CLSE vs. SCHJ ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to HCM Defender 500 Index ETF (SCHJ)

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

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$24.44

Average Daily Volume

89,713

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SCHJ
30 Days	4.18%	-0.15%
60 Days	7.10%	-0.88%
90 Days	9.38%	0.18%
12 Months	39.93%	6.69%

100 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SCHJ	Overlap
AAPL	C	0.83%	0.04%	0.04%
ABBV	F	0.72%	0.03%	0.03%
AES	F	-0.08%	0.0%	-0.08%
AGO	B	-0.16%	0.02%	-0.16%
AL	B	-0.18%	0.02%	-0.18%
ALB	B	-0.16%	0.01%	-0.16%
ALL	A	0.45%	0.03%	0.03%
AMG	B	0.58%	0.01%	0.01%
AMZN	C	2.53%	0.04%	0.04%
APD	A	-0.15%	0.02%	-0.15%
APH	A	0.67%	0.0%	0.0%
APTV	F	-0.32%	0.01%	-0.32%
ATO	A	-0.1%	0.05%	-0.1%
AVGO	D	2.28%	0.02%	0.02%
AVT	C	0.66%	0.03%	0.03%
AWK	C	-0.26%	0.02%	-0.26%
BA	F	-0.4%	0.01%	-0.4%
BAC	A	0.81%	0.03%	0.03%
BC	C	-0.08%	0.03%	-0.08%
BEN	C	-0.36%	0.01%	-0.36%
BKNG	A	0.44%	0.02%	0.02%
BLK	B	0.65%	0.07%	0.07%
BMY	B	1.11%	0.02%	0.02%
C	A	-0.19%	0.03%	-0.19%
CAH	B	0.86%	0.02%	0.02%
CF	A	0.37%	0.02%	0.02%
CHTR	C	-0.48%	0.06%	-0.48%
CMA	B	0.71%	0.04%	0.04%
CNA	C	0.37%	0.02%	0.02%
CNH	C	-0.18%	0.02%	-0.18%
CSCO	B	-0.52%	0.03%	-0.52%
CVS	D	0.29%	0.01%	0.01%
DELL	B	-0.25%	0.04%	-0.25%
DG	F	-0.4%	0.03%	-0.4%
DLR	B	-0.13%	0.03%	-0.13%
DLTR	F	-0.41%	0.05%	-0.41%
EL	F	-0.12%	0.02%	-0.12%
EQIX	A	-0.14%	0.02%	-0.14%
EQR	C	0.35%	0.03%	0.03%
EXPE	B	0.61%	0.02%	0.02%
FCNCA	A	-0.35%	0.0%	-0.35%
FITB	B	0.78%	0.01%	0.01%
FOXA	A	0.14%	0.04%	0.04%
GE	D	-0.46%	0.03%	-0.46%
GILD	C	1.07%	0.07%	0.07%
GM	C	0.87%	0.01%	0.01%
GOOGL	C	3.47%	0.03%	0.03%
HD	B	1.13%	0.01%	0.01%
HPE	B	1.92%	0.03%	0.03%
HSY	F	-0.24%	0.01%	-0.24%
ILMN	C	0.1%	0.02%	0.02%
INTC	C	-0.93%	0.02%	-0.93%
JHG	B	1.21%	0.03%	0.03%
JNJ	C	0.83%	0.02%	0.02%
JPM	A	0.64%	0.02%	0.02%
KEY	B	-0.25%	0.03%	-0.25%
KR	B	0.17%	0.02%	0.02%
LDOS	C	0.55%	0.03%	0.03%
LRCX	F	0.0%	0.01%	0.0%
MCHP	F	-0.63%	0.05%	-0.63%
MDT	D	0.29%	0.1%	0.1%
MET	A	0.52%	0.02%	0.02%
MLM	C	-0.13%	0.04%	-0.13%
MO	A	0.79%	0.02%	0.02%
MU	D	2.13%	0.03%	0.03%
NDAQ	A	-0.3%	0.02%	-0.3%
NEM	D	0.22%	0.01%	0.01%
NSC	B	-0.1%	0.0%	-0.1%
NTAP	C	1.0%	0.02%	0.02%
NTRS	A	1.08%	0.04%	0.04%
NVDA	B	4.61%	0.03%	0.03%
ORCL	A	1.33%	0.06%	0.06%
PG	C	0.45%	0.02%	0.02%
PNC	B	0.72%	0.02%	0.02%
PNW	A	0.48%	0.02%	0.02%
PRU	A	0.13%	0.01%	0.01%
PSA	C	-0.23%	0.01%	-0.23%
PYPL	B	1.33%	0.03%	0.03%
QCOM	F	1.73%	0.02%	0.02%
R	B	0.38%	0.02%	0.02%
RF	A	0.72%	0.05%	0.05%
RGA	A	0.55%	0.02%	0.02%
RNR	C	-0.15%	0.02%	-0.15%
ROP	B	-0.7%	0.01%	-0.7%
SCCO	F	0.41%	0.0%	0.0%
SPG	A	0.37%	0.02%	0.02%
SRE	A	-0.2%	0.02%	-0.2%
STLD	B	-0.13%	0.02%	-0.13%
SYF	B	1.11%	0.05%	0.05%
T	A	0.29%	0.01%	0.01%
TMUS	B	0.7%	0.06%	0.06%
TSN	B	0.6%	0.02%	0.02%
TXN	C	-0.81%	0.0%	-0.81%
UHS	D	0.7%	0.04%	0.04%
UNP	C	0.47%	0.0%	0.0%
VLO	C	0.29%	0.03%	0.03%
VMC	B	-0.13%	0.03%	-0.13%
WAL	B	-0.19%	0.02%	-0.19%
WFC	A	0.75%	0.02%	0.02%
WMT	A	1.82%	0.03%	0.03%

CLSE Overweight 237 Positions Relative to SCHJ

Symbol	Grade	Weight
META	D	3.3%
APP	B	2.25%
CVNA	B	1.85%
ANET	C	1.83%
IDCC	B	1.51%
GDDY	A	1.42%
CVLT	B	1.4%
DOCU	B	1.37%
ACIW	B	1.3%
TSLA	B	1.22%
NTNX	B	1.16%
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%
PPC	C	0.85%
GVA	A	0.84%
MLI	B	0.84%
CARG	B	0.83%
PRIM	A	0.8%
NFLX	A	0.79%
THC	D	0.78%
DVA	C	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%
NRG	B	0.71%
CEIX	A	0.7%
GEN	B	0.68%
VRT	B	0.68%
UMBF	B	0.66%
ALSN	B	0.66%
MTZ	B	0.66%
MWA	B	0.65%
CHRW	B	0.61%
FFIV	B	0.6%
FTDR	B	0.58%
VST	A	0.55%
GLW	B	0.52%
SLVM	B	0.5%
GOOG	C	0.49%
UI	B	0.49%
EXP	B	0.48%
CACI	D	0.48%
AVA	A	0.47%
PGR	A	0.46%
DUOL	A	0.45%
LPX	B	0.43%
CTRE	C	0.42%
RMD	C	0.4%
JXN	C	0.39%
SR	A	0.38%
GRMN	B	0.37%
OUT	A	0.36%
CCL	A	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	A	0.31%
LAMR	C	0.31%
J	D	0.31%
MPWR	F	0.3%
IIPR	D	0.28%
APA	D	0.25%
NVR	D	0.24%
VRTX	D	0.23%
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%
EXPD	C	0.14%
FN	C	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%
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%
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%
ENPH	F	-0.11%
CGON	F	-0.11%
RBA	A	-0.12%
FL	F	-0.12%
PCH	F	-0.12%
EXR	C	-0.13%
AVAV	C	-0.13%
ALIT	C	-0.13%
BPOP	C	-0.14%
PYCR	B	-0.14%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	D	-0.14%
MKL	A	-0.14%
AA	A	-0.14%
CZR	F	-0.15%
COLD	D	-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%
EW	C	-0.16%
SITE	F	-0.16%
SW	A	-0.17%
TEX	F	-0.17%
TREX	C	-0.17%
MDGL	B	-0.17%
LKQ	F	-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%
COTY	F	-0.18%
BRKR	D	-0.18%
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%
EQT	B	-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%
LW	C	-0.25%
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%
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%
APLS	F	-0.3%
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%
ZI	D	-0.36%
ON	D	-0.39%
SATS	D	-0.4%
RBLX	C	-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%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	D	-0.45%
CDNS	B	-0.46%
MRNA	F	-0.47%
SMCI	F	-0.47%
RH	C	-0.47%
CFLT	B	-0.47%
FND	D	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	A	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
DXCM	C	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
FSLR	F	-1.26%

CLSE Underweight 336 Positions Relative to SCHJ

Symbol	Grade	Weight
HPQ	B	-0.1%
CARR	C	-0.1%
BIIB	F	-0.1%
COP	C	-0.09%
BABA	D	-0.09%
DD	C	-0.09%
V	A	-0.09%
TAP	C	-0.08%
OTIS	C	-0.07%
KLAC	F	-0.07%
CME	B	-0.07%
STLA	F	-0.07%
NI	A	-0.06%
WBA	F	-0.06%
ETN	A	-0.05%
KO	D	-0.05%
SJM	D	-0.05%
EMN	C	-0.05%
ADP	A	-0.05%
SF	B	-0.05%
HRL	D	-0.05%
VRSK	A	-0.05%
TGT	F	-0.05%
BDX	F	-0.05%
BERY	C	-0.05%
MRK	D	-0.05%
GS	A	-0.05%
MSFT	D	-0.05%
ITW	B	-0.04%
SPGI	C	-0.04%
DXC	B	-0.04%
AMAT	F	-0.04%
BHP	F	-0.04%
PPL	A	-0.04%
FDX	B	-0.04%
WLK	D	-0.04%
JBHT	C	-0.04%
DOW	F	-0.04%
VFC	C	-0.04%
PH	A	-0.04%
MA	B	-0.04%
HON	C	-0.04%
MOS	F	-0.04%
RPRX	D	-0.04%
JEF	A	-0.04%
GSK	F	-0.04%
NOC	D	-0.04%
LUV	C	-0.04%
DIS	B	-0.04%
SBUX	A	-0.04%
AXP	A	-0.04%
HCA	F	-0.04%
AIG	B	-0.04%
AMCR	C	-0.03%
TPR	B	-0.03%
FAF	A	-0.03%
KEYS	A	-0.03%
HP	C	-0.03%
THG	A	-0.03%
EA	A	-0.03%
BWA	D	-0.03%
PHM	D	-0.03%
IFF	D	-0.03%
SWKS	F	-0.03%
EMR	B	-0.03%
KMPR	A	-0.03%
HAS	D	-0.03%
CLX	A	-0.03%
MAIN	A	-0.03%
TEL	B	-0.03%
RL	C	-0.03%
GP	F	-0.03%
ORI	A	-0.03%
TME	D	-0.03%
GWW	B	-0.03%
FTNT	C	-0.03%
LII	A	-0.03%
JBL	C	-0.03%
ED	C	-0.03%
SNX	D	-0.03%
AN	C	-0.03%
MHK	D	-0.03%
WB	D	-0.03%
BAX	F	-0.03%
CE	F	-0.03%
FRT	B	-0.03%
OPI	F	-0.03%
FTV	C	-0.03%
JD	D	-0.03%
MSI	B	-0.03%
AWH	F	-0.03%
JCI	B	-0.03%
IP	A	-0.03%
PVH	C	-0.03%
VNT	C	-0.03%
BKU	A	-0.03%
VRSN	C	-0.03%
CNO	B	-0.03%
SWK	D	-0.03%
LHX	C	-0.03%
MKC	C	-0.03%
DGX	A	-0.03%
FANG	C	-0.03%
EBAY	D	-0.03%
EVRG	A	-0.03%
ALLY	C	-0.03%
MDLZ	F	-0.03%
HAL	C	-0.03%
TT	A	-0.03%
MPC	D	-0.03%
TMO	F	-0.03%
WMB	A	-0.03%
LVS	B	-0.03%
EPD	A	-0.03%
EXC	C	-0.03%
FIS	C	-0.03%
PFE	F	-0.03%
ARCC	A	-0.03%
BIDU	F	-0.03%
USB	A	-0.03%
IBM	C	-0.03%
XOM	B	-0.03%
HSBC	A	-0.03%
MS	A	-0.03%
TSLX	C	-0.02%
TCPC	C	-0.02%
FNB	A	-0.02%
VLY	B	-0.02%
SNV	C	-0.02%
ALLE	C	-0.02%
ADI	D	-0.02%
AIZ	A	-0.02%
DOV	A	-0.02%
LEG	F	-0.02%
KSS	F	-0.02%
SBRA	C	-0.02%
OCSL	F	-0.02%
EQH	C	-0.02%
GXO	B	-0.02%
HTGC	D	-0.02%
NEU	D	-0.02%
BCSF	C	-0.02%
CTVA	C	-0.02%
PSEC	D	-0.02%
HES	B	-0.02%
TRMB	B	-0.02%
ADM	D	-0.02%
KRC	B	-0.02%
TKR	D	-0.02%
OC	A	-0.02%
ADSK	A	-0.02%
JNPR	D	-0.02%
RS	B	-0.02%
G	B	-0.02%
HRB	D	-0.02%
RPM	A	-0.02%
GBDC	D	-0.02%
FHN	A	-0.02%
DAL	B	-0.02%
LLY	F	-0.02%
LNC	C	-0.02%
LNT	A	-0.02%
HOG	D	-0.02%
UNM	A	-0.02%
PKG	A	-0.02%
HUBB	B	-0.02%
LAZ	B	-0.02%
BR	A	-0.02%
GSBD	F	-0.02%
TDY	B	-0.02%
BKH	A	-0.02%
VOYA	B	-0.02%
SLG	B	-0.02%
PFG	D	-0.02%
NUE	C	-0.02%
WPC	C	-0.02%
WM	B	-0.02%
MRVL	B	-0.02%
ROK	C	-0.02%
INTU	B	-0.02%
BG	D	-0.02%
L	A	-0.02%
SHW	B	-0.02%
AON	A	-0.02%
KMB	C	-0.02%
A	D	-0.02%
HII	F	-0.02%
MCO	B	-0.02%
LYB	F	-0.02%
H	B	-0.02%
ARE	F	-0.02%
DHI	F	-0.02%
CNP	A	-0.02%
NNN	C	-0.02%
UAL	A	-0.02%
WEC	A	-0.02%
DVN	F	-0.02%
TJX	A	-0.02%
HBAN	A	-0.02%
XEL	A	-0.02%
MMM	D	-0.02%
WAB	B	-0.02%
SITC	D	-0.02%
ORLY	B	-0.02%
CFG	B	-0.02%
LEN	D	-0.02%
PEG	A	-0.02%
D	C	-0.02%
ABT	B	-0.02%
AMP	A	-0.02%
LH	B	-0.02%
SYK	B	-0.02%
ROST	D	-0.02%
AGR	A	-0.02%
PM	B	-0.02%
K	A	-0.02%
ETR	B	-0.02%
NXPI	D	-0.02%
HST	C	-0.02%
GLPI	C	-0.02%
STZ	D	-0.02%
CRM	B	-0.02%
GPN	B	-0.02%
CAT	B	-0.02%
CM	A	-0.02%
DUK	C	-0.02%
ICE	C	-0.02%
SYY	D	-0.02%
UPS	C	-0.02%
MMC	B	-0.02%
SLB	C	-0.02%
GD	D	-0.02%
RTX	D	-0.02%
VOD	F	-0.02%
KDP	F	-0.02%
MAR	A	-0.02%
EOG	A	-0.02%
BXP	C	-0.02%
AER	A	-0.02%
BNS	A	-0.02%
DB	D	-0.02%
OMC	C	-0.02%
PEP	F	-0.02%
ZTS	D	-0.02%
CB	C	-0.02%
PCG	A	-0.02%
TFC	A	-0.02%
LMT	D	-0.02%
DFS	B	-0.02%
VZ	C	-0.02%
RY	A	-0.02%
CI	D	-0.02%
MUFG	B	-0.02%
CVX	A	-0.02%
NWG	A	-0.02%
CHD	A	-0.01%
VNO	C	-0.01%
FE	C	-0.01%
BRO	B	-0.01%
PDM	D	-0.01%
ARW	D	-0.01%
CSL	C	-0.01%
OGE	A	-0.01%
MAA	B	-0.01%
O	C	-0.01%
CSX	C	-0.01%
OHI	C	-0.01%
EFX	F	-0.01%
RSG	A	-0.01%
AEP	C	-0.01%
AFL	B	-0.01%
CP	F	-0.01%
DHR	F	-0.01%
NKE	F	-0.01%
WEST	C	-0.01%
MTB	A	-0.01%
ES	C	-0.01%
AVB	B	-0.01%
CPB	D	-0.01%
PPG	F	-0.01%
OGS	A	-0.01%
PAA	B	-0.01%
HUM	C	-0.01%
MCK	A	-0.01%
ADBE	C	-0.01%
KMI	A	-0.01%
VTR	B	-0.01%
NFG	A	-0.01%
SCHW	B	-0.01%
CAG	F	-0.01%
GIS	D	-0.01%
DTE	C	-0.01%
LOW	C	-0.01%
STT	B	-0.01%
CCI	C	-0.01%
BK	A	-0.01%
PSX	C	-0.01%
UNH	B	-0.01%
AMGN	F	-0.01%
BMO	A	-0.01%
TD	D	-0.01%
AMT	C	-0.01%
COF	C	-0.01%
AZN	F	-0.01%
MCD	D	-0.01%
ZBH	C	-0.01%
CMCSA	B	-0.01%
CTRA	B	-0.0%
COST	A	-0.0%
CMS	C	-0.0%
AEE	A	-0.0%
CMI	A	-0.0%
PCAR	B	-0.0%
KIM	A	-0.0%
WHR	B	-0.0%
FLEX	B	-0.0%
CUBE	C	-0.0%
AZO	C	-0.0%
ESS	B	-0.0%
BDN	C	-0.0%
BRX	A	-0.0%
WU	F	-0.0%
IVZ	B	-0.0%
TXT	D	-0.0%
CL	D	-0.0%
LIN	C	-0.0%
OKE	A	-0.0%
WELL	A	-0.0%
BSX	A	-0.0%
EIX	B	-0.0%
DOC	C	-0.0%
FSK	A	-0.0%
MPLX	A	-0.0%
DE	B	-0.0%
SO	C	-0.0%
NEE	C	-0.0%