CLSE vs. VCSH ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.17

Average Daily Volume

2,823,257

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	VCSH
30 Days	4.18%	-0.24%
60 Days	7.10%	-1.00%
90 Days	9.38%	0.07%
12 Months	39.93%	6.91%

100 Overlapping Holdings

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

CLSE Overweight 237 Positions Relative to VCSH

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%
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%
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%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	A	-0.35%
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%
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 343 Positions Relative to VCSH

Symbol	Grade	Weight
V	A	-0.13%
TAP	C	-0.1%
CARR	C	-0.09%
BIIB	F	-0.08%
DD	C	-0.08%
STLA	F	-0.07%
OTIS	C	-0.07%
ETN	A	-0.07%
KO	D	-0.06%
COST	A	-0.06%
KLAC	F	-0.06%
OMC	C	-0.06%
WBA	F	-0.06%
AIG	B	-0.06%
HCA	F	-0.06%
VZ	C	-0.06%
VRSK	A	-0.05%
ADP	A	-0.05%
ADM	D	-0.05%
CRM	B	-0.05%
NI	A	-0.05%
HPQ	B	-0.05%
TGT	F	-0.05%
LMT	D	-0.05%
NOC	D	-0.05%
ITW	B	-0.04%
FTV	C	-0.04%
VFC	C	-0.04%
TJX	A	-0.04%
WLK	D	-0.04%
WB	D	-0.04%
MA	B	-0.04%
ARCC	A	-0.04%
ZTS	D	-0.04%
RPRX	D	-0.04%
GSK	F	-0.04%
MRK	D	-0.04%
AZN	F	-0.04%
MSFT	D	-0.04%
JNPR	D	-0.03%
JBHT	C	-0.03%
MSI	B	-0.03%
EMN	C	-0.03%
AMAT	F	-0.03%
FDX	B	-0.03%
WAB	B	-0.03%
SWKS	F	-0.03%
CME	B	-0.03%
AGR	A	-0.03%
HRL	D	-0.03%
JD	D	-0.03%
HAS	D	-0.03%
MHK	D	-0.03%
NUE	C	-0.03%
DXC	B	-0.03%
BAX	F	-0.03%
CNO	B	-0.03%
SPGI	C	-0.03%
SNX	D	-0.03%
PVH	C	-0.03%
PHM	D	-0.03%
GIS	D	-0.03%
BXP	C	-0.03%
ADBE	C	-0.03%
GLPI	C	-0.03%
JEF	A	-0.03%
HAL	C	-0.03%
BG	D	-0.03%
SYY	D	-0.03%
SWK	D	-0.03%
MOS	F	-0.03%
EBAY	D	-0.03%
PFE	F	-0.03%
STT	B	-0.03%
WMB	A	-0.03%
GPN	B	-0.03%
DIS	B	-0.03%
EPD	A	-0.03%
MPLX	A	-0.03%
FIS	C	-0.03%
BERY	C	-0.03%
CB	C	-0.03%
AER	A	-0.03%
MPC	D	-0.03%
AXP	A	-0.03%
VTRS	A	-0.03%
CMCSA	B	-0.03%
MS	A	-0.03%
WPC	C	-0.02%
SKT	A	-0.02%
RL	C	-0.02%
THG	A	-0.02%
UNM	A	-0.02%
VNT	C	-0.02%
BKU	A	-0.02%
A	D	-0.02%
CPT	B	-0.02%
GBDC	D	-0.02%
ALLE	C	-0.02%
AIZ	A	-0.02%
HST	C	-0.02%
HP	C	-0.02%
HOG	D	-0.02%
INTU	B	-0.02%
L	A	-0.02%
JCI	B	-0.02%
GXO	B	-0.02%
KMPR	A	-0.02%
EQH	C	-0.02%
FTNT	C	-0.02%
FRT	B	-0.02%
EA	A	-0.02%
NNN	C	-0.02%
SF	B	-0.02%
SBRA	C	-0.02%
TSLX	C	-0.02%
VNO	C	-0.02%
WM	B	-0.02%
BKH	A	-0.02%
DOV	A	-0.02%
COKE	C	-0.02%
BWA	D	-0.02%
BABA	D	-0.02%
AWH	F	-0.02%
AFG	A	-0.02%
BRO	B	-0.02%
BR	A	-0.02%
CTVA	C	-0.02%
KEYS	A	-0.02%
GSBD	F	-0.02%
HRB	D	-0.02%
IP	A	-0.02%
GWW	B	-0.02%
LNT	A	-0.02%
LLY	F	-0.02%
OCSL	F	-0.02%
LAZ	B	-0.02%
MRVL	B	-0.02%
CSX	C	-0.02%
K	A	-0.02%
ORI	A	-0.02%
DVN	F	-0.02%
LYB	F	-0.02%
PH	A	-0.02%
TDY	B	-0.02%
TT	A	-0.02%
VOYA	B	-0.02%
LIN	C	-0.02%
OHI	C	-0.02%
LHX	C	-0.02%
MCO	B	-0.02%
IVZ	B	-0.02%
HUM	C	-0.02%
DOC	C	-0.02%
WEC	A	-0.02%
VTR	B	-0.02%
BRX	A	-0.02%
CE	F	-0.02%
AN	C	-0.02%
CMI	A	-0.02%
EOG	A	-0.02%
NKE	F	-0.02%
DGX	A	-0.02%
FANG	C	-0.02%
FLEX	B	-0.02%
ADI	D	-0.02%
DHR	F	-0.02%
EFX	F	-0.02%
ROST	D	-0.02%
OKE	A	-0.02%
NXPI	D	-0.02%
MTB	A	-0.02%
KDP	F	-0.02%
ABT	B	-0.02%
ICE	C	-0.02%
FSK	A	-0.02%
GD	D	-0.02%
CPB	D	-0.02%
UPS	C	-0.02%
WEST	C	-0.02%
PM	B	-0.02%
MKC	C	-0.02%
STZ	D	-0.02%
SBUX	A	-0.02%
ET	A	-0.02%
CM	A	-0.02%
CCI	C	-0.02%
SLB	C	-0.02%
SHW	B	-0.02%
ZBH	C	-0.02%
KMI	A	-0.02%
AFL	B	-0.02%
LVS	B	-0.02%
BDX	F	-0.02%
CAT	B	-0.02%
USB	A	-0.02%
RTX	D	-0.02%
RY	A	-0.02%
PEP	F	-0.02%
CVX	A	-0.02%
TD	D	-0.02%
IBM	C	-0.02%
XOM	B	-0.02%
NVT	B	-0.01%
HIW	C	-0.01%
FE	C	-0.01%
FNB	A	-0.01%
VLY	B	-0.01%
RPM	A	-0.01%
IPG	D	-0.01%
JBL	C	-0.01%
KSS	F	-0.01%
G	B	-0.01%
AMD	F	-0.01%
EPR	C	-0.01%
NEU	D	-0.01%
ED	C	-0.01%
UDR	B	-0.01%
WY	F	-0.01%
TKR	D	-0.01%
FAF	A	-0.01%
HUBB	B	-0.01%
LEG	F	-0.01%
CHD	A	-0.01%
FMC	D	-0.01%
HES	B	-0.01%
IFF	D	-0.01%
DAL	B	-0.01%
WHR	B	-0.01%
SNV	C	-0.01%
SLG	B	-0.01%
RS	B	-0.01%
PFG	D	-0.01%
BDN	C	-0.01%
BCSF	C	-0.01%
TME	D	-0.01%
SITC	D	-0.01%
TEL	B	-0.01%
TRMB	B	-0.01%
CL	D	-0.01%
BHP	F	-0.01%
CSL	C	-0.01%
FLS	B	-0.01%
CLX	A	-0.01%
AVB	B	-0.01%
GP	F	-0.01%
H	B	-0.01%
KMB	C	-0.01%
ES	C	-0.01%
OGS	A	-0.01%
LNC	C	-0.01%
ROK	C	-0.01%
PSEC	D	-0.01%
TXT	D	-0.01%
ADSK	A	-0.01%
CMS	C	-0.01%
FHN	A	-0.01%
CUBE	C	-0.01%
MAIN	A	-0.01%
MAA	B	-0.01%
LII	A	-0.01%
OC	A	-0.01%
PDM	D	-0.01%
EMR	B	-0.01%
KIM	A	-0.01%
HII	F	-0.01%
KRC	B	-0.01%
MAR	A	-0.01%
NFG	A	-0.01%
ORLY	B	-0.01%
OPI	F	-0.01%
LEN	D	-0.01%
CP	F	-0.01%
CNP	A	-0.01%
DHI	F	-0.01%
PCAR	B	-0.01%
XEL	A	-0.01%
AEE	A	-0.01%
ARW	D	-0.01%
AZO	C	-0.01%
PPG	F	-0.01%
PKG	A	-0.01%
MCK	A	-0.01%
DE	B	-0.01%
DUK	C	-0.01%
DOW	F	-0.01%
UAL	A	-0.01%
WU	F	-0.01%
PPL	A	-0.01%
MMM	D	-0.01%
LH	B	-0.01%
MDLZ	F	-0.01%
ESS	B	-0.01%
EVRG	A	-0.01%
AEP	C	-0.01%
AMP	A	-0.01%
SYK	B	-0.01%
PSX	C	-0.01%
PEG	A	-0.01%
DFS	B	-0.01%
DTE	C	-0.01%
O	C	-0.01%
BSX	A	-0.01%
ARE	F	-0.01%
AON	A	-0.01%
HON	C	-0.01%
HBAN	A	-0.01%
CFG	B	-0.01%
BIDU	F	-0.01%
AMT	C	-0.01%
EIX	B	-0.01%
MMC	B	-0.01%
PAA	B	-0.01%
ETR	B	-0.01%
AMGN	F	-0.01%
D	C	-0.01%
ALLY	C	-0.01%
BK	A	-0.01%
RSG	A	-0.01%
TMO	F	-0.01%
NEE	C	-0.01%
LOW	C	-0.01%
CAG	F	-0.01%
SCHW	B	-0.01%
EXC	C	-0.01%
MCD	D	-0.01%
BNS	A	-0.01%
COP	C	-0.01%
SO	C	-0.01%
COF	C	-0.01%
VOD	F	-0.01%
LUV	C	-0.01%
WELL	A	-0.01%
UNH	B	-0.01%
TFC	A	-0.01%
DB	D	-0.01%
BMO	A	-0.01%
PCG	A	-0.01%
HSBC	A	-0.01%
NWG	A	-0.01%
CI	D	-0.01%
MUFG	B	-0.01%
GS	A	-0.01%