHS | C | 0.82% | |
| VLO | F | 0.8% | |
| NTNX | D | 0.8% | |
| MLI | B | 0.77% | |
| MO | C | 0.77% | |
| FTDR | B | 0.76% | |
| MPC | F | 0.74% | |
| PPC | D | 0.73% | |
| CNC | D | 0.73% | |
| PG | C | 0.72% | |
| BG | F | 0.72% | |
| JXN | B | 0.69% | |
| IIPR | B | 0.68% | |
| GVA | B | 0.65% | |
| STRL | C | 0.65% | |
| CHRW | B | 0.63% | |
| FITB | B | 0.62% | |
| OSCR | D | 0.6% | |
| JPM | D | 0.6% | |
| CAH | C | 0.6% | |
| UNP | D | 0.59% | |
| RF | B | 0.59% | |
| VST | B | 0.59% | |
| XOM | D | 0.59% | |
| PATK | C | 0.58% | |
| TSLA | C | 0.58% | |
| DVN | F | 0.58% | |
| TSN | D | 0.57% | |
| PRIM | B | 0.57% | |
| WFC | D | 0.57% | |
| CFG | D | 0.57% | |
| SLVM | C | 0.56% | |
| ADMA | C | 0.56% | |
| MTZ | C | 0.56% | |
| GM | C | 0.56% | |
| NRG | B | 0.56% | |
| AMGN | D | 0.55% | |
| AVA | B | 0.55% | |
| PNW | C | 0.55% | |
| NEE | B | 0.55% | |
| MET | B | 0.55% | |
| PGR | C | 0.54% | |
| IESC | B | 0.54% | |
| RGA | C | 0.54% | |
| MRK | F | 0.54% | |
| MWA | B | 0.54% | |
| NEM | C | 0.53% | |
| LMT | A | 0.53% | |
| CVX | F | 0.52% | |
| FDX | D | 0.52% | |
| VRT | C | 0.51% | |
| HRB | C | 0.51% | |
| BMY | C | 0.5% | |
| EXPE | C | 0.5% | |
| NSA | C | 0.49% | |
| CNA | D | 0.49% | |
| RTX | B | 0.49% | |
| MUSA | D | 0.47% | |
| LNTH | D | 0.47% | |
| EEFT | F | 0.46% | |
| ACT | C | 0.46% | |
| KLAC | D | 0.46% | |
| MCK | F | 0.45% | |
| REZI | D | 0.44% | |
| LAMR | B | 0.43% | |
| EQR | C | 0.43% | |
| RGLD | C | 0.42% | |
| MRO | D | 0.41% | |
| SCCO | C | 0.4% | |
| LDOS | A | 0.4% | |
| SPG | B | 0.4% | |
| FCX | C | 0.39% | |
| KMB | C | 0.39% | |
| SAIC | C | 0.39% | |
| KNF | C | 0.38% | |
| CTRE | C | 0.36% | |
| J | A | 0.36% | |
| TOL | A | 0.35% | |
| BCO | B | 0.34% | |
| CAT | B | 0.34% | |
| ABM | D | 0.34% | |
| GLW | B | 0.33% | |
| SM | F | 0.33% | |
| ALSN | B | 0.33% | |
| EXP | B | 0.33% | |
| STAG | D | 0.33% | |
| IBP | C | 0.33% | |
| NFLX | B | 0.31% | |
| NVR | B | 0.31% | |
| VTRS | D | 0.31% | |
| JLL | B | 0.3% | |
| CPNG | B | 0.27% | |
| BKNG | B | 0.26% | |
| CCL | C | 0.25% | |
| ANF | D | 0.23% | |
| MHO | B | 0.19% | |
| KR | B | 0.17% | |
| NTRA | C | 0.15% | |
| SPOT | C | 0.13% | |
| ADUS | C | 0.12% | |
| ALNY | C | 0.12% | |
| GRMN | D | 0.09% | |
| QQQ | B | 0.0% | |
| JOBY | F | -0.04% | |
| AEE | B | -0.04% | |
| BC | C | -0.05% | |
| WOR | F | -0.05% | |
| CAR | D | -0.06% | |
| FOXF | F | -0.08% | |
| AES | C | -0.08% | |
| ALIT | D | -0.08% | |
| CZR | C | -0.09% | |
| NXST | D | -0.09% | |
| DRVN | C | -0.1% | |
| VAC | D | -0.1% | |
| HGV | F | -0.1% | |
| AWR | C | -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 | C | -0.12% | |
| CC | D | -0.13% | |
| LAD | B | -0.13% | |
| PPBI | D | -0.14% | |
| RBLX | C | -0.14% | |
| AA | C | -0.14% | |
| VFC | B | -0.14% | |
| SJM | C | -0.15% | |
| EXR | C | -0.15% | |
| PCH | C | -0.15% | |
| MTN | D | -0.15% | |
| DAY | D | -0.15% | |
| PYCR | D | -0.15% | |
| CHDN | D | -0.16% | |
| CLDX | F | -0.16% | |
| CG | C | -0.16% | |
| WY | C | -0.16% | |
| WTRG | D | -0.16% | |
| ILMN | D | -0.16% | |
| AESI | D | -0.16% | |
| KRG | C | -0.16% | |
| CIEN | B | -0.17% | |
| CGON | C | -0.17% | |
| UHAL | B | -0.17% | |
| WAL | B | -0.17% | |
| OKE | C | -0.18% | |
| GTLS | F | -0.18% | |
| VNO | B | -0.18% | |
| AVAV | C | -0.18% | |
| UEC | D | -0.18% | |
| HI | F | -0.18% | |
| BEAM | F | -0.18% | |
| ENOV | F | -0.18% | |
| TXG | D | -0.18% | |
| CNH | C | -0.19% | |
| KNSL | D | -0.19% | |
| BIRK | F | -0.2% | |
| BANC | C | -0.2% | |
| XPO | D | -0.2% | |
| BE | F | -0.2% | |
| APD | B | -0.2% | |
| LKQ | F | -0.2% | |
| WOLF | F | -0.2% | |
| NTLA | F | -0.2% | |
| CINF | C | -0.2% | |
| TFC | D | -0.2% | |
| TTD | B | -0.2% | |
| FCNCA | D | -0.2% | |
| COLB | B | -0.21% | |
| RBA | D | -0.21% | |
| LUV | C | -0.21% | |
| IRTC | F | -0.21% | |
| TMDX | C | -0.21% | |
| AJG | D | -0.21% | |
| AGCO | D | -0.21% | |
| EL | D | -0.21% | |
| SHC | C | -0.22% | |
| SBUX | C | -0.22% | |
| WBA | F | -0.22% | |
| TREX | F | -0.22% | |
| GPOR | C | -0.22% | |
| SOFI | D | -0.22% | |
| CSCO | B | -0.23% | |
| IPAR | D | -0.23% | |
| COTY | D | -0.23% | |
| XYL | C | -0.23% | |
| WTM | F | -0.23% | |
| SW | B | -0.24% | |
| DXCM | F | -0.24% | |
| CNX | B | -0.24% | |
| RNR | B | -0.24% | |
| FLYW | F | -0.24% | |
| AEIS | D | -0.24% | |
| VSH | F | -0.25% | |
| WSC | D | -0.25% | |
| BIO | C | -0.25% | |
| SUM | D | -0.25% | |
| PTEN | F | -0.26% | |
| WAT | B | -0.26% | |
| ALB | D | -0.26% | |
| SITE | D | -0.27% | |
| APLS | F | -0.27% | |
| AL | C | -0.27% | |
| HASI | C | -0.27% | |
| GMED | D | -0.28% | |
| GT | F | -0.28% | |
| HSY | D | -0.28% | |
| VVV | D | -0.28% | |
| GE | C | -0.29% | |
| CELH | F | -0.29% | |
| LW | D | -0.29% | |
| DLTR | F | -0.29% | |
| FDS | C | -0.3% | |
| PSA | C | -0.31% | |
| INSP | D | -0.31% | |
| LVS | C | -0.31% | |
| PEN | D | -0.31% | |
| SRE | B | -0.32% | |
| TOST | C | -0.32% | |
| D | C | -0.32% | |
| NEOG | D | -0.32% | |
| RVMD | C | -0.33% | |
| EVTC | D | -0.33% | |
| MARA | D | -0.33% | |
| MRNA | F | -0.33% | |
| MNST | D | -0.33% | |
| ON | D | -0.34% | |
| FOUR | C | -0.34% | |
| LPLA | D | -0.35% | |
| IAC | C | -0.35% | |
| NDAQ | C | -0.35% | |
| EXAS | D | -0.35% | |
| ZI | D | -0.36% | |
| BBIO | F | -0.36% | |
| FIVN | F | -0.36% | |
| ENPH | D | -0.36% | |
| AFRM | D | -0.36% | |
| MKTX | D | -0.36% | |
| LYV | A | -0.37% | |
| ADBE | F | -0.37% | |
| KLIC | D | -0.37% | |
| BA | F | -0.38% | |
| ZBRA | B | -0.38% | |
| RIOT | F | -0.39% | |
| BRZE | F | -0.4% | |
| RIVN | F | -0.4% | |
| PATH | D | -0.4% | |
| C | C | -0.42% | |
| WBD | D | -0.43% | |
| CCOI | C | -0.44% | |
| CGNX | F | -0.44% | |
| GLOB | D | -0.45% | |
| TTWO | D | -0.46% | |
| SATS | C | -0.46% | |
| MDB | D | -0.47% | |
| FIVE | D | -0.48% | |
| DV | F | -0.49% | |
| BILL | D | -0.49% | |
| MCHP | D | -0.51% | |
| CFLT | F | -0.53% | |
| RH | C | -0.56% | |
| POOL | C | -0.57% | |
| LBRDK | C | -0.58% | |
| SMCI | F | -0.58% | |
| WDC | C | -0.6% | |
| U | D | -0.63% | |
| FND | C | -0.63% | |
| LSCC | D | -0.65% | |
| GFS | F | -0.67% | |
| LITE | B | -0.73% | |
| TXN | B | -0.86% | |
| INTC | D | -0.89% |
CLSE Underweight 39 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| HCP | A | -3.33% | |
| HES | F | -3.31% | |
| ANSS | D | -3.06% | |
| WIRE | A | -2.76% | |
| HIBB | A | -2.69% | |
| PRFT | B | -2.69% | |
| EDR | A | -2.67% | |
| CHX | F | -2.56% | |
| ETRN | D | -2.51% | |
| JNPR | A | -2.31% | |
| CTLT | B | -2.24% | |
| ALE | A | -2.09% | |
| AXNX | B | -2.09% | |
| VZIO | B | -1.99% | |
| EVBG | B | -1.98% | |
| X | F | -1.89% | |
| CERE | A | -1.88% | |
| HTLF | C | -1.88% | |
| SWN | C | -1.85% | |
| AMK | B | -1.83% | |
| DFS | C | -1.77% | |
| CPRI | D | -1.75% | |
| AMED | D | -1.45% | |
| MGRC | D | -1.36% | |
| AGS | D | -1.32% | |
| HAYN | D | -1.31% | |
| NWLI | A | -1.28% | |
| HA | A | -1.23% | |
| WRK | C | -0.94% | |
| SBOW | D | -0.82% | |
| OSG | A | -0.67% | |
| IBTX | C | -0.67% | |
| OLK | A | -0.62% | |
| SRCL | B | -0.6% | |
| CNSL | A | -0.57% | |
| CRGY | D | --0.49% | |
| SSB | C | --0.68% | |
| SNPS | F | --1.86% | |
| CHRD | F | --2.18% |
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Semiconductors
Banks - Regional - US
Diagnostics & Research
Software - Infrastructure
Engineering & Construction
Oil & Gas E&P
Asset Management
Building Materials
Communication Equipment
Drug Manufacturers - Major
Information Technology Services
Internet Content & Information
REIT - Industrial
Business Services
Capital Markets
Diversified Industrials
Household & Personal Products
Insurance - Property & Casualty
ARB: Top Represented Industries & Keywords
Industries:
Oil & Gas E&P
Banks - Regional - US
Software - Application
Airlines
Apparel Manufacturing
Asset Management
Biotechnology
Communication Equipment
Consumer Electronics
Credit Services
Diagnostics & Research
Drug Manufacturers - Specialty & Generic
Electronic Components
Entertainment
Gambling
Information Technology Services
Insurance - Life
Medical Care
Medical Devices
Metal Fabrication
Compare ETFs
