CLSE vs. JOET ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

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

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	JOET
30 Days	4.69%	7.96%
60 Days	6.81%	9.99%
90 Days	9.38%	13.18%
12 Months	39.93%	38.99%

38 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in JOET	Overlap
ALL	A	0.45%	0.79%	0.45%
AMZN	C	2.53%	0.85%	0.85%
ANET	C	1.83%	0.75%	0.75%
APH	A	0.67%	0.8%	0.67%
APO	B	-0.35%	0.86%	-0.35%
APP	B	2.25%	1.3%	1.3%
AVGO	D	2.28%	0.75%	0.75%
CINF	A	0.12%	0.79%	0.12%
CPNG	D	0.77%	0.74%	0.74%
DOCU	A	1.37%	0.88%	0.88%
EXR	D	-0.13%	0.74%	-0.13%
FCNCA	A	-0.35%	0.85%	-0.35%
FITB	A	0.78%	0.81%	0.78%
FSLR	F	-1.26%	0.72%	-1.26%
GM	B	0.87%	0.83%	0.83%
GRMN	B	0.37%	0.97%	0.37%
JPM	A	0.64%	0.81%	0.64%
META	D	3.3%	0.76%	0.76%
MLM	B	-0.13%	0.77%	-0.13%
MPWR	F	0.3%	0.49%	0.3%
NFLX	A	0.79%	0.85%	0.79%
NTRS	A	1.08%	0.79%	0.79%
NVDA	C	4.61%	0.79%	0.79%
NVR	D	0.24%	0.76%	0.24%
ORCL	B	1.33%	0.82%	0.82%
PGR	A	0.46%	0.8%	0.46%
PLTR	B	1.02%	1.0%	1.0%
PSA	D	-0.23%	0.75%	-0.23%
PYPL	B	1.33%	0.78%	0.78%
QCOM	F	1.73%	0.72%	0.72%
RF	A	0.72%	0.83%	0.72%
RMD	C	0.4%	0.71%	0.4%
SMCI	F	-0.47%	0.29%	-0.47%
SYF	B	1.11%	0.87%	0.87%
VMC	B	-0.13%	0.83%	-0.13%
VRT	B	0.68%	0.81%	0.68%
WMT	A	1.82%	0.78%	0.78%
XYL	D	-0.23%	0.71%	-0.23%

CLSE Overweight 299 Positions Relative to JOET

Symbol	Grade	Weight
GOOGL	C	3.47%
MU	D	2.13%
HPE	B	1.92%
CVNA	B	1.85%
IDCC	A	1.51%
GDDY	A	1.42%
CVLT	B	1.4%
ACIW	B	1.3%
TSLA	B	1.22%
JHG	A	1.21%
NTNX	A	1.16%
HD	A	1.13%
BMY	B	1.11%
GILD	C	1.07%
SNEX	B	1.06%
NTAP	C	1.0%
LNG	B	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
MLI	C	0.84%
CARG	C	0.83%
AAPL	C	0.83%
JNJ	D	0.83%
BAC	A	0.81%
PRIM	A	0.8%
MO	A	0.79%
THC	D	0.78%
DVA	B	0.78%
IESC	B	0.77%
EME	C	0.75%
WFC	A	0.75%
CNX	A	0.74%
FTI	A	0.74%
UTHR	C	0.73%
PNC	B	0.72%
ABBV	D	0.72%
STRL	B	0.71%
ZION	B	0.71%
CMA	A	0.71%
NRG	B	0.71%
UHS	D	0.7%
TMUS	B	0.7%
CEIX	A	0.7%
GEN	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%
CHRW	C	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	A	0.58%
AMG	B	0.58%
LDOS	C	0.55%
VST	B	0.55%
RGA	A	0.55%
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%
PG	A	0.45%
BKNG	A	0.44%
LPX	B	0.43%
CTRE	D	0.42%
SCCO	F	0.41%
JXN	C	0.39%
SR	A	0.38%
R	B	0.38%
SPG	B	0.37%
CNA	B	0.37%
CF	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%
CVS	D	0.29%
VLO	C	0.29%
T	A	0.29%
MDT	D	0.29%
IIPR	D	0.28%
APA	D	0.25%
VRTX	F	0.23%
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	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%
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%
LRCX	F	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%
STLD	B	-0.13%
AVAV	D	-0.13%
ALIT	C	-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%
RNR	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%
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	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%
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	C	-0.25%
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%
ABNB	C	-0.34%
INSP	D	-0.34%
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%
PINS	D	-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%
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%

CLSE Underweight 86 Positions Relative to JOET

Symbol	Grade	Weight
AXON	A	-1.03%
COIN	C	-0.98%
SPOT	B	-0.94%
UAL	A	-0.91%
FTNT	C	-0.89%
DAL	C	-0.89%
IBKR	A	-0.89%
CRWD	B	-0.87%
RCL	A	-0.87%
CRM	B	-0.86%
DFS	B	-0.86%
HEI	B	-0.85%
PH	A	-0.85%
PODD	C	-0.85%
SQ	B	-0.85%
NOW	A	-0.84%
HWM	A	-0.84%
HBAN	A	-0.84%
CMI	A	-0.83%
PANW	C	-0.83%
CFG	B	-0.83%
AMP	A	-0.83%
PCAR	B	-0.82%
SYK	C	-0.82%
MTB	A	-0.82%
RJF	A	-0.82%
ROL	B	-0.81%
IR	B	-0.81%
AXP	A	-0.81%
BR	A	-0.81%
GWW	B	-0.81%
ADSK	A	-0.81%
FAST	B	-0.81%
ETN	A	-0.8%
SPGI	C	-0.8%
DOV	A	-0.8%
ISRG	A	-0.8%
TTD	B	-0.8%
BRO	B	-0.8%
COST	B	-0.79%
DDOG	A	-0.79%
CTAS	B	-0.79%
IT	C	-0.79%
TT	A	-0.79%
DECK	A	-0.79%
RSG	A	-0.79%
WRB	A	-0.78%
PFG	D	-0.78%
MA	C	-0.78%
TSCO	D	-0.78%
HIG	B	-0.78%
URI	B	-0.78%
WELL	A	-0.78%
WAB	B	-0.78%
BSX	B	-0.78%
PWR	A	-0.78%
BK	A	-0.77%
TRV	B	-0.77%
BRK.A	B	-0.77%
AFL	B	-0.76%
MSFT	F	-0.76%
ACN	C	-0.76%
AMAT	F	-0.76%
NU	C	-0.75%
CMG	B	-0.75%
CB	C	-0.75%
CARR	D	-0.75%
CAT	B	-0.75%
ROST	C	-0.75%
LEN	D	-0.74%
HUBB	B	-0.74%
TW	A	-0.74%
KLAC	D	-0.73%
GD	F	-0.73%
PHM	D	-0.73%
ACGL	D	-0.72%
UBER	D	-0.7%
ADI	D	-0.7%
DHI	D	-0.69%
MELI	D	-0.69%
O	D	-0.69%
LLY	F	-0.67%
IRM	D	-0.67%
AMD	F	-0.66%
CHKP	D	-0.65%
CEG	D	-0.64%