CLSE vs. PHDG ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)
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

65,624

Number of Holdings *

337

* may have additional holdings in another (foreign) market
PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.15

Average Daily Volume

12,398

Number of Holdings *

499

* may have additional holdings in another (foreign) market
Performance
Period CLSE PHDG
30 Days 4.18% -1.45%
60 Days 7.10% 1.30%
90 Days 9.38% 1.18%
12 Months 39.93% 18.05%
143 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in PHDG Overlap
AAPL C 0.83% 3.74% 0.83%
ABBV F 0.72% 0.32% 0.32%
ABNB C -0.34% 0.06% -0.34%
AES F -0.08% 0.01% -0.08%
AJG A -0.17% 0.07% -0.17%
ALB B -0.16% 0.01% -0.16%
ALL A 0.45% 0.06% 0.06%
AMZN C 2.53% 2.13% 2.13%
ANET C 1.83% 0.11% 0.11%
APA D 0.25% 0.01% 0.01%
APD A -0.15% 0.08% -0.15%
APH A 0.67% 0.09% 0.09%
APTV F -0.32% 0.02% -0.32%
ATO A -0.1% 0.02% -0.1%
AVGO D 2.28% 0.86% 0.86%
AWK C -0.26% 0.03% -0.26%
BA F -0.4% 0.11% -0.4%
BAC A 0.81% 0.33% 0.33%
BEN C -0.36% 0.01% -0.36%
BKNG A 0.44% 0.18% 0.18%
BLK B 0.65% 0.16% 0.16%
BMY B 1.11% 0.13% 0.13%
C A -0.19% 0.14% -0.19%
CAH B 0.86% 0.03% 0.03%
CCL A 0.35% 0.03% 0.03%
CDNS B -0.46% 0.09% -0.46%
CF A 0.37% 0.02% 0.02%
CHRW B 0.61% 0.01% 0.01%
CHTR C -0.48% 0.04% -0.48%
CINF A 0.12% 0.03% 0.03%
CNC D 0.31% 0.03% 0.03%
COR B 0.86% 0.05% 0.05%
CRL D -0.15% 0.01% -0.15%
CSCO B -0.52% 0.25% -0.52%
CVS D 0.29% 0.07% 0.07%
CZR F -0.15% 0.01% -0.15%
DAY B -0.14% 0.01% -0.14%
DELL B -0.25% 0.04% -0.25%
DG F -0.4% 0.02% -0.4%
DLR B -0.13% 0.06% -0.13%
DLTR F -0.41% 0.01% -0.41%
DVA C 0.78% 0.01% 0.01%
DXCM C -0.63% 0.03% -0.63%
EL F -0.12% 0.02% -0.12%
ENPH F -0.11% 0.01% -0.11%
EQIX A -0.14% 0.09% -0.14%
EQR C 0.35% 0.03% 0.03%
EQT B -0.23% 0.03% -0.23%
EW C -0.16% 0.04% -0.16%
EXPD C 0.14% 0.02% 0.02%
EXPE B 0.61% 0.02% 0.02%
EXR C -0.13% 0.04% -0.13%
FFIV B 0.6% 0.02% 0.02%
FITB B 0.78% 0.03% 0.03%
FOXA A 0.14% 0.01% 0.01%
FSLR F -1.26% 0.02% -1.26%
GDDY A 1.42% 0.03% 0.03%
GE D -0.46% 0.21% -0.46%
GEN B 0.68% 0.02% 0.02%
GILD C 1.07% 0.12% 0.12%
GLW B 0.52% 0.04% 0.04%
GM C 0.87% 0.07% 0.07%
GOOG C 0.49% 0.92% 0.49%
GOOGL C 3.47% 1.11% 1.11%
GRMN B 0.37% 0.03% 0.03%
HD B 1.13% 0.43% 0.43%
HPE B 1.92% 0.03% 0.03%
HSY F -0.24% 0.03% -0.24%
INCY C 0.07% 0.01% 0.01%
INTC C -0.93% 0.12% -0.93%
J D 0.31% 0.02% 0.02%
JNJ C 0.83% 0.39% 0.39%
JPM A 0.64% 0.74% 0.64%
KEY B -0.25% 0.02% -0.25%
KR B 0.17% 0.04% 0.04%
LDOS C 0.55% 0.02% 0.02%
LKQ F -0.17% 0.01% -0.17%
LRCX F 0.0% 0.11% 0.0%
LW C -0.25% 0.01% -0.25%
LYV A -0.3% 0.02% -0.3%
MCHP F -0.63% 0.04% -0.63%
MDT D 0.29% 0.12% 0.12%
MET A 0.52% 0.05% 0.05%
META D 3.3% 1.36% 1.36%
MKTX D -0.29% 0.01% -0.29%
MLM C -0.13% 0.04% -0.13%
MNST C -0.28% 0.04% -0.28%
MO A 0.79% 0.1% 0.1%
MPWR F 0.3% 0.03% 0.03%
MRNA F -0.47% 0.01% -0.47%
MSCI C -0.27% 0.05% -0.27%
MU D 2.13% 0.12% 0.12%
NDAQ A -0.3% 0.03% -0.3%
NEM D 0.22% 0.05% 0.05%
NFLX A 0.79% 0.39% 0.39%
NRG B 0.71% 0.02% 0.02%
NSC B -0.1% 0.06% -0.1%
NTAP C 1.0% 0.03% 0.03%
NTRS A 1.08% 0.02% 0.02%
NVDA B 4.61% 3.89% 3.89%
NVR D 0.24% 0.03% 0.03%
NWS A -0.57% 0.0% -0.57%
ON D -0.39% 0.03% -0.39%
ORCL A 1.33% 0.32% 0.32%
PG C 0.45% 0.42% 0.42%
PGR A 0.46% 0.16% 0.16%
PLTR B 1.02% 0.13% 0.13%
PNC B 0.72% 0.09% 0.09%
PNW A 0.48% 0.01% 0.01%
POOL C -0.61% 0.01% -0.61%
PRU A 0.13% 0.05% 0.05%
PSA C -0.23% 0.06% -0.23%
PYPL B 1.33% 0.09% 0.09%
QCOM F 1.73% 0.2% 0.2%
RF A 0.72% 0.03% 0.03%
RMD C 0.4% 0.04% 0.04%
ROP B -0.7% 0.07% -0.7%
SMCI F -0.47% 0.01% -0.47%
SNPS B -0.44% 0.09% -0.44%
SPG A 0.37% 0.06% 0.06%
SRE A -0.2% 0.06% -0.2%
STLD B -0.13% 0.02% -0.13%
SW A -0.17% 0.03% -0.17%
SYF B 1.11% 0.03% 0.03%
T A 0.29% 0.17% 0.17%
TMUS B 0.7% 0.13% 0.13%
TSLA B 1.22% 0.93% 0.93%
TSN B 0.6% 0.02% 0.02%
TTWO A -0.43% 0.03% -0.43%
TXN C -0.81% 0.2% -0.81%
UHS D 0.7% 0.01% 0.01%
UNP C 0.47% 0.15% 0.15%
VLO C 0.29% 0.05% 0.05%
VMC B -0.13% 0.04% -0.13%
VRTX D 0.23% 0.13% 0.13%
VST A 0.55% 0.05% 0.05%
WBD B -0.43% 0.02% -0.43%
WDC D -0.65% 0.02% -0.65%
WFC A 0.75% 0.27% 0.27%
WMT A 1.82% 0.4% 0.4%
WST C -0.59% 0.03% -0.59%
XYL D -0.23% 0.03% -0.23%
ZBRA B -0.34% 0.02% -0.34%
CLSE Overweight 194 Positions Relative to PHDG
Symbol Grade Weight
APP B 2.25%
CVNA B 1.85%
IDCC B 1.51%
CVLT B 1.4%
DOCU B 1.37%
ACIW B 1.3%
JHG B 1.21%
NTNX B 1.16%
SNEX B 1.06%
LNG A 0.97%
SEIC B 0.95%
HALO F 0.9%
AMRX C 0.9%
BFH C 0.88%
PPC C 0.85%
GVA A 0.84%
MLI B 0.84%
CARG B 0.83%
PRIM A 0.8%
THC D 0.78%
IESC C 0.77%
CPNG D 0.77%
EME A 0.75%
CNX A 0.74%
FTI A 0.74%
UTHR C 0.73%
STRL A 0.71%
ZION B 0.71%
CMA B 0.71%
CEIX A 0.7%
VRT B 0.68%
UMBF B 0.66%
ALSN B 0.66%
MTZ B 0.66%
AVT C 0.66%
MWA B 0.65%
FTDR B 0.58%
AMG B 0.58%
RGA A 0.55%
SLVM B 0.5%
UI B 0.49%
EXP B 0.48%
CACI D 0.48%
AVA A 0.47%
DUOL A 0.45%
LPX B 0.43%
CTRE C 0.42%
SCCO F 0.41%
JXN C 0.39%
SR A 0.38%
R B 0.38%
CNA C 0.37%
OUT A 0.36%
CDP C 0.34%
RGLD C 0.32%
PTON A 0.31%
LAMR C 0.31%
IIPR D 0.28%
MATX C 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%
NTRA A 0.17%
BOX B 0.17%
JAZZ B 0.16%
FN C 0.13%
VCTR B 0.12%
VCYT B 0.12%
CDE C 0.11%
ILMN C 0.1%
AEIS 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%
FLYW B -0.08%
GNTX C -0.09%
JBLU F -0.09%
MCW C -0.1%
ABG C -0.1%
ACVA B -0.11%
CGON F -0.11%
RBA A -0.12%
FL F -0.12%
PCH F -0.12%
AVAV C -0.13%
ALIT C -0.13%
BPOP C -0.14%
PYCR B -0.14%
REXR F -0.14%
ARWR D -0.14%
MKL A -0.14%
AA A -0.14%
COLD D -0.15%
GTLS A -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%
UHAL D -0.16%
AGO B -0.16%
SITE F -0.16%
TEX F -0.17%
TREX C -0.17%
MDGL B -0.17%
MASI 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%
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%
WTRG B -0.24%
ELF C -0.24%
IONS F -0.24%
GPOR B -0.24%
CELH F -0.24%
BILL A -0.26%
NEOG F -0.26%
AUR C -0.26%
VAL F -0.27%
FOUR A -0.27%
STNE F -0.27%
TEAM A -0.27%
PTEN C -0.27%
SOFI B -0.28%
ESTC C -0.29%
MDB B -0.29%
XP F -0.29%
CYTK F -0.3%
APLS F -0.3%
GTLB B -0.32%
VVV D -0.33%
CCOI B -0.33%
LPLA A -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%
SATS D -0.4%
RBLX C -0.41%
PINS F -0.41%
U C -0.41%
RIVN F -0.42%
ALGM D -0.45%
DV C -0.45%
CGNX D -0.45%
RH C -0.47%
CFLT B -0.47%
FND D -0.53%
BRZE C -0.56%
FIVE F -0.56%
LITE B -0.6%
LSCC D -0.7%
CLSE Underweight 356 Positions Relative to PHDG
Symbol Grade Weight
MSFT D -3.42%
BRK.A B -0.92%
LLY F -0.67%
UNH B -0.59%
XOM B -0.58%
V A -0.56%
MA B -0.46%
COST A -0.44%
CRM B -0.35%
CVX A -0.3%
MRK D -0.27%
KO D -0.26%
ADBE C -0.25%
AMD F -0.24%
PEP F -0.24%
ACN B -0.24%
MCD D -0.23%
NOW A -0.23%
LIN C -0.23%
ABT B -0.22%
TMO F -0.22%
ISRG A -0.21%
IBM C -0.21%
INTU B -0.21%
DIS B -0.21%
PM B -0.21%
GS A -0.2%
CAT B -0.2%
VZ C -0.19%
SPGI C -0.18%
MS A -0.18%
CMCSA B -0.18%
DHR F -0.17%
AMAT F -0.17%
LOW C -0.17%
NEE C -0.17%
RTX D -0.17%
AMGN F -0.17%
AXP A -0.17%
ETN A -0.16%
PFE F -0.16%
UBER F -0.16%
HON C -0.16%
TJX A -0.15%
PANW B -0.14%
BSX A -0.14%
BX A -0.14%
COP C -0.14%
SYK B -0.14%
SCHW B -0.13%
FI A -0.13%
ADP A -0.13%
CB C -0.12%
MMC B -0.12%
SBUX A -0.12%
LMT D -0.12%
DE B -0.11%
KKR A -0.11%
ADI D -0.11%
PLD F -0.11%
PH A -0.1%
GEV B -0.1%
ICE C -0.1%
SHW B -0.1%
CI D -0.1%
AMT C -0.1%
NKE F -0.1%
TT A -0.1%
ELV F -0.1%
SO C -0.1%
UPS C -0.1%
ZTS D -0.09%
MCK A -0.09%
CRWD B -0.09%
CME B -0.09%
WM B -0.09%
AON A -0.09%
CMG B -0.09%
MSI B -0.09%
REGN F -0.09%
DUK C -0.09%
KLAC F -0.09%
MDLZ F -0.09%
COF C -0.08%
CEG C -0.08%
TGT F -0.08%
ORLY B -0.08%
TDG D -0.08%
MMM D -0.08%
ITW B -0.08%
EMR B -0.08%
CTAS B -0.08%
CL D -0.08%
GD D -0.08%
MCO B -0.08%
EOG A -0.08%
WELL A -0.08%
USB A -0.08%
PCAR B -0.07%
HLT A -0.07%
SLB C -0.07%
TFC A -0.07%
FCX F -0.07%
ECL D -0.07%
CARR C -0.07%
OKE A -0.07%
HCA F -0.07%
BDX F -0.07%
MAR A -0.07%
FDX B -0.07%
ADSK A -0.07%
WMB A -0.07%
NOC D -0.07%
CSX C -0.07%
KMI A -0.06%
GWW B -0.06%
MPC D -0.06%
AZO C -0.06%
PSX C -0.06%
RCL A -0.06%
AMP A -0.06%
AFL B -0.06%
URI C -0.06%
FICO B -0.06%
JCI B -0.06%
NXPI D -0.06%
BK A -0.06%
TRV B -0.06%
FTNT C -0.06%
TRGP A -0.05%
ODFL C -0.05%
RSG A -0.05%
BKR A -0.05%
F C -0.05%
PEG A -0.05%
AXON A -0.05%
DFS B -0.05%
KMB C -0.05%
CCI C -0.05%
PCG A -0.05%
AME A -0.05%
KVUE A -0.05%
HWM A -0.05%
PAYX B -0.05%
FAST B -0.05%
LHX C -0.05%
D C -0.05%
ROST D -0.05%
PWR A -0.05%
DHI F -0.05%
FIS C -0.05%
AIG B -0.05%
O C -0.05%
AEP C -0.05%
CMI A -0.05%
CPRT B -0.05%
ROK C -0.04%
VICI C -0.04%
ED C -0.04%
IRM C -0.04%
HUM C -0.04%
OXY D -0.04%
HIG B -0.04%
FANG C -0.04%
WAB B -0.04%
DD C -0.04%
NUE C -0.04%
IDXX F -0.04%
IQV F -0.04%
MTB A -0.04%
HPQ B -0.04%
GIS D -0.04%
SYY D -0.04%
ACGL C -0.04%
KDP F -0.04%
GEHC D -0.04%
STZ D -0.04%
A D -0.04%
LULU C -0.04%
EXC C -0.04%
XEL A -0.04%
YUM D -0.04%
EA A -0.04%
CTVA C -0.04%
CBRE B -0.04%
OTIS C -0.04%
CTSH B -0.04%
HES B -0.04%
VRSK A -0.04%
LEN D -0.04%
IT C -0.04%
IR B -0.04%
DAL B -0.04%
SBAC D -0.03%
HUBB B -0.03%
AEE A -0.03%
BIIB F -0.03%
CDW F -0.03%
PPL A -0.03%
DVN F -0.03%
DTE C -0.03%
ADM D -0.03%
VLTO C -0.03%
HBAN A -0.03%
CPAY A -0.03%
BRO B -0.03%
TYL B -0.03%
VTR B -0.03%
MTD F -0.03%
CHD A -0.03%
FTV C -0.03%
BR A -0.03%
HAL C -0.03%
TROW B -0.03%
PHM D -0.03%
KEYS A -0.03%
DECK A -0.03%
DOV A -0.03%
KHC F -0.03%
STT B -0.03%
PPG F -0.03%
GPN B -0.03%
ANSS B -0.03%
RJF A -0.03%
TSCO D -0.03%
UAL A -0.03%
WEC A -0.03%
EBAY D -0.03%
CSGP D -0.03%
DOW F -0.03%
ETR B -0.03%
EIX B -0.03%
WTW B -0.03%
EFX F -0.03%
AVB B -0.03%
EPAM B -0.02%
NDSN B -0.02%
ROL B -0.02%
RVTY F -0.02%
EVRG A -0.02%
JBL C -0.02%
AMCR C -0.02%
JBHT C -0.02%
DOC C -0.02%
VTRS A -0.02%
L A -0.02%
LNT A -0.02%
DPZ C -0.02%
VRSN C -0.02%
ALGN D -0.02%
EG C -0.02%
TXT D -0.02%
MRO B -0.02%
AVY F -0.02%
NI A -0.02%
BAX F -0.02%
KIM A -0.02%
ARE F -0.02%
LVS B -0.02%
GPC D -0.02%
MAS D -0.02%
TRMB B -0.02%
TER F -0.02%
IEX C -0.02%
DGX A -0.02%
PNR A -0.02%
WRB A -0.02%
BBY D -0.02%
MOH F -0.02%
HOLX D -0.02%
ULTA F -0.02%
PODD C -0.02%
PFG D -0.02%
MAA B -0.02%
CTRA B -0.02%
BALL F -0.02%
SNA A -0.02%
MKC C -0.02%
FDS B -0.02%
INVH D -0.02%
ESS B -0.02%
LUV C -0.02%
CNP A -0.02%
IP A -0.02%
DRI B -0.02%
LH B -0.02%
CMS C -0.02%
STX C -0.02%
OMC C -0.02%
CLX A -0.02%
CBOE C -0.02%
CFG B -0.02%
FE C -0.02%
PKG A -0.02%
BLDR D -0.02%
LYB F -0.02%
K A -0.02%
STE D -0.02%
ES C -0.02%
ZBH C -0.02%
TDY B -0.02%
WAT C -0.02%
WY F -0.02%
IFF D -0.02%
PTC B -0.02%
FOX A -0.01%
QRVO F -0.01%
WBA F -0.01%
PARA C -0.01%
FMC D -0.01%
MHK D -0.01%
HII F -0.01%
BWA D -0.01%
IVZ B -0.01%
CE F -0.01%
MTCH D -0.01%
HAS D -0.01%
MOS F -0.01%
HSIC C -0.01%
RL C -0.01%
FRT B -0.01%
MGM D -0.01%
WYNN C -0.01%
AOS F -0.01%
CPB D -0.01%
HRL D -0.01%
TFX F -0.01%
SOLV D -0.01%
GL C -0.01%
ERIE D -0.01%
CTLT C -0.01%
IPG D -0.01%
PAYC B -0.01%
TAP C -0.01%
NWSA A -0.01%
AIZ A -0.01%
GNRC C -0.01%
TECH F -0.01%
BXP C -0.01%
NCLH B -0.01%
SJM D -0.01%
EMN C -0.01%
REG A -0.01%
KMX B -0.01%
HST C -0.01%
ALLE C -0.01%
BG D -0.01%
JKHY D -0.01%
JNPR D -0.01%
CPT B -0.01%
CAG F -0.01%
SWK D -0.01%
TPR B -0.01%
UDR B -0.01%
AKAM D -0.01%
SWKS F -0.01%
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