CLSE vs. BSV ETF Comparison

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

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

$20.86

Average Daily Volume

41,655

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

BSV

Vanguard Short-Term Bond ETF

BSV Description

The investment seeks to track the performance of a market-weighted 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 Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$76.21

Average Daily Volume

1,837,486

Number of Holdings ^*

442

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	BSV
30 Days	1.86%	0.69%
60 Days	4.98%	-0.13%
90 Days	12.03%	0.20%
12 Months	40.96%	1.74%

102 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in BSV	Overlap
AAPL	B	0.95%	0.01%	0.01%
ABBV	D	0.85%	0.01%	0.01%
AEE	C	-0.11%	0.01%	-0.11%
AES	B	-0.11%	0.01%	-0.11%
ALB	C	-0.32%	0.01%	-0.32%
ALLY	B	-0.18%	0.01%	-0.18%
AMAT	C	2.16%	0.01%	0.01%
AMG	D	0.91%	0.01%	0.01%
AMGN	B	0.87%	0.01%	0.01%
AMP	C	0.26%	0.01%	0.01%
AMZN	A	3.29%	0.01%	0.01%
APD	C	-0.2%	0.01%	-0.2%
ATO	A	-0.23%	0.01%	-0.23%
BA	F	-0.47%	0.01%	-0.47%
BAC	B	0.76%	0.01%	0.01%
BG	B	0.71%	0.01%	0.01%
BKNG	B	0.41%	0.01%	0.01%
CAH	F	0.49%	0.01%	0.01%
CARR	A	-0.36%	0.03%	-0.36%
CAT	D	0.52%	0.01%	0.01%
CI	D	0.6%	0.01%	0.01%
CNA	B	0.47%	0.01%	0.01%
COF	B	-0.17%	0.01%	-0.17%
D	B	-0.37%	0.01%	-0.37%
DG	D	-0.19%	0.01%	-0.19%
DLTR	F	-0.25%	0.01%	-0.25%
DOC	A	-0.09%	0.01%	-0.09%
EBAY	D	0.68%	0.01%	0.01%
EL	F	-0.24%	0.01%	-0.24%
EVRG	B	0.46%	0.01%	0.01%
EXC	B	0.45%	0.01%	0.01%
FDX	D	0.3%	0.01%	0.01%
FIS	C	-0.27%	0.01%	-0.27%
FITB	A	0.73%	0.01%	0.01%
FMC	B	-0.2%	0.01%	-0.2%
FNB	A	-0.26%	0.01%	-0.26%
GE	A	-0.37%	0.01%	-0.37%
GLPI	D	0.37%	0.01%	0.01%
GM	B	0.59%	0.01%	0.01%
GOOGL	B	2.6%	0.01%	0.01%
GS	A	-0.29%	0.01%	-0.29%
HAS	B	-0.09%	0.01%	-0.09%
HD	D	1.08%	0.01%	0.01%
HRB	B	0.44%	0.01%	0.01%
IBM	D	1.29%	0.01%	0.01%
INTC	F	-0.73%	0.01%	-0.73%
JBHT	F	-0.08%	0.01%	-0.08%
JNJ	F	0.85%	0.01%	0.01%
JPM	B	0.88%	0.01%	0.01%
KDP	B	-0.26%	0.01%	-0.26%
KMPR	B	-0.15%	0.01%	-0.15%
KR	B	0.32%	0.01%	0.01%
LDOS	A	0.44%	0.01%	0.01%
LLY	C	0.84%	0.01%	0.01%
LNC	C	-0.21%	0.01%	-0.21%
MCK	B	0.69%	0.01%	0.01%
MO	A	0.74%	0.01%	0.01%
MP	D	-0.21%	0.01%	-0.21%
MPC	D	0.83%	0.01%	0.01%
MRK	B	0.81%	0.01%	0.01%
MS	A	-0.31%	0.01%	-0.31%
MSFT	C	3.35%	0.01%	0.01%
MU	B	2.13%	0.01%	0.01%
NDAQ	D	-0.23%	0.01%	-0.23%
NEE	B	0.51%	0.01%	0.01%
NEU	D	0.24%	0.01%	0.01%
NTAP	B	1.8%	0.01%	0.01%
NVDA	B	3.67%	0.01%	0.01%
O	B	-0.15%	0.01%	-0.15%
OC	B	0.59%	0.01%	0.01%
ORCL	D	-0.26%	0.01%	-0.26%
PEG	A	0.33%	0.01%	0.01%
PFE	D	0.89%	0.01%	0.01%
PG	A	0.73%	0.01%	0.01%
PHM	B	0.11%	0.01%	0.01%
PSX	D	0.74%	0.01%	0.01%
PYPL	C	1.23%	0.01%	0.01%
QCOM	B	2.44%	0.01%	0.01%
RGA	A	0.43%	0.01%	0.01%
RNR	C	-0.26%	0.01%	-0.26%
RPRX	F	0.29%	0.01%	0.01%
RS	D	0.32%	0.01%	0.01%
SKT	D	0.14%	0.01%	0.01%
SNX	A	1.71%	0.01%	0.01%
SPG	C	0.38%	0.01%	0.01%
SPGI	C	0.28%	0.01%	0.01%
SRE	B	-0.19%	0.01%	-0.19%
STLD	D	0.38%	0.01%	0.01%
SYF	B	0.91%	0.01%	0.01%
T	B	0.91%	0.01%	0.01%
TFC	B	-0.13%	0.01%	-0.13%
TSN	B	0.71%	0.01%	0.01%
TXN	A	-0.47%	0.01%	-0.47%
UNP	C	0.24%	0.01%	0.01%
VFC	F	-0.14%	0.01%	-0.14%
VLO	D	0.73%	0.01%	0.01%
VTR	B	-0.1%	0.01%	-0.1%
VTRS	C	0.86%	0.01%	0.01%
WAL	B	-0.19%	0.01%	-0.19%
WFC	A	0.71%	0.01%	0.01%
WMT	C	1.35%	0.01%	0.01%
XOM	B	0.74%	0.01%	0.01%

CLSE Overweight 246 Positions Relative to BSV

Symbol	Grade	Weight
GOOG	B	2.4%
META	D	2.21%
APP	B	2.1%
ANET	C	1.72%
NTNX	A	1.67%
CRWD	C	1.36%
DOCU	B	1.1%
NFLX	C	1.07%
APPF	B	1.04%
MUSA	D	0.96%
STNE	C	0.95%
PAGS	D	0.95%
SPOT	B	0.95%
COIN	D	0.89%
SEIC	C	0.88%
OGN	B	0.86%
TW	A	0.86%
MTG	B	0.86%
HALO	C	0.83%
UBER	D	0.82%
PBF	D	0.8%
IIPR	B	0.78%
BRBR	C	0.78%
IESC	A	0.77%
PPC	A	0.74%
EME	A	0.73%
SMCI	D	0.72%
VRT	A	0.7%
GFF	C	0.68%
F	D	0.67%
MLI	B	0.64%
STRL	B	0.63%
GDDY	A	0.62%
CNC	C	0.62%
UMBF	C	0.62%
ITRI	A	0.62%
PEGA	D	0.62%
THC	A	0.61%
KNF	C	0.61%
FTDR	B	0.6%
VST	B	0.6%
LOPE	B	0.58%
AGO	D	0.58%
SKYW	B	0.58%
NU	C	0.56%
DVA	B	0.56%
BLDR	D	0.55%
PGR	A	0.54%
GMS	C	0.54%
BCC	D	0.54%
AYI	C	0.54%
HQY	D	0.52%
PLTR	D	0.51%
AMR	D	0.51%
DPZ	B	0.5%
CNM	A	0.5%
REZI	D	0.48%
HIG	C	0.47%
UHS	D	0.47%
EXP	A	0.46%
SAIC	C	0.41%
SLVM	A	0.41%
APA	F	0.39%
NSA	D	0.38%
BCO	B	0.38%
J	D	0.36%
GRMN	A	0.36%
STAG	D	0.34%
IBP	D	0.33%
SR	B	0.33%
CVI	F	0.33%
BLD	D	0.32%
FIX	A	0.32%
PSTG	C	0.31%
BAH	B	0.31%
CVNA	B	0.31%
WDC	B	0.31%
OMI	F	0.29%
AMRX	B	0.28%
ANF	B	0.23%
MGM	F	0.21%
NTRA	B	0.2%
DECK	D	0.18%
LNTH	B	0.18%
AEO	B	0.17%
FG	B	0.14%
FCX	B	0.14%
MOD	A	0.13%
DOCS	F	0.11%
VCTR	A	0.09%
SUM	D	0.0%
DNUT	F	-0.05%
AWR	C	-0.06%
TROX	B	-0.07%
DRVN	F	-0.07%
HTZ	F	-0.07%
MODG	B	-0.08%
PYCR	F	-0.08%
IAS	F	-0.08%
PTCT	C	-0.08%
JOBY	D	-0.08%
PNM	C	-0.08%
FCNCA	B	-0.08%
ENPH	F	-0.08%
PLNT	D	-0.09%
SUI	D	-0.09%
CWST	C	-0.09%
ATI	B	-0.09%
MCW	C	-0.09%
RYAN	D	-0.09%
LGIH	F	-0.09%
ACVA	D	-0.1%
CROX	C	-0.1%
COLD	F	-0.1%
PCH	D	-0.1%
EXR	D	-0.11%
CHK	B	-0.11%
CHDN	B	-0.11%
RRC	B	-0.11%
DAY	F	-0.11%
WTW	D	-0.11%
VAC	D	-0.11%
TXG	F	-0.12%
KNX	D	-0.12%
LPX	A	-0.12%
MDU	A	-0.12%
ADC	B	-0.12%
BOOT	B	-0.12%
GOGL	A	-0.12%
AJG	C	-0.14%
IPAR	F	-0.14%
AXON	B	-0.15%
ZWS	C	-0.15%
CRS	B	-0.15%
AVAV	A	-0.15%
LFST	B	-0.15%
SPR	D	-0.15%
CZR	F	-0.15%
RBA	D	-0.15%
CNXC	D	-0.16%
WTM	A	-0.16%
AXSM	B	-0.16%
CHH	F	-0.16%
KVUE	C	-0.16%
SJM	F	-0.16%
XYL	A	-0.16%
MTN	F	-0.17%
WAFD	B	-0.17%
FOXF	F	-0.17%
FLNC	C	-0.17%
ARWR	F	-0.17%
HAYW	C	-0.17%
GPOR	C	-0.17%
FL	F	-0.17%
UCBI	B	-0.17%
FOUR	F	-0.18%
RUN	D	-0.18%
UHAL	B	-0.18%
GME	B	-0.18%
IOVA	D	-0.18%
NARI	F	-0.18%
GPI	B	-0.18%
PR	B	-0.19%
GATX	C	-0.19%
IRT	B	-0.19%
BE	C	-0.19%
HASI	A	-0.2%
BANC	C	-0.2%
PPBI	C	-0.2%
SBCF	C	-0.2%
SHC	F	-0.22%
ROG	C	-0.22%
TSLA	D	-0.22%
EQT	B	-0.22%
PRCT	B	-0.22%
NTLA	F	-0.22%
UEC	B	-0.23%
RIVN	F	-0.23%
IRTC	F	-0.23%
ASB	A	-0.24%
SPT	F	-0.24%
FSLR	B	-0.24%
CG	D	-0.25%
GO	F	-0.25%
EVH	F	-0.25%
MASI	D	-0.26%
NOG	B	-0.26%
LW	F	-0.26%
CNX	B	-0.27%
TMDX	B	-0.27%
BIO	F	-0.27%
NNI	B	-0.27%
CABO	F	-0.27%
AGNC	C	-0.28%
GTLS	B	-0.28%
NOVT	D	-0.28%
UI	D	-0.29%
NEOG	F	-0.29%
AAP	D	-0.29%
TOST	A	-0.29%
AR	B	-0.3%
PFSI	B	-0.3%
CAR	D	-0.3%
TTWO	D	-0.3%
FIVE	F	-0.32%
LAD	D	-0.33%
NXST	C	-0.34%
RVMD	B	-0.35%
BX	D	-0.35%
IBKR	B	-0.35%
FYBR	B	-0.36%
DV	F	-0.36%
KMX	D	-0.37%
CFLT	C	-0.37%
TGNA	D	-0.38%
IAC	B	-0.39%
ZI	F	-0.4%
CRL	D	-0.41%
FIVN	F	-0.41%
MSGS	B	-0.41%
RIOT	F	-0.42%
UTHR	B	-0.42%
LBRDK	F	-0.42%
SATS	C	-0.42%
CGNX	B	-0.43%
DAR	D	-0.43%
VSAT	D	-0.43%
BILL	F	-0.44%
INSP	D	-0.44%
WBD	F	-0.45%
ASAN	F	-0.45%
MSTR	D	-0.45%
RH	D	-0.46%
FND	D	-0.47%
GFS	D	-0.48%
U	F	-0.5%
TECH	B	-0.5%
MARA	C	-0.51%
LITE	F	-0.54%
ALGM	D	-0.54%
COHR	D	-0.55%
WOLF	F	-0.58%
ZBRA	A	-0.58%
KLIC	D	-0.59%
QQQ	C	-0.61%
SITM	C	-0.71%

CLSE Underweight 340 Positions Relative to BSV

Symbol	Grade	Weight
WIT	D	-0.26%
STLA	D	-0.02%
TAP	F	-0.02%
BIIB	C	-0.02%
KLAC	A	-0.02%
MDT	D	-0.02%
NOC	B	-0.02%
NI	A	-0.02%
VOD	F	-0.02%
ETN	A	-0.02%
MCHP	B	-0.02%
OTIS	D	-0.02%
DD	A	-0.02%
VZ	D	-0.02%
V	C	-0.02%
CHTR	F	-0.02%
NNN	B	-0.01%
NVT	A	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
PCAR	D	-0.01%
MA	D	-0.01%
MLM	C	-0.01%
MHK	D	-0.01%
LIN	D	-0.01%
OGS	C	-0.01%
MCO	C	-0.01%
IVZ	D	-0.01%
HRL	B	-0.01%
HP	F	-0.01%
HOG	D	-0.01%
INTU	D	-0.01%
JHG	A	-0.01%
HES	B	-0.01%
JEF	B	-0.01%
JD	B	-0.01%
IFF	A	-0.01%
L	A	-0.01%
JCI	B	-0.01%
H	D	-0.01%
GXO	C	-0.01%
KMB	B	-0.01%
ES	B	-0.01%
EQR	A	-0.01%
EQH	A	-0.01%
EPR	C	-0.01%
DHI	D	-0.01%
FTNT	F	-0.01%
EFX	D	-0.01%
FRT	B	-0.01%
DAL	A	-0.01%
EA	F	-0.01%
DXC	F	-0.01%
CSL	A	-0.01%
FLS	A	-0.01%
GBDC	B	-0.01%
BC	D	-0.01%
ALLE	D	-0.01%
BAX	F	-0.01%
AIZ	D	-0.01%
CMI	B	-0.01%
AVT	A	-0.01%
CLX	F	-0.01%
AVB	A	-0.01%
BRX	C	-0.01%
AEP	A	-0.01%
ADM	C	-0.01%
CHD	A	-0.01%
ARW	B	-0.01%
CF	F	-0.01%
BKU	B	-0.01%
CE	C	-0.01%
CDNS	D	-0.01%
AON	F	-0.01%
A	C	-0.01%
BEN	F	-0.01%
AN	B	-0.01%
CACC	D	-0.01%
CPT	B	-0.01%
BDN	B	-0.01%
BCSF	B	-0.01%
THG	A	-0.01%
UNM	B	-0.01%
WEC	B	-0.01%
TEL	C	-0.01%
SYK	D	-0.01%
SWK	F	-0.01%
VNT	D	-0.01%
TRMB	D	-0.01%
XEL	C	-0.01%
WPC	C	-0.01%
SLG	B	-0.01%
SITC	D	-0.01%
PXD	B	-0.01%
ROST	D	-0.01%
PVH	D	-0.01%
RL	D	-0.01%
PFG	C	-0.01%
PPG	D	-0.01%
SNV	C	-0.01%
MAIN	A	-0.01%
MAA	B	-0.01%
NFG	A	-0.01%
NEM	B	-0.01%
ORLY	D	-0.01%
ORI	A	-0.01%
OPI	C	-0.01%
LNT	B	-0.01%
LII	C	-0.01%
OCSL	C	-0.01%
LEG	F	-0.01%
MSI	A	-0.01%
LAZ	C	-0.01%
NTRS	C	-0.01%
MRVL	D	-0.01%
PDM	B	-0.01%
NSC	D	-0.01%
KIM	C	-0.01%
KEYS	D	-0.01%
K	B	-0.01%
GSBD	A	-0.01%
HUBB	D	-0.01%
HSY	B	-0.01%
JNPR	D	-0.01%
IPG	D	-0.01%
IP	C	-0.01%
HII	D	-0.01%
ILMN	F	-0.01%
GWW	D	-0.01%
KSS	F	-0.01%
KRC	F	-0.01%
DLR	D	-0.01%
FHN	A	-0.01%
EMR	C	-0.01%
EMN	A	-0.01%
FTV	D	-0.01%
ED	A	-0.01%
CUBE	D	-0.01%
DVN	B	-0.01%
CTVA	B	-0.01%
FAF	D	-0.01%
FLEX	C	-0.01%
DOW	C	-0.01%
DOV	A	-0.01%
COKE	B	-0.01%
CNP	B	-0.01%
CNHI	D	-0.01%
BWA	B	-0.01%
BABA	C	-0.01%
CMS	A	-0.01%
AWH	F	-0.01%
AFG	C	-0.01%
BRO	C	-0.01%
BR	D	-0.01%
ADSK	F	-0.01%
ADI	A	-0.01%
CFG	A	-0.01%
BKH	B	-0.01%
APTV	D	-0.01%
APH	A	-0.01%
CP	D	-0.01%
COST	B	-0.01%
UDR	B	-0.01%
UAL	B	-0.01%
TDY	D	-0.01%
WAB	A	-0.01%
TXT	D	-0.01%
TSLX	B	-0.01%
SWKS	F	-0.01%
VOYA	B	-0.01%
VNO	F	-0.01%
VMC	C	-0.01%
WY	F	-0.01%
WU	C	-0.01%
TKR	B	-0.01%
WM	B	-0.01%
WHR	F	-0.01%
PNW	B	-0.01%
ROK	F	-0.01%
SF	A	-0.01%
PSEC	F	-0.01%
PSA	D	-0.01%
SCCO	B	-0.01%
RF	B	-0.01%
SBRA	A	-0.01%
HAL	F	-0.01%
KO	A	-0.01%
ESS	A	-0.01%
KEY	C	-0.01%
HUM	F	-0.01%
NUE	F	-0.01%
LYB	C	-0.01%
MMM	B	-0.01%
OHI	B	-0.01%
LHX	A	-0.01%
LH	F	-0.01%
MET	C	-0.01%
NXPI	A	-0.01%
MDLZ	B	-0.01%
BHP	D	-0.01%
CRM	D	-0.01%
AZO	D	-0.01%
AWK	B	-0.01%
CME	C	-0.01%
AGR	B	-0.01%
CL	A	-0.01%
DHR	C	-0.01%
DTE	A	-0.01%
ETR	A	-0.01%
CNO	B	-0.01%
HST	D	-0.01%
GP	F	-0.01%
MAR	D	-0.01%
LRCX	D	-0.01%
MKC	B	-0.01%
WB	C	-0.01%
SYY	D	-0.01%
ZTS	D	-0.01%
VRSK	B	-0.01%
R	A	-0.01%
PKG	D	-0.01%
PRU	A	-0.01%
ADP	D	-0.01%
ABT	F	-0.01%
HBAN	A	-0.01%
KMI	A	-0.01%
EOG	B	-0.01%
DGX	B	-0.01%
EIX	A	-0.01%
DE	B	-0.01%
FSK	B	-0.01%
LEN	D	-0.01%
ITW	D	-0.01%
TT	A	-0.01%
AFL	A	-0.01%
ADBE	D	-0.01%
BLK	D	-0.01%
BIDU	C	-0.01%
FANG	B	-0.01%
CSX	D	-0.01%
CSCO	D	-0.01%
EXPE	F	-0.01%
AL	B	-0.01%
BXP	F	-0.01%
TJX	C	-0.01%
WLK	B	-0.01%
PM	A	-0.01%
RSG	C	-0.01%
SHW	D	-0.01%
ROP	D	-0.01%
PPL	A	-0.01%
AMT	D	-0.01%
COP	C	-0.01%
STT	C	-0.01%
TMO	D	-0.01%
WRK	A	-0.01%
WMB	A	-0.01%
SLB	F	-0.01%
PH	B	-0.01%
CB	C	-0.01%
CPB	B	-0.01%
USB	D	-0.01%
UPS	D	-0.01%
TGT	D	-0.01%
UNH	C	-0.01%
WBA	F	-0.01%
AIG	A	-0.01%
CM	C	-0.01%
AER	A	-0.01%
BK	A	-0.01%
CCI	D	-0.01%
BERY	D	-0.01%
DUK	A	-0.01%
GD	A	-0.01%
CAF	B	-0.01%
ICE	C	-0.01%
ET	A	-0.01%
EQIX	F	-0.01%
FOXA	B	-0.01%
OMC	B	-0.01%
MCD	F	-0.01%
GPN	F	-0.01%
HON	C	-0.01%
GIS	C	-0.01%
SBUX	F	-0.01%
LVS	D	-0.01%
NKE	D	-0.01%
MMC	C	-0.01%
PAA	B	-0.01%
ZBH	D	-0.01%
STZ	D	-0.01%
PNC	B	-0.01%
RTX	A	-0.01%
ARE	D	-0.01%
ARCC	A	-0.01%
BDX	F	-0.01%
CMA	B	-0.01%
BSX	B	-0.01%
AVGO	C	-0.01%
DIS	D	-0.01%
DFS	C	-0.01%
EDC	B	-0.01%
ALL	B	-0.01%
COE	C	-0.01%
CAG	B	-0.01%
HPQ	C	-0.01%
MPLX	A	-0.01%
GSK	A	-0.01%
LOW	D	-0.01%
OKE	B	-0.01%
MTB	A	-0.01%
AXP	A	-0.01%
EPD	B	-0.01%
DB	B	-0.01%
GILD	F	-0.01%
RY	A	-0.01%
PEP	B	-0.01%
AZN	A	-0.01%
BNS	D	-0.01%
HCA	D	-0.01%
EQNR	C	-0.01%
CVX	B	-0.01%
NWG	A	-0.01%
HPE	D	-0.01%
SCHW	A	-0.01%
PCG	B	-0.01%
LUV	D	-0.01%
LMT	A	-0.01%
SO	A	-0.01%
TMUS	B	-0.01%
WELL	A	-0.01%
TD	F	-0.01%
BMO	C	-0.01%
CMCSA	D	-0.01%
BMY	F	-0.01%
CVS	F	-0.01%
MUFG	D	-0.01%
HSBC	A	-0.01%
DELL	B	-0.01%
C	A	-0.01%