FSTA vs. CLSE ETF Comparison

Comparison of Fidelity MSCI Consumer Staples Index ETF (FSTA) to Convergence Long/Short Equity ETF (CLSE)

FSTA

Fidelity MSCI Consumer Staples Index ETF

FSTA Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Staples Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Staples Index, which represents the performance of the consumer staples sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Staples Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.14

Average Daily Volume

70,057

Number of Holdings ^*

100

* 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

$20.84

Average Daily Volume

40,916

Number of Holdings ^*

349

* may have additional holdings in another (foreign) market

Performance

Period	FSTA	CLSE
30 Days	3.34%	1.52%
60 Days	3.42%	4.53%
90 Days	6.73%	11.55%
12 Months	6.40%	40.82%

18 Overlapping Holdings

Symbol	Grade	Weight in FSTA	Weight in CLSE	Overlap
BG	B	0.63%	0.71%	0.63%
BRBR	C	0.39%	0.76%	0.39%
DAR	D	0.3%	-0.42%	-0.42%
DG	D	1.09%	-0.19%	-0.19%
DLTR	F	0.91%	-0.26%	-0.26%
EL	F	1.12%	-0.25%	-0.25%
GO	F	0.15%	-0.25%	-0.25%
IPAR	F	0.15%	-0.13%	-0.13%
KDP	B	1.33%	-0.26%	-0.26%
KR	B	1.43%	0.32%	0.32%
KVUE	C	1.2%	-0.15%	-0.15%
LW	F	0.49%	-0.26%	-0.26%
MO	A	2.84%	0.76%	0.76%
PG	A	12.21%	0.74%	0.74%
PPC	A	0.16%	0.74%	0.16%
SJM	F	0.51%	-0.16%	-0.16%
TSN	B	0.68%	0.75%	0.68%
WMT	C	7.94%	1.34%	1.34%

FSTA Overweight 82 Positions Relative to CLSE

Symbol	Grade	Weight
COST	B	10.39%
KO	A	7.6%
PEP	B	7.08%
PM	A	4.69%
MDLZ	B	3.47%
CL	A	2.71%
TGT	D	2.61%
KMB	B	1.71%
STZ	D	1.61%
MNST	D	1.59%
GIS	C	1.51%
SYY	D	1.44%
ADM	C	1.23%
KHC	C	1.12%
HSY	B	1.09%
CHD	A	1.0%
MKC	B	0.74%
CLX	F	0.68%
K	B	0.65%
CAG	B	0.58%
CASY	A	0.53%
CELH	D	0.49%
USFD	C	0.49%
WBA	F	0.49%
PFGC	D	0.48%
TAP	F	0.46%
HRL	B	0.44%
BJ	B	0.44%
SFM	A	0.43%
ELF	D	0.43%
CPB	B	0.37%
FRPT	B	0.35%
INGR	A	0.35%
POST	B	0.29%
ACI	D	0.29%
FLO	B	0.25%
COKE	B	0.25%
COTY	F	0.23%
SPB	C	0.21%
SMPL	B	0.2%
LANC	D	0.2%
WDFC	D	0.2%
CALM	D	0.17%
ANDE	F	0.17%
CENTA	C	0.17%
PSMT	A	0.16%
SAM	D	0.15%
REYN	C	0.14%
JJSF	B	0.14%
KLG	B	0.13%
EPC	B	0.13%
CHEF	C	0.13%
UTZ	B	0.13%
ENR	C	0.13%
VGR	D	0.12%
UVV	B	0.12%
VITL	A	0.11%
THS	F	0.11%
MGPI	D	0.1%
JBSS	D	0.1%
IMKTA	F	0.1%
FDP	D	0.1%
WMK	C	0.1%
FIZZ	D	0.1%
BGS	B	0.09%
HLF	C	0.09%
SEB	C	0.09%
TPB	B	0.08%
CVGW	C	0.07%
TR	F	0.07%
USNA	F	0.07%
AVO	B	0.07%
BYND	D	0.07%
SPTN	D	0.07%
NUS	F	0.06%
UNFI	F	0.05%
HAIN	F	0.05%
NAPA	F	0.05%
CENT	D	0.05%
SENEA	A	0.04%
OLPX	F	0.03%
MED	F	0.03%

FSTA Underweight 331 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-3.46%
MSFT	C	-3.3%
AMZN	A	-3.15%
GOOGL	B	-2.56%
GOOG	B	-2.36%
QCOM	B	-2.29%
META	D	-2.17%
AMAT	C	-2.09%
MU	B	-2.01%
APP	B	-1.95%
NTAP	B	-1.74%
ANET	C	-1.65%
NTNX	A	-1.6%
SNX	A	-1.49%
CRWD	C	-1.32%
IBM	D	-1.29%
PYPL	C	-1.27%
DOCU	B	-1.11%
HD	D	-1.08%
NFLX	C	-1.0%
MUSA	D	-0.99%
APPF	B	-0.95%
EBAY	D	-0.95%
AMG	D	-0.95%
PAGS	D	-0.94%
MRK	B	-0.93%
T	B	-0.93%
AAPL	B	-0.91%
SPOT	B	-0.91%
SYF	B	-0.91%
STNE	C	-0.91%
JPM	B	-0.9%
PFE	D	-0.9%
JNJ	F	-0.89%
AMGN	B	-0.89%
SEIC	C	-0.88%
COIN	D	-0.87%
VTRS	C	-0.87%
LLY	C	-0.86%
MTG	B	-0.86%
ABBV	D	-0.86%
MPC	D	-0.85%
PBF	D	-0.85%
UBER	D	-0.83%
TW	A	-0.83%
HALO	C	-0.81%
OGN	B	-0.8%
BAC	B	-0.77%
IIPR	B	-0.77%
PLTR	D	-0.75%
VLO	D	-0.75%
SMCI	D	-0.74%
XOM	B	-0.74%
FITB	A	-0.73%
WFC	A	-0.72%
CI	D	-0.72%
EME	A	-0.71%
F	D	-0.69%
MCK	B	-0.69%
GFF	C	-0.69%
PSX	D	-0.68%
VRT	A	-0.67%
BLDR	D	-0.65%
MLI	B	-0.63%
PEGA	D	-0.63%
UMBF	C	-0.62%
KNF	C	-0.62%
IESC	A	-0.61%
CNC	C	-0.6%
VST	B	-0.58%
OMI	F	-0.58%
AGO	D	-0.58%
OC	B	-0.58%
THC	A	-0.57%
SKYW	B	-0.57%
GM	B	-0.57%
AMR	D	-0.56%
BCC	D	-0.56%
GMS	C	-0.55%
LOPE	B	-0.55%
ITRI	A	-0.54%
PGR	A	-0.54%
NU	C	-0.53%
AYI	C	-0.53%
STRL	B	-0.53%
HQY	D	-0.53%
CAT	D	-0.52%
CAH	F	-0.52%
DVA	B	-0.52%
FTDR	B	-0.52%
DPZ	B	-0.51%
NEE	B	-0.5%
CNM	A	-0.49%
UHS	D	-0.48%
CNA	B	-0.48%
HIG	C	-0.47%
EXC	B	-0.46%
REZI	D	-0.46%
EVRG	B	-0.46%
EXP	A	-0.45%
LDOS	A	-0.45%
HRB	B	-0.44%
RGA	A	-0.42%
SAIC	C	-0.4%
BKNG	B	-0.4%
APA	F	-0.4%
CVI	F	-0.39%
PEG	A	-0.39%
SLVM	A	-0.39%
BCO	B	-0.38%
STLD	D	-0.38%
GLPI	D	-0.37%
J	D	-0.37%
SPG	C	-0.37%
NSA	D	-0.37%
GRMN	A	-0.36%
SR	B	-0.35%
STAG	D	-0.35%
BLD	D	-0.34%
IBP	D	-0.34%
GDDY	A	-0.33%
WDC	B	-0.32%
RS	D	-0.32%
FDX	D	-0.31%
BAH	B	-0.31%
PSTG	C	-0.3%
RPRX	F	-0.29%
SPGI	C	-0.28%
AMP	C	-0.26%
UNP	C	-0.24%
NEU	D	-0.23%
ANF	B	-0.22%
AEO	B	-0.21%
MGM	F	-0.21%
FIX	A	-0.2%
NTRA	B	-0.19%
DECK	D	-0.17%
SKT	D	-0.14%
FG	B	-0.13%
SUM	D	-0.12%
DOCS	F	-0.12%
PHM	B	-0.11%
EXEL	F	-0.11%
MOD	A	-0.11%
VCTR	A	-0.09%
ROCK	D	-0.07%
AOS	C	-0.0%
WDAY	F	-0.0%
PNC	B	-0.0%
DNUT	F	--0.05%
HTZ	F	--0.06%
AWR	C	--0.06%
ENPH	F	--0.07%
TROX	B	--0.07%
IAS	F	--0.08%
MODG	B	--0.08%
PYCR	F	--0.08%
JOBY	D	--0.08%
JBHT	F	--0.08%
LGIH	F	--0.08%
MCW	C	--0.08%
PNM	C	--0.08%
FCNCA	B	--0.08%
CROX	C	--0.09%
DOC	A	--0.09%
SUI	D	--0.09%
ATI	B	--0.09%
PTCT	C	--0.09%
PLNT	D	--0.09%
CWST	C	--0.09%
RYAN	D	--0.09%
RRC	B	--0.1%
ACVA	D	--0.1%
COLD	F	--0.1%
DRVN	F	--0.1%
VTR	B	--0.1%
PCH	D	--0.1%
HAS	B	--0.1%
GOGL	A	--0.11%
EXR	D	--0.11%
CHK	B	--0.11%
AES	B	--0.11%
WTW	D	--0.11%
DAY	F	--0.11%
CHDN	B	--0.11%
VAC	D	--0.11%
LPX	A	--0.12%
KNX	D	--0.12%
MDU	A	--0.12%
BOOT	B	--0.12%
ADC	B	--0.12%
AEE	C	--0.12%
TXG	F	--0.13%
TFC	B	--0.13%
GME	B	--0.13%
AVAV	A	--0.14%
LFST	B	--0.14%
VFC	F	--0.14%
FLNC	C	--0.15%
CNXC	D	--0.15%
ZWS	C	--0.15%
KMPR	B	--0.15%
XYL	A	--0.15%
CZR	F	--0.15%
FL	F	--0.15%
O	B	--0.15%
RBA	D	--0.15%
CRS	B	--0.15%
SPR	D	--0.15%
AJG	C	--0.15%
GPOR	C	--0.16%
AXSM	B	--0.16%
CHH	F	--0.16%
HAYW	C	--0.16%
ARWR	F	--0.16%
RUN	D	--0.16%
SRE	B	--0.16%
FOXF	F	--0.16%
AXON	B	--0.16%
WAFD	B	--0.17%
IOVA	D	--0.17%
UCBI	B	--0.17%
WTM	A	--0.17%
FOUR	F	--0.18%
WAL	B	--0.18%
GPI	B	--0.18%
ALLY	B	--0.18%
UHAL	B	--0.18%
COF	B	--0.18%
NARI	F	--0.18%
MTN	F	--0.18%
HASI	A	--0.19%
FMC	B	--0.19%
GATX	C	--0.19%
IRT	B	--0.19%
PR	B	--0.19%
BE	C	--0.19%
LNC	C	--0.2%
APD	C	--0.2%
PPBI	C	--0.2%
SBCF	C	--0.2%
BANC	C	--0.2%
NTLA	F	--0.21%
CABO	F	--0.21%
MP	D	--0.21%
ROG	C	--0.21%
EQT	B	--0.22%
TSLA	D	--0.23%
NDAQ	D	--0.23%
UEC	B	--0.23%
SHC	F	--0.23%
RIVN	F	--0.23%
IRTC	F	--0.24%
CAR	D	--0.24%
ATO	A	--0.24%
CG	D	--0.25%
PRCT	B	--0.25%
FIS	C	--0.25%
EVH	F	--0.25%
ASB	A	--0.25%
TMDX	B	--0.26%
NOG	B	--0.26%
GTLS	B	--0.26%
FSLR	B	--0.26%
CNX	B	--0.27%
CFLT	C	--0.27%
UI	D	--0.27%
MASI	D	--0.27%
FNB	A	--0.27%
ORCL	D	--0.27%
RNR	C	--0.27%
AGNC	C	--0.28%
BIO	F	--0.28%
NOVT	D	--0.28%
NNI	B	--0.28%
TTWO	D	--0.29%
NEOG	F	--0.29%
AR	B	--0.29%
AAP	D	--0.29%
TOST	A	--0.29%
PFSI	B	--0.29%
GS	A	--0.29%
ALB	C	--0.3%
MS	A	--0.31%
FIVE	F	--0.32%
LAD	D	--0.33%
IAC	B	--0.34%
FYBR	B	--0.34%
NXST	C	--0.34%
CARR	A	--0.35%
BX	D	--0.35%
IBKR	B	--0.35%
DV	F	--0.36%
KMX	D	--0.37%
TGNA	D	--0.37%
D	B	--0.37%
GE	A	--0.37%
MSTR	D	--0.38%
VSAT	D	--0.4%
SATS	C	--0.4%
RVMD	B	--0.4%
MARA	C	--0.42%
CRL	D	--0.42%
LBRDK	F	--0.42%
RIOT	F	--0.42%
RH	D	--0.42%
MSGS	B	--0.42%
UTHR	B	--0.42%
ZI	F	--0.43%
FIVN	F	--0.44%
GFS	D	--0.44%
FND	D	--0.45%
INSP	D	--0.45%
BILL	F	--0.46%
ASAN	F	--0.46%
WBD	F	--0.46%
SPT	F	--0.46%
U	F	--0.47%
CGNX	B	--0.48%
BA	F	--0.48%
TECH	B	--0.49%
TXN	A	--0.5%
ALGM	D	--0.53%
COHR	D	--0.55%
KLIC	D	--0.55%
ZBRA	A	--0.58%
LITE	F	--0.59%
QQQ	C	--0.6%
WOLF	F	--0.63%
INTC	F	--0.65%
SITM	C	--0.66%