CLSE vs. QWLD ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR MSCI World Quality Mix ETF (QWLD)
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

$22.02

Average Daily Volume

50,834

Number of Holdings *

325

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

SPDR MSCI World Quality Mix ETF

QWLD Description The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.67

Average Daily Volume

4,311

Number of Holdings *

605

* may have additional holdings in another (foreign) market
Performance
Period CLSE QWLD
30 Days 1.80% 1.25%
60 Days 5.28% 5.04%
90 Days 2.71% 6.95%
12 Months 36.41% 28.57%
153 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in QWLD Overlap
AAPL C 2.17% 2.55% 2.17%
ABBV B 1.03% 0.15% 0.15%
ABBV B 1.03% 0.4% 0.4%
ADBE F -0.37% 0.44% -0.37%
AEE B -0.04% 0.08% -0.04%
AES C -0.08% 0.01% -0.08%
AGCO D -0.21% 0.01% -0.21%
AJG D -0.21% 0.18% -0.21%
ALB D -0.26% 0.01% -0.26%
AMGN D 0.55% 0.19% 0.19%
AMZN C 2.44% 0.35% 0.35%
ANET C 1.87% 0.19% 0.19%
APD B -0.2% 0.03% -0.2%
APP C 1.96% 0.0% 0.0%
AVGO C 2.6% 0.12% 0.12%
BA F -0.38% 0.01% -0.38%
BAC D 0.82% 0.33% 0.33%
BG F 0.72% 0.03% 0.03%
BIO C -0.25% 0.0% -0.25%
BKNG B 0.26% 0.02% 0.02%
BMY C 0.5% 0.19% 0.19%
C C -0.42% 0.22% -0.42%
CAH C 0.6% 0.12% 0.12%
CAT B 0.34% 0.35% 0.34%
CCL C 0.25% 0.01% 0.01%
CFG D 0.57% 0.03% 0.03%
CG C -0.16% 0.01% -0.16%
CHK C -0.16% 0.02% -0.16%
CHRW B 0.63% 0.01% 0.01%
CINF C -0.2% 0.02% -0.2%
CNC D 0.73% 0.06% 0.06%
CNH C -0.19% 0.01% -0.19%
CSCO B -0.23% 0.92% -0.23%
CVX F 0.52% 0.29% 0.29%
D C -0.32% 0.06% -0.32%
DAY D -0.15% 0.0% -0.15%
DLTR F -0.29% 0.01% -0.29%
DOCU C 1.21% 0.0% 0.0%
DVA B 0.84% 0.01% 0.01%
DVN F 0.58% 0.03% 0.03%
DXCM F -0.24% 0.0% -0.24%
EL D -0.21% 0.01% -0.21%
EME B 0.84% 0.04% 0.04%
ENPH D -0.36% 0.03% -0.36%
EQR C 0.43% 0.01% 0.01%
EQT C -0.26% 0.01% -0.26%
EXAS D -0.35% 0.0% -0.35%
EXPE C 0.5% 0.01% 0.01%
EXR C -0.15% 0.01% -0.15%
FCNCA D -0.2% 0.1% -0.2%
FCX C 0.39% 0.03% 0.03%
FDS C -0.3% 0.03% -0.3%
FDX D 0.52% 0.06% 0.06%
FITB B 0.62% 0.03% 0.03%
GDDY C 1.55% 0.21% 0.21%
GE C -0.29% 0.33% -0.29%
GILD B 0.93% 0.23% 0.23%
GLW B 0.33% 0.02% 0.02%
GM C 0.56% 0.15% 0.15%
GOOG D 1.25% 0.87% 0.87%
GOOGL D 3.05% 0.99% 0.99%
GRMN D 0.09% 0.04% 0.04%
HD B 1.18% 0.14% 0.14%
HPE C 1.63% 0.03% 0.03%
HSY D -0.28% 0.18% -0.28%
IBM B 1.71% 0.49% 0.49%
ILMN D -0.16% 0.0% -0.16%
INTC D -0.89% 0.09% -0.89%
J A 0.36% 0.01% 0.01%
JNJ C 0.96% 1.15% 0.96%
JPM D 0.6% 0.52% 0.52%
KLAC D 0.46% 0.18% 0.18%
KMB C 0.39% 0.12% 0.12%
KR B 0.17% 0.3% 0.17%
LDOS A 0.4% 0.01% 0.01%
LKQ F -0.2% 0.01% -0.2%
LMT A 0.53% 0.45% 0.45%
LPLA D -0.35% 0.03% -0.35%
LUV C -0.21% 0.0% -0.21%
LVS C -0.31% 0.0% -0.31%
LW D -0.29% 0.0% -0.29%
LYV A -0.37% 0.0% -0.37%
MCHP D -0.51% 0.07% -0.51%
MCK F 0.45% 0.47% 0.45%
MET B 0.55% 0.05% 0.05%
META B 3.19% 2.11% 2.11%
MKTX D -0.36% 0.02% -0.36%
MNST D -0.33% 0.06% -0.33%
MO C 0.77% 0.04% 0.04%
MPC F 0.74% 0.18% 0.18%
MRK F 0.54% 0.5% 0.5%
MRNA F -0.33% 0.01% -0.33%
MRO D 0.41% 0.02% 0.02%
MSFT C 1.12% 2.36% 1.12%
MU D 0.97% 0.04% 0.04%
NDAQ C -0.35% 0.01% -0.35%
NEE B 0.55% 0.06% 0.06%
NEM C 0.53% 0.05% 0.05%
NFLX B 0.31% 0.46% 0.31%
NRG B 0.56% 0.01% 0.01%
NTAP D 1.88% 0.04% 0.04%
NTRS C 0.98% 0.01% 0.01%
NVDA C 3.93% 2.04% 2.04%
NVR B 0.31% 0.07% 0.07%
OKE C -0.18% 0.03% -0.18%
ON D -0.34% 0.01% -0.34%
ORCL B 1.23% 0.23% 0.23%
PG C 0.72% 0.96% 0.72%
PGR C 0.54% 0.34% 0.34%
POOL C -0.57% 0.03% -0.57%
PSA C -0.31% 0.09% -0.31%
PYPL B 1.03% 0.04% 0.04%
QCOM D 2.6% 0.33% 0.33%
RBLX C -0.14% 0.0% -0.14%
RF B 0.59% 0.03% 0.03%
RIVN F -0.4% 0.0% -0.4%
RTX B 0.49% 0.09% 0.09%
SBUX C -0.22% 0.03% -0.22%
SEIC B 0.82% 0.01% 0.01%
SJM C -0.15% 0.08% -0.15%
SMCI F -0.58% 0.04% -0.58%
SPG B 0.4% 0.02% 0.02%
SRE B -0.32% 0.03% -0.32%
SW B -0.24% 0.02% -0.24%
SYF C 0.9% 0.03% 0.03%
T B 1.03% 0.36% 0.36%
TFC D -0.2% 0.08% -0.2%
TOST C -0.32% 0.0% -0.32%
TSLA C 0.58% 0.12% 0.12%
TSN D 0.57% 0.13% 0.13%
TTD B -0.2% 0.0% -0.2%
TTWO D -0.46% 0.01% -0.46%
TXN B -0.86% 0.48% -0.86%
UHAL B -0.17% 0.01% -0.17%
UHS C 0.82% 0.01% 0.01%
UNP D 0.59% 0.27% 0.27%
VLO F 0.8% 0.07% 0.07%
VMC C -0.12% 0.01% -0.12%
VRT C 0.51% 0.0% 0.0%
VST B 0.59% 0.01% 0.01%
VTRS D 0.31% 0.03% 0.03%
WAT B -0.26% 0.04% -0.26%
WBA F -0.22% 0.04% -0.22%
WBD D -0.43% 0.06% -0.43%
WDC C -0.6% 0.01% -0.6%
WFC D 0.57% 0.21% 0.21%
WMT B 1.95% 0.72% 0.72%
WTRG D -0.16% 0.01% -0.16%
WTW B -0.1% 0.07% -0.1%
WY C -0.16% 0.02% -0.16%
XOM D 0.59% 0.46% 0.46%
XYL C -0.23% 0.01% -0.23%
ZBRA B -0.38% 0.01% -0.38%
CLSE Overweight 173 Positions Relative to QWLD
Symbol Grade Weight
CVNA B 1.74%
CVLT B 1.64%
ACIW B 1.14%
HALO D 1.05%
SNEX C 1.03%
AMG C 1.02%
JHG B 0.99%
AVT B 0.92%
AMRX C 0.89%
OGN D 0.89%
THC C 0.85%
IDCC B 0.83%
NTNX D 0.8%
MLI B 0.77%
FTDR B 0.76%
UMBF C 0.73%
PPC D 0.73%
JXN B 0.69%
IIPR B 0.68%
GVA B 0.65%
STRL C 0.65%
OSCR D 0.6%
PATK C 0.58%
PRIM B 0.57%
SLVM C 0.56%
ADMA C 0.56%
MTZ C 0.56%
AVA B 0.55%
PNW C 0.55%
IESC B 0.54%
RGA C 0.54%
MWA B 0.54%
HRB C 0.51%
NSA C 0.49%
CNA D 0.49%
MUSA D 0.47%
LNTH D 0.47%
EEFT F 0.46%
ACT C 0.46%
REZI D 0.44%
LAMR B 0.43%
RGLD C 0.42%
SCCO C 0.4%
SAIC C 0.39%
KNF C 0.38%
CTRE C 0.36%
TOL A 0.35%
BCO B 0.34%
ABM D 0.34%
SM F 0.33%
ALSN B 0.33%
EXP B 0.33%
STAG D 0.33%
IBP C 0.33%
JLL B 0.3%
CPNG B 0.27%
ANF D 0.23%
MHO B 0.19%
NTRA C 0.15%
SPOT C 0.13%
ADUS C 0.12%
ALNY C 0.12%
QQQ B 0.0%
JOBY F -0.04%
BC C -0.05%
WOR F -0.05%
CAR D -0.06%
FOXF F -0.08%
ALIT D -0.08%
CZR C -0.09%
NXST D -0.09%
DRVN C -0.1%
VAC D -0.1%
HGV F -0.1%
AWR C -0.1%
MCW F -0.1%
HHH C -0.11%
ACVA C -0.11%
AGL F -0.11%
PGNY F -0.12%
AAL D -0.12%
VAL F -0.12%
COLD D -0.12%
VSAT F -0.12%
CC D -0.13%
LAD B -0.13%
PPBI D -0.14%
AA C -0.14%
VFC B -0.14%
PCH C -0.15%
MTN D -0.15%
PYCR D -0.15%
CHDN D -0.16%
CLDX F -0.16%
AESI D -0.16%
KRG C -0.16%
CIEN B -0.17%
CGON C -0.17%
WAL B -0.17%
GTLS F -0.18%
VNO B -0.18%
AVAV C -0.18%
UEC D -0.18%
HI F -0.18%
BEAM F -0.18%
ENOV F -0.18%
TXG D -0.18%
KNSL D -0.19%
BIRK F -0.2%
BANC C -0.2%
XPO D -0.2%
BE F -0.2%
WOLF F -0.2%
NTLA F -0.2%
COLB B -0.21%
RBA D -0.21%
IRTC F -0.21%
TMDX C -0.21%
SHC C -0.22%
TREX F -0.22%
GPOR C -0.22%
SOFI D -0.22%
IPAR D -0.23%
COTY D -0.23%
WTM F -0.23%
CNX B -0.24%
RNR B -0.24%
FLYW F -0.24%
AEIS D -0.24%
VSH F -0.25%
WSC D -0.25%
SUM D -0.25%
PTEN F -0.26%
SITE D -0.27%
APLS F -0.27%
AL C -0.27%
HASI C -0.27%
GMED D -0.28%
GT F -0.28%
VVV D -0.28%
CELH F -0.29%
INSP D -0.31%
PEN D -0.31%
NEOG D -0.32%
RVMD C -0.33%
EVTC D -0.33%
MARA D -0.33%
FOUR C -0.34%
IAC C -0.35%
ZI D -0.36%
BBIO F -0.36%
FIVN F -0.36%
AFRM D -0.36%
KLIC D -0.37%
RIOT F -0.39%
BRZE F -0.4%
PATH D -0.4%
CCOI C -0.44%
CGNX F -0.44%
GLOB D -0.45%
SATS C -0.46%
MDB D -0.47%
FIVE D -0.48%
DV F -0.49%
BILL D -0.49%
CFLT F -0.53%
RH C -0.56%
LBRDK C -0.58%
U D -0.63%
FND C -0.63%
LSCC D -0.65%
GFS F -0.67%
LITE B -0.73%
CLSE Underweight 452 Positions Relative to QWLD
Symbol Grade Weight
LLY D -1.39%
UNH C -1.29%
V C -1.11%
NVS C -0.88%
PEP D -0.83%
COST C -0.76%
BRK.A C -0.7%
MA B -0.67%
TMUS B -0.64%
KO B -0.64%
ACN C -0.62%
VZ A -0.6%
MSI B -0.58%
MMC C -0.51%
ROP C -0.49%
WM D -0.49%
SO B -0.47%
REGN D -0.44%
RSG D -0.44%
VRTX D -0.42%
MCD B -0.42%
APH C -0.4%
CB B -0.4%
GIS B -0.38%
DUK B -0.37%
ED B -0.37%
TJX C -0.34%
NOC B -0.34%
AMAT D -0.33%
UL B -0.3%
ACGL B -0.28%
TRV C -0.27%
ELV D -0.27%
AZO B -0.27%
WCN D -0.26%
CBOE C -0.25%
ADP C -0.24%
INTU D -0.24%
HON C -0.23%
ISRG C -0.23%
CL C -0.22%
KHC C -0.22%
ORLY B -0.22%
BLK B -0.22%
K A -0.22%
PFE D -0.21%
MFG D -0.2%
CTSH B -0.2%
LRCX D -0.2%
NKE D -0.19%
GD C -0.19%
CHKP B -0.19%
WEC B -0.19%
CI C -0.19%
CHD C -0.18%
KEYS B -0.17%
EA D -0.17%
CVS D -0.17%
HUM F -0.17%
WMB C -0.16%
ERIE B -0.16%
BAH B -0.16%
CMCSA C -0.16%
L D -0.16%
PANW D -0.16%
KDP B -0.16%
ZTS B -0.16%
MDLZ C -0.16%
FFIV B -0.15%
TGT C -0.15%
TM D -0.15%
CME B -0.15%
AON B -0.15%
PSX F -0.14%
TD C -0.14%
VRSN C -0.14%
SHW B -0.14%
YUM B -0.14%
UTHR B -0.14%
TT B -0.14%
GS B -0.14%
MMM B -0.14%
ITW B -0.13%
AKAM D -0.13%
DEO C -0.13%
JNPR A -0.13%
BRO C -0.13%
E D -0.13%
MCO C -0.13%
CTAS C -0.13%
CMG D -0.13%
WRB D -0.13%
SNPS F -0.12%
MKL C -0.12%
AFL A -0.12%
INCY C -0.12%
MUFG D -0.12%
DHI C -0.12%
CF B -0.12%
CDNS D -0.12%
CNI D -0.11%
NBIX F -0.11%
CSX C -0.11%
HRL F -0.1%
COP F -0.1%
PCAR D -0.1%
CPB C -0.1%
GWW B -0.1%
DGX B -0.1%
BCS B -0.1%
ADSK B -0.09%
IDXX D -0.09%
CDW D -0.09%
MS B -0.09%
FANG F -0.09%
SMFG D -0.09%
F F -0.09%
ABT C -0.09%
PAYX C -0.09%
STLA F -0.09%
LYG B -0.09%
LEN B -0.09%
AMP B -0.08%
KVUE B -0.08%
DIS D -0.08%
XEL B -0.08%
FAST C -0.08%
COF B -0.08%
ROL C -0.08%
SONY C -0.08%
AMCR B -0.08%
HMC D -0.08%
PNC C -0.08%
USB C -0.08%
CMI B -0.08%
TEL D -0.08%
AIG D -0.07%
A C -0.07%
PHM B -0.07%
ULTA D -0.07%
EW F -0.07%
MOH D -0.07%
TMO B -0.07%
ODFL D -0.07%
CPRT D -0.07%
PTC C -0.07%
LOW B -0.07%
AEP C -0.07%
AIZ B -0.07%
ALL C -0.07%
BDX D -0.07%
BMRN F -0.07%
DPZ D -0.06%
GPC D -0.06%
AXP B -0.06%
LULU D -0.06%
DHR B -0.06%
BBY A -0.06%
MDT B -0.06%
EG B -0.06%
LIN B -0.06%
MPWR B -0.06%
JKHY B -0.06%
UPS D -0.06%
DE A -0.06%
LOGI D -0.06%
PM C -0.06%
CHTR D -0.05%
CRM C -0.05%
MT C -0.05%
BK B -0.05%
TROW C -0.05%
LNG D -0.05%
BTI C -0.05%
CAG B -0.05%
PLD C -0.05%
VLTO B -0.05%
BLDR C -0.05%
CMS B -0.05%
DINO F -0.05%
TDY B -0.05%
ADM D -0.05%
TSCO B -0.05%
RMD C -0.05%
EOG D -0.05%
ROK D -0.05%
OXY F -0.04%
HUBB B -0.04%
SPGI C -0.04%
MTB C -0.04%
EXPD B -0.04%
MANH B -0.04%
ADI C -0.04%
BR C -0.04%
TPL C -0.04%
AMD C -0.04%
WDAY D -0.04%
HPQ C -0.04%
DOW C -0.04%
WSM C -0.04%
FICO B -0.04%
NUE D -0.04%
DOV B -0.04%
HCA B -0.04%
CTVA B -0.04%
OMC B -0.04%
DECK C -0.04%
PRU C -0.04%
VEEV C -0.04%
GGG C -0.03%
DKS D -0.03%
JBHT D -0.03%
EIX B -0.03%
CBRE B -0.03%
PNR B -0.03%
JCI B -0.03%
NSC C -0.03%
HBAN B -0.03%
ETN C -0.03%
AMT C -0.03%
SYY C -0.03%
LNT A -0.03%
AVY C -0.03%
APA F -0.03%
HIG B -0.03%
OC C -0.03%
ICE C -0.03%
SNA B -0.03%
LYB D -0.03%
SLB F -0.03%
SYK C -0.03%
SOLV D -0.03%
SWKS F -0.03%
KMI C -0.03%
WSO C -0.03%
CSL B -0.03%
STT B -0.03%
TER C -0.03%
PCG C -0.03%
PKG B -0.03%
SCHW D -0.03%
EXC B -0.03%
IT C -0.03%
TRGP C -0.03%
DFS C -0.03%
DRI C -0.03%
WST D -0.03%
NMR F -0.02%
ACI F -0.02%
HAL F -0.02%
BIIB F -0.02%
APTV D -0.02%
ES B -0.02%
PAYC D -0.02%
SWK B -0.02%
BAX C -0.02%
TTC F -0.02%
CCI C -0.02%
NXPI D -0.02%
OVV F -0.02%
MOS F -0.02%
DLR B -0.02%
FIS C -0.02%
GEHC B -0.02%
GEV B -0.02%
PH B -0.02%
DTE A -0.02%
AER C -0.02%
EPAM F -0.02%
ROST C -0.02%
CTRA F -0.02%
AOS B -0.02%
WELL C -0.02%
IP C -0.02%
AFG C -0.02%
PFG B -0.02%
CEG C -0.02%
BKR C -0.02%
STLD C -0.02%
KKR B -0.02%
GPN D -0.02%
NDSN C -0.02%
URI B -0.02%
VICI C -0.02%
KEY C -0.02%
PEG B -0.02%
CARR B -0.02%
BSX B -0.02%
DD B -0.02%
ETR A -0.02%
ALLE B -0.02%
BX C -0.02%
LHX C -0.02%
EMR D -0.02%
IEX C -0.02%
IPG C -0.02%
O B -0.02%
TRMB C -0.01%
MGM D -0.01%
ALGN D -0.01%
CTLT B -0.01%
OTEX D -0.01%
CPT C -0.01%
RPM B -0.01%
TFX B -0.01%
FOX B -0.01%
DAL C -0.01%
RPRX C -0.01%
NWSA D -0.01%
GLPI C -0.01%
SBAC C -0.01%
FTNT B -0.01%
HST D -0.01%
REG C -0.01%
CLX C -0.01%
HLT B -0.01%
BURL C -0.01%
TRU B -0.01%
IRM C -0.01%
FSLR C -0.01%
QRVO F -0.01%
STE B -0.01%
HWM B -0.01%
BEN F -0.01%
ZM C -0.01%
SUI C -0.01%
MBAVU D -0.01%
MAS B -0.01%
ACM B -0.01%
ESS C -0.01%
HSIC C -0.01%
INVH D -0.01%
STX B -0.01%
WPC C -0.01%
AVTR C -0.01%
CPAY B -0.01%
MKC C -0.01%
DOC B -0.01%
CCEP C -0.01%
HII F -0.01%
MAA C -0.01%
BXP C -0.01%
SE B -0.01%
EFX C -0.01%
MRVL D -0.01%
CCK B -0.01%
CHRD F -0.01%
IR B -0.01%
STZ C -0.01%
KNX C -0.01%
SSNC C -0.01%
ABNB D -0.01%
FTV C -0.01%
MLM D -0.01%
WFG B -0.01%
EQH C -0.01%
NI B -0.01%
VTR C -0.01%
KIM C -0.01%
ARE C -0.01%
BALL C -0.01%
OTIS B -0.01%
TDG B -0.01%
AWK C -0.01%
TXT D -0.01%
HOLX D -0.01%
EMN B -0.01%
MAR B -0.01%
PWR B -0.01%
DELL C -0.01%
AME C -0.01%
BSY C -0.01%
CNP C -0.01%
CRBG C -0.01%
FOXA B -0.01%
ZBH F -0.01%
TAP D -0.01%
FNF B -0.01%
WAB B -0.01%
HES F -0.01%
EBAY B -0.01%
ATO B -0.01%
EVRG B -0.01%
AVB C -0.01%
CE D -0.01%
APO B -0.01%
UBER C -0.01%
IFF A -0.01%
SQ D -0.01%
NOW C -0.01%
ALLY F -0.01%
ECL B -0.01%
IQV D -0.01%
PARA D -0.01%
PPL A -0.01%
FE B -0.01%
DG F -0.01%
EQIX B -0.01%
RJF C -0.01%
JBL C -0.01%
RS D -0.01%
KMX D -0.01%
PPG C -0.01%
MELI C -0.01%
GLBE C -0.0%
IOT C -0.0%
NET D -0.0%
XRX D -0.0%
DDOG D -0.0%
DKNG C -0.0%
SNAP D -0.0%
FUTU A -0.0%
MSTR C -0.0%
H B -0.0%
PSTG F -0.0%
HEI C -0.0%
GRAB B -0.0%
DT C -0.0%
PINS D -0.0%
SNOW F -0.0%
PODD C -0.0%
WYNN C -0.0%
HOOD C -0.0%
CRWD D -0.0%
ROKU D -0.0%
OKTA F -0.0%
TECH C -0.0%
TYL C -0.0%
LII C -0.0%
TW B -0.0%
PLTR C -0.0%
AXON B -0.0%
Z C -0.0%
ELS D -0.0%
HEI C -0.0%
ENTG D -0.0%
BBWI D -0.0%
MSCI C -0.0%
DASH B -0.0%
COIN F -0.0%
QGEN C -0.0%
WLK C -0.0%
RCL B -0.0%
MTCH C -0.0%
CRL F -0.0%
CSGP D -0.0%
ARES B -0.0%
ANSS D -0.0%
UDR C -0.0%
TWLO C -0.0%
VRSK D -0.0%
AMH D -0.0%
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