CLSE vs. FTEC ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Fidelity MSCI Information Technology Index ETF (FTEC)
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

$22.51

Average Daily Volume

49,544

Number of Holdings *

331

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

Fidelity MSCI Information Technology Index ETF

FTEC Description The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$173.97

Average Daily Volume

238,735

Number of Holdings *

281

* may have additional holdings in another (foreign) market
Performance
Period CLSE FTEC
30 Days 5.51% 7.14%
60 Days 11.19% 13.61%
90 Days 4.00% -1.66%
12 Months 39.98% 42.10%
48 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in FTEC Overlap
AAPL C 1.95% 15.85% 1.95%
ACIW A 1.16% 0.1% 0.1%
ADBE F -0.39% 1.55% -0.39%
AEIS B -0.25% 0.09% -0.25%
ALGM F -0.17% 0.07% -0.17%
ANET A 1.93% 0.69% 0.69%
APP A 1.45% 0.26% 0.26%
AUR C -0.34% 0.11% -0.34%
AVGO B 2.7% 4.62% 2.7%
AVT B 0.95% 0.09% 0.09%
BILL D -0.48% 0.1% -0.48%
BRZE F -0.36% 0.05% -0.36%
CFLT F -0.51% 0.09% -0.51%
CGNX F -0.45% 0.11% -0.45%
CVLT B 1.65% 0.1% 0.1%
DELL C -0.6% 0.28% -0.6%
DOCU A 1.4% 0.15% 0.15%
DV F -0.46% 0.06% -0.46%
ENPH F -0.32% 0.16% -0.32%
FIVN F -0.53% 0.05% -0.53%
GDDY B 1.41% 0.2% 0.2%
GLW C 0.28% 0.29% 0.28%
HPE B 2.06% 0.23% 0.23%
IBM A 1.43% 1.32% 1.32%
IDCC A 1.17% 0.09% 0.09%
INTC D -0.8% 0.7% -0.8%
KLAC B 0.47% 0.73% 0.47%
KLIC D -0.23% 0.06% -0.23%
LITE A -0.79% 0.1% -0.79%
LSCC D -0.81% 0.12% -0.81%
MARA F -0.34% 0.1% -0.34%
MCHP F -0.52% 0.33% -0.52%
MDB D -0.44% 0.19% -0.44%
MSFT D 1.01% 14.02% 1.01%
MU D 1.05% 0.8% 0.8%
NTAP D 1.74% 0.21% 0.21%
NTNX C 0.95% 0.16% 0.16%
NVDA B 3.84% 14.04% 3.84%
ON F -0.34% 0.26% -0.34%
ORCL A 1.46% 1.81% 1.46%
PATH D -0.4% 0.1% -0.4%
QCOM D 2.56% 1.25% 1.25%
RIOT F -0.39% 0.06% -0.39%
TXN C -0.85% 1.25% -0.85%
U D -0.53% 0.12% -0.53%
WDC C -0.8% 0.21% -0.8%
WOLF F -0.22% 0.03% -0.22%
ZBRA B -0.39% 0.18% -0.39%
CLSE Overweight 283 Positions Relative to FTEC
Symbol Grade Weight
META A 3.31%
GOOGL B 3.08%
AMZN C 2.37%
WMT A 1.94%
CVNA A 1.82%
GOOG B 1.26%
HD A 1.22%
PYPL A 1.07%
ABBV C 1.02%
T B 1.01%
AMG B 1.0%
SNEX B 1.0%
JHG A 0.97%
SYF A 0.94%
HALO D 0.94%
BMY A 0.92%
GILD A 0.91%
JNJ D 0.91%
NTRS B 0.89%
THC D 0.86%
EME B 0.86%
DVA C 0.83%
AMRX B 0.83%
OGN F 0.83%
BAC B 0.8%
MLI B 0.78%
UHS D 0.78%
VLO F 0.77%
SEIC B 0.77%
PPC C 0.77%
MO D 0.76%
BFH D 0.74%
TSLA C 0.74%
FTDR B 0.73%
JXN A 0.71%
PG D 0.7%
CNC F 0.7%
NRG A 0.69%
BG F 0.69%
COR F 0.68%
IIPR C 0.67%
CHRW C 0.67%
ADMA A 0.67%
IESC A 0.66%
GVA A 0.65%
LNG A 0.65%
UMBF C 0.63%
FITB C 0.61%
PATK A 0.61%
PNC C 0.59%
XOM A 0.59%
RF B 0.59%
JPM C 0.59%
MWA A 0.58%
WFC B 0.58%
CAH B 0.58%
SLVM C 0.58%
UNP F 0.57%
MTZ A 0.57%
VST A 0.56%
MET A 0.56%
PRIM A 0.56%
MATX C 0.56%
DVN F 0.55%
REZI D 0.55%
AVA D 0.55%
RTX A 0.54%
NEE C 0.54%
LMT A 0.54%
TSN D 0.53%
NEM C 0.52%
STRL B 0.52%
OSCR C 0.52%
RGA B 0.52%
GM D 0.51%
EXPE B 0.5%
MRK F 0.5%
PNW C 0.48%
CNA D 0.47%
PGR B 0.47%
ATGE D 0.47%
MDT C 0.46%
LNTH C 0.46%
LDOS A 0.45%
CVX B 0.45%
EXP C 0.44%
MPC D 0.44%
CACI A 0.44%
SCCO B 0.44%
VRT B 0.42%
EQR C 0.41%
RGLD C 0.41%
SPG A 0.4%
ACT B 0.39%
CFG C 0.39%
EEFT F 0.39%
FCX B 0.38%
MUSA D 0.38%
LAMR C 0.36%
CAT A 0.36%
ALSN A 0.35%
CTRE C 0.35%
NSA D 0.35%
IBP C 0.34%
TOL C 0.34%
KBH D 0.32%
J F 0.32%
STAG D 0.32%
ABM D 0.32%
NFLX A 0.31%
SM D 0.31%
NVR C 0.31%
BCO C 0.31%
AMGN D 0.28%
OUT C 0.27%
BKNG B 0.26%
ALNY C 0.25%
CCL C 0.25%
JLL C 0.25%
ASPN C 0.25%
ANF D 0.24%
CVS D 0.19%
CPNG C 0.18%
KMB D 0.16%
KR C 0.16%
NTRA A 0.15%
SPOT C 0.14%
GRMN D 0.09%
QQQ B 0.0%
ADUS D 0.0%
MHO C 0.0%
VTRS D 0.0%
KNF B 0.0%
MRO B 0.0%
HRB C 0.0%
JOBY C -0.04%
CAR D -0.06%
PENN D -0.07%
PGNY F -0.08%
AES C -0.08%
MCW F -0.09%
CZR B -0.09%
BRKR D -0.09%
MASI B -0.09%
NXST D -0.09%
AGL F -0.1%
DRVN C -0.1%
VAC D -0.1%
LGIH C -0.1%
HGV F -0.1%
AWR B -0.1%
VMC D -0.11%
HHH C -0.11%
ACVA C -0.11%
SBUX B -0.11%
SJM D -0.12%
ALIT D -0.12%
JBLU B -0.13%
RBLX D -0.13%
PCH C -0.14%
PPBI D -0.14%
MTN D -0.14%
EXR D -0.15%
MKL B -0.15%
KRG C -0.15%
COLD D -0.15%
DAY C -0.15%
AA B -0.15%
BIRK F -0.15%
PYCR D -0.15%
WAL C -0.16%
THO C -0.16%
WY C -0.16%
CC D -0.16%
WTRG D -0.16%
CHDN C -0.16%
OKE A -0.17%
OSK F -0.17%
AESI B -0.17%
ENOV F -0.17%
UHAL C -0.17%
BEAM F -0.17%
KNSL B -0.18%
LUV B -0.18%
CHK C -0.18%
NTLA F -0.18%
TXG F -0.18%
VNO B -0.18%
HI F -0.18%
TFC D -0.19%
CINF A -0.19%
TTD A -0.19%
AJG C -0.19%
PNFP B -0.19%
LKQ F -0.19%
XPO F -0.19%
CGON C -0.19%
CACC F -0.2%
ELF F -0.2%
SOFI C -0.2%
BE F -0.2%
AVAV B -0.2%
APD C -0.2%
GTLS D -0.2%
KROS C -0.2%
CNH C -0.2%
GATX F -0.2%
BANC D -0.2%
GPOR B -0.21%
COLB C -0.21%
EW F -0.21%
IRTC F -0.21%
MSCI B -0.21%
AGCO D -0.21%
TREX D -0.21%
AIR C -0.21%
FLYW F -0.22%
COTY F -0.22%
RBA D -0.22%
XYL C -0.22%
FCNCA D -0.22%
WTM C -0.22%
UEC C -0.22%
ARWR F -0.22%
DXCM F -0.23%
EL D -0.23%
SW C -0.24%
RNR A -0.24%
SUM F -0.24%
BIO B -0.24%
CNX A -0.26%
AL D -0.26%
HSY D -0.26%
C B -0.26%
EQT C -0.27%
SITE D -0.27%
ALB D -0.27%
PEN D -0.27%
ROIV D -0.27%
GMED B -0.28%
LW D -0.28%
D A -0.29%
CELH F -0.29%
GE B -0.29%
MRNA F -0.3%
PSA C -0.3%
NEOG F -0.3%
PTEN F -0.3%
GT F -0.3%
APLS F -0.31%
SRE C -0.31%
MNST D -0.31%
VVV D -0.31%
EVTC D -0.32%
INSP C -0.32%
FDS C -0.34%
MKTX B -0.34%
NDAQ C -0.35%
AFRM C -0.35%
APO A -0.36%
LPLA D -0.37%
BA F -0.37%
FOUR A -0.37%
EXAS C -0.38%
LYV A -0.38%
RIVN F -0.38%
CYTK D -0.41%
WBD F -0.42%
SATS C -0.43%
BBIO F -0.43%
ZI F -0.44%
GLOB D -0.45%
DLTR F -0.45%
CCOI B -0.45%
CASY D -0.47%
TTWO D -0.47%
LBRDK C -0.48%
PINS D -0.49%
FIVE D -0.52%
RH C -0.54%
POOL D -0.56%
FND C -0.64%
GFS F -0.67%
CLSE Underweight 233 Positions Relative to FTEC
Symbol Grade Weight
CRM B -1.79%
AMD C -1.74%
ACN B -1.45%
CSCO A -1.42%
NOW B -1.19%
INTU F -1.15%
AMAT C -1.15%
ADI B -0.78%
LRCX D -0.74%
PANW B -0.73%
APH D -0.54%
SNPS F -0.54%
PLTR A -0.53%
CDNS D -0.52%
MSI A -0.52%
CRWD D -0.47%
NXPI F -0.45%
MRVL C -0.44%
ROP D -0.43%
ADSK B -0.43%
WDAY D -0.38%
FTNT A -0.37%
FICO C -0.36%
TEL D -0.35%
MPWR B -0.34%
IT A -0.31%
CTSH B -0.3%
HPQ B -0.28%
SNOW F -0.27%
DDOG B -0.26%
CDW D -0.25%
MSTR B -0.25%
ANSS D -0.24%
KEYS B -0.24%
HUBS D -0.23%
FSLR C -0.23%
TEAM D -0.22%
NET D -0.21%
TYL D -0.21%
PTC B -0.2%
STX C -0.2%
TDY A -0.19%
TER C -0.19%
SMCI F -0.18%
ZM B -0.18%
ENTG D -0.17%
VRSN C -0.17%
MANH A -0.17%
SWKS F -0.16%
COHR B -0.16%
JBL C -0.16%
AKAM D -0.16%
DT B -0.16%
TRMB B -0.16%
GWRE A -0.16%
GEN A -0.16%
FFIV B -0.15%
FLEX B -0.15%
ZS F -0.15%
JNPR C -0.14%
PSTG F -0.14%
OLED B -0.13%
CIEN A -0.13%
ONTO B -0.13%
TWLO B -0.13%
EPAM F -0.13%
IOT C -0.13%
SMAR A -0.12%
PI A -0.12%
ZETA B -0.12%
QRVO F -0.12%
SNX C -0.12%
OKTA F -0.12%
MKSI F -0.11%
PCOR D -0.11%
MTSI B -0.11%
SPSC D -0.11%
BMI A -0.11%
ARW C -0.11%
FN B -0.11%
BSY D -0.11%
KD D -0.1%
QLYS F -0.1%
APPF C -0.1%
QTWO B -0.1%
BDC A -0.1%
ITRI C -0.1%
VRNS B -0.1%
NOVT C -0.1%
NSIT B -0.1%
BOX C -0.1%
ALTR B -0.1%
LFUS C -0.1%
S C -0.1%
GTLB D -0.1%
DBX C -0.1%
RMBS F -0.09%
ESTC F -0.09%
BLKB C -0.09%
SANM D -0.09%
WK D -0.09%
TENB D -0.09%
CRDO B -0.09%
DXC C -0.09%
CWAN B -0.09%
SLAB D -0.09%
ASGN D -0.09%
PLXS A -0.09%
HCP A -0.09%
DLB D -0.09%
VNT F -0.09%
CRUS D -0.09%
PEGA B -0.08%
SYNA F -0.08%
SITM A -0.08%
AMKR F -0.08%
FORM D -0.08%
ACLS F -0.08%
POWI F -0.08%
ALRM F -0.07%
AI D -0.07%
PLUS B -0.07%
AGYS D -0.07%
PRFT A -0.07%
FROG F -0.07%
NCNO F -0.07%
CXT F -0.07%
YOU C -0.07%
BL D -0.07%
PRGS A -0.07%
SQSP A -0.07%
DIOD F -0.07%
TDC D -0.07%
SMTC C -0.07%
CALX C -0.06%
RPD D -0.06%
RNG F -0.06%
OSIS C -0.06%
CLSK F -0.06%
DOCN B -0.06%
INTA C -0.06%
ROG D -0.05%
TTMI D -0.05%
VECO F -0.05%
VYX C -0.05%
EXTR D -0.05%
FRSH F -0.05%
VERX B -0.05%
VIAV C -0.05%
MIR B -0.05%
VSH F -0.05%
AMBA C -0.05%
IPGP D -0.05%
CTS B -0.04%
INFN C -0.04%
SPT F -0.04%
NSSC F -0.04%
NTCT C -0.04%
VRNT F -0.04%
PLAB D -0.04%
KN B -0.04%
HLIT D -0.04%
INFA D -0.04%
BHE C -0.04%
RAMP F -0.04%
RBRK D -0.04%
PD F -0.04%
UCTT D -0.04%
PAR D -0.04%
ALKT D -0.04%
DGII B -0.03%
ASAN F -0.03%
FSLY D -0.03%
ATEN B -0.03%
ICHR D -0.03%
APLD C -0.03%
SCSC D -0.03%
JAMF F -0.03%
SGH D -0.03%
APPN C -0.03%
ARLO F -0.03%
ENV C -0.03%
ZUO F -0.03%
MXL D -0.03%
WULF C -0.03%
COHU F -0.03%
XRX D -0.03%
SEDG F -0.03%
SOUN F -0.03%
PWSC C -0.03%
BASE F -0.02%
DJCO C -0.02%
ETWO F -0.02%
SWI B -0.02%
HCKT D -0.02%
IBUY A -0.02%
INDI F -0.02%
YEXT B -0.02%
BLND C -0.02%
PRO F -0.02%
CIFR C -0.02%
BELFB A -0.02%
GDYN B -0.02%
AOSL D -0.02%
CXM F -0.02%
ACMR D -0.02%
NABL F -0.02%
CNXN C -0.02%
VSAT F -0.02%
PDFS F -0.02%
NNBR C -0.01%
RBBN C -0.01%
VPG F -0.01%
CRSR D -0.01%
LWLG F -0.01%
ENFN C -0.01%
MITK F -0.01%
BIGC F -0.01%
MEI D -0.01%
DMRC D -0.01%
WEAV B -0.01%
CLFD D -0.01%
SEMR C -0.01%
KE F -0.01%
MLNK F -0.01%
OLO F -0.01%
LASR F -0.01%
AAOI C -0.01%
TWKS C -0.01%
DAKT D -0.01%
OSPN D -0.01%
NTGR C -0.01%
CEVA B -0.01%
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