FTLS vs. CLSE ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Convergence Long/Short Equity ETF (CLSE)
FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.13

Average Daily Volume

146,030

Number of Holdings *

517

* 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

$20.36

Average Daily Volume

38,934

Number of Holdings *

349

* may have additional holdings in another (foreign) market
Performance
Period FTLS CLSE
30 Days -2.16% -1.74%
60 Days -0.73% 3.82%
90 Days 2.65% 12.24%
12 Months 19.63% 39.06%
152 Overlapping Holdings
Symbol Grade Weight in FTLS Weight in CLSE Overlap
AAP D -0.06% -0.29% -0.29%
AAPL C 3.57% 0.91% 0.91%
ABBV D 1.84% 0.86% 0.86%
ADC B -0.04% -0.12% -0.12%
AEE C -0.1% -0.12% -0.12%
AES B -0.07% -0.11% -0.11%
AGNC B -0.07% -0.28% -0.28%
AJG C -0.13% -0.15% -0.15%
ALLY A 0.48% -0.18% -0.18%
AMZN A 2.38% 3.15% 2.38%
ANET D 0.14% 1.65% 0.14%
AOS D 0.23% 0.0% 0.0%
APD C -0.25% -0.2% -0.25%
AR A 0.14% -0.29% -0.29%
AXSM C 0.19% -0.16% -0.16%
AYI C 0.18% 0.53% 0.18%
BA D -0.49% -0.48% -0.49%
BAC B -0.29% 0.77% -0.29%
BANC C 0.11% -0.2% -0.2%
BCO A 0.07% 0.38% 0.07%
BE C -0.04% -0.19% -0.19%
BG C 0.17% 0.71% 0.17%
BILL F 0.15% -0.46% -0.46%
BIO D -0.04% -0.28% -0.28%
BKNG C 1.25% 0.4% 0.4%
BOOT B 0.27% -0.12% -0.12%
BRBR C 0.21% 0.76% 0.21%
CAH F 0.69% 0.52% 0.52%
CAR D -0.06% -0.24% -0.24%
CARR A -0.15% -0.35% -0.35%
CGNX B -0.04% -0.48% -0.48%
CHH D -0.03% -0.16% -0.16%
CNC C 0.15% 0.6% 0.15%
CNM A 0.48% 0.49% 0.48%
CNX B -0.04% -0.27% -0.27%
COF B 1.24% -0.18% -0.18%
COHR D -0.06% -0.55% -0.55%
COLD F -0.03% -0.1% -0.1%
CRL D -0.07% -0.42% -0.42%
CROX D 0.5% -0.09% -0.09%
D A -0.16% -0.37% -0.37%
DECK D 0.75% 0.17% 0.17%
DOC A -0.08% -0.09% -0.09%
DOCU B 0.15% 1.11% 0.15%
DPZ B -0.17% 0.51% -0.17%
DV D -0.03% -0.36% -0.36%
EBAY C -0.03% 0.95% -0.03%
EL F -0.21% -0.25% -0.25%
EME A 0.3% 0.71% 0.3%
EVRG B -0.1% 0.46% -0.1%
EXP B 0.19% 0.45% 0.19%
FCNCA B 0.17% -0.08% -0.08%
FDX C -0.38% 0.31% -0.38%
FIS C -0.19% -0.25% -0.25%
FIVN F -0.03% -0.44% -0.44%
FLNC B -0.03% -0.15% -0.15%
FMC D -0.06% -0.19% -0.19%
FSLR B -0.24% -0.26% -0.26%
FTDR B 0.08% 0.52% 0.08%
GE A -0.39% -0.37% -0.39%
GFF C 0.09% 0.69% 0.09%
GOOG A 1.19% 2.36% 1.19%
GOOGL A 1.4% 2.56% 1.4%
GS A 0.17% -0.29% -0.29%
HALO D 0.15% 0.81% 0.15%
HAS B -0.03% -0.1% -0.1%
HQY D -0.03% 0.53% -0.03%
IBM D 0.13% 1.29% 0.13%
INSP B -0.04% -0.45% -0.45%
INTC F -0.36% -0.65% -0.65%
JBHT F -0.08% -0.08% -0.08%
JPM B 0.79% 0.9% 0.79%
KDP A -0.19% -0.26% -0.26%
KMPR B -0.02% -0.15% -0.15%
KMX F -0.07% -0.37% -0.37%
KNF B 0.09% 0.62% 0.09%
KNX F -0.06% -0.12% -0.12%
KR C -0.13% 0.32% -0.13%
KVUE D 0.14% -0.15% -0.15%
LAD F -0.03% -0.33% -0.33%
LDOS A 0.17% 0.45% 0.17%
LITE D -0.04% -0.59% -0.59%
LLY D 0.93% 0.86% 0.86%
LNC D -0.03% -0.2% -0.2%
LOPE C 0.09% 0.55% 0.09%
LPX D 0.15% -0.12% -0.12%
MARA D 0.12% -0.42% -0.42%
MASI C -0.05% -0.27% -0.27%
MCK C 0.16% 0.69% 0.16%
META D 1.42% 2.17% 1.42%
MLI B 0.11% 0.63% 0.11%
MO A 1.23% 0.76% 0.76%
MODG B -0.03% -0.08% -0.08%
MP C -0.03% -0.21% -0.21%
MPC D 0.15% 0.85% 0.15%
MSFT C 4.34% 3.3% 3.3%
MU B -0.24% 2.01% -0.24%
NARI F -0.03% -0.18% -0.18%
NDAQ B -0.08% -0.23% -0.23%
NTAP C 0.51% 1.74% 0.51%
NTLA F 0.12% -0.21% -0.21%
NU C 0.86% 0.53% 0.53%
NVDA C 3.72% 3.46% 3.46%
OC A 0.37% 0.58% 0.37%
ORCL D -0.48% -0.27% -0.48%
PBF C 0.36% 0.85% 0.36%
PLTR D 0.14% 0.75% 0.14%
PNM C -0.04% -0.08% -0.08%
PSTG C -0.11% 0.3% -0.11%
PSX D 0.15% 0.68% 0.15%
QCOM A 1.41% 2.29% 1.41%
QQQ C 0.74% -0.6% -0.6%
RGA A 0.16% 0.42% 0.16%
RH D -0.09% -0.42% -0.42%
RIOT F 0.13% -0.42% -0.42%
RIVN F -0.22% -0.23% -0.23%
RRC B -0.05% -0.1% -0.1%
RS D 0.21% 0.32% 0.21%
RUN D -0.03% -0.16% -0.16%
SITM D -0.01% -0.66% -0.66%
SJM F -0.1% -0.16% -0.16%
SMCI D 0.1% 0.74% 0.1%
SNX A 0.17% 1.49% 0.17%
SPOT B 1.49% 0.91% 0.91%
SPR D -0.06% -0.15% -0.15%
SPT F -0.02% -0.46% -0.46%
SUI F -0.06% -0.09% -0.09%
SUM D 0.1% 0.12% 0.1%
SYF A 0.16% 0.91% 0.16%
T C -0.4% 0.93% -0.4%
TECH C -0.05% -0.49% -0.49%
TMDX A -0.04% -0.26% -0.26%
TSLA D -0.22% -0.23% -0.23%
TSN A 0.17% 0.75% 0.17%
TTWO D -0.18% -0.29% -0.29%
TXG F 0.13% -0.13% -0.13%
TXN A -0.56% -0.5% -0.56%
U F -0.03% -0.47% -0.47%
UEC B -0.04% -0.23% -0.23%
UHS C 0.15% 0.48% 0.15%
VFC F 0.34% -0.14% -0.14%
VLO C 0.16% 0.75% 0.16%
VRT A 0.2% 0.67% 0.2%
VSAT F -0.01% -0.4% -0.4%
VST A 0.2% 0.58% 0.2%
VTR B -0.07% -0.1% -0.1%
WBD F 0.69% -0.46% -0.46%
WDC B -0.23% 0.32% -0.23%
WOLF F -0.08% -0.63% -0.63%
XOM B 0.66% 0.74% 0.66%
ZBRA A -0.07% -0.58% -0.58%
ZWS D 0.11% -0.15% -0.15%
FTLS Overweight 365 Positions Relative to CLSE
Symbol Grade Weight
C A 2.21%
BMY F 1.69%
SBUX F 1.68%
GILD F 1.62%
DASH D 1.45%
MCHP A 1.44%
PINS A 1.4%
DKNG D 1.34%
ETSY F 1.07%
BRK.A D 1.05%
TEAM F 0.98%
LNG D 0.94%
LEN C 0.92%
PBR B 0.91%
AVGO D 0.86%
EA D 0.77%
TDG A 0.77%
PPG D 0.75%
W C 0.67%
NTES C 0.65%
V D 0.62%
BBY D 0.62%
LYV D 0.57%
LI F 0.55%
IFF B 0.54%
MA D 0.53%
MNDY D 0.51%
CLF F 0.48%
DGX A 0.47%
NVR D 0.46%
GNRC B 0.46%
GSK A 0.45%
WSO A 0.44%
MKC B 0.43%
RL D 0.41%
TEVA A 0.41%
BBWI C 0.4%
TPR D 0.4%
OVV B 0.39%
EXAS F 0.39%
MAS D 0.36%
CCK C 0.36%
XP D 0.35%
DBX F 0.33%
INCY D 0.32%
ALLE D 0.31%
IEX D 0.27%
STNG A 0.27%
TAL B 0.27%
CIVI B 0.26%
ERIC D 0.26%
ROL B 0.26%
AGCO F 0.26%
EWBC A 0.25%
MEDP D 0.24%
BECN B 0.24%
MUR C 0.24%
SEE C 0.23%
AXTA A 0.22%
WMS C 0.22%
SNA D 0.21%
PII F 0.21%
KBH B 0.21%
ITCI C 0.21%
IONS F 0.2%
YETI F 0.2%
NRG A 0.19%
PFGC D 0.19%
RPM D 0.19%
OZK B 0.19%
EQH A 0.18%
PAA B 0.18%
HRL B 0.18%
OLN D 0.18%
PDD B 0.17%
PCG A 0.17%
SKX A 0.17%
COLB C 0.17%
CRBG A 0.17%
ALL B 0.17%
SM B 0.17%
PRU C 0.16%
L A 0.16%
NVT A 0.16%
ELV B 0.16%
ALNY D 0.16%
WLK B 0.16%
MGY B 0.16%
FCN B 0.16%
WU C 0.15%
OSCR A 0.15%
BIIB D 0.15%
BR C 0.15%
CHX D 0.15%
ROK F 0.15%
MIDD D 0.15%
MCO C 0.15%
EXPE F 0.15%
TDC F 0.15%
ARMK C 0.15%
TWLO C 0.15%
OSK D 0.15%
HUBS D 0.15%
DIS C 0.15%
JCI C 0.15%
MLM D 0.15%
FR D 0.14%
ACAD F 0.14%
ICLR D 0.14%
DOX F 0.14%
FROG D 0.14%
GL F 0.14%
CFR C 0.14%
HXL D 0.14%
ATR A 0.14%
APG D 0.14%
FSLY F 0.14%
RGLD B 0.14%
HSIC F 0.14%
DDS B 0.13%
GLBE F 0.13%
VSTS F 0.13%
SITE F 0.13%
CRI F 0.13%
RMBS F 0.13%
MT D 0.13%
MOH F 0.13%
CTSH F 0.13%
ALPN A 0.13%
FN D 0.13%
CVS F 0.12%
FOLD F 0.12%
CTRE B 0.12%
CORT D 0.12%
CBRL F 0.12%
INGR C 0.12%
CRUS C 0.11%
AM A 0.11%
TPG C 0.11%
IRDM C 0.11%
YELP C 0.11%
AMD D 0.11%
COLM B 0.11%
GBCI C 0.1%
LOGI D 0.1%
XRX F 0.1%
HIMS D 0.1%
INMD F 0.1%
SIGI F 0.1%
NSP D 0.1%
HWC A 0.09%
CBSH A 0.09%
SHOO D 0.09%
ENV B 0.09%
CPA C 0.09%
AMBA F 0.09%
SBLK A 0.09%
DBRG F 0.09%
HESM C 0.09%
KTB B 0.09%
SLGN B 0.08%
DHT A 0.08%
ACLX D 0.08%
FSS C 0.08%
FDMT D 0.08%
LANC D 0.08%
WTS C 0.08%
TNET F 0.08%
ARVN D 0.08%
DK F 0.08%
LCII F 0.08%
BOH D 0.08%
BCRX F 0.07%
BDC C 0.07%
BHF C 0.07%
OI F 0.07%
YOU F 0.07%
BKE D 0.06%
ASR B 0.06%
CSWI A 0.06%
TRMD A 0.06%
WNC F 0.05%
PCRX F 0.05%
CUBI D 0.05%
BCPC C 0.05%
PTGX D 0.05%
FELE D 0.05%
FHB A 0.05%
NTCT F 0.04%
ATRC F 0.04%
SDGR F -0.01%
CALX F -0.01%
NEP C -0.02%
CLVT F -0.02%
AGL F -0.02%
LMND B -0.02%
WK D -0.02%
ENVX D -0.02%
IDA B -0.02%
MQ D -0.02%
GPRE F -0.02%
POWI D -0.02%
PINC F -0.02%
NVST F -0.03%
SEDG F -0.03%
RMD B -0.03%
VSCO F -0.03%
VAL D -0.03%
OMF A -0.03%
BSY B -0.03%
WTRG B -0.03%
XEL C -0.03%
WEC B -0.03%
MET D -0.03%
HAL F -0.03%
EGP F -0.03%
COTY D -0.03%
LSTR D -0.03%
FRSH F -0.03%
NSIT A -0.03%
GT D -0.03%
DXCM D -0.03%
PODD D -0.03%
FOX B -0.03%
IVZ D -0.03%
SMAR D -0.03%
ROKU F -0.03%
WBS D -0.03%
G D -0.03%
GPS D -0.03%
PENN F -0.03%
TPL B -0.03%
PEN F -0.03%
ELS D -0.04%
TRMB D -0.04%
VNO D -0.04%
ACM A -0.04%
QS F -0.04%
FRT B -0.04%
LKQ D -0.04%
SOLV C -0.04%
ONTO A -0.04%
MKSI D -0.04%
OLLI C -0.04%
SLG B -0.04%
NNN A -0.04%
RHI F -0.04%
ALIT C -0.04%
NDSN C -0.04%
BRX C -0.04%
TFX F -0.04%
TXT D -0.05%
JWN B -0.05%
AMCR A -0.05%
MHK D -0.05%
KBR A -0.05%
CIEN D -0.05%
GKOS A -0.05%
GWRE C -0.05%
FNF A -0.05%
BEN F -0.05%
REG F -0.05%
TTC D -0.05%
ESS A -0.06%
INVH B -0.06%
CMA B -0.06%
BXP F -0.06%
PNW B -0.06%
IRM D -0.06%
WPC C -0.06%
XRAY F -0.06%
MKTX F -0.06%
AVY A -0.06%
NI A -0.07%
WAT D -0.07%
IP D -0.07%
CNP A -0.07%
FTV F -0.07%
UDR B -0.07%
TRU C -0.07%
FTI A -0.07%
CHRW C -0.07%
VRSN F -0.07%
AMH D -0.08%
CPB B -0.08%
HOLX B -0.08%
CHD B -0.08%
MAA B -0.08%
DTE A -0.08%
Z F -0.09%
PPL A -0.09%
LH F -0.09%
CLX F -0.09%
EG D -0.09%
GEV A -0.09%
AVTR C -0.09%
GLW B -0.09%
PTC D -0.09%
FE A -0.09%
ARE D -0.09%
EXPD D -0.09%
EQR A -0.09%
CBRE D -0.09%
ADM D -0.1%
HPE D -0.1%
MTD D -0.1%
AVB A -0.1%
K B -0.1%
CHWY F -0.1%
AFL B -0.11%
FICO D -0.11%
ES B -0.11%
WST F -0.11%
STX D -0.11%
CSGP C -0.11%
EFX D -0.11%
EIX A -0.11%
AKAM F -0.11%
A C -0.12%
KEYS D -0.12%
VEEV D -0.12%
TER A -0.12%
IQV D -0.13%
AA A -0.13%
CTVA A -0.13%
GEHC D -0.13%
OXY C -0.14%
KMI A -0.15%
LHX A -0.15%
WELL A -0.15%
GPN F -0.15%
LYFT D -0.15%
ECL A -0.15%
CEG A -0.16%
STZ D -0.16%
NSC D -0.17%
EQIX F -0.17%
DLR B -0.17%
BKR D -0.17%
DD A -0.17%
CCI D -0.19%
TSCO A -0.19%
CSCO F -0.2%
KHC B -0.2%
ORLY D -0.22%
DELL B -0.23%
AMT D -0.24%
MMM A -0.25%
ETN A -0.26%
CHTR F -0.27%
NOC B -0.27%
BLK D -0.28%
NEM B -0.32%
ISRG C -0.34%
UPS F -0.34%
ADBE D -0.35%
DHR C -0.38%
SCHW A -0.39%
MRVL D -0.4%
RTX B -0.44%
TMUS A -0.45%
HUM F -0.47%
VZ D -0.5%
TMO C -0.52%
PEP B -0.6%
FTLS Underweight 197 Positions Relative to CLSE
Symbol Grade Weight
AMAT C -2.09%
APP B -1.95%
NTNX C -1.6%
WMT C -1.34%
CRWD D -1.32%
PYPL B -1.27%
HD D -1.08%
NFLX D -1.0%
MUSA D -0.99%
APPF C -0.95%
AMG C -0.95%
PAGS D -0.94%
MRK B -0.93%
STNE C -0.91%
PFE D -0.9%
JNJ F -0.89%
AMGN A -0.89%
SEIC C -0.88%
COIN D -0.87%
VTRS D -0.87%
MTG C -0.86%
UBER D -0.83%
TW B -0.83%
OGN B -0.8%
IIPR A -0.77%
PPC A -0.74%
PG A -0.74%
FITB A -0.73%
WFC B -0.72%
CI C -0.72%
F C -0.69%
BLDR C -0.65%
PEGA D -0.63%
UMBF B -0.62%
IESC B -0.61%
OMI F -0.58%
AGO D -0.58%
THC A -0.57%
SKYW A -0.57%
GM B -0.57%
AMR D -0.56%
BCC D -0.56%
GMS C -0.55%
ITRI A -0.54%
PGR B -0.54%
STRL D -0.53%
CAT D -0.52%
DVA B -0.52%
NEE B -0.5%
CNA B -0.48%
HIG D -0.47%
EXC C -0.46%
REZI D -0.46%
HRB D -0.44%
SAIC D -0.4%
APA F -0.4%
CVI F -0.39%
PEG A -0.39%
SLVM A -0.39%
STLD D -0.38%
GLPI F -0.37%
J B -0.37%
SPG D -0.37%
NSA D -0.37%
GRMN A -0.36%
SR B -0.35%
STAG D -0.35%
BLD D -0.34%
IBP C -0.34%
GDDY A -0.33%
BAH B -0.31%
RPRX D -0.29%
SPGI C -0.28%
AMP B -0.26%
UNP C -0.24%
NEU D -0.23%
ANF C -0.22%
AEO C -0.21%
MGM F -0.21%
FIX C -0.2%
NTRA A -0.19%
SKT D -0.14%
FG B -0.13%
DOCS F -0.12%
PHM A -0.11%
EXEL D -0.11%
MOD B -0.11%
VCTR A -0.09%
ROCK D -0.07%
WDAY D -0.0%
PNC A -0.0%
DNUT F --0.05%
HTZ F --0.06%
AWR C --0.06%
ENPH F --0.07%
TROX A --0.07%
IAS F --0.08%
PYCR F --0.08%
JOBY D --0.08%
LGIH D --0.08%
MCW D --0.08%
ATI B --0.09%
PTCT B --0.09%
PLNT F --0.09%
CWST D --0.09%
RYAN D --0.09%
ACVA D --0.1%
DRVN F --0.1%
PCH D --0.1%
GOGL A --0.11%
EXR C --0.11%
CHK B --0.11%
WTW D --0.11%
DAY F --0.11%
CHDN B --0.11%
VAC C --0.11%
MDU A --0.12%
IPAR F --0.13%
TFC A --0.13%
GME C --0.13%
AVAV B --0.14%
LFST D --0.14%
CNXC F --0.15%
XYL A --0.15%
CZR F --0.15%
FL F --0.15%
O B --0.15%
RBA D --0.15%
CRS A --0.15%
GPOR C --0.16%
HAYW C --0.16%
ARWR F --0.16%
SRE B --0.16%
FOXF F --0.16%
AXON A --0.16%
WAFD B --0.17%
IOVA D --0.17%
UCBI B --0.17%
WTM A --0.17%
FOUR F --0.18%
WAL C --0.18%
GPI A --0.18%
UHAL C --0.18%
MTN F --0.18%
DG D --0.19%
HASI C --0.19%
GATX C --0.19%
IRT B --0.19%
PR B --0.19%
PPBI D --0.2%
SBCF C --0.2%
CABO F --0.21%
ROG C --0.21%
EQT B --0.22%
SHC F --0.23%
IRTC C --0.24%
ATO A --0.24%
CG D --0.25%
GO F --0.25%
PRCT A --0.25%
EVH F --0.25%
ASB A --0.25%
NOG B --0.26%
GTLS C --0.26%
LW D --0.26%
DLTR D --0.26%
CFLT D --0.27%
UI F --0.27%
FNB A --0.27%
RNR D --0.27%
NOVT D --0.28%
NNI A --0.28%
NEOG F --0.29%
TOST D --0.29%
PFSI A --0.29%
ALB D --0.3%
MS A --0.31%
FIVE F --0.32%
IAC C --0.34%
FYBR C --0.34%
NXST C --0.34%
BX D --0.35%
IBKR A --0.35%
TGNA D --0.37%
MSTR D --0.38%
SATS B --0.4%
RVMD A --0.4%
LBRDK F --0.42%
MSGS B --0.42%
DAR F --0.42%
UTHR A --0.42%
ZI C --0.43%
GFS D --0.44%
FND D --0.45%
ASAN F --0.46%
ALGM C --0.53%
KLIC D --0.55%
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