CLSE vs. BTAL ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)
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

$23.68

Average Daily Volume

65,624

Number of Holdings *

337

* may have additional holdings in another (foreign) market
BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.20

Average Daily Volume

467,825

Number of Holdings *

392

* may have additional holdings in another (foreign) market
Performance
Period CLSE BTAL
30 Days 4.18% -2.59%
60 Days 7.10% -1.84%
90 Days 9.38% -2.74%
12 Months 39.93% -5.88%
112 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in BTAL Overlap
AA A -0.14% -0.56% -0.56%
ABBV F 0.72% 0.36% 0.36%
AES F -0.08% -0.35% -0.35%
AFRM A -0.35% -0.84% -0.84%
ALB B -0.16% -0.52% -0.52%
ALL A 0.45% 0.48% 0.45%
ALSN B 0.66% 0.56% 0.56%
ANET C 1.83% -0.46% -0.46%
ARWR D -0.14% -0.35% -0.35%
AVGO D 2.28% -0.45% -0.45%
AVT C 0.66% 0.42% 0.42%
AWK C -0.26% -0.42% -0.42%
BILL A -0.26% 0.68% -0.26%
BLK B 0.65% -0.54% -0.54%
BMY B 1.11% 0.51% 0.51%
BRZE C -0.56% -0.33% -0.56%
CACI D 0.48% 0.42% 0.42%
CCL A 0.35% -0.63% -0.63%
CDP C 0.34% 0.44% 0.34%
CELH F -0.24% -0.29% -0.29%
CF A 0.37% 0.46% 0.37%
CFLT B -0.47% 0.56% -0.47%
CHRW B 0.61% 0.45% 0.45%
CINF A 0.12% 0.49% 0.12%
CMA B 0.71% -0.54% -0.54%
CNC D 0.31% 0.32% 0.31%
COHR B -0.36% -0.52% -0.52%
COR B 0.86% 0.45% 0.45%
COTY F -0.18% -0.33% -0.33%
CRL D -0.15% -0.41% -0.41%
CSCO B -0.52% 0.49% -0.52%
CVNA B 1.85% -0.68% -0.68%
CZR F -0.15% -0.42% -0.42%
DAR C -0.16% -0.45% -0.45%
DAY B -0.14% -0.56% -0.56%
DELL B -0.25% -0.53% -0.53%
DUOL A 0.45% -0.63% -0.63%
EL F -0.12% -0.31% -0.31%
ELF C -0.24% -0.35% -0.35%
ENPH F -0.11% -0.23% -0.23%
EQR C 0.35% 0.44% 0.35%
EQT B -0.23% -0.59% -0.59%
EW C -0.16% -0.44% -0.44%
EXP B 0.48% -0.53% -0.53%
EXPE B 0.61% -0.56% -0.56%
FFIV B 0.6% 0.52% 0.52%
FND D -0.53% -0.4% -0.53%
FOUR A -0.27% -0.54% -0.54%
FOXA A 0.14% 0.48% 0.14%
GILD C 1.07% 0.49% 0.49%
GLW B 0.52% 0.47% 0.47%
GTLS A -0.15% -0.58% -0.58%
HQY A 0.07% 0.58% 0.07%
ILMN C 0.1% -0.43% -0.43%
INTC C -0.93% -0.54% -0.93%
J D 0.31% 0.41% 0.31%
JAZZ B 0.16% 0.44% 0.16%
JHG B 1.21% -0.53% -0.53%
JLL D 0.2% -0.46% -0.46%
JNJ C 0.83% 0.42% 0.42%
KR B 0.17% 0.47% 0.17%
LAMR C 0.31% -0.46% -0.46%
LITE B -0.6% -0.62% -0.62%
LNG A 0.97% 0.51% 0.51%
LPLA A -0.34% 0.59% -0.34%
LPX B 0.43% -0.52% -0.52%
LRCX F 0.0% -0.36% -0.36%
LYV A -0.3% -0.62% -0.62%
MDB B -0.29% -0.53% -0.53%
MKL A -0.14% 0.53% -0.14%
MPWR F 0.3% -0.24% -0.24%
MRNA F -0.47% -0.22% -0.47%
MU D 2.13% -0.43% -0.43%
MUSA B 0.2% 0.43% 0.2%
NEM D 0.22% 0.35% 0.22%
NRG B 0.71% -0.49% -0.49%
NTRA A 0.17% -0.56% -0.56%
NTRS A 1.08% -0.54% -0.54%
NVDA B 4.61% -0.48% -0.48%
ON D -0.39% 0.38% -0.39%
PENN C -0.05% -0.46% -0.46%
PGR A 0.46% 0.45% 0.45%
PINS F -0.41% -0.4% -0.41%
PLTR B 1.02% -0.87% -0.87%
PNW A 0.48% 0.45% 0.45%
PTON A 0.31% -0.69% -0.69%
PYPL B 1.33% -0.52% -0.52%
RBLX C -0.41% -0.51% -0.51%
RF A 0.72% -0.5% -0.5%
RGA A 0.55% 0.48% 0.48%
RH C -0.47% -0.53% -0.53%
RIVN F -0.42% -0.3% -0.42%
RMD C 0.4% -0.45% -0.45%
RNR C -0.15% 0.46% -0.15%
ROP B -0.7% 0.45% -0.7%
RYN D -0.07% -0.44% -0.44%
SAIA B -0.22% -0.59% -0.59%
SMCI F -0.47% -0.18% -0.47%
SOFI B -0.28% -0.79% -0.79%
T A 0.29% 0.5% 0.29%
TMUS B 0.7% 0.49% 0.49%
TOL B 0.22% -0.47% -0.47%
TREX C -0.17% -0.45% -0.45%
TSLA B 1.22% -0.7% -0.7%
UTHR C 0.73% 0.45% 0.45%
VRT B 0.68% -0.67% -0.67%
VST A 0.55% -0.76% -0.76%
WAL B -0.19% -0.49% -0.49%
WTM A -0.21% 0.39% -0.21%
XPO B -0.16% -0.54% -0.54%
ZI D -0.36% 0.43% -0.36%
ZION B 0.71% -0.53% -0.53%
CLSE Overweight 225 Positions Relative to BTAL
Symbol Grade Weight
GOOGL C 3.47%
META D 3.3%
AMZN C 2.53%
APP B 2.25%
HPE B 1.92%
WMT A 1.82%
QCOM F 1.73%
IDCC B 1.51%
GDDY A 1.42%
CVLT B 1.4%
DOCU B 1.37%
ORCL A 1.33%
ACIW B 1.3%
NTNX B 1.16%
HD B 1.13%
SYF B 1.11%
SNEX B 1.06%
NTAP C 1.0%
SEIC B 0.95%
HALO F 0.9%
AMRX C 0.9%
BFH C 0.88%
GM C 0.87%
CAH B 0.86%
PPC C 0.85%
GVA A 0.84%
MLI B 0.84%
CARG B 0.83%
AAPL C 0.83%
BAC A 0.81%
PRIM A 0.8%
MO A 0.79%
NFLX A 0.79%
THC D 0.78%
FITB B 0.78%
DVA C 0.78%
IESC C 0.77%
CPNG D 0.77%
EME A 0.75%
WFC A 0.75%
CNX A 0.74%
FTI A 0.74%
PNC B 0.72%
STRL A 0.71%
UHS D 0.7%
CEIX A 0.7%
GEN B 0.68%
APH A 0.67%
UMBF B 0.66%
MTZ B 0.66%
MWA B 0.65%
JPM A 0.64%
TSN B 0.6%
FTDR B 0.58%
AMG B 0.58%
LDOS C 0.55%
MET A 0.52%
SLVM B 0.5%
GOOG C 0.49%
UI B 0.49%
AVA A 0.47%
UNP C 0.47%
PG C 0.45%
BKNG A 0.44%
CTRE C 0.42%
SCCO F 0.41%
JXN C 0.39%
SR A 0.38%
R B 0.38%
SPG A 0.37%
CNA C 0.37%
GRMN B 0.37%
OUT A 0.36%
RGLD C 0.32%
CVS D 0.29%
VLO C 0.29%
MDT D 0.29%
IIPR D 0.28%
APA D 0.25%
NVR D 0.24%
VRTX D 0.23%
MATX C 0.22%
EEFT B 0.22%
FLR B 0.21%
ABM B 0.19%
BAH F 0.18%
BOX B 0.17%
EXPD C 0.14%
FN C 0.13%
PRU A 0.13%
VCTR B 0.12%
VCYT B 0.12%
CDE C 0.11%
AEIS C 0.07%
INCY C 0.07%
QQQ B 0.0%
LNTH D 0.0%
KNX C -0.06%
HGV C -0.06%
HUN F -0.07%
EXAS D -0.07%
COOP B -0.07%
CCS D -0.07%
BC C -0.08%
JOE F -0.08%
FLYW B -0.08%
GNTX C -0.09%
JBLU F -0.09%
NSC B -0.1%
MCW C -0.1%
ABG C -0.1%
ATO A -0.1%
ACVA B -0.11%
CGON F -0.11%
RBA A -0.12%
FL F -0.12%
PCH F -0.12%
DLR B -0.13%
EXR C -0.13%
STLD B -0.13%
AVAV C -0.13%
ALIT C -0.13%
VMC B -0.13%
MLM C -0.13%
BPOP C -0.14%
PYCR B -0.14%
REXR F -0.14%
EQIX A -0.14%
COLD D -0.15%
APD A -0.15%
DRVN B -0.15%
NARI C -0.16%
FIVN C -0.16%
BHF C -0.16%
OSK C -0.16%
LGIH F -0.16%
UHAL D -0.16%
AGO B -0.16%
SITE F -0.16%
SW A -0.17%
TEX F -0.17%
MDGL B -0.17%
LKQ F -0.17%
MASI B -0.17%
AJG A -0.17%
KRG B -0.17%
ENOV C -0.18%
CHDN B -0.18%
UEC B -0.18%
EBC B -0.18%
AGCO D -0.18%
AL B -0.18%
CNH C -0.18%
BRKR D -0.18%
C A -0.19%
AIR B -0.19%
KNSL B -0.2%
SRE A -0.2%
GATX A -0.2%
BIRK D -0.2%
BE B -0.21%
AESI B -0.21%
NOG B -0.21%
PRCT B -0.22%
BANC B -0.22%
MTN C -0.22%
SUM B -0.22%
PSA C -0.23%
XYL D -0.23%
WTRG B -0.24%
IONS F -0.24%
GPOR B -0.24%
HSY F -0.24%
LW C -0.25%
KEY B -0.25%
NEOG F -0.26%
AUR C -0.26%
VAL F -0.27%
STNE F -0.27%
TEAM A -0.27%
MSCI C -0.27%
PTEN C -0.27%
MNST C -0.28%
ESTC C -0.29%
XP F -0.29%
MKTX D -0.29%
CYTK F -0.3%
NDAQ A -0.3%
APLS F -0.3%
APTV F -0.32%
GTLB B -0.32%
VVV D -0.33%
CCOI B -0.33%
ZBRA B -0.34%
ABNB C -0.34%
INSP D -0.34%
FCNCA A -0.35%
APO B -0.35%
CACC D -0.36%
BBIO F -0.36%
BEN C -0.36%
DG F -0.4%
SATS D -0.4%
BA F -0.4%
DLTR F -0.41%
U C -0.41%
TTWO A -0.43%
WBD B -0.43%
SNPS B -0.44%
ALGM D -0.45%
DV C -0.45%
CGNX D -0.45%
GE D -0.46%
CDNS B -0.46%
CHTR C -0.48%
FIVE F -0.56%
NWS A -0.57%
WST C -0.59%
POOL C -0.61%
MCHP F -0.63%
DXCM C -0.63%
WDC D -0.65%
LSCC D -0.7%
TXN C -0.81%
FSLR F -1.26%
CLSE Underweight 280 Positions Relative to BTAL
Symbol Grade Weight
MSTR B -1.19%
IBKR A -0.62%
SFM A -0.6%
PAYC B -0.59%
UNM A -0.57%
KMI A -0.56%
SNA A -0.55%
NWL C -0.54%
BKR A -0.53%
PCTY C -0.53%
WH B -0.53%
BWXT B -0.53%
TGNA B -0.53%
TRV B -0.52%
FTNT C -0.52%
TXRH B -0.51%
MSI B -0.51%
RLI A -0.51%
PCAR B -0.51%
MCK A -0.51%
THG A -0.51%
WELL A -0.5%
CHH A -0.5%
XEL A -0.5%
PNM B -0.5%
ORLY B -0.5%
AEE A -0.49%
G B -0.49%
PKG A -0.49%
VFC C -0.48%
SIGI C -0.48%
VTRS A -0.48%
LULU C -0.48%
AIZ A -0.48%
AXS A -0.48%
TDY B -0.48%
BRO B -0.47%
SBRA C -0.47%
DBX B -0.47%
CHD A -0.47%
PAYX B -0.47%
CME B -0.47%
AON A -0.47%
HON C -0.47%
HEI A -0.47%
CW C -0.47%
RYAN A -0.47%
EDR A -0.46%
DRI B -0.46%
WEN D -0.46%
SLGN A -0.46%
LNT A -0.46%
WEC A -0.46%
ADP A -0.46%
ORI A -0.46%
WRB A -0.45%
CB C -0.45%
CSX C -0.45%
CMG B -0.45%
REG A -0.45%
AVB B -0.45%
ARMK B -0.45%
WM B -0.45%
IBM C -0.45%
HIG B -0.45%
ADC A -0.45%
DGX A -0.45%
WTW B -0.45%
HPQ B -0.45%
L A -0.45%
XOM B -0.44%
ACN B -0.44%
DECK A -0.44%
CMS C -0.44%
BWA D -0.44%
VZ C -0.44%
NEU D -0.44%
CBOE C -0.43%
DOX D -0.43%
VRSN C -0.43%
UNH B -0.43%
DLB B -0.43%
CLH C -0.43%
CTSH B -0.43%
YUM D -0.43%
MSFT D -0.43%
DD C -0.43%
RTX D -0.43%
X B -0.43%
RSG A -0.43%
OHI C -0.43%
ELS C -0.43%
TJX A -0.43%
CCK D -0.43%
DUK C -0.43%
MSM C -0.43%
COLM C -0.43%
FLO D -0.42%
VICI C -0.42%
MMC B -0.42%
CXT C -0.42%
ED C -0.42%
GLPI C -0.42%
MCD D -0.42%
EG C -0.42%
HRB D -0.41%
WPC C -0.41%
SNX D -0.41%
MKC C -0.41%
OLLI D -0.41%
GD D -0.41%
PAG B -0.41%
BG D -0.4%
SAIC F -0.4%
CI D -0.4%
CHE D -0.4%
MSA F -0.4%
NOC D -0.4%
TXT D -0.4%
ASGN F -0.39%
AMCR C -0.39%
O C -0.39%
JNPR D -0.39%
FANG C -0.39%
KHC F -0.38%
CPB D -0.38%
ACGL C -0.38%
GIS D -0.38%
ERIE D -0.38%
OXY D -0.38%
MOS F -0.38%
LMT D -0.38%
FCN F -0.38%
FMC D -0.37%
MAN F -0.37%
KBR F -0.37%
ARW D -0.37%
KO D -0.37%
GPC D -0.37%
TNET F -0.37%
PFE F -0.37%
DVN F -0.37%
AMGN F -0.37%
MUR D -0.37%
ST F -0.36%
MOH F -0.36%
AKAM D -0.36%
MTCH D -0.35%
FOXF F -0.35%
HUM C -0.34%
AZO C -0.33%
ELV F -0.33%
MDU D -0.32%
SRPT F -0.32%
BMRN F -0.29%
AGL F -0.16%
SEDG F --0.19%
RUN F --0.21%
CNXC F --0.23%
CE F --0.24%
WOLF F --0.25%
TXG F --0.26%
NTLA F --0.27%
RKT F --0.29%
OPEN F --0.3%
TER F --0.33%
AMKR D --0.34%
EFX F --0.35%
SHLS F --0.35%
TFX F --0.36%
DKS D --0.37%
WMS F --0.37%
RGEN D --0.37%
ALLY C --0.37%
NVCR C --0.38%
RIG D --0.38%
CNM D --0.38%
DINO D --0.39%
PLD F --0.39%
IDXX F --0.39%
KSS F --0.39%
ELAN D --0.39%
WBA F --0.4%
ARE F --0.4%
MKSI C --0.4%
AMD F --0.4%
BLD D --0.4%
KMX B --0.4%
FBIN D --0.41%
ROIV C --0.41%
AGNC C --0.41%
W D --0.41%
POWI F --0.41%
DNLI D --0.42%
CHX C --0.42%
FCX F --0.42%
UBER F --0.42%
CWEN C --0.42%
CSGP D --0.42%
CC C --0.43%
CRSP D --0.43%
MGM D --0.43%
ALGN D --0.43%
PATH C --0.43%
SSD F --0.43%
SEE C --0.44%
THO B --0.44%
BLDR D --0.44%
F C --0.44%
TRU D --0.44%
UGI C --0.44%
APG B --0.44%
BBWI C --0.44%
TGT F --0.44%
NWE B --0.45%
D C --0.45%
CARR C --0.45%
MTDR B --0.45%
OC A --0.46%
SMG C --0.46%
VEEV C --0.46%
BXP C --0.46%
ZS B --0.46%
KRC B --0.46%
ROKU D --0.47%
HHH B --0.47%
SHW B --0.47%
TROW B --0.48%
LNC C --0.48%
AXTA B --0.49%
OZK B --0.49%
USFD A --0.49%
PFGC B --0.49%
ITT A --0.49%
GH B --0.49%
SNAP D --0.49%
USB A --0.49%
CFG B --0.49%
NVT B --0.49%
TTD B --0.5%
NET B --0.5%
CAR C --0.51%
RMBS B --0.51%
PWR A --0.51%
GNRC C --0.51%
TT A --0.51%
CBRE B --0.51%
RRC B --0.51%
CEG C --0.52%
PEN B --0.52%
ETN A --0.52%
IOT A --0.52%
URI C --0.52%
VNO C --0.52%
AR B --0.53%
FYBR C --0.53%
DKNG B --0.53%
SNV C --0.54%
CG B --0.55%
KKR A --0.55%
PNFP B --0.55%
WCC B --0.55%
SCHW B --0.56%
Z A --0.56%
GME C --0.56%
MRVL B --0.56%
TDOC C --0.56%
BX A --0.57%
CRWD B --0.57%
OWL A --0.58%
TPG A --0.58%
PODD C --0.59%
DASH B --0.59%
SQ A --0.6%
LYFT C --0.65%
DAL B --0.68%
TOST B --0.71%
COIN C --0.71%
HOOD B --0.72%
AXON A --0.74%
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