CLSE vs. FREL ETF Comparison
Comparison of Convergence Long/Short Equity ETF (CLSE) to Fidelity MSCI Real Estate Index ETF (FREL)
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
FREL
Fidelity MSCI Real Estate Index ETF
FREL Description
The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.Grade (RS Rating)
Last Trade
$25.00
Average Daily Volume
169,732
Number of Holdings
*
140
* may have additional holdings in another (foreign) market
Performance
| Period | CLSE | FREL |
|---|---|---|
| 30 Days | 1.86% | 0.56% |
| 60 Days | 4.98% | -4.19% |
| 90 Days | 12.03% | -0.92% |
| 12 Months | 40.96% | 5.43% |
14 Overlapping Holdings
| Symbol | Grade | Weight in CLSE | Weight in FREL | Overlap | |
|---|---|---|---|---|---|
| ADC | B | -0.12% | 0.46% | -0.12% | |
| COLD | F | -0.1% | 0.51% | -0.1% | |
| DOC | A | -0.09% | 1.05% | -0.09% | |
| EXR | D | -0.11% | 2.31% | -0.11% | |
| GLPI | D | 0.37% | 0.91% | 0.37% | |
| IRT | B | -0.19% | 0.29% | -0.19% | |
| NSA | D | 0.38% | 0.22% | 0.22% | |
| O | B | -0.15% | 3.53% | -0.15% | |
| PCH | D | -0.1% | 0.26% | -0.1% | |
| SKT | D | 0.14% | 0.24% | 0.14% | |
| SPG | C | 0.38% | 3.74% | 0.38% | |
| STAG | D | 0.34% | 0.5% | 0.34% | |
| SUI | D | -0.09% | 1.12% | -0.09% | |
| VTR | B | -0.1% | 1.48% | -0.1% |
CLSE Overweight 334 Positions Relative to FREL
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | 3.67% | |
| MSFT | C | 3.35% | |
| AMZN | A | 3.29% | |
| GOOGL | B | 2.6% | |
| QCOM | B | 2.44% | |
| GOOG | B | 2.4% | |
| META | D | 2.21% | |
| AMAT | C | 2.16% | |
| MU | B | 2.13% | |
| APP | B | 2.1% | |
| NTAP | B | 1.8% | |
| ANET | C | 1.72% | |
| SNX | A | 1.71% | |
| NTNX | A | 1.67% | |
| CRWD | C | 1.36% | |
| WMT | C | 1.35% | |
| IBM | D | 1.29% | |
| PYPL | C | 1.23% | |
| DOCU | B | 1.1% | |
| HD | D | 1.08% | |
| NFLX | C | 1.07% | |
| APPF | B | 1.04% | |
| MUSA | D | 0.96% | |
| AAPL | B | 0.95% | |
| STNE | C | 0.95% | |
| PAGS | D | 0.95% | |
| SPOT | B | 0.95% | |
| AMG | D | 0.91% | |
| T | B | 0.91% | |
| SYF | B | 0.91% | |
| COIN | D | 0.89% | |
| PFE | D | 0.89% | |
| JPM | B | 0.88% | |
| SEIC | C | 0.88% | |
| AMGN | B | 0.87% | |
| OGN | B | 0.86% | |
| VTRS | C | 0.86% | |
| TW | A | 0.86% | |
| MTG | B | 0.86% | |
| ABBV | D | 0.85% | |
| JNJ | F | 0.85% | |
| LLY | C | 0.84% | |
| HALO | C | 0.83% | |
| MPC | D | 0.83% | |
| UBER | D | 0.82% | |
| MRK | B | 0.81% | |
| PBF | D | 0.8% | |
| IIPR | B | 0.78% | |
| BRBR | C | 0.78% | |
| IESC | A | 0.77% | |
| BAC | B | 0.76% | |
| PSX | D | 0.74% | |
| XOM | B | 0.74% | |
| PPC | A | 0.74% | |
| MO | A | 0.74% | |
| FITB | A | 0.73% | |
| EME | A | 0.73% | |
| PG | A | 0.73% | |
| VLO | D | 0.73% | |
| SMCI | D | 0.72% | |
| WFC | A | 0.71% | |
| TSN | B | 0.71% | |
| BG | B | 0.71% | |
| VRT | A | 0.7% | |
| MCK | B | 0.69% | |
| GFF | C | 0.68% | |
| EBAY | D | 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% | |
| CI | D | 0.6% | |
| OC | B | 0.59% | |
| GM | B | 0.59% | |
| 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% | |
| CAT | D | 0.52% | |
| PLTR | D | 0.51% | |
| NEE | B | 0.51% | |
| AMR | D | 0.51% | |
| DPZ | B | 0.5% | |
| CNM | A | 0.5% | |
| CAH | F | 0.49% | |
| REZI | D | 0.48% | |
| HIG | C | 0.47% | |
| CNA | B | 0.47% | |
| UHS | D | 0.47% | |
| EVRG | B | 0.46% | |
| EXP | A | 0.46% | |
| EXC | B | 0.45% | |
| LDOS | A | 0.44% | |
| HRB | B | 0.44% | |
| RGA | A | 0.43% | |
| SAIC | C | 0.41% | |
| SLVM | A | 0.41% | |
| BKNG | B | 0.41% | |
| APA | F | 0.39% | |
| STLD | D | 0.38% | |
| BCO | B | 0.38% | |
| J | D | 0.36% | |
| GRMN | A | 0.36% | |
| IBP | D | 0.33% | |
| PEG | A | 0.33% | |
| SR | B | 0.33% | |
| CVI | F | 0.33% | |
| KR | B | 0.32% | |
| RS | D | 0.32% | |
| BLD | D | 0.32% | |
| FIX | A | 0.32% | |
| PSTG | C | 0.31% | |
| BAH | B | 0.31% | |
| CVNA | B | 0.31% | |
| WDC | B | 0.31% | |
| FDX | D | 0.3% | |
| RPRX | F | 0.29% | |
| OMI | F | 0.29% | |
| AMRX | B | 0.28% | |
| SPGI | C | 0.28% | |
| AMP | C | 0.26% | |
| UNP | C | 0.24% | |
| NEU | D | 0.24% | |
| 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% | |
| PHM | B | 0.11% | |
| 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% | |
| JBHT | F | -0.08% | |
| PNM | C | -0.08% | |
| FCNCA | B | -0.08% | |
| ENPH | F | -0.08% | |
| HAS | B | -0.09% | |
| PLNT | 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% | |
| AEE | C | -0.11% | |
| CHK | B | -0.11% | |
| AES | 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% | |
| BOOT | B | -0.12% | |
| GOGL | A | -0.12% | |
| TFC | B | -0.13% | |
| AJG | C | -0.14% | |
| VFC | F | -0.14% | |
| IPAR | F | -0.14% | |
| AXON | B | -0.15% | |
| ZWS | C | -0.15% | |
| KMPR | B | -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% | |
| COF | B | -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% | |
| ALLY | B | -0.18% | |
| NARI | F | -0.18% | |
| GPI | B | -0.18% | |
| PR | B | -0.19% | |
| GATX | C | -0.19% | |
| SRE | B | -0.19% | |
| DG | D | -0.19% | |
| BE | C | -0.19% | |
| WAL | B | -0.19% | |
| APD | C | -0.2% | |
| FMC | B | -0.2% | |
| HASI | A | -0.2% | |
| BANC | C | -0.2% | |
| PPBI | C | -0.2% | |
| SBCF | C | -0.2% | |
| MP | D | -0.21% | |
| LNC | C | -0.21% | |
| 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% | |
| ATO | A | -0.23% | |
| RIVN | F | -0.23% | |
| NDAQ | D | -0.23% | |
| IRTC | F | -0.23% | |
| ASB | A | -0.24% | |
| EL | F | -0.24% | |
| SPT | F | -0.24% | |
| FSLR | B | -0.24% | |
| DLTR | F | -0.25% | |
| CG | D | -0.25% | |
| GO | F | -0.25% | |
| EVH | F | -0.25% | |
| ORCL | D | -0.26% | |
| RNR | C | -0.26% | |
| FNB | A | -0.26% | |
| MASI | D | -0.26% | |
| NOG | B | -0.26% | |
| LW | F | -0.26% | |
| KDP | B | -0.26% | |
| CNX | B | -0.27% | |
| TMDX | B | -0.27% | |
| BIO | F | -0.27% | |
| NNI | B | -0.27% | |
| CABO | F | -0.27% | |
| FIS | C | -0.27% | |
| AGNC | C | -0.28% | |
| GTLS | B | -0.28% | |
| NOVT | D | -0.28% | |
| UI | D | -0.29% | |
| GS | A | -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% | |
| MS | A | -0.31% | |
| FIVE | F | -0.32% | |
| ALB | C | -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% | |
| CARR | A | -0.36% | |
| GE | A | -0.37% | |
| KMX | D | -0.37% | |
| CFLT | C | -0.37% | |
| D | B | -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% | |
| BA | F | -0.47% | |
| TXN | A | -0.47% | |
| 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% | |
| INTC | F | -0.73% |
CLSE Underweight 126 Positions Relative to FREL
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLD | D | -7.57% | |
| AMT | D | -6.54% | |
| EQIX | F | -5.03% | |
| WELL | A | -4.22% | |
| DLR | D | -3.29% | |
| PSA | D | -3.29% | |
| CCI | D | -3.27% | |
| CSGP | C | -2.86% | |
| VICI | B | -2.35% | |
| AVB | A | -2.14% | |
| CBRE | D | -2.04% | |
| EQR | A | -1.85% | |
| IRM | C | -1.76% | |
| WY | F | -1.74% | |
| SBAC | D | -1.65% | |
| INVH | B | -1.64% | |
| ARE | D | -1.51% | |
| ESS | A | -1.26% | |
| MAA | B | -1.2% | |
| HST | D | -1.0% | |
| KIM | C | -0.99% | |
| WPC | C | -0.96% | |
| UDR | B | -0.93% | |
| AMH | B | -0.91% | |
| ELS | D | -0.86% | |
| CPT | B | -0.86% | |
| REG | F | -0.79% | |
| LAMR | B | -0.79% | |
| REXR | D | -0.74% | |
| CUBE | D | -0.72% | |
| JLL | C | -0.7% | |
| BXP | F | -0.69% | |
| NNN | B | -0.59% | |
| FRT | B | -0.58% | |
| EGP | D | -0.58% | |
| OHI | B | -0.58% | |
| BRX | C | -0.51% | |
| Z | F | -0.5% | |
| FR | D | -0.49% | |
| RHP | D | -0.46% | |
| AIRC | A | -0.44% | |
| TRNO | F | -0.37% | |
| KRG | B | -0.36% | |
| EPRT | A | -0.33% | |
| RYN | F | -0.32% | |
| PECO | D | -0.31% | |
| VNO | F | -0.3% | |
| KRC | F | -0.29% | |
| CUZ | B | -0.28% | |
| SBRA | A | -0.27% | |
| MAC | D | -0.27% | |
| PK | D | -0.26% | |
| EPR | C | -0.25% | |
| APLE | F | -0.25% | |
| SLG | B | -0.25% | |
| CTRE | B | -0.24% | |
| NHI | A | -0.23% | |
| HIW | B | -0.22% | |
| BNL | C | -0.22% | |
| MPW | D | -0.21% | |
| SITC | D | -0.21% | |
| LXP | D | -0.2% | |
| DBRG | F | -0.19% | |
| FCPT | B | -0.18% | |
| DEI | B | -0.18% | |
| SHO | D | -0.16% | |
| EQC | B | -0.16% | |
| UE | B | -0.16% | |
| JOE | B | -0.16% | |
| OUT | D | -0.16% | |
| AKR | B | -0.14% | |
| DRH | F | -0.14% | |
| IVT | B | -0.13% | |
| CWK | C | -0.13% | |
| PEB | F | -0.13% | |
| NMRK | D | -0.12% | |
| XHR | D | -0.12% | |
| ROIC | D | -0.12% | |
| RLJ | F | -0.12% | |
| LTC | A | -0.11% | |
| GTY | B | -0.11% | |
| GNL | D | -0.11% | |
| COMP | D | -0.1% | |
| NTST | C | -0.1% | |
| ESRT | D | -0.1% | |
| JBGS | F | -0.1% | |
| DEA | B | -0.09% | |
| OPEN | F | -0.09% | |
| ALEX | C | -0.09% | |
| UMH | C | -0.08% | |
| KW | C | -0.08% | |
| CSR | B | -0.08% | |
| AIV | B | -0.08% | |
| AAT | B | -0.08% | |
| NXRT | B | -0.07% | |
| MMI | D | -0.07% | |
| PLYM | F | -0.07% | |
| SVC | F | -0.07% | |
| EXPI | C | -0.07% | |
| UNIT | F | -0.07% | |
| FOR | D | -0.06% | |
| AHH | B | -0.06% | |
| RDFN | D | -0.06% | |
| PGRE | B | -0.06% | |
| BDN | B | -0.06% | |
| PDM | B | -0.06% | |
| GMRE | D | -0.05% | |
| GOOD | A | -0.05% | |
| WSR | C | -0.05% | |
| HPP | F | -0.05% | |
| INN | F | -0.05% | |
| CHCT | F | -0.05% | |
| CLDT | F | -0.04% | |
| BFS | F | -0.04% | |
| FRPH | B | -0.04% | |
| PKST | F | -0.04% | |
| FPI | C | -0.04% | |
| UHT | C | -0.04% | |
| ALX | B | -0.04% | |
| TRC | D | -0.03% | |
| SRG | D | -0.03% | |
| DHC | F | -0.03% | |
| RMR | D | -0.03% | |
| OLP | A | -0.03% | |
| LAND | D | -0.03% | |
| CBL | D | -0.02% |
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Banks - Regional - US
Building Materials
Biotechnology
Software - Infrastructure
Oil & Gas E&P
Semiconductors
Specialty Retail
Asset Management
Business Services
Capital Markets
Diagnostics & Research
Drug Manufacturers - Major
Internet Content & Information
Engineering & Construction
Oil & Gas Refining & Marketing
REIT - Industrial
Scientific & Technical Instruments
Utilities - Diversified
Aerospace & Defense
FREL: Top Represented Industries & Keywords
Industries:
REIT - Retail
REIT - Diversified
REIT - Residential
REIT - Industrial
REIT - Office
REIT - Healthcare Facilities
REIT - Hotel & Motel
Real Estate Services
Real Estate - General
Lumber & Wood Production
Telecom Services
Business Services
Software - Application
Keywords:
Real Estate Investment Trust
S&P 500
Real Estate Market
Retail Properties
Real Estate Properties
Property Management
Equity Global Management
Property
Equity Real Estate Investment Trust
Real Estate Broker
Shopping Mall
Champion Reit
Dream Office Real Estate Investment Trust
Industrial Properties
Land Law
Property Management Services
Real Estate Services
Assisted Living
Healthcare Facilities
Industrial Real Estate
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