FELV vs. CLSE ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Convergence Long/Short Equity ETF (CLSE)
FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.75

Average Daily Volume

107,136

Number of Holdings *

332

* may have additional holdings in another (foreign) market
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

$23.44

Average Daily Volume

66,558

Number of Holdings *

337

* may have additional holdings in another (foreign) market
Performance
Period FELV CLSE
30 Days 5.73% 4.27%
60 Days 6.35% 5.25%
90 Days 7.99% 8.52%
12 Months 30.28% 38.59%
84 Overlapping Holdings
Symbol Grade Weight in FELV Weight in CLSE Overlap
AAPL B 0.19% 0.83% 0.19%
ABBV D 0.85% 0.72% 0.72%
AES F 0.16% -0.08% -0.08%
ALL B 0.19% 0.45% 0.19%
AMZN C 0.08% 2.53% 0.08%
AVGO D 0.12% 2.28% 0.12%
BAC A 1.77% 0.81% 0.81%
BLK C 0.37% 0.65% 0.37%
BMY B 0.84% 1.11% 0.84%
C A 0.48% -0.19% -0.19%
CACI D 0.46% 0.48% 0.46%
CAH B 0.3% 0.86% 0.3%
CCL B 0.13% 0.35% 0.13%
CINF A 0.22% 0.12% 0.12%
CNC F 0.23% 0.31% 0.23%
CSCO A 1.07% -0.52% -0.52%
CTRE D 0.04% 0.42% 0.04%
CVNA B 0.62% 1.85% 0.62%
CVS D 0.3% 0.29% 0.29%
DELL C 0.08% -0.25% -0.25%
DOCU A 0.22% 1.37% 0.22%
EEFT B 0.12% 0.22% 0.12%
EQIX A 0.2% -0.14% -0.14%
EQR B 0.17% 0.35% 0.17%
EW C 0.06% -0.16% -0.16%
FTDR B 0.01% 0.58% 0.01%
FTI A 0.19% 0.74% 0.19%
GE D 1.05% -0.46% -0.46%
GILD B 0.92% 1.07% 0.92%
GLW B 0.01% 0.52% 0.01%
GRMN A 0.11% 0.37% 0.11%
HD A 0.45% 1.13% 0.45%
HPE B 0.21% 1.92% 0.21%
ILMN C 0.15% 0.1% 0.1%
INCY C 0.22% 0.07% 0.07%
INTC C 0.85% -0.93% -0.93%
JNJ D 1.02% 0.83% 0.83%
JPM B 2.93% 0.64% 0.64%
JXN B 0.15% 0.39% 0.15%
KEY A 0.18% -0.25% -0.25%
KR A 0.31% 0.17% 0.17%
LDOS D 0.47% 0.55% 0.47%
LPX B 0.33% 0.43% 0.33%
MATX C 0.03% 0.22% 0.03%
MDT D 0.4% 0.29% 0.29%
META D 0.21% 3.3% 0.21%
MKL A 0.17% -0.14% -0.14%
MO A 0.28% 0.79% 0.28%
MSCI C 0.19% -0.27% -0.27%
MU D 0.86% 2.13% 0.86%
MWA B 0.01% 0.65% 0.01%
NEM F 0.05% 0.22% 0.05%
NFLX B 0.19% 0.79% 0.19%
NSC A 0.57% -0.1% -0.1%
NTAP C 0.12% 1.0% 0.12%
NVDA C 0.17% 4.61% 0.17%
NWS B 0.03% -0.57% -0.57%
PG A 1.24% 0.45% 0.45%
PGR A 0.35% 0.46% 0.35%
PNC A 0.7% 0.72% 0.7%
PRU A 0.17% 0.13% 0.13%
PSA C 0.52% -0.23% -0.23%
PYPL A 0.79% 1.33% 0.79%
QCOM F 0.5% 1.73% 0.5%
RGA A 0.03% 0.55% 0.03%
ROP B 0.01% -0.7% -0.7%
SEIC A 0.58% 0.95% 0.58%
SPG C 0.18% 0.37% 0.18%
STLD B 0.33% -0.13% -0.13%
SYF A 0.03% 1.11% 0.03%
T A 1.02% 0.29% 0.29%
TMUS A 0.56% 0.7% 0.56%
TOL A 0.28% 0.22% 0.22%
TXN D 0.16% -0.81% -0.81%
UHS D 0.12% 0.7% 0.12%
UNP C 0.75% 0.47% 0.47%
VMC B 0.28% -0.13% -0.13%
VRTX D 0.09% 0.23% 0.09%
VST B 0.07% 0.55% 0.07%
WBD C 0.09% -0.43% -0.43%
WDC C 0.14% -0.65% -0.65%
WFC A 1.22% 0.75% 0.75%
WMT B 1.76% 1.82% 1.76%
ZBRA A 0.32% -0.34% -0.34%
FELV Overweight 248 Positions Relative to CLSE
Symbol Grade Weight
BRK.A B 3.64%
XOM C 2.51%
UNH B 1.57%
PM B 1.31%
CMCSA C 1.13%
SCHW A 0.88%
PFE D 0.85%
NEE D 0.81%
DIS B 0.8%
ETN A 0.76%
BDX F 0.74%
TMO F 0.73%
SQ B 0.7%
RTX D 0.7%
VZ B 0.68%
RSG A 0.66%
LMT D 0.64%
NOC D 0.63%
SPGI C 0.63%
BK A 0.63%
MMM D 0.6%
CI D 0.6%
AON A 0.59%
PPG D 0.57%
CCI D 0.57%
CME A 0.57%
COP D 0.56%
ABT B 0.54%
CL D 0.54%
CAT B 0.54%
ALLE D 0.54%
MS B 0.54%
TXT D 0.53%
CVX B 0.53%
EOG C 0.53%
ZM B 0.52%
TT B 0.52%
ECL D 0.5%
SSNC A 0.5%
DD D 0.48%
COF B 0.47%
LIN D 0.46%
LHX C 0.45%
WAB B 0.45%
CTAS B 0.43%
DBX C 0.42%
AMAT F 0.42%
PCG B 0.39%
PCAR B 0.39%
UNM A 0.38%
MMC A 0.38%
ADBE C 0.37%
IGT F 0.36%
L B 0.35%
EXEL A 0.35%
TPH C 0.35%
EVRG A 0.35%
BRX A 0.35%
CMI A 0.34%
CSX B 0.34%
ACN B 0.34%
NUE D 0.34%
GS B 0.34%
DVN F 0.34%
FTV B 0.33%
F C 0.33%
TWLO B 0.3%
BIIB F 0.3%
FR C 0.28%
MCD D 0.28%
DUK C 0.28%
VEEV B 0.28%
MA B 0.28%
GL C 0.28%
TRV B 0.28%
GEV C 0.28%
ANF C 0.28%
TJX A 0.28%
IBM C 0.27%
TDC D 0.27%
SYK C 0.26%
AME A 0.26%
WTW B 0.26%
VICI C 0.25%
CLX C 0.25%
GAP C 0.25%
XEL A 0.25%
SEE C 0.25%
FLS A 0.25%
WM A 0.25%
EXC D 0.24%
KMI B 0.24%
TFC B 0.24%
ED D 0.22%
Z B 0.22%
OC B 0.22%
CRM B 0.22%
DOC C 0.22%
SKYW B 0.21%
MGM F 0.21%
JCI C 0.21%
AXP A 0.2%
VMI A 0.2%
MSI C 0.2%
PNR B 0.19%
DTE C 0.19%
USFD A 0.19%
BSX C 0.19%
ITT A 0.18%
ICE D 0.18%
TMHC A 0.18%
ZG B 0.18%
EIX A 0.17%
DHR D 0.17%
IQV F 0.17%
LNW D 0.17%
ACA B 0.17%
CEG D 0.17%
GEHC F 0.16%
TAP C 0.16%
QGEN D 0.16%
MEDP F 0.16%
CCK D 0.16%
PFG C 0.16%
BBY D 0.15%
STT A 0.15%
CNP A 0.15%
AMGN D 0.15%
RCL B 0.15%
OXY F 0.15%
KMB C 0.14%
AMT D 0.14%
HUM C 0.14%
GD F 0.14%
HAL C 0.13%
PKG B 0.13%
WDAY C 0.13%
SWKS F 0.13%
ES D 0.13%
TROW A 0.13%
PH A 0.12%
SOLV C 0.12%
ITW A 0.12%
SO D 0.12%
WMB B 0.12%
HWM B 0.12%
KHC D 0.12%
BLD C 0.11%
AIZ B 0.11%
QRVO F 0.11%
EA C 0.11%
ENS D 0.11%
ROST C 0.11%
BCC B 0.11%
ELV F 0.11%
AMH C 0.11%
BMRN F 0.11%
TPR A 0.1%
ADTN B 0.1%
ADM F 0.1%
BKR C 0.1%
CRC C 0.1%
ADP B 0.1%
PEG A 0.1%
MHO C 0.1%
FANG F 0.09%
A D 0.09%
TRGP B 0.09%
CNO A 0.09%
MTDR C 0.09%
KD B 0.09%
GPN C 0.09%
ACT C 0.09%
MCK C 0.09%
CRUS F 0.09%
TENB C 0.08%
DASH A 0.08%
MKC D 0.08%
LH B 0.08%
HON B 0.08%
BBWI C 0.08%
IFF D 0.08%
ALRM C 0.08%
AEP D 0.08%
CMG B 0.07%
REG B 0.07%
BYD B 0.07%
LYFT C 0.07%
LOW C 0.07%
WCC B 0.07%
NWL A 0.06%
NWSA B 0.06%
UPS C 0.06%
LEG D 0.06%
ARW D 0.06%
VSTS C 0.06%
MDLZ F 0.06%
OGE A 0.06%
NMRK B 0.06%
DFS B 0.05%
TRMB B 0.05%
SAM C 0.05%
CTRA B 0.05%
FHI A 0.05%
GLPI B 0.05%
CW B 0.05%
PLTK B 0.05%
GIS D 0.05%
AM B 0.04%
ADI D 0.04%
VLTO C 0.04%
INGR B 0.04%
VAC B 0.04%
CSGP C 0.04%
HL F 0.04%
CWEN C 0.04%
BKH B 0.04%
AXTA A 0.03%
MSA C 0.03%
TFX F 0.03%
KLAC F 0.03%
UAL B 0.03%
EXTR C 0.03%
WS B 0.03%
RJF A 0.03%
ALKS B 0.03%
DHI D 0.03%
AMD F 0.02%
CWEN C 0.02%
AYI B 0.02%
SWI B 0.02%
OKTA C 0.02%
OGN F 0.02%
BERY B 0.02%
ITRI B 0.02%
BIO D 0.02%
WOOF D 0.02%
TNL A 0.01%
TGT F 0.01%
MUR F 0.01%
PHM C 0.01%
CXT B 0.01%
BLDR C 0.01%
DGX B 0.01%
ANSS B 0.01%
AXS A 0.01%
SON D 0.01%
M D 0.01%
FELV Underweight 253 Positions Relative to CLSE
Symbol Grade Weight
GOOGL C -3.47%
APP B -2.25%
ANET C -1.83%
IDCC A -1.51%
GDDY B -1.42%
CVLT B -1.4%
ORCL C -1.33%
ACIW B -1.3%
TSLA B -1.22%
JHG A -1.21%
NTNX B -1.16%
NTRS A -1.08%
SNEX A -1.06%
PLTR B -1.02%
LNG B -0.97%
HALO F -0.9%
AMRX C -0.9%
BFH B -0.88%
GM B -0.87%
COR C -0.86%
PPC C -0.85%
GVA B -0.84%
MLI C -0.84%
CARG C -0.83%
PRIM A -0.8%
THC D -0.78%
FITB B -0.78%
DVA B -0.78%
IESC B -0.77%
CPNG D -0.77%
EME B -0.75%
CNX B -0.74%
UTHR C -0.73%
RF B -0.72%
STRL B -0.71%
ZION B -0.71%
CMA A -0.71%
NRG C -0.71%
CEIX A -0.7%
GEN A -0.68%
VRT B -0.68%
APH B -0.67%
UMBF B -0.66%
ALSN B -0.66%
MTZ B -0.66%
AVT C -0.66%
CHRW C -0.61%
EXPE B -0.61%
TSN B -0.6%
FFIV A -0.6%
AMG B -0.58%
MET A -0.52%
SLVM B -0.5%
GOOG C -0.49%
UI A -0.49%
EXP B -0.48%
PNW B -0.48%
AVA B -0.47%
DUOL B -0.45%
BKNG B -0.44%
SCCO F -0.41%
RMD C -0.4%
SR A -0.38%
R B -0.38%
CNA B -0.37%
CF B -0.37%
OUT A -0.36%
CDP C -0.34%
RGLD D -0.32%
PTON B -0.31%
LAMR C -0.31%
J F -0.31%
MPWR F -0.3%
VLO C -0.29%
IIPR D -0.28%
APA F -0.25%
NVR D -0.24%
FLR B -0.21%
JLL B -0.2%
MUSA B -0.2%
ABM B -0.19%
BAH F -0.18%
NTRA B -0.17%
BOX A -0.17%
JAZZ B -0.16%
FOXA C -0.14%
EXPD C -0.14%
FN D -0.13%
VCTR B -0.12%
VCYT A -0.12%
CDE D -0.11%
AEIS B -0.07%
HQY B -0.07%
QQQ B -0.0%
LNTH D -0.0%
LRCX F -0.0%
PENN C --0.05%
KNX B --0.06%
HGV B --0.06%
HUN F --0.07%
EXAS F --0.07%
RYN C --0.07%
COOP B --0.07%
CCS D --0.07%
BC C --0.08%
JOE F --0.08%
FLYW C --0.08%
GNTX C --0.09%
JBLU F --0.09%
MCW C --0.1%
ABG B --0.1%
ATO A --0.1%
ACVA B --0.11%
ENPH F --0.11%
CGON F --0.11%
EL F --0.12%
RBA B --0.12%
FL D --0.12%
PCH C --0.12%
DLR A --0.13%
EXR C --0.13%
AVAV D --0.13%
ALIT C --0.13%
MLM B --0.13%
BPOP B --0.14%
PYCR C --0.14%
DAY A --0.14%
REXR F --0.14%
ARWR F --0.14%
AA A --0.14%
CZR D --0.15%
COLD F --0.15%
APD A --0.15%
GTLS B --0.15%
CRL C --0.15%
RNR C --0.15%
DRVN B --0.15%
NARI C --0.16%
FIVN C --0.16%
BHF B --0.16%
XPO B --0.16%
OSK B --0.16%
LGIH C --0.16%
DAR C --0.16%
ALB C --0.16%
UHAL D --0.16%
AGO A --0.16%
SITE C --0.16%
SW B --0.17%
TEX D --0.17%
TREX C --0.17%
MDGL B --0.17%
LKQ D --0.17%
MASI A --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%
AL A --0.18%
CNH A --0.18%
BRKR F --0.18%
WAL B --0.19%
AIR B --0.19%
KNSL B --0.2%
SRE A --0.2%
GATX A --0.2%
BIRK C --0.2%
BE B --0.21%
AESI B --0.21%
NOG A --0.21%
WTM A --0.21%
PRCT B --0.22%
BANC B --0.22%
MTN C --0.22%
SAIA C --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%
HSY F --0.24%
LW C --0.25%
BILL A --0.26%
NEOG C --0.26%
AUR B --0.26%
AWK D --0.26%
VAL F --0.27%
FOUR B --0.27%
STNE F --0.27%
TEAM B --0.27%
PTEN C --0.27%
MNST B --0.28%
SOFI B --0.28%
ESTC C --0.29%
MDB C --0.29%
XP F --0.29%
MKTX D --0.29%
CYTK F --0.3%
LYV A --0.3%
NDAQ A --0.3%
APLS D --0.3%
APTV F --0.32%
GTLB C --0.32%
VVV F --0.33%
CCOI B --0.33%
LPLA B --0.34%
ABNB C --0.34%
INSP D --0.34%
FCNCA B --0.35%
APO A --0.35%
AFRM B --0.35%
CACC D --0.36%
COHR C --0.36%
BBIO D --0.36%
ZI C --0.36%
BEN C --0.36%
ON C --0.39%
DG F --0.4%
SATS D --0.4%
BA D --0.4%
RBLX C --0.41%
DLTR D --0.41%
PINS F --0.41%
U C --0.41%
RIVN D --0.42%
TTWO B --0.43%
SNPS B --0.44%
ALGM D --0.45%
DV C --0.45%
CGNX C --0.45%
CDNS B --0.46%
MRNA F --0.47%
SMCI D --0.47%
RH B --0.47%
CFLT B --0.47%
CHTR C --0.48%
FND C --0.53%
BRZE C --0.56%
FIVE D --0.56%
WST C --0.59%
LITE B --0.6%
POOL C --0.61%
MCHP F --0.63%
DXCM C --0.63%
LSCC D --0.7%
FSLR F --1.26%
Compare ETFs