CLSE vs. FCPI ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Fidelity Stocks for Inflation ETF (FCPI)

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

66,024

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$46.12

Average Daily Volume

22,278

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	FCPI
30 Days	4.69%	5.93%
60 Days	6.81%	6.96%
90 Days	9.38%	8.65%
12 Months	39.93%	39.44%

47 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in FCPI	Overlap
AAPL	C	0.83%	4.98%	0.83%
ABBV	D	0.72%	1.47%	0.72%
ABNB	C	-0.34%	0.32%	-0.34%
ACIW	B	1.3%	0.25%	0.25%
AMZN	C	2.53%	2.0%	2.0%
ANET	C	1.83%	0.37%	0.37%
APH	A	0.67%	0.35%	0.35%
APP	B	2.25%	0.82%	0.82%
AVGO	D	2.28%	1.37%	1.37%
BKNG	A	0.44%	0.52%	0.44%
C	A	-0.19%	0.7%	-0.19%
CF	B	0.37%	2.51%	0.37%
CVLT	B	1.4%	0.23%	0.23%
DELL	C	-0.25%	0.3%	-0.25%
DOCU	A	1.37%	0.32%	0.32%
EME	C	0.75%	0.59%	0.59%
GDDY	A	1.42%	0.29%	0.29%
GEN	B	0.68%	0.26%	0.26%
GOOGL	C	3.47%	1.49%	1.49%
JXN	C	0.39%	0.66%	0.39%
LDOS	C	0.55%	0.59%	0.55%
LRCX	F	0.0%	0.32%	0.0%
META	D	3.3%	0.99%	0.99%
MLI	C	0.84%	0.57%	0.57%
MO	A	0.79%	1.7%	0.79%
MU	D	2.13%	0.37%	0.37%
NFLX	A	0.79%	0.3%	0.3%
NRG	B	0.71%	2.45%	0.71%
NTAP	C	1.0%	0.23%	0.23%
NVDA	C	4.61%	5.66%	4.61%
PG	A	0.45%	2.1%	0.45%
PGR	A	0.46%	0.79%	0.46%
PINS	D	-0.41%	0.04%	-0.41%
QCOM	F	1.73%	0.46%	0.46%
RGA	A	0.55%	0.54%	0.54%
RNR	C	-0.15%	0.59%	-0.15%
SPG	B	0.37%	1.98%	0.37%
STLD	B	-0.13%	2.59%	-0.13%
SYF	B	1.11%	0.71%	0.71%
T	A	0.29%	0.15%	0.15%
THC	D	0.78%	1.18%	0.78%
TMUS	B	0.7%	0.13%	0.13%
TOL	B	0.22%	0.31%	0.22%
UHS	D	0.7%	1.01%	0.7%
UTHR	C	0.73%	1.3%	0.73%
VLO	C	0.29%	1.74%	0.29%
VST	B	0.55%	3.66%	0.55%

CLSE Overweight 290 Positions Relative to FCPI

Symbol	Grade	Weight
HPE	B	1.92%
CVNA	B	1.85%
WMT	A	1.82%
IDCC	A	1.51%
PYPL	B	1.33%
ORCL	B	1.33%
TSLA	B	1.22%
JHG	A	1.21%
NTNX	A	1.16%
HD	A	1.13%
BMY	B	1.11%
NTRS	A	1.08%
GILD	C	1.07%
SNEX	B	1.06%
PLTR	B	1.02%
LNG	B	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
GM	B	0.87%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
CARG	C	0.83%
JNJ	D	0.83%
BAC	A	0.81%
PRIM	A	0.8%
FITB	A	0.78%
DVA	B	0.78%
IESC	B	0.77%
CPNG	D	0.77%
WFC	A	0.75%
CNX	A	0.74%
FTI	A	0.74%
PNC	B	0.72%
RF	A	0.72%
STRL	B	0.71%
ZION	B	0.71%
CMA	A	0.71%
CEIX	A	0.7%
VRT	B	0.68%
UMBF	B	0.66%
ALSN	B	0.66%
MTZ	B	0.66%
AVT	C	0.66%
MWA	B	0.65%
BLK	C	0.65%
JPM	A	0.64%
CHRW	C	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	A	0.58%
AMG	B	0.58%
GLW	B	0.52%
MET	A	0.52%
SLVM	B	0.5%
GOOG	C	0.49%
UI	A	0.49%
EXP	A	0.48%
CACI	D	0.48%
PNW	B	0.48%
AVA	A	0.47%
UNP	C	0.47%
DUOL	A	0.45%
ALL	A	0.45%
LPX	B	0.43%
CTRE	D	0.42%
SCCO	F	0.41%
RMD	C	0.4%
SR	A	0.38%
R	B	0.38%
CNA	B	0.37%
GRMN	B	0.37%
OUT	A	0.36%
EQR	B	0.35%
CCL	B	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	B	0.31%
LAMR	D	0.31%
J	F	0.31%
MPWR	F	0.3%
CVS	D	0.29%
MDT	D	0.29%
IIPR	D	0.28%
APA	D	0.25%
NVR	D	0.24%
VRTX	F	0.23%
MATX	C	0.22%
NEM	D	0.22%
EEFT	B	0.22%
FLR	B	0.21%
JLL	D	0.2%
MUSA	A	0.2%
ABM	B	0.19%
BAH	F	0.18%
KR	B	0.17%
NTRA	B	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
FOXA	B	0.14%
EXPD	D	0.14%
FN	D	0.13%
PRU	A	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CINF	A	0.12%
CDE	D	0.11%
ILMN	D	0.1%
AEIS	B	0.07%
INCY	C	0.07%
HQY	B	0.07%
QQQ	B	0.0%
LNTH	D	0.0%
PENN	C	-0.05%
KNX	B	-0.06%
HGV	B	-0.06%
HUN	F	-0.07%
EXAS	D	-0.07%
RYN	D	-0.07%
COOP	B	-0.07%
CCS	D	-0.07%
BC	C	-0.08%
JOE	F	-0.08%
AES	F	-0.08%
FLYW	C	-0.08%
GNTX	C	-0.09%
JBLU	F	-0.09%
NSC	B	-0.1%
MCW	B	-0.1%
ABG	B	-0.1%
ATO	A	-0.1%
ACVA	B	-0.11%
ENPH	F	-0.11%
CGON	F	-0.11%
EL	F	-0.12%
RBA	A	-0.12%
FL	F	-0.12%
PCH	D	-0.12%
DLR	B	-0.13%
EXR	D	-0.13%
AVAV	D	-0.13%
ALIT	C	-0.13%
VMC	B	-0.13%
MLM	B	-0.13%
BPOP	B	-0.14%
PYCR	C	-0.14%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	F	-0.14%
MKL	A	-0.14%
AA	B	-0.14%
EQIX	A	-0.14%
CZR	F	-0.15%
COLD	D	-0.15%
APD	A	-0.15%
GTLS	B	-0.15%
CRL	C	-0.15%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
BHF	B	-0.16%
XPO	B	-0.16%
OSK	B	-0.16%
LGIH	D	-0.16%
DAR	C	-0.16%
ALB	C	-0.16%
UHAL	D	-0.16%
AGO	B	-0.16%
EW	C	-0.16%
SITE	D	-0.16%
SW	A	-0.17%
TEX	D	-0.17%
TREX	C	-0.17%
MDGL	B	-0.17%
LKQ	D	-0.17%
MASI	A	-0.17%
AJG	B	-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%
COTY	F	-0.18%
AL	B	-0.18%
CNH	C	-0.18%
BRKR	D	-0.18%
WAL	B	-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	A	-0.21%
WTM	A	-0.21%
PRCT	B	-0.22%
BANC	A	-0.22%
MTN	C	-0.22%
SAIA	B	-0.22%
SUM	B	-0.22%
EQT	B	-0.23%
PSA	D	-0.23%
XYL	D	-0.23%
WTRG	B	-0.24%
ELF	C	-0.24%
IONS	F	-0.24%
GPOR	B	-0.24%
CELH	F	-0.24%
HSY	F	-0.24%
LW	C	-0.25%
KEY	B	-0.25%
BILL	A	-0.26%
NEOG	F	-0.26%
AUR	C	-0.26%
AWK	D	-0.26%
VAL	D	-0.27%
FOUR	B	-0.27%
STNE	F	-0.27%
TEAM	A	-0.27%
MSCI	C	-0.27%
PTEN	C	-0.27%
MNST	C	-0.28%
SOFI	A	-0.28%
ESTC	C	-0.29%
MDB	C	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
CYTK	F	-0.3%
LYV	A	-0.3%
NDAQ	A	-0.3%
APLS	D	-0.3%
APTV	D	-0.32%
GTLB	B	-0.32%
VVV	F	-0.33%
CCOI	B	-0.33%
LPLA	A	-0.34%
ZBRA	B	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	B	-0.35%
CACC	D	-0.36%
COHR	B	-0.36%
BBIO	F	-0.36%
ZI	D	-0.36%
BEN	C	-0.36%
ON	D	-0.39%
DG	F	-0.4%
SATS	D	-0.4%
BA	F	-0.4%
RBLX	C	-0.41%
DLTR	F	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	C	-0.43%
SNPS	B	-0.44%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	C	-0.45%
GE	D	-0.46%
CDNS	B	-0.46%
MRNA	F	-0.47%
SMCI	F	-0.47%
RH	B	-0.47%
CFLT	B	-0.47%
CHTR	C	-0.48%
CSCO	B	-0.52%
FND	C	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	B	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
MCHP	D	-0.63%
DXCM	D	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
ROP	B	-0.7%
TXN	C	-0.81%
INTC	D	-0.93%
FSLR	F	-1.26%

CLSE Underweight 54 Positions Relative to FCPI

Symbol	Grade	Weight
MSFT	F	-4.85%
TPL	A	-3.3%
NUE	C	-2.27%
LLY	F	-2.18%
AM	A	-2.1%
BRBR	A	-1.99%
MPC	D	-1.8%
HST	C	-1.76%
VICI	C	-1.67%
KMB	D	-1.42%
CL	D	-1.41%
COKE	C	-1.41%
CI	F	-1.23%
MCK	B	-1.16%
V	A	-1.14%
HCA	F	-1.12%
MEDP	D	-0.98%
ELV	F	-0.97%
RPRX	D	-0.96%
REGN	F	-0.93%
COF	B	-0.74%
AMP	A	-0.74%
DFS	B	-0.71%
CAT	B	-0.65%
FIX	A	-0.59%
HIG	B	-0.58%
CRBG	B	-0.57%
MTG	C	-0.52%
IBM	C	-0.5%
CSL	C	-0.48%
BCC	B	-0.44%
OC	A	-0.44%
PANW	C	-0.43%
CRWD	B	-0.41%
AMAT	F	-0.41%
FICO	B	-0.37%
EBAY	D	-0.32%
ZM	B	-0.31%
KLAC	D	-0.3%
ATKR	C	-0.3%
HRB	D	-0.29%
PHM	D	-0.29%
ANF	C	-0.27%
GAP	C	-0.26%
NXPI	D	-0.26%
WSM	B	-0.25%
DBX	B	-0.24%
QLYS	C	-0.22%
ONTO	D	-0.21%
SWKS	F	-0.18%
DIS	B	-0.17%
CRUS	D	-0.17%
VZ	C	-0.16%
CMCSA	B	-0.16%