CLSE vs. NXTV ETF Comparison
Comparison of Convergence Long/Short Equity ETF (CLSE) to Simplify Next Intangible Value Index ETF (NXTV)
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
NXTV
Simplify Next Intangible Value Index ETF
NXTV Description
NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.Grade (RS Rating)
Last Trade
$28.45
Average Daily Volume
731
Number of Holdings
*
194
* may have additional holdings in another (foreign) market
Performance
| Period | CLSE | NXTV |
|---|---|---|
| 30 Days | 4.18% | 3.77% |
| 60 Days | 7.10% | 4.81% |
| 90 Days | 9.38% | 8.56% |
| 12 Months | 39.93% |
52 Overlapping Holdings
| Symbol | Grade | Weight in CLSE | Weight in NXTV | Overlap | |
|---|---|---|---|---|---|
| AA | A | -0.14% | 0.18% | -0.14% | |
| ALB | B | -0.16% | 0.43% | -0.16% | |
| ALIT | C | -0.13% | 0.16% | -0.13% | |
| ALL | A | 0.45% | 0.74% | 0.45% | |
| BEN | C | -0.36% | 0.16% | -0.36% | |
| BILL | A | -0.26% | 0.29% | -0.26% | |
| C | A | -0.19% | 1.95% | -0.19% | |
| CACI | D | 0.48% | 0.53% | 0.48% | |
| CCL | A | 0.35% | 0.45% | 0.35% | |
| CINF | A | 0.12% | 0.33% | 0.12% | |
| CNA | C | 0.37% | 0.2% | 0.2% | |
| CNC | D | 0.31% | 0.48% | 0.31% | |
| CNH | C | -0.18% | 0.21% | -0.18% | |
| COTY | F | -0.18% | 0.19% | -0.18% | |
| CVS | D | 0.29% | 1.08% | 0.29% | |
| DELL | B | -0.25% | 3.41% | -0.25% | |
| DG | F | -0.4% | 0.76% | -0.4% | |
| DLTR | F | -0.41% | 0.61% | -0.41% | |
| EL | F | -0.12% | 0.74% | -0.12% | |
| EQT | B | -0.23% | 0.39% | -0.23% | |
| EXPE | B | 0.61% | 0.36% | 0.36% | |
| FCNCA | A | -0.35% | 0.71% | -0.35% | |
| FOXA | A | 0.14% | 0.83% | 0.14% | |
| FTI | A | 0.74% | 0.3% | 0.3% | |
| GM | C | 0.87% | 1.04% | 0.87% | |
| HPE | B | 1.92% | 1.06% | 1.06% | |
| ILMN | C | 0.1% | 0.58% | 0.1% | |
| INCY | C | 0.07% | 0.41% | 0.07% | |
| INTC | C | -0.93% | 3.52% | -0.93% | |
| JAZZ | B | 0.16% | 0.2% | 0.16% | |
| JLL | D | 0.2% | 0.2% | 0.2% | |
| KR | B | 0.17% | 1.77% | 0.17% | |
| LKQ | F | -0.17% | 0.17% | -0.17% | |
| MET | A | 0.52% | 0.83% | 0.52% | |
| MKL | A | -0.14% | 0.34% | -0.14% | |
| MRNA | F | -0.47% | 0.57% | -0.47% | |
| NTAP | C | 1.0% | 0.98% | 0.98% | |
| NWS | A | -0.57% | 0.72% | -0.57% | |
| PRU | A | 0.13% | 0.67% | 0.13% | |
| RGA | A | 0.55% | 0.22% | 0.22% | |
| RIVN | F | -0.42% | 0.19% | -0.42% | |
| RNR | C | -0.15% | 0.21% | -0.15% | |
| SATS | D | -0.4% | 0.23% | -0.4% | |
| SRE | A | -0.2% | 0.53% | -0.2% | |
| SYF | B | 1.11% | 0.34% | 0.34% | |
| T | A | 0.29% | 5.05% | 0.29% | |
| TOL | B | 0.22% | 0.18% | 0.18% | |
| TSN | B | 0.6% | 0.32% | 0.32% | |
| U | C | -0.41% | 0.27% | -0.41% | |
| WBD | B | -0.43% | 0.13% | -0.43% | |
| WDC | D | -0.65% | 0.92% | -0.65% | |
| ZI | D | -0.36% | 0.16% | -0.36% |
CLSE Overweight 285 Positions Relative to NXTV
| 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% | |
| CVNA | B | 1.85% | |
| ANET | C | 1.83% | |
| WMT | A | 1.82% | |
| QCOM | F | 1.73% | |
| IDCC | B | 1.51% | |
| GDDY | A | 1.42% | |
| CVLT | B | 1.4% | |
| DOCU | B | 1.37% | |
| PYPL | B | 1.33% | |
| ORCL | A | 1.33% | |
| ACIW | B | 1.3% | |
| TSLA | B | 1.22% | |
| JHG | B | 1.21% | |
| NTNX | B | 1.16% | |
| HD | B | 1.13% | |
| BMY | B | 1.11% | |
| NTRS | A | 1.08% | |
| GILD | C | 1.07% | |
| SNEX | B | 1.06% | |
| PLTR | B | 1.02% | |
| LNG | A | 0.97% | |
| SEIC | B | 0.95% | |
| HALO | F | 0.9% | |
| AMRX | C | 0.9% | |
| BFH | C | 0.88% | |
| COR | B | 0.86% | |
| CAH | B | 0.86% | |
| PPC | C | 0.85% | |
| 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% | |
| 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% | |
| UTHR | C | 0.73% | |
| PNC | B | 0.72% | |
| ABBV | F | 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% | |
| TMUS | B | 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% | |
| FFIV | B | 0.6% | |
| FTDR | B | 0.58% | |
| AMG | B | 0.58% | |
| LDOS | C | 0.55% | |
| VST | A | 0.55% | |
| GLW | B | 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% | |
| BKNG | A | 0.44% | |
| 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% | |
| CF | A | 0.37% | |
| GRMN | B | 0.37% | |
| OUT | A | 0.36% | |
| EQR | C | 0.35% | |
| CDP | C | 0.34% | |
| RGLD | C | 0.32% | |
| PTON | A | 0.31% | |
| LAMR | C | 0.31% | |
| J | D | 0.31% | |
| MPWR | F | 0.3% | |
| VLO | C | 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% | |
| EEFT | B | 0.22% | |
| FLR | B | 0.21% | |
| MUSA | B | 0.2% | |
| ABM | B | 0.19% | |
| BAH | F | 0.18% | |
| NTRA | A | 0.17% | |
| BOX | B | 0.17% | |
| EXPD | C | 0.14% | |
| FN | C | 0.13% | |
| VCTR | B | 0.12% | |
| VCYT | B | 0.12% | |
| CDE | C | 0.11% | |
| AEIS | C | 0.07% | |
| HQY | A | 0.07% | |
| QQQ | B | 0.0% | |
| LNTH | D | 0.0% | |
| LRCX | F | 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% | |
| 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% | |
| 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% | |
| 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% | |
| BHF | C | -0.16% | |
| XPO | B | -0.16% | |
| OSK | C | -0.16% | |
| LGIH | F | -0.16% | |
| DAR | C | -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% | |
| 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% | |
| AL | B | -0.18% | |
| BRKR | D | -0.18% | |
| WAL | B | -0.19% | |
| AIR | B | -0.19% | |
| KNSL | B | -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% | |
| 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% | |
| LW | C | -0.25% | |
| KEY | B | -0.25% | |
| 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% | |
| MNST | C | -0.28% | |
| SOFI | B | -0.28% | |
| ESTC | C | -0.29% | |
| MDB | B | -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% | |
| ABNB | C | -0.34% | |
| INSP | D | -0.34% | |
| APO | B | -0.35% | |
| AFRM | A | -0.35% | |
| CACC | D | -0.36% | |
| COHR | B | -0.36% | |
| BBIO | F | -0.36% | |
| ON | D | -0.39% | |
| BA | F | -0.4% | |
| RBLX | C | -0.41% | |
| PINS | F | -0.41% | |
| TTWO | A | -0.43% | |
| SNPS | B | -0.44% | |
| ALGM | D | -0.45% | |
| DV | C | -0.45% | |
| CGNX | D | -0.45% | |
| GE | D | -0.46% | |
| CDNS | B | -0.46% | |
| SMCI | F | -0.47% | |
| RH | C | -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% | |
| WST | C | -0.59% | |
| LITE | B | -0.6% | |
| POOL | C | -0.61% | |
| MCHP | F | -0.63% | |
| DXCM | C | -0.63% | |
| LSCC | D | -0.7% | |
| ROP | B | -0.7% | |
| TXN | C | -0.81% | |
| FSLR | F | -1.26% |
CLSE Underweight 142 Positions Relative to NXTV
| Symbol | Grade | Weight | |
|---|---|---|---|
| CMCSA | B | -5.48% | |
| VZ | C | -4.68% | |
| PFE | F | -4.63% | |
| HPQ | B | -1.47% | |
| FDX | B | -1.15% | |
| EBAY | D | -1.1% | |
| COF | C | -0.96% | |
| ZM | C | -0.96% | |
| BBY | D | -0.91% | |
| GFS | C | -0.91% | |
| VICI | C | -0.85% | |
| TRV | B | -0.83% | |
| BIIB | F | -0.78% | |
| SNAP | D | -0.75% | |
| AIG | B | -0.75% | |
| F | C | -0.72% | |
| DD | C | -0.69% | |
| NUE | C | -0.67% | |
| ZBH | C | -0.64% | |
| KHC | F | -0.62% | |
| CTVA | C | -0.62% | |
| LEN | D | -0.6% | |
| SYY | D | -0.57% | |
| TWLO | A | -0.55% | |
| HUM | C | -0.55% | |
| JNPR | D | -0.54% | |
| BAX | F | -0.53% | |
| D | C | -0.5% | |
| ACI | C | -0.49% | |
| TPR | B | -0.48% | |
| IP | A | -0.47% | |
| PCG | A | -0.46% | |
| LBRDK | C | -0.46% | |
| CTRA | B | -0.45% | |
| SNX | D | -0.42% | |
| VTRS | A | -0.42% | |
| ADM | D | -0.4% | |
| PPG | F | -0.39% | |
| UAL | A | -0.39% | |
| MRO | B | -0.39% | |
| RS | B | -0.38% | |
| EXC | C | -0.38% | |
| FYBR | C | -0.37% | |
| GAP | C | -0.37% | |
| CIEN | C | -0.36% | |
| ED | C | -0.36% | |
| SOLV | D | -0.35% | |
| FLEX | B | -0.35% | |
| WRB | A | -0.34% | |
| DBX | B | -0.34% | |
| LUV | C | -0.34% | |
| ETR | B | -0.32% | |
| PATH | C | -0.31% | |
| LEVI | F | -0.3% | |
| CFG | B | -0.3% | |
| PFG | D | -0.29% | |
| CRBG | B | -0.29% | |
| PEGA | B | -0.29% | |
| GPC | D | -0.28% | |
| ARE | F | -0.28% | |
| SWK | D | -0.28% | |
| EXEL | B | -0.27% | |
| OVV | B | -0.27% | |
| HSIC | C | -0.27% | |
| L | A | -0.27% | |
| DDS | B | -0.27% | |
| AMKR | D | -0.26% | |
| TXT | D | -0.26% | |
| BIO | C | -0.26% | |
| EG | C | -0.24% | |
| BLDR | D | -0.24% | |
| PPL | A | -0.24% | |
| FNF | B | -0.24% | |
| WCC | B | -0.23% | |
| VFC | C | -0.23% | |
| NSIT | F | -0.23% | |
| LUMN | C | -0.23% | |
| PFGC | B | -0.22% | |
| USM | B | -0.22% | |
| SNA | A | -0.22% | |
| EQH | C | -0.22% | |
| AIT | B | -0.22% | |
| KD | B | -0.22% | |
| RPM | A | -0.21% | |
| CPB | D | -0.21% | |
| W | D | -0.21% | |
| ROKU | D | -0.21% | |
| M | F | -0.2% | |
| JEF | A | -0.2% | |
| ELAN | D | -0.2% | |
| CLVT | D | -0.2% | |
| ALLY | C | -0.2% | |
| KMX | B | -0.2% | |
| PAG | B | -0.19% | |
| AR | B | -0.19% | |
| RHI | C | -0.18% | |
| UPST | B | -0.18% | |
| BG | D | -0.18% | |
| UNM | A | -0.18% | |
| DINO | D | -0.18% | |
| COKE | C | -0.17% | |
| ARW | D | -0.17% | |
| AEO | F | -0.17% | |
| IAC | F | -0.17% | |
| JWN | D | -0.17% | |
| TAP | C | -0.17% | |
| ADTN | A | -0.17% | |
| FLS | B | -0.17% | |
| SIG | B | -0.16% | |
| AIZ | A | -0.16% | |
| BWA | D | -0.16% | |
| NI | A | -0.16% | |
| NOV | C | -0.16% | |
| PVH | C | -0.16% | |
| WHR | B | -0.16% | |
| WFRD | D | -0.15% | |
| X | B | -0.15% | |
| CLF | F | -0.15% | |
| LAD | A | -0.15% | |
| GL | C | -0.15% | |
| DXC | B | -0.15% | |
| URBN | C | -0.15% | |
| ASO | F | -0.15% | |
| FRSH | B | -0.15% | |
| SANM | B | -0.15% | |
| XRAY | F | -0.14% | |
| SLAB | F | -0.14% | |
| EVRG | A | -0.14% | |
| ORI | A | -0.14% | |
| AGR | A | -0.14% | |
| FHN | A | -0.14% | |
| CIVI | D | -0.13% | |
| INGR | C | -0.13% | |
| CXT | C | -0.13% | |
| SON | F | -0.13% | |
| MUR | D | -0.12% | |
| ALKS | C | -0.12% | |
| CPRI | F | -0.1% | |
| LCID | F | -0.09% | |
| MGM | D | -0.08% | |
| BYD | B | -0.05% | |
| DLB | B | -0.05% |
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Banks - Regional - US
Semiconductors
Asset Management
Diagnostics & Research
Engineering & Construction
Software - Infrastructure
Insurance - Property & Casualty
Building Materials
Internet Content & Information
Business Services
Capital Markets
Communication Equipment
Credit Services
Diversified Industrials
Information Technology Services
Leisure
Medical Devices
Oil & Gas E&P
NXTV: Top Represented Industries & Keywords
Industries:
Insurance - Property & Casualty
Oil & Gas E&P
Software - Application
Telecom Services
Biotechnology
Communication Equipment
Insurance - Life
Specialty Retail
Utilities - Regulated Electric
Apparel Manufacturing
Auto Manufacturers
Information Technology Services
Insurance - Diversified
Semiconductors
Utilities - Diversified
Apparel Stores
Asset Management
Auto & Truck Dealerships
Banks - Regional - US
Credit Services
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