CLSE vs. MDYV ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

$23.64

Average Daily Volume

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$85.62

Average Daily Volume

306,570

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	MDYV
30 Days	4.18%	5.14%
60 Days	7.10%	7.05%
90 Days	9.38%	7.90%
12 Months	39.93%	29.56%

58 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in MDYV	Overlap
AA	A	-0.14%	0.72%	-0.14%
AGCO	D	-0.18%	0.39%	-0.18%
ALGM	D	-0.45%	0.14%	-0.45%
AMG	B	0.58%	0.38%	0.38%
AVT	C	0.66%	0.32%	0.32%
BC	C	-0.08%	0.14%	-0.08%
BHF	C	-0.16%	0.21%	-0.16%
BRKR	D	-0.18%	0.16%	-0.18%
CACI	D	0.48%	0.47%	0.47%
CDP	C	0.34%	0.14%	0.14%
CGNX	D	-0.45%	0.26%	-0.45%
CNH	C	-0.18%	0.63%	-0.18%
COHR	B	-0.36%	1.03%	-0.36%
CVLT	B	1.4%	0.2%	0.2%
CYTK	F	-0.3%	0.24%	-0.3%
DAR	C	-0.16%	0.44%	-0.16%
DOCU	B	1.37%	1.11%	1.11%
EEFT	B	0.22%	0.13%	0.13%
ENOV	C	-0.18%	0.17%	-0.18%
FLR	B	0.21%	0.59%	0.21%
GATX	A	-0.2%	0.23%	-0.2%
GNTX	C	-0.09%	0.17%	-0.09%
HGV	C	-0.06%	0.07%	-0.06%
HQY	A	0.07%	0.28%	0.07%
ILMN	C	0.1%	1.53%	0.1%
JAZZ	B	0.16%	0.3%	0.16%
JHG	B	1.21%	0.39%	0.39%
JLL	D	0.2%	0.84%	0.2%
KNX	C	-0.06%	0.61%	-0.06%
KRG	B	-0.17%	0.4%	-0.17%
LAMR	C	0.31%	0.32%	0.31%
LITE	B	-0.6%	0.39%	-0.6%
LPX	B	0.43%	0.17%	0.17%
MASI	B	-0.17%	0.18%	-0.17%
MTN	C	-0.22%	0.15%	-0.22%
MTZ	B	0.66%	0.57%	0.57%
NEOG	F	-0.26%	0.19%	-0.26%
OSK	C	-0.16%	0.49%	-0.16%
PCH	F	-0.12%	0.2%	-0.12%
PPC	C	0.85%	0.14%	0.14%
R	B	0.38%	0.48%	0.38%
REXR	F	-0.14%	0.38%	-0.14%
RGA	A	0.55%	1.02%	0.55%
RGLD	C	0.32%	0.3%	0.3%
RH	C	-0.47%	0.18%	-0.47%
RNR	C	-0.15%	0.41%	-0.15%
RYN	D	-0.07%	0.17%	-0.07%
SEIC	B	0.95%	0.27%	0.27%
SR	A	0.38%	0.26%	0.26%
TEX	F	-0.17%	0.1%	-0.17%
THC	D	0.78%	1.05%	0.78%
UMBF	B	0.66%	0.37%	0.37%
UTHR	C	0.73%	0.64%	0.64%
WAL	B	-0.19%	0.33%	-0.19%
WTRG	B	-0.24%	0.34%	-0.24%
XPO	B	-0.16%	0.62%	-0.16%
ZI	D	-0.36%	0.14%	-0.36%
ZION	B	0.71%	0.59%	0.59%

CLSE Overweight 279 Positions Relative to MDYV

Symbol	Grade	Weight
NVDA	B	4.61%
GOOGL	C	3.47%
META	D	3.3%
AMZN	C	2.53%
AVGO	D	2.28%
APP	B	2.25%
MU	D	2.13%
HPE	B	1.92%
CVNA	B	1.85%
ANET	C	1.83%
WMT	A	1.82%
QCOM	F	1.73%
IDCC	B	1.51%
GDDY	A	1.42%
PYPL	B	1.33%
ORCL	A	1.33%
ACIW	B	1.3%
TSLA	B	1.22%
NTNX	B	1.16%
HD	B	1.13%
SYF	B	1.11%
BMY	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%
HALO	F	0.9%
AMRX	C	0.9%
BFH	C	0.88%
GM	C	0.87%
COR	B	0.86%
CAH	B	0.86%
GVA	A	0.84%
MLI	B	0.84%
CARG	B	0.83%
AAPL	C	0.83%
JNJ	C	0.83%
BAC	A	0.81%
PRIM	A	0.8%
MO	A	0.79%
NFLX	A	0.79%
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%
PNC	B	0.72%
ABBV	F	0.72%
RF	A	0.72%
STRL	A	0.71%
CMA	B	0.71%
NRG	B	0.71%
UHS	D	0.7%
TMUS	B	0.7%
CEIX	A	0.7%
GEN	B	0.68%
VRT	B	0.68%
APH	A	0.67%
ALSN	B	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%
LDOS	C	0.55%
VST	A	0.55%
GLW	B	0.52%
MET	A	0.52%
SLVM	B	0.5%
GOOG	C	0.49%
UI	B	0.49%
EXP	B	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%
BKNG	A	0.44%
CTRE	C	0.42%
SCCO	F	0.41%
RMD	C	0.4%
JXN	C	0.39%
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%
CNC	D	0.31%
PTON	A	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%
VRTX	D	0.23%
MATX	C	0.22%
NEM	D	0.22%
TOL	B	0.22%
MUSA	B	0.2%
ABM	B	0.19%
BAH	F	0.18%
KR	B	0.17%
NTRA	A	0.17%
BOX	B	0.17%
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%
AEIS	C	0.07%
INCY	C	0.07%
QQQ	B	0.0%
LNTH	D	0.0%
LRCX	F	0.0%
PENN	C	-0.05%
HUN	F	-0.07%
EXAS	D	-0.07%
COOP	B	-0.07%
CCS	D	-0.07%
JOE	F	-0.08%
AES	F	-0.08%
FLYW	B	-0.08%
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%
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%
ARWR	D	-0.14%
MKL	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%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
LGIH	F	-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%
TREX	C	-0.17%
MDGL	B	-0.17%
LKQ	F	-0.17%
AJG	A	-0.17%
CHDN	B	-0.18%
UEC	B	-0.18%
EBC	B	-0.18%
COTY	F	-0.18%
AL	B	-0.18%
C	A	-0.19%
AIR	B	-0.19%
KNSL	B	-0.2%
SRE	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%
SAIA	B	-0.22%
SUM	B	-0.22%
EQT	B	-0.23%
PSA	C	-0.23%
XYL	D	-0.23%
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%
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%
MNST	C	-0.28%
SOFI	B	-0.28%
ESTC	C	-0.29%
MDB	B	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
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%
ABNB	C	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	A	-0.35%
CACC	D	-0.36%
BBIO	F	-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	F	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	B	-0.43%
SNPS	B	-0.44%
DV	C	-0.45%
GE	D	-0.46%
CDNS	B	-0.46%
MRNA	F	-0.47%
SMCI	F	-0.47%
CFLT	B	-0.47%
CHTR	C	-0.48%
CSCO	B	-0.52%
FND	D	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	A	-0.57%
WST	C	-0.59%
POOL	C	-0.61%
MCHP	F	-0.63%
DXCM	C	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
ROP	B	-0.7%
TXN	C	-0.81%
INTC	C	-0.93%
FSLR	F	-1.26%

CLSE Underweight 226 Positions Relative to MDYV

Symbol	Grade	Weight
USFD	A	-1.09%
FNF	B	-1.07%
PFGC	B	-0.9%
UNM	A	-0.83%
WPC	C	-0.81%
SF	B	-0.8%
JEF	A	-0.8%
BJ	A	-0.78%
RRX	B	-0.77%
FHN	A	-0.73%
GME	C	-0.72%
ARMK	B	-0.69%
WBS	A	-0.69%
AFG	A	-0.69%
ALLY	C	-0.67%
LAD	A	-0.67%
WCC	B	-0.63%
AAL	B	-0.63%
GMED	A	-0.62%
ORI	A	-0.6%
AR	B	-0.6%
WTFC	A	-0.59%
SNX	D	-0.59%
SFM	A	-0.57%
OGE	A	-0.57%
TPL	A	-0.57%
GPK	C	-0.57%
AVTR	F	-0.56%
SSB	B	-0.55%
X	B	-0.55%
IBKR	A	-0.54%
SNV	C	-0.54%
RPM	A	-0.54%
PB	B	-0.53%
FYBR	C	-0.52%
ACM	B	-0.52%
ADC	A	-0.51%
BERY	C	-0.51%
GLPI	C	-0.51%
G	B	-0.5%
TMHC	C	-0.49%
EQH	C	-0.48%
VNO	C	-0.47%
CADE	B	-0.47%
ONB	C	-0.47%
BURL	B	-0.46%
CMC	B	-0.46%
VMI	B	-0.46%
DINO	D	-0.46%
EWBC	A	-0.45%
FAF	A	-0.45%
BIO	C	-0.45%
COLB	B	-0.44%
KD	B	-0.44%
GBCI	B	-0.43%
NOV	C	-0.43%
STWD	C	-0.42%
INGR	C	-0.42%
WHR	B	-0.42%
OHI	C	-0.41%
ARW	D	-0.41%
ESNT	F	-0.4%
CIEN	C	-0.4%
FNB	A	-0.4%
SCI	B	-0.4%
PVH	C	-0.39%
THO	B	-0.39%
THG	A	-0.39%
PNFP	B	-0.38%
CG	B	-0.38%
FBIN	D	-0.38%
EHC	B	-0.38%
HOMB	A	-0.38%
CCK	D	-0.38%
UBSI	B	-0.38%
BMRN	F	-0.37%
NFG	A	-0.37%
CLF	F	-0.37%
LEA	F	-0.36%
DKS	D	-0.36%
CFR	B	-0.35%
AYI	B	-0.34%
UGI	C	-0.34%
NXST	C	-0.34%
POST	C	-0.34%
BRX	A	-0.33%
NNN	C	-0.33%
CW	C	-0.33%
CUBE	C	-0.33%
BDC	C	-0.33%
GAP	C	-0.33%
ST	F	-0.33%
SON	F	-0.33%
CBSH	B	-0.33%
AVNT	B	-0.32%
CUZ	B	-0.32%
IRT	A	-0.32%
NJR	A	-0.32%
AMH	C	-0.32%
POR	C	-0.32%
ATR	B	-0.32%
VLY	B	-0.32%
VOYA	B	-0.32%
ELS	C	-0.32%
SWX	B	-0.31%
AN	C	-0.3%
SLGN	A	-0.3%
BRBR	A	-0.3%
TTC	C	-0.3%
TKO	A	-0.3%
SBRA	C	-0.29%
FLO	D	-0.29%
ORA	B	-0.29%
FLS	B	-0.29%
KMPR	A	-0.29%
M	F	-0.29%
KBR	F	-0.29%
KEX	B	-0.29%
BKH	A	-0.29%
TCBI	C	-0.28%
ASGN	F	-0.28%
CNO	B	-0.28%
PNM	B	-0.28%
KRC	B	-0.28%
SAIC	F	-0.28%
OGS	A	-0.28%
MTG	C	-0.27%
ASB	B	-0.27%
DCI	B	-0.27%
IDA	A	-0.26%
ASH	F	-0.26%
HOG	D	-0.26%
MKSI	C	-0.26%
MIDD	C	-0.25%
PRGO	C	-0.25%
ALE	A	-0.25%
PII	F	-0.24%
WU	F	-0.24%
DTM	A	-0.24%
FR	D	-0.24%
MAT	D	-0.24%
XRAY	F	-0.24%
NWE	B	-0.23%
CHE	D	-0.23%
NVST	B	-0.23%
CNM	D	-0.23%
FFIN	B	-0.22%
GHC	B	-0.22%
DOCS	C	-0.22%
STAG	D	-0.22%
FHI	B	-0.22%
EVR	B	-0.22%
PBF	D	-0.21%
SLM	A	-0.21%
EXLS	B	-0.21%
EGP	D	-0.21%
OLN	F	-0.2%
TKR	D	-0.2%
AMKR	D	-0.2%
VAC	C	-0.2%
MAN	F	-0.2%
PAG	B	-0.2%
KBH	D	-0.19%
ALV	C	-0.19%
CC	C	-0.19%
WH	B	-0.18%
CHWY	B	-0.18%
GXO	B	-0.18%
GT	C	-0.18%
MUR	D	-0.18%
MTSI	B	-0.18%
SIGI	C	-0.18%
CXT	C	-0.18%
EXPO	D	-0.17%
HWC	B	-0.17%
HXL	F	-0.17%
RLI	A	-0.17%
NOVT	D	-0.17%
CRUS	D	-0.16%
OZK	B	-0.16%
IBOC	B	-0.15%
JWN	D	-0.15%
ENS	F	-0.15%
RCM	A	-0.15%
SRPT	F	-0.14%
LSTR	D	-0.14%
AM	A	-0.14%
UAA	C	-0.13%
LFUS	D	-0.13%
CNXC	F	-0.13%
DLB	B	-0.13%
ROIV	C	-0.13%
CRI	F	-0.13%
CHX	C	-0.13%
SMG	C	-0.13%
CBT	D	-0.13%
AMED	F	-0.12%
GEF	A	-0.12%
IRDM	D	-0.12%
SYNA	C	-0.12%
POWI	F	-0.12%
MSM	C	-0.12%
LIVN	F	-0.12%
VSH	F	-0.12%
LANC	C	-0.12%
HAE	C	-0.12%
CHH	A	-0.11%
OPCH	D	-0.11%
COLM	C	-0.1%
WEN	D	-0.1%
NSA	C	-0.1%
SAM	C	-0.1%
KNF	B	-0.1%
BLKB	B	-0.09%
EPR	C	-0.09%
PSN	D	-0.09%
MMS	F	-0.09%
NSP	F	-0.09%
VC	F	-0.09%
TNL	A	-0.08%
IPGP	D	-0.08%
UA	C	-0.08%
YETI	D	-0.08%
CPRI	F	-0.08%
WMG	D	-0.07%
AZTA	D	-0.05%