CLSE vs. JEPQ ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ)

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

$23.59

Average Daily Volume

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

JEPQ

J.P. Morgan Nasdaq Equity Premium Income ETF

JEPQ Description

J.P. Morgan Nasdaq Equity Premium Income ETF its a fund to list on the Nasdaq, is an active equity ETF that seeks to deliver an attractive distributable yield while also delivering a significant portion of the returns associated with the fund’s primary benchmark, the Nasdaq-100 Index, with less volatility. This Fund was built for investors that are seeking income while also owning companies that provide exposure to Nasdaq's innovative marketplace. This strategy benefits from the intentionality of an active manager while being delivered through the ETF technology.

Grade (RS Rating)

Last Trade

$56.44

Average Daily Volume

3,031,872

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	JEPQ
30 Days	4.18%	2.81%
60 Days	7.10%	5.79%
90 Days	9.38%	7.91%
12 Months	39.93%	24.75%

31 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in JEPQ	Overlap
AAPL	C	0.83%	7.24%	0.83%
ABBV	F	0.72%	0.43%	0.43%
ABNB	C	-0.34%	0.12%	-0.34%
AMZN	C	2.53%	4.57%	2.53%
APP	B	2.25%	0.24%	0.24%
AVGO	D	2.28%	3.5%	2.28%
BKNG	A	0.44%	1.3%	0.44%
BMY	B	1.11%	0.28%	0.28%
CHTR	C	-0.48%	0.27%	-0.48%
CSCO	B	-0.52%	0.99%	-0.52%
DLTR	F	-0.41%	0.0%	-0.41%
DXCM	C	-0.63%	0.27%	-0.63%
GOOG	C	0.49%	3.99%	0.49%
INTC	C	-0.93%	0.34%	-0.93%
LRCX	F	0.0%	0.7%	0.0%
MDB	B	-0.29%	0.16%	-0.29%
META	D	3.3%	4.21%	3.3%
MNST	C	-0.28%	0.38%	-0.28%
MU	D	2.13%	0.69%	0.69%
NFLX	A	0.79%	2.15%	0.79%
NVDA	B	4.61%	7.42%	4.61%
ORCL	A	1.33%	0.41%	0.41%
PYPL	B	1.33%	0.26%	0.26%
QCOM	F	1.73%	0.9%	0.9%
SMCI	F	-0.47%	0.03%	-0.47%
SNPS	B	-0.44%	0.77%	-0.44%
TMUS	B	0.7%	1.17%	0.7%
TSLA	B	1.22%	3.11%	1.22%
TTWO	A	-0.43%	0.38%	-0.43%
TXN	C	-0.81%	0.88%	-0.81%
VRTX	D	0.23%	0.84%	0.23%

CLSE Overweight 306 Positions Relative to JEPQ

Symbol	Grade	Weight
GOOGL	C	3.47%
HPE	B	1.92%
CVNA	B	1.85%
ANET	C	1.83%
WMT	A	1.82%
IDCC	B	1.51%
GDDY	A	1.42%
CVLT	B	1.4%
DOCU	B	1.37%
ACIW	B	1.3%
JHG	B	1.21%
NTNX	B	1.16%
HD	B	1.13%
SYF	B	1.11%
NTRS	A	1.08%
GILD	C	1.07%
SNEX	B	1.06%
PLTR	B	1.02%
NTAP	C	1.0%
LNG	A	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	C	0.88%
GM	C	0.87%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
MLI	B	0.84%
CARG	B	0.83%
JNJ	C	0.83%
BAC	A	0.81%
PRIM	A	0.8%
MO	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%
UTHR	C	0.73%
PNC	B	0.72%
RF	A	0.72%
STRL	A	0.71%
ZION	B	0.71%
CMA	B	0.71%
NRG	B	0.71%
UHS	D	0.7%
CEIX	A	0.7%
GEN	B	0.68%
VRT	B	0.68%
APH	A	0.67%
UMBF	B	0.66%
ALSN	B	0.66%
MTZ	B	0.66%
AVT	C	0.66%
MWA	B	0.65%
BLK	B	0.65%
JPM	A	0.64%
CHRW	B	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	B	0.58%
AMG	B	0.58%
LDOS	C	0.55%
VST	A	0.55%
RGA	A	0.55%
GLW	B	0.52%
MET	A	0.52%
SLVM	B	0.5%
UI	B	0.49%
EXP	B	0.48%
CACI	D	0.48%
PNW	A	0.48%
AVA	A	0.47%
UNP	C	0.47%
PGR	A	0.46%
DUOL	A	0.45%
PG	C	0.45%
ALL	A	0.45%
LPX	B	0.43%
CTRE	C	0.42%
SCCO	F	0.41%
RMD	C	0.4%
JXN	C	0.39%
SR	A	0.38%
R	B	0.38%
SPG	A	0.37%
CNA	C	0.37%
CF	A	0.37%
GRMN	B	0.37%
OUT	A	0.36%
EQR	C	0.35%
CCL	A	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	A	0.31%
LAMR	C	0.31%
J	D	0.31%
MPWR	F	0.3%
CVS	D	0.29%
VLO	C	0.29%
T	A	0.29%
MDT	D	0.29%
IIPR	D	0.28%
APA	D	0.25%
NVR	D	0.24%
MATX	C	0.22%
NEM	D	0.22%
TOL	B	0.22%
EEFT	B	0.22%
FLR	B	0.21%
JLL	D	0.2%
MUSA	B	0.2%
ABM	B	0.19%
BAH	F	0.18%
KR	B	0.17%
NTRA	A	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
FOXA	A	0.14%
EXPD	C	0.14%
FN	C	0.13%
PRU	A	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CINF	A	0.12%
CDE	C	0.11%
ILMN	C	0.1%
AEIS	C	0.07%
INCY	C	0.07%
HQY	A	0.07%
QQQ	B	0.0%
LNTH	D	0.0%
PENN	C	-0.05%
KNX	C	-0.06%
HGV	C	-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	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%
ENPH	F	-0.11%
CGON	F	-0.11%
EL	F	-0.12%
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%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	D	-0.14%
MKL	A	-0.14%
AA	A	-0.14%
EQIX	A	-0.14%
CZR	F	-0.15%
COLD	D	-0.15%
APD	A	-0.15%
GTLS	A	-0.15%
CRL	D	-0.15%
RNR	C	-0.15%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
BHF	C	-0.16%
XPO	B	-0.16%
OSK	C	-0.16%
LGIH	F	-0.16%
DAR	C	-0.16%
ALB	B	-0.16%
UHAL	D	-0.16%
AGO	B	-0.16%
EW	C	-0.16%
SITE	F	-0.16%
SW	A	-0.17%
TEX	F	-0.17%
TREX	C	-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%
COTY	F	-0.18%
AL	B	-0.18%
CNH	C	-0.18%
BRKR	D	-0.18%
C	A	-0.19%
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	B	-0.21%
WTM	A	-0.21%
PRCT	B	-0.22%
BANC	B	-0.22%
MTN	C	-0.22%
SAIA	B	-0.22%
SUM	B	-0.22%
EQT	B	-0.23%
PSA	C	-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%
DELL	B	-0.25%
LW	C	-0.25%
KEY	B	-0.25%
BILL	A	-0.26%
NEOG	F	-0.26%
AUR	C	-0.26%
AWK	C	-0.26%
VAL	F	-0.27%
FOUR	A	-0.27%
STNE	F	-0.27%
TEAM	A	-0.27%
MSCI	C	-0.27%
PTEN	C	-0.27%
SOFI	B	-0.28%
ESTC	C	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
CYTK	F	-0.3%
LYV	A	-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%
LPLA	A	-0.34%
ZBRA	B	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	A	-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%
PINS	F	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
WBD	B	-0.43%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	D	-0.45%
GE	D	-0.46%
CDNS	B	-0.46%
MRNA	F	-0.47%
RH	C	-0.47%
CFLT	B	-0.47%
FND	D	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	A	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
MCHP	F	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
ROP	B	-0.7%
FSLR	F	-1.26%

CLSE Underweight 58 Positions Relative to JEPQ

Symbol	Grade	Weight
MSFT	D	-6.49%
COST	A	-1.62%
AMD	F	-1.35%
INTU	B	-1.34%
ISRG	A	-1.26%
CMCSA	B	-1.04%
ADBE	C	-1.04%
PANW	B	-0.96%
LIN	C	-0.92%
ADI	D	-0.88%
PEP	F	-0.74%
HON	C	-0.71%
REGN	F	-0.67%
ORLY	B	-0.63%
MDLZ	F	-0.62%
CSX	C	-0.6%
NXPI	D	-0.6%
MELI	C	-0.59%
MRVL	B	-0.59%
MAR	A	-0.57%
CPRT	B	-0.55%
ASML	F	-0.48%
CRWD	B	-0.47%
AMAT	F	-0.47%
ETN	A	-0.43%
LOW	C	-0.42%
NOW	A	-0.42%
KO	D	-0.42%
SBUX	A	-0.4%
VRSK	A	-0.4%
AMGN	F	-0.39%
CMG	B	-0.38%
XEL	A	-0.35%
NEE	C	-0.34%
UNH	B	-0.33%
SO	C	-0.33%
MA	B	-0.32%
STZ	D	-0.3%
HUBS	A	-0.3%
FANG	C	-0.29%
STX	C	-0.28%
DE	B	-0.26%
KHC	F	-0.26%
UBER	F	-0.25%
DASH	B	-0.24%
CPAY	A	-0.24%
WDAY	B	-0.23%
TMO	F	-0.22%
BIIB	F	-0.21%
ROST	D	-0.21%
PLD	F	-0.2%
UPS	C	-0.16%
TER	F	-0.16%
TTD	B	-0.15%
CTSH	B	-0.13%
LULU	C	-0.1%
ANSS	B	-0.09%
PDD	F	-0.07%