CLSE vs. IMCB ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to iShares Morningstar Mid-Cap ETF (IMCB)

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

$22.02

Average Daily Volume

50,834

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

IMCB

iShares Morningstar Mid-Cap ETF

IMCB Description

IMCB is a passively-managed portfolio that offers exposure to a blend of growth and value stocks in the US mid-cap space. Stocks are selected based on Morningstars index methodology that uses fundamental factors. This methodology identifies growth securities as those with relatively above-average historical and forecasted earnings, sales, equity, and cash flow growth, while value securities as those with relatively low valuations based on price-to-book ratios, price-to-earnings ratios and other factors. The underlying index is reconstituted twice annually and rebalanced quarterly. Prior to March 19, 2021, the fund tracked the Morningstar US Mid Core Index under the ticker JKG.

Grade (RS Rating)

Last Trade

$75.96

Average Daily Volume

31,378

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	IMCB
30 Days	1.80%	2.91%
60 Days	5.28%	5.00%
90 Days	2.71%	8.36%
12 Months	36.41%	27.81%

105 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in IMCB	Overlap
AEE	B	-0.04%	0.21%	-0.04%
AES	C	-0.08%	0.12%	-0.08%
ALB	D	-0.26%	0.1%	-0.26%
ALNY	C	0.12%	0.32%	0.12%
APP	C	1.96%	0.24%	0.24%
BG	F	0.72%	0.13%	0.13%
CAH	C	0.6%	0.25%	0.25%
CCL	C	0.25%	0.17%	0.17%
CELH	F	-0.29%	0.05%	-0.29%
CFG	D	0.57%	0.18%	0.18%
CG	C	-0.16%	0.09%	-0.16%
CHDN	D	-0.16%	0.09%	-0.16%
CHK	C	-0.16%	0.07%	-0.16%
CINF	C	-0.2%	0.2%	-0.2%
CNC	D	0.73%	0.37%	0.37%
CNH	C	-0.19%	0.09%	-0.19%
COTY	D	-0.23%	0.03%	-0.23%
CPNG	B	0.27%	0.27%	0.27%
D	C	-0.32%	0.44%	-0.32%
DAY	D	-0.15%	0.09%	-0.15%
DLTR	F	-0.29%	0.14%	-0.29%
DOCU	C	1.21%	0.11%	0.11%
DVA	B	0.84%	0.08%	0.08%
DVN	F	0.58%	0.24%	0.24%
DXCM	F	-0.24%	0.26%	-0.24%
EL	D	-0.21%	0.19%	-0.21%
EME	B	0.84%	0.19%	0.19%
ENPH	D	-0.36%	0.15%	-0.36%
EQR	C	0.43%	0.24%	0.24%
EQT	C	-0.26%	0.18%	-0.26%
EXAS	D	-0.35%	0.12%	-0.35%
EXPE	C	0.5%	0.17%	0.17%
EXR	C	-0.15%	0.35%	-0.15%
FCNCA	D	-0.2%	0.22%	-0.2%
FDS	C	-0.3%	0.16%	-0.3%
FITB	B	0.62%	0.28%	0.28%
FND	C	-0.63%	0.12%	-0.63%
GDDY	C	1.55%	0.2%	0.2%
GLW	B	0.33%	0.32%	0.32%
GM	C	0.56%	0.51%	0.51%
GRMN	D	0.09%	0.24%	0.09%
HPE	C	1.63%	0.23%	0.23%
HSY	D	-0.28%	0.27%	-0.28%
ILMN	D	-0.16%	0.2%	-0.16%
J	A	0.36%	0.17%	0.17%
KMB	C	0.39%	0.44%	0.39%
KR	B	0.17%	0.34%	0.17%
LDOS	A	0.4%	0.19%	0.19%
LKQ	F	-0.2%	0.1%	-0.2%
LPLA	D	-0.35%	0.15%	-0.35%
LUV	C	-0.21%	0.16%	-0.21%
LVS	C	-0.31%	0.16%	-0.31%
LW	D	-0.29%	0.09%	-0.29%
LYV	A	-0.37%	0.14%	-0.37%
MCHP	D	-0.51%	0.39%	-0.51%
MDB	D	-0.47%	0.19%	-0.47%
MRNA	F	-0.33%	0.21%	-0.33%
MRO	D	0.41%	0.14%	0.14%
NDAQ	C	-0.35%	0.26%	-0.35%
NEM	C	0.53%	0.57%	0.53%
NRG	B	0.56%	0.16%	0.16%
NTAP	D	1.88%	0.23%	0.23%
NTNX	D	0.8%	0.13%	0.13%
NTRA	C	0.15%	0.14%	0.14%
NTRS	C	0.98%	0.17%	0.17%
NVR	B	0.31%	0.27%	0.27%
OKE	C	-0.18%	0.5%	-0.18%
ON	D	-0.34%	0.29%	-0.34%
POOL	C	-0.57%	0.13%	-0.57%
PSA	C	-0.31%	0.52%	-0.31%
RBLX	C	-0.14%	0.22%	-0.14%
RF	B	0.59%	0.2%	0.2%
RGA	C	0.54%	0.13%	0.13%
RNR	B	-0.24%	0.12%	-0.24%
SJM	C	-0.15%	0.12%	-0.15%
SMCI	F	-0.58%	0.2%	-0.58%
SPG	B	0.4%	0.47%	0.4%
SRE	B	-0.32%	0.48%	-0.32%
SW	B	-0.24%	0.22%	-0.24%
SYF	C	0.9%	0.19%	0.19%
TFC	D	-0.2%	0.53%	-0.2%
THC	C	0.85%	0.15%	0.15%
TOL	A	0.35%	0.15%	0.15%
TSN	D	0.57%	0.16%	0.16%
TTD	B	-0.2%	0.45%	-0.2%
TTWO	D	-0.46%	0.22%	-0.46%
U	D	-0.63%	0.06%	-0.63%
UHAL	B	-0.17%	0.01%	-0.17%
UHAL	B	-0.17%	0.07%	-0.17%
UHS	C	0.82%	0.13%	0.13%
VLO	F	0.8%	0.42%	0.42%
VMC	C	-0.12%	0.31%	-0.12%
VRT	C	0.51%	0.31%	0.31%
VST	B	0.59%	0.28%	0.28%
VTRS	D	0.31%	0.13%	0.13%
WAT	B	-0.26%	0.18%	-0.26%
WBA	F	-0.22%	0.06%	-0.22%
WBD	D	-0.43%	0.17%	-0.43%
WDC	C	-0.6%	0.2%	-0.6%
WTRG	D	-0.16%	0.09%	-0.16%
WTW	B	-0.1%	0.28%	-0.1%
WY	C	-0.16%	0.22%	-0.16%
XPO	D	-0.2%	0.12%	-0.2%
XYL	C	-0.23%	0.3%	-0.23%
ZBRA	B	-0.38%	0.17%	-0.38%

CLSE Overweight 221 Positions Relative to IMCB

Symbol	Grade	Weight
NVDA	C	3.93%
META	B	3.19%
GOOGL	D	3.05%
AVGO	C	2.6%
QCOM	D	2.6%
AMZN	C	2.44%
AAPL	C	2.17%
WMT	B	1.95%
ANET	C	1.87%
CVNA	B	1.74%
IBM	B	1.71%
CVLT	B	1.64%
GOOG	D	1.25%
ORCL	B	1.23%
HD	B	1.18%
ACIW	B	1.14%
MSFT	C	1.12%
HALO	D	1.05%
T	B	1.03%
ABBV	B	1.03%
PYPL	B	1.03%
SNEX	C	1.03%
AMG	C	1.02%
JHG	B	0.99%
MU	D	0.97%
JNJ	C	0.96%
GILD	B	0.93%
AVT	B	0.92%
AMRX	C	0.89%
OGN	D	0.89%
IDCC	B	0.83%
SEIC	B	0.82%
BAC	D	0.82%
MLI	B	0.77%
MO	C	0.77%
FTDR	B	0.76%
MPC	F	0.74%
UMBF	C	0.73%
PPC	D	0.73%
PG	C	0.72%
JXN	B	0.69%
IIPR	B	0.68%
GVA	B	0.65%
STRL	C	0.65%
CHRW	B	0.63%
OSCR	D	0.6%
JPM	D	0.6%
UNP	D	0.59%
XOM	D	0.59%
PATK	C	0.58%
TSLA	C	0.58%
PRIM	B	0.57%
WFC	D	0.57%
SLVM	C	0.56%
ADMA	C	0.56%
MTZ	C	0.56%
AMGN	D	0.55%
AVA	B	0.55%
PNW	C	0.55%
NEE	B	0.55%
MET	B	0.55%
PGR	C	0.54%
IESC	B	0.54%
MRK	F	0.54%
MWA	B	0.54%
LMT	A	0.53%
CVX	F	0.52%
FDX	D	0.52%
HRB	C	0.51%
BMY	C	0.5%
NSA	C	0.49%
CNA	D	0.49%
RTX	B	0.49%
MUSA	D	0.47%
LNTH	D	0.47%
EEFT	F	0.46%
ACT	C	0.46%
KLAC	D	0.46%
MCK	F	0.45%
REZI	D	0.44%
LAMR	B	0.43%
RGLD	C	0.42%
SCCO	C	0.4%
FCX	C	0.39%
SAIC	C	0.39%
KNF	C	0.38%
CTRE	C	0.36%
BCO	B	0.34%
CAT	B	0.34%
ABM	D	0.34%
SM	F	0.33%
ALSN	B	0.33%
EXP	B	0.33%
STAG	D	0.33%
IBP	C	0.33%
NFLX	B	0.31%
JLL	B	0.3%
BKNG	B	0.26%
ANF	D	0.23%
MHO	B	0.19%
SPOT	C	0.13%
ADUS	C	0.12%
QQQ	B	0.0%
JOBY	F	-0.04%
BC	C	-0.05%
WOR	F	-0.05%
CAR	D	-0.06%
FOXF	F	-0.08%
ALIT	D	-0.08%
CZR	C	-0.09%
NXST	D	-0.09%
DRVN	C	-0.1%
VAC	D	-0.1%
HGV	F	-0.1%
AWR	C	-0.1%
MCW	F	-0.1%
HHH	C	-0.11%
ACVA	C	-0.11%
AGL	F	-0.11%
PGNY	F	-0.12%
AAL	D	-0.12%
VAL	F	-0.12%
COLD	D	-0.12%
VSAT	F	-0.12%
CC	D	-0.13%
LAD	B	-0.13%
PPBI	D	-0.14%
AA	C	-0.14%
VFC	B	-0.14%
PCH	C	-0.15%
MTN	D	-0.15%
PYCR	D	-0.15%
CLDX	F	-0.16%
AESI	D	-0.16%
KRG	C	-0.16%
CIEN	B	-0.17%
CGON	C	-0.17%
WAL	B	-0.17%
GTLS	F	-0.18%
VNO	B	-0.18%
AVAV	C	-0.18%
UEC	D	-0.18%
HI	F	-0.18%
BEAM	F	-0.18%
ENOV	F	-0.18%
TXG	D	-0.18%
KNSL	D	-0.19%
BIRK	F	-0.2%
BANC	C	-0.2%
BE	F	-0.2%
APD	B	-0.2%
WOLF	F	-0.2%
NTLA	F	-0.2%
COLB	B	-0.21%
RBA	D	-0.21%
IRTC	F	-0.21%
TMDX	C	-0.21%
AJG	D	-0.21%
AGCO	D	-0.21%
SHC	C	-0.22%
SBUX	C	-0.22%
TREX	F	-0.22%
GPOR	C	-0.22%
SOFI	D	-0.22%
CSCO	B	-0.23%
IPAR	D	-0.23%
WTM	F	-0.23%
CNX	B	-0.24%
FLYW	F	-0.24%
AEIS	D	-0.24%
VSH	F	-0.25%
WSC	D	-0.25%
BIO	C	-0.25%
SUM	D	-0.25%
PTEN	F	-0.26%
SITE	D	-0.27%
APLS	F	-0.27%
AL	C	-0.27%
HASI	C	-0.27%
GMED	D	-0.28%
GT	F	-0.28%
VVV	D	-0.28%
GE	C	-0.29%
INSP	D	-0.31%
PEN	D	-0.31%
TOST	C	-0.32%
NEOG	D	-0.32%
RVMD	C	-0.33%
EVTC	D	-0.33%
MARA	D	-0.33%
MNST	D	-0.33%
FOUR	C	-0.34%
IAC	C	-0.35%
ZI	D	-0.36%
BBIO	F	-0.36%
FIVN	F	-0.36%
AFRM	D	-0.36%
MKTX	D	-0.36%
ADBE	F	-0.37%
KLIC	D	-0.37%
BA	F	-0.38%
RIOT	F	-0.39%
BRZE	F	-0.4%
RIVN	F	-0.4%
PATH	D	-0.4%
C	C	-0.42%
CCOI	C	-0.44%
CGNX	F	-0.44%
GLOB	D	-0.45%
SATS	C	-0.46%
FIVE	D	-0.48%
DV	F	-0.49%
BILL	D	-0.49%
CFLT	F	-0.53%
RH	C	-0.56%
LBRDK	C	-0.58%
LSCC	D	-0.65%
GFS	F	-0.67%
LITE	B	-0.73%
TXN	B	-0.86%
INTC	D	-0.89%

CLSE Underweight 342 Positions Relative to IMCB

Symbol	Grade	Weight
PLTR	C	-0.68%
GEV	B	-0.62%
CARR	B	-0.62%
DHI	C	-0.55%
COF	B	-0.54%
NSC	C	-0.53%
ADSK	B	-0.53%
AFL	A	-0.52%
HLT	B	-0.51%
BK	B	-0.5%
TRV	C	-0.5%
WMB	C	-0.5%
URI	B	-0.49%
O	B	-0.49%
AEP	C	-0.49%
WDAY	D	-0.48%
AZO	B	-0.48%
JCI	B	-0.47%
PCAR	D	-0.47%
ROST	C	-0.47%
DLR	B	-0.47%
CCI	C	-0.46%
ALL	C	-0.46%
AIG	D	-0.45%
FTNT	B	-0.45%
FIS	C	-0.44%
FICO	B	-0.44%
CPRT	D	-0.42%
TEL	D	-0.42%
GWW	B	-0.42%
LEN	B	-0.42%
AMP	B	-0.42%
PRU	C	-0.41%
IQV	D	-0.41%
F	F	-0.4%
PAYX	C	-0.4%
LHX	C	-0.4%
MSCI	C	-0.4%
PCG	C	-0.39%
CMI	B	-0.39%
PWR	B	-0.39%
DASH	B	-0.39%
FERG	D	-0.39%
MPWR	B	-0.39%
KMI	C	-0.39%
GIS	B	-0.39%
IDXX	D	-0.39%
KDP	B	-0.38%
FAST	C	-0.38%
CTVA	B	-0.38%
A	C	-0.38%
PEG	B	-0.38%
LNG	D	-0.38%
ACGL	B	-0.38%
HWM	B	-0.37%
AME	C	-0.37%
KVUE	B	-0.37%
STZ	C	-0.37%
RCL	B	-0.37%
EW	F	-0.37%
ODFL	D	-0.36%
OTIS	B	-0.36%
COR	F	-0.36%
EXC	B	-0.36%
IT	C	-0.36%
IR	B	-0.36%
HUM	F	-0.35%
CTSH	B	-0.35%
VRSK	D	-0.35%
SQ	D	-0.35%
BKR	C	-0.34%
YUM	B	-0.34%
SYY	C	-0.34%
DOW	C	-0.34%
HES	F	-0.34%
CBRE	B	-0.34%
EFX	C	-0.34%
ED	B	-0.33%
XEL	B	-0.33%
GEHC	B	-0.33%
NUE	D	-0.33%
RMD	C	-0.33%
DFS	C	-0.33%
HIG	B	-0.32%
EA	D	-0.32%
HPQ	C	-0.32%
DD	B	-0.32%
COIN	F	-0.31%
IRM	C	-0.31%
TRGP	C	-0.31%
MLM	D	-0.31%
VICI	C	-0.31%
DDOG	D	-0.31%
EBAY	B	-0.3%
CSGP	D	-0.3%
EIX	B	-0.3%
AVB	C	-0.3%
CHTR	D	-0.3%
DELL	C	-0.29%
KHC	C	-0.29%
WAB	B	-0.29%
FANG	F	-0.29%
VEEV	C	-0.29%
LULU	D	-0.28%
MTB	C	-0.28%
DAL	C	-0.28%
CDW	D	-0.28%
PPG	C	-0.28%
PHM	B	-0.28%
ADM	D	-0.28%
ROK	D	-0.28%
MTD	C	-0.28%
GPN	D	-0.27%
ARES	B	-0.27%
AWK	C	-0.27%
BIIB	F	-0.27%
WEC	B	-0.27%
TSCO	B	-0.27%
AXON	B	-0.26%
ANSS	D	-0.26%
STT	B	-0.25%
KEYS	B	-0.25%
HUBS	D	-0.25%
ETR	A	-0.25%
FTV	C	-0.25%
SBAC	C	-0.24%
TEAM	D	-0.24%
VLTO	B	-0.24%
DOV	B	-0.24%
HAL	F	-0.24%
IFF	A	-0.24%
TROW	C	-0.23%
BR	C	-0.23%
BLDR	C	-0.23%
NET	D	-0.23%
LYB	D	-0.23%
VTR	C	-0.23%
BRO	C	-0.23%
CHD	C	-0.23%
DTE	A	-0.23%
PPL	A	-0.22%
DECK	C	-0.22%
ES	B	-0.22%
RJF	C	-0.22%
STE	B	-0.22%
TYL	C	-0.22%
FSLR	C	-0.22%
HUBB	B	-0.21%
WST	D	-0.21%
BALL	C	-0.2%
K	A	-0.2%
PTC	C	-0.2%
CPAY	B	-0.2%
HBAN	B	-0.2%
ZBH	F	-0.2%
COO	C	-0.2%
FE	B	-0.2%
MSTR	C	-0.2%
MOH	D	-0.19%
OMC	B	-0.19%
TRU	B	-0.19%
TDY	B	-0.19%
ATO	B	-0.19%
MKL	C	-0.19%
CMS	B	-0.19%
INVH	D	-0.19%
DRI	C	-0.19%
TER	C	-0.19%
MKC	C	-0.19%
CSL	B	-0.19%
STX	B	-0.19%
LH	D	-0.18%
HOLX	D	-0.18%
MAA	C	-0.18%
ALGN	D	-0.18%
PKG	B	-0.18%
BBY	A	-0.18%
ULTA	D	-0.18%
GPC	D	-0.18%
LII	C	-0.18%
BAX	C	-0.18%
ESS	C	-0.18%
BAH	B	-0.18%
CLX	C	-0.18%
PFG	B	-0.18%
SUI	C	-0.17%
CNP	C	-0.17%
PINS	D	-0.17%
WSM	C	-0.17%
MAS	B	-0.17%
DKNG	C	-0.17%
AVTR	C	-0.17%
DG	F	-0.17%
ARE	C	-0.17%
MANH	B	-0.16%
APTV	D	-0.16%
TXT	D	-0.16%
EG	B	-0.16%
IP	C	-0.16%
UAL	B	-0.16%
FWONK	C	-0.16%
DGX	B	-0.16%
AVY	C	-0.16%
ENTG	D	-0.16%
WSO	C	-0.16%
BURL	C	-0.16%
CTRA	F	-0.16%
EXPD	B	-0.16%
TPL	C	-0.16%
STLD	C	-0.16%
WRB	D	-0.16%
PNR	B	-0.15%
VRSN	C	-0.15%
ZS	F	-0.15%
HEI	C	-0.15%
IEX	C	-0.15%
SWKS	F	-0.15%
ZM	C	-0.15%
AMCR	B	-0.15%
RPM	B	-0.15%
RS	D	-0.15%
SWK	B	-0.15%
KEY	C	-0.15%
SSNC	C	-0.15%
PODD	C	-0.15%
ROL	C	-0.14%
FNF	B	-0.14%
L	D	-0.14%
CF	B	-0.14%
AKAM	D	-0.14%
SNA	B	-0.14%
NI	B	-0.14%
LNT	A	-0.14%
PSTG	F	-0.14%
CAG	B	-0.14%
GEN	A	-0.14%
DOC	B	-0.14%
OC	C	-0.14%
RVTY	B	-0.14%
KIM	C	-0.14%
CASY	D	-0.13%
ACM	B	-0.13%
WPC	C	-0.13%
UDR	C	-0.13%
TW	B	-0.13%
EVRG	B	-0.13%
CE	D	-0.13%
DPZ	D	-0.13%
IBKR	B	-0.13%
USFD	C	-0.13%
DT	C	-0.13%
GGG	C	-0.13%
JBHT	D	-0.13%
TRMB	C	-0.13%
WING	C	-0.12%
JNPR	A	-0.12%
CLH	C	-0.12%
ALLE	B	-0.12%
FFIV	B	-0.12%
TECH	C	-0.12%
AMH	D	-0.12%
BXP	C	-0.12%
EMN	B	-0.12%
JKHY	B	-0.12%
HST	D	-0.12%
JBL	C	-0.12%
FLEX	B	-0.12%
GLPI	C	-0.12%
ELS	D	-0.12%
BLD	C	-0.12%
NDSN	C	-0.12%
UTHR	B	-0.12%
ERIE	B	-0.12%
BMRN	F	-0.12%
CPT	C	-0.12%
FIX	B	-0.12%
CCK	B	-0.11%
TFX	B	-0.11%
SRPT	F	-0.11%
SCI	C	-0.11%
RRX	C	-0.11%
NVT	C	-0.11%
HOOD	C	-0.11%
IPG	C	-0.11%
PFGC	B	-0.11%
OKTA	F	-0.11%
EQH	C	-0.11%
NBIX	F	-0.11%
SAIA	D	-0.11%
REG	C	-0.11%
KMX	D	-0.11%
TTEK	C	-0.11%
DKS	D	-0.11%
TWLO	C	-0.1%
HII	F	-0.1%
OVV	F	-0.1%
LECO	D	-0.1%
CRL	F	-0.1%
SNAP	D	-0.1%
WMS	D	-0.1%
INCY	C	-0.1%
EPAM	F	-0.1%
HEI	C	-0.1%
RPRX	C	-0.1%
MEDP	F	-0.09%
APA	F	-0.09%
HRL	F	-0.09%
ALLY	F	-0.09%
FOXA	B	-0.09%
TAP	D	-0.09%
QRVO	F	-0.09%
BJ	D	-0.09%
SOLV	D	-0.09%
NWSA	D	-0.09%
CPB	C	-0.09%
AOS	B	-0.09%
AFG	C	-0.09%
CNM	F	-0.08%
UNM	B	-0.08%
MOS	F	-0.08%
MORN	C	-0.08%
PAYC	D	-0.08%
MGM	D	-0.08%
ACI	F	-0.07%
WYNN	C	-0.07%
DINO	F	-0.07%
AR	C	-0.07%
BEN	F	-0.06%
AZPN	B	-0.06%
BRKR	D	-0.06%
BSY	C	-0.06%
FOX	B	-0.05%
WLK	C	-0.05%
PCOR	D	-0.05%
SIRI	C	-0.05%
SNX	C	-0.05%
NWS	D	-0.03%
PAG	D	-0.03%
FWONA	C	-0.02%
LEN	B	-0.02%
AGR	C	-0.02%
ALAB	C	-0.01%