CLSE vs. SMDY ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Syntax Stratified MidCap ETF (SMDY)

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

$20.78

Average Daily Volume

44,449

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$43.61

Average Daily Volume

270

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SMDY
30 Days	3.08%	3.64%
60 Days	4.58%	3.33%
90 Days	9.48%	5.44%
12 Months	39.21%	23.57%

89 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SMDY	Overlap
ADC	C	-0.12%	0.07%	-0.12%
ALGM	D	-0.54%	0.45%	-0.54%
ALLY	B	-0.18%	0.21%	-0.18%
AMG	D	0.91%	0.29%	0.29%
APPF	C	1.04%	0.15%	0.15%
AR	A	-0.3%	0.1%	-0.3%
ARWR	F	-0.17%	0.51%	-0.17%
ASB	C	-0.24%	0.42%	-0.24%
AYI	C	0.54%	0.23%	0.23%
BCO	B	0.38%	0.25%	0.25%
BLD	D	0.32%	0.15%	0.15%
BRBR	D	0.78%	0.43%	0.43%
CAR	D	-0.3%	0.39%	-0.3%
CG	D	-0.25%	0.26%	-0.25%
CGNX	C	-0.43%	0.34%	-0.43%
CHDN	C	-0.11%	0.13%	-0.11%
CHH	F	-0.16%	0.09%	-0.16%
CHK	B	-0.11%	0.09%	-0.11%
CNM	B	0.5%	0.09%	0.09%
CNX	B	-0.27%	0.09%	-0.27%
CNXC	D	-0.16%	0.19%	-0.16%
COHR	D	-0.55%	0.13%	-0.55%
CROX	C	-0.1%	0.32%	-0.1%
DAR	D	-0.43%	0.3%	-0.43%
DOCS	D	0.11%	0.68%	0.11%
EME	B	0.73%	0.17%	0.17%
EXP	D	0.46%	0.14%	0.14%
FIVE	F	-0.32%	0.2%	-0.32%
FIX	C	0.32%	0.16%	0.16%
FNB	B	-0.26%	0.06%	-0.26%
FND	C	-0.47%	0.14%	-0.47%
FYBR	B	-0.36%	0.82%	-0.36%
GATX	A	-0.19%	0.15%	-0.19%
GDDY	B	0.62%	0.92%	0.62%
GLPI	C	0.37%	0.1%	0.1%
GME	D	-0.18%	0.32%	-0.18%
GO	F	-0.25%	0.19%	-0.25%
GTLS	C	-0.28%	0.11%	-0.28%
HALO	B	0.83%	0.69%	0.69%
HQY	D	0.52%	0.29%	0.29%
HRB	B	0.44%	0.3%	0.3%
HTZ	F	-0.07%	0.22%	-0.07%
IBKR	A	-0.35%	0.44%	-0.35%
IRT	C	-0.19%	0.2%	-0.19%
KMPR	C	-0.15%	0.36%	-0.15%
KNF	D	0.61%	0.13%	0.13%
KNX	F	-0.12%	0.13%	-0.12%
LAD	F	-0.33%	0.32%	-0.33%
LITE	D	-0.54%	1.07%	-0.54%
LNTH	C	0.18%	0.16%	0.16%
LOPE	C	0.58%	0.44%	0.44%
LPX	B	-0.12%	0.15%	-0.12%
MASI	D	-0.26%	0.12%	-0.26%
MDU	B	-0.12%	0.15%	-0.12%
MP	C	-0.21%	0.17%	-0.21%
MTG	C	0.86%	0.32%	0.32%
MTN	F	-0.17%	0.08%	-0.17%
MUSA	B	0.96%	0.23%	0.23%
NEOG	F	-0.29%	0.1%	-0.29%
NEU	D	0.24%	0.1%	0.1%
NOVT	D	-0.28%	0.13%	-0.28%
NSA	C	0.38%	0.19%	0.19%
NXST	C	-0.34%	0.41%	-0.34%
OC	C	0.59%	0.1%	0.1%
PBF	D	0.8%	0.23%	0.23%
PCH	F	-0.1%	0.12%	-0.1%
PLNT	C	-0.09%	0.21%	-0.09%
PNM	D	-0.08%	0.2%	-0.08%
PPC	C	0.74%	0.34%	0.34%
PR	D	-0.19%	0.09%	-0.19%
PSTG	B	0.31%	0.58%	0.31%
RGA	A	0.43%	0.34%	0.34%
RH	D	-0.46%	0.15%	-0.46%
RNR	C	-0.26%	0.29%	-0.26%
RRC	B	-0.11%	0.09%	-0.11%
RS	D	0.32%	0.16%	0.16%
SAIC	C	0.41%	0.19%	0.19%
SEIC	D	0.88%	0.3%	0.3%
SHC	F	-0.22%	0.18%	-0.22%
SNX	A	1.71%	0.09%	0.09%
SR	C	0.33%	0.23%	0.23%
STAG	C	0.34%	0.07%	0.07%
TGNA	C	-0.38%	0.4%	-0.38%
THC	B	0.61%	0.74%	0.61%
UMBF	B	0.62%	0.13%	0.13%
UTHR	A	-0.42%	0.74%	-0.42%
VAC	D	-0.11%	0.1%	-0.11%
WOLF	F	-0.58%	0.13%	-0.58%
ZI	F	-0.4%	0.29%	-0.4%

CLSE Overweight 259 Positions Relative to SMDY

Symbol	Grade	Weight
NVDA	C	3.67%
MSFT	B	3.35%
AMZN	C	3.29%
GOOGL	A	2.6%
QCOM	B	2.44%
GOOG	A	2.4%
META	D	2.21%
AMAT	B	2.16%
MU	B	2.13%
APP	C	2.1%
NTAP	B	1.8%
ANET	B	1.72%
NTNX	B	1.67%
CRWD	C	1.36%
WMT	A	1.35%
IBM	D	1.29%
PYPL	D	1.23%
DOCU	C	1.1%
HD	D	1.08%
NFLX	B	1.07%
AAPL	C	0.95%
STNE	F	0.95%
PAGS	D	0.95%
SPOT	C	0.95%
T	B	0.91%
SYF	C	0.91%
COIN	D	0.89%
PFE	D	0.89%
JPM	A	0.88%
AMGN	B	0.87%
OGN	B	0.86%
VTRS	D	0.86%
TW	B	0.86%
ABBV	D	0.85%
JNJ	D	0.85%
LLY	B	0.84%
MPC	D	0.83%
UBER	D	0.82%
MRK	B	0.81%
IIPR	B	0.78%
IESC	C	0.77%
BAC	B	0.76%
PSX	D	0.74%
XOM	B	0.74%
MO	A	0.74%
FITB	B	0.73%
PG	A	0.73%
VLO	D	0.73%
SMCI	D	0.72%
WFC	C	0.71%
TSN	B	0.71%
BG	C	0.71%
VRT	C	0.7%
MCK	A	0.69%
GFF	D	0.68%
EBAY	C	0.68%
F	D	0.67%
MLI	C	0.64%
STRL	C	0.63%
CNC	B	0.62%
ITRI	B	0.62%
PEGA	C	0.62%
FTDR	C	0.6%
VST	B	0.6%
CI	D	0.6%
GM	B	0.59%
AGO	D	0.58%
SKYW	C	0.58%
NU	C	0.56%
DVA	B	0.56%
BLDR	D	0.55%
PGR	C	0.54%
GMS	D	0.54%
BCC	D	0.54%
CAT	C	0.52%
PLTR	D	0.51%
NEE	B	0.51%
AMR	F	0.51%
DPZ	C	0.5%
CAH	F	0.49%
REZI	C	0.48%
HIG	A	0.47%
CNA	B	0.47%
UHS	B	0.47%
EVRG	C	0.46%
EXC	C	0.45%
LDOS	A	0.44%
SLVM	B	0.41%
BKNG	C	0.41%
APA	F	0.39%
SPG	C	0.38%
STLD	D	0.38%
J	F	0.36%
GRMN	A	0.36%
IBP	D	0.33%
PEG	B	0.33%
CVI	F	0.33%
KR	D	0.32%
BAH	B	0.31%
CVNA	C	0.31%
WDC	C	0.31%
FDX	D	0.3%
RPRX	F	0.29%
OMI	F	0.29%
AMRX	B	0.28%
SPGI	B	0.28%
AMP	B	0.26%
UNP	C	0.24%
ANF	A	0.23%
MGM	F	0.21%
NTRA	B	0.2%
DECK	C	0.18%
AEO	D	0.17%
SKT	D	0.14%
FG	C	0.14%
FCX	A	0.14%
MOD	C	0.13%
PHM	B	0.11%
VCTR	B	0.09%
SUM	D	0.0%
DNUT	F	-0.05%
AWR	C	-0.06%
TROX	B	-0.07%
DRVN	F	-0.07%
MODG	D	-0.08%
PYCR	F	-0.08%
IAS	D	-0.08%
PTCT	C	-0.08%
JOBY	F	-0.08%
JBHT	F	-0.08%
FCNCA	B	-0.08%
ENPH	D	-0.08%
HAS	C	-0.09%
SUI	F	-0.09%
CWST	B	-0.09%
DOC	B	-0.09%
ATI	C	-0.09%
MCW	D	-0.09%
RYAN	B	-0.09%
LGIH	D	-0.09%
ACVA	C	-0.1%
VTR	B	-0.1%
COLD	D	-0.1%
AEE	C	-0.11%
EXR	C	-0.11%
AES	B	-0.11%
DAY	D	-0.11%
WTW	D	-0.11%
TXG	F	-0.12%
BOOT	B	-0.12%
GOGL	A	-0.12%
TFC	B	-0.13%
AJG	A	-0.14%
VFC	F	-0.14%
IPAR	F	-0.14%
AXON	D	-0.15%
ZWS	C	-0.15%
CRS	B	-0.15%
AVAV	B	-0.15%
LFST	C	-0.15%
O	C	-0.15%
SPR	D	-0.15%
CZR	F	-0.15%
RBA	C	-0.15%
WTM	D	-0.16%
AXSM	C	-0.16%
KVUE	C	-0.16%
SJM	F	-0.16%
XYL	A	-0.16%
WAFD	C	-0.17%
FOXF	D	-0.17%
COF	C	-0.17%
FLNC	D	-0.17%
HAYW	C	-0.17%
GPOR	C	-0.17%
FL	F	-0.17%
UCBI	C	-0.17%
FOUR	D	-0.18%
RUN	D	-0.18%
UHAL	C	-0.18%
IOVA	F	-0.18%
NARI	D	-0.18%
GPI	B	-0.18%
SRE	A	-0.19%
DG	D	-0.19%
BE	C	-0.19%
WAL	C	-0.19%
APD	C	-0.2%
FMC	C	-0.2%
HASI	B	-0.2%
BANC	C	-0.2%
PPBI	C	-0.2%
SBCF	C	-0.2%
LNC	C	-0.21%
ROG	D	-0.22%
TSLA	D	-0.22%
EQT	C	-0.22%
PRCT	C	-0.22%
NTLA	D	-0.22%
UEC	C	-0.23%
ATO	B	-0.23%
RIVN	D	-0.23%
NDAQ	B	-0.23%
IRTC	F	-0.23%
EL	F	-0.24%
SPT	F	-0.24%
FSLR	C	-0.24%
DLTR	F	-0.25%
EVH	F	-0.25%
ORCL	C	-0.26%
NOG	D	-0.26%
LW	F	-0.26%
KDP	C	-0.26%
TMDX	B	-0.27%
BIO	F	-0.27%
NNI	A	-0.27%
CABO	F	-0.27%
FIS	A	-0.27%
AGNC	A	-0.28%
UI	C	-0.29%
GS	A	-0.29%
AAP	D	-0.29%
TOST	B	-0.29%
PFSI	B	-0.3%
TTWO	D	-0.3%
MS	B	-0.31%
ALB	D	-0.32%
RVMD	B	-0.35%
BX	C	-0.35%
DV	F	-0.36%
CARR	B	-0.36%
GE	C	-0.37%
KMX	F	-0.37%
CFLT	C	-0.37%
D	A	-0.37%
IAC	C	-0.39%
CRL	D	-0.41%
FIVN	F	-0.41%
MSGS	C	-0.41%
RIOT	F	-0.42%
LBRDK	D	-0.42%
SATS	C	-0.42%
VSAT	D	-0.43%
BILL	F	-0.44%
INSP	F	-0.44%
WBD	F	-0.45%
ASAN	D	-0.45%
MSTR	D	-0.45%
BA	D	-0.47%
TXN	B	-0.47%
GFS	D	-0.48%
U	F	-0.5%
TECH	C	-0.5%
MARA	C	-0.51%
ZBRA	C	-0.58%
KLIC	D	-0.59%
QQQ	B	-0.61%
SITM	C	-0.71%
INTC	F	-0.73%

CLSE Underweight 301 Positions Relative to SMDY

Symbol	Grade	Weight
SMG	D	-1.75%
COTY	F	-1.53%
CIEN	C	-1.08%
DUOL	F	-0.87%
IRDM	D	-0.84%
DT	D	-0.78%
QLYS	F	-0.71%
PRGO	F	-0.7%
NBIX	B	-0.68%
TXRH	B	-0.67%
WING	C	-0.67%
EXEL	F	-0.66%
ZD	F	-0.65%
SBRA	B	-0.64%
JAZZ	F	-0.64%
WEN	F	-0.63%
OHI	C	-0.6%
ARMK	B	-0.6%
DLB	C	-0.59%
LNW	D	-0.57%
AMKR	C	-0.56%
CRUS	B	-0.53%
ONTO	C	-0.53%
MTSI	C	-0.52%
COKE	C	-0.5%
MEDP	D	-0.5%
POWI	C	-0.49%
ACHC	F	-0.48%
MKSI	C	-0.46%
POST	B	-0.46%
LIVN	C	-0.46%
RGEN	D	-0.45%
SF	B	-0.44%
CVLT	B	-0.44%
NYT	B	-0.44%
AZTA	F	-0.44%
GMED	B	-0.44%
GHC	B	-0.43%
BLKB	C	-0.42%
RMBS	F	-0.42%
TOL	B	-0.41%
PCTY	C	-0.41%
SLAB	D	-0.41%
LSCC	F	-0.41%
KBH	B	-0.4%
TMHC	B	-0.4%
EQH	A	-0.4%
SYNA	D	-0.4%
DBX	D	-0.39%
CELH	C	-0.39%
AN	C	-0.39%
WBS	D	-0.37%
UNM	B	-0.36%
PAG	C	-0.36%
ST	C	-0.36%
JWN	C	-0.35%
CNO	A	-0.35%
NVST	F	-0.35%
BHF	F	-0.34%
TDC	F	-0.34%
DKS	D	-0.33%
FLO	C	-0.33%
MANH	D	-0.33%
SKX	B	-0.33%
GPS	D	-0.32%
VOYA	B	-0.32%
ENOV	F	-0.32%
ESAB	C	-0.32%
ERIE	C	-0.32%
JHG	B	-0.31%
FNF	B	-0.31%
NSP	F	-0.31%
ESNT	C	-0.31%
KEX	A	-0.3%
WSM	C	-0.3%
PRI	D	-0.3%
EEFT	C	-0.3%
AGCO	F	-0.3%
INGR	B	-0.3%
COLM	B	-0.3%
MSA	B	-0.3%
OSK	D	-0.3%
TEX	C	-0.3%
TTC	D	-0.29%
FAF	D	-0.29%
MORN	D	-0.29%
MMS	B	-0.29%
IPGP	D	-0.29%
VNT	D	-0.28%
SFM	A	-0.28%
SAM	F	-0.28%
LANC	D	-0.28%
WU	D	-0.28%
EHC	C	-0.27%
ETRN	B	-0.27%
SWAV	B	-0.27%
M	D	-0.27%
WEX	F	-0.27%
MIDD	F	-0.27%
AAON	D	-0.27%
FHI	D	-0.27%
NVT	C	-0.26%
BURL	D	-0.26%
LECO	D	-0.26%
NFG	B	-0.25%
DTM	A	-0.25%
CLH	B	-0.25%
CRI	F	-0.25%
PVH	D	-0.25%
BKH	C	-0.24%
USFD	B	-0.24%
AIRC	A	-0.24%
AM	A	-0.24%
AMED	C	-0.24%
CASY	B	-0.24%
BJ	B	-0.24%
ELF	D	-0.24%
LFUS	C	-0.24%
KD	B	-0.24%
WTRG	C	-0.24%
OGS	C	-0.23%
DINO	D	-0.23%
ENS	C	-0.23%
SWX	A	-0.23%
NJR	C	-0.23%
HAE	B	-0.23%
CPRI	F	-0.23%
OLLI	D	-0.23%
PGNY	F	-0.22%
CHE	F	-0.22%
IDA	C	-0.22%
PFGC	C	-0.22%
CACI	B	-0.22%
THO	F	-0.22%
UGI	C	-0.22%
VC	D	-0.22%
OPCH	F	-0.22%
HOG	D	-0.21%
SLM	D	-0.21%
AA	B	-0.21%
POR	C	-0.21%
OGE	A	-0.21%
GNTX	D	-0.21%
ALE	B	-0.21%
AMH	B	-0.2%
ORA	C	-0.2%
TCBI	C	-0.2%
VAL	B	-0.2%
SRCL	F	-0.2%
WFRD	C	-0.2%
PII	F	-0.2%
BC	F	-0.2%
NWE	C	-0.2%
SCI	D	-0.2%
RGLD	A	-0.19%
ELS	D	-0.19%
EXLS	C	-0.19%
G	D	-0.19%
CHX	D	-0.19%
NOV	D	-0.19%
CMC	B	-0.18%
THG	A	-0.18%
JEF	A	-0.18%
FLR	D	-0.18%
CUBE	C	-0.18%
ORI	A	-0.18%
R	B	-0.17%
MTZ	C	-0.17%
TTEK	A	-0.17%
EXPO	C	-0.17%
AFG	B	-0.17%
RLI	A	-0.17%
FCN	B	-0.16%
HLI	C	-0.16%
KBR	C	-0.16%
SIGI	F	-0.16%
LII	B	-0.16%
ACM	D	-0.15%
OLED	C	-0.15%
EVR	A	-0.15%
MAN	C	-0.15%
JLL	B	-0.15%
GXO	D	-0.15%
BDC	C	-0.15%
WTFC	B	-0.14%
XPO	D	-0.14%
RCM	F	-0.14%
X	F	-0.14%
CLF	F	-0.14%
FHN	B	-0.14%
MAT	F	-0.14%
ASGN	C	-0.14%
LSTR	C	-0.14%
TPX	C	-0.14%
WERN	D	-0.14%
HWC	C	-0.14%
CBSH	B	-0.14%
TREX	D	-0.14%
VSH	C	-0.14%
KNSL	F	-0.13%
WHR	F	-0.13%
CFR	D	-0.13%
CYTK	F	-0.13%
YETI	D	-0.13%
CBT	B	-0.12%
HELE	D	-0.12%
UAA	F	-0.12%
UA	F	-0.12%
WLK	B	-0.11%
CC	C	-0.11%
BRKR	D	-0.11%
AXTA	C	-0.11%
AVNT	B	-0.11%
PEN	F	-0.11%
FLS	B	-0.11%
RYN	F	-0.11%
VVV	D	-0.1%
HGV	D	-0.1%
H	D	-0.1%
HXL	C	-0.1%
WTS	B	-0.1%
OLN	C	-0.1%
TNL	D	-0.1%
CUZ	C	-0.1%
DCI	C	-0.1%
CSL	B	-0.1%
WWD	A	-0.1%
CW	B	-0.1%
ASH	A	-0.1%
SAIA	F	-0.1%
WMS	C	-0.1%
VMI	C	-0.1%
PENN	F	-0.09%
SWN	B	-0.09%
LEA	F	-0.09%
MUR	D	-0.09%
CACC	F	-0.09%
TKR	C	-0.09%
GGG	D	-0.09%
IART	F	-0.09%
ATR	C	-0.09%
VNO	F	-0.09%
CIVI	C	-0.09%
CHRD	C	-0.09%
KRC	C	-0.09%
ITT	A	-0.09%
PK	D	-0.09%
GT	D	-0.09%
ALV	B	-0.09%
RPM	C	-0.09%
WH	F	-0.09%
LEG	F	-0.09%
XRAY	F	-0.08%
WPC	C	-0.08%
RRX	D	-0.08%
ARW	C	-0.08%
MTDR	D	-0.08%
WCC	C	-0.08%
AIT	B	-0.08%
BYD	F	-0.08%
WSO	B	-0.08%
OVV	D	-0.08%
AVT	B	-0.08%
RBC	A	-0.08%
HOMB	B	-0.07%
COLB	C	-0.07%
CADE	C	-0.07%
NNN	B	-0.07%
NYCB	D	-0.07%
KRG	C	-0.07%
ZION	B	-0.07%
LAMR	B	-0.07%
MSM	F	-0.07%
REXR	F	-0.07%
OZK	C	-0.07%
SSD	F	-0.07%
FR	F	-0.07%
IBOC	B	-0.07%
ADNT	F	-0.07%
EGP	F	-0.07%
BWXT	D	-0.07%
GEF	F	-0.06%
GPK	C	-0.06%
BERY	D	-0.06%
SON	B	-0.06%
FFIN	B	-0.06%
CCK	C	-0.06%
SSB	C	-0.06%
VLY	D	-0.06%
SLGN	C	-0.06%
GBCI	C	-0.06%
UBSI	C	-0.06%
UFPI	C	-0.06%
PNFP	C	-0.06%
SNV	B	-0.06%
PB	C	-0.06%
STWD	B	-0.06%
EPR	C	-0.06%
EWBC	B	-0.06%
BRX	C	-0.06%
ONB	B	-0.06%