FTQI vs. CLSE ETF Comparison
Comparison of First Trust Low Beta Income ETF (FTQI) to Convergence Long/Short Equity ETF (CLSE)
FTQI
First Trust Low Beta Income ETF
FTQI Description
The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$20.39
Average Daily Volume
116,392
Number of Holdings
*
194
* 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
$22.02
Average Daily Volume
50,834
Number of Holdings
*
325
* may have additional holdings in another (foreign) market
Performance
| Period | FTQI | CLSE |
|---|---|---|
| 30 Days | 2.55% | 1.80% |
| 60 Days | 3.27% | 5.28% |
| 90 Days | 1.85% | 2.71% |
| 12 Months | 20.52% | 36.41% |
58 Overlapping Holdings
| Symbol | Grade | Weight in FTQI | Weight in CLSE | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 9.22% | 2.17% | 2.17% | |
| ABBV | B | 0.2% | 1.03% | 0.2% | |
| ADBE | F | 1.54% | -0.37% | -0.37% | |
| ALNY | C | 0.14% | 0.12% | 0.12% | |
| AMZN | C | 4.32% | 2.44% | 2.44% | |
| ANET | C | 0.3% | 1.87% | 0.3% | |
| APLS | F | 0.14% | -0.27% | -0.27% | |
| APP | C | 0.22% | 1.96% | 0.22% | |
| AVGO | C | 4.42% | 2.6% | 2.6% | |
| CAT | B | 0.14% | 0.34% | 0.14% | |
| CG | C | 0.33% | -0.16% | -0.16% | |
| CHDN | D | 0.15% | -0.16% | -0.16% | |
| CHRW | B | 0.17% | 0.63% | 0.17% | |
| CINF | C | 0.15% | -0.2% | -0.2% | |
| CSCO | B | 1.41% | -0.23% | -0.23% | |
| CVLT | B | 0.08% | 1.64% | 0.08% | |
| DOCU | C | 0.07% | 1.21% | 0.07% | |
| EXAS | D | 0.17% | -0.35% | -0.35% | |
| EXPE | C | 0.18% | 0.5% | 0.18% | |
| FCNCA | D | 0.15% | -0.2% | -0.2% | |
| FITB | B | 0.15% | 0.62% | 0.15% | |
| GE | C | 0.12% | -0.29% | -0.29% | |
| GOOG | D | 1.76% | 1.25% | 1.25% | |
| GOOGL | D | 1.77% | 3.05% | 1.77% | |
| HALO | D | 0.19% | 1.05% | 0.19% | |
| IDCC | B | 0.18% | 0.83% | 0.18% | |
| IESC | B | 0.22% | 0.54% | 0.22% | |
| LITE | B | 0.19% | -0.73% | -0.73% | |
| LNTH | D | 0.15% | 0.47% | 0.15% | |
| META | B | 4.39% | 3.19% | 3.19% | |
| MKTX | D | 0.12% | -0.36% | -0.36% | |
| MSFT | C | 8.53% | 1.12% | 1.12% | |
| MUSA | D | 0.15% | 0.47% | 0.15% | |
| NDAQ | C | 0.34% | -0.35% | -0.35% | |
| NFLX | B | 2.07% | 0.31% | 0.31% | |
| NTAP | D | 0.81% | 1.88% | 0.81% | |
| NTRA | C | 0.17% | 0.15% | 0.15% | |
| NTRS | C | 0.16% | 0.98% | 0.16% | |
| NVDA | C | 4.62% | 3.93% | 3.93% | |
| ORCL | B | 0.69% | 1.23% | 0.69% | |
| PGR | C | 0.14% | 0.54% | 0.14% | |
| POOL | C | 0.16% | -0.57% | -0.57% | |
| PTEN | F | 0.24% | -0.26% | -0.26% | |
| QCOM | D | 1.26% | 2.6% | 1.26% | |
| RGLD | C | 0.13% | 0.42% | 0.13% | |
| RVMD | C | 0.18% | -0.33% | -0.33% | |
| SOFI | D | 0.16% | -0.22% | -0.22% | |
| STRL | C | 0.2% | 0.65% | 0.2% | |
| TMDX | C | 0.14% | -0.21% | -0.21% | |
| TSLA | C | 2.33% | 0.58% | 0.58% | |
| TXN | B | 1.6% | -0.86% | -0.86% | |
| UMBF | C | 0.21% | 0.73% | 0.21% | |
| VMC | C | 0.12% | -0.12% | -0.12% | |
| WAT | B | 0.12% | -0.26% | -0.26% | |
| WMT | B | 0.36% | 1.95% | 0.36% | |
| WTW | B | 0.15% | -0.1% | -0.1% | |
| XOM | D | 0.14% | 0.59% | 0.14% | |
| ZBRA | B | 0.35% | -0.38% | -0.38% |
FTQI Overweight 136 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| COST | C | 2.64% | |
| AMD | C | 1.77% | |
| PEP | D | 1.6% | |
| TMUS | B | 1.51% | |
| INTU | D | 1.26% | |
| LIN | B | 1.25% | |
| EQIX | B | 1.23% | |
| LLY | D | 1.13% | |
| CME | B | 0.92% | |
| CHKP | B | 0.8% | |
| SPGI | C | 0.63% | |
| OTTR | F | 0.54% | |
| APH | C | 0.54% | |
| UFPI | C | 0.53% | |
| MGEE | C | 0.51% | |
| CRM | C | 0.48% | |
| PTC | C | 0.48% | |
| LNT | A | 0.48% | |
| DUOL | C | 0.42% | |
| NOW | C | 0.42% | |
| ICLR | F | 0.42% | |
| STX | B | 0.41% | |
| TYL | C | 0.39% | |
| CASY | D | 0.39% | |
| WFRD | F | 0.38% | |
| A | C | 0.38% | |
| BGC | D | 0.37% | |
| SNY | B | 0.35% | |
| MEDP | F | 0.34% | |
| APA | F | 0.34% | |
| AMT | C | 0.33% | |
| MPWR | B | 0.33% | |
| SBAC | C | 0.31% | |
| BCPC | C | 0.3% | |
| PAGP | D | 0.3% | |
| TRMD | D | 0.3% | |
| ERIE | B | 0.29% | |
| TSCO | B | 0.28% | |
| MORN | C | 0.27% | |
| EVRG | B | 0.25% | |
| OLED | D | 0.24% | |
| WWD | C | 0.24% | |
| NBIX | F | 0.23% | |
| EWBC | C | 0.23% | |
| BMRN | F | 0.23% | |
| PNFP | C | 0.22% | |
| CL | C | 0.22% | |
| PCVX | C | 0.22% | |
| V | C | 0.22% | |
| MKSI | F | 0.21% | |
| CYBR | B | 0.21% | |
| OLLI | C | 0.2% | |
| ASND | C | 0.2% | |
| MTSI | C | 0.2% | |
| MANH | B | 0.2% | |
| COKE | C | 0.2% | |
| VRNS | B | 0.2% | |
| FFIV | B | 0.19% | |
| BNTX | C | 0.19% | |
| MSI | B | 0.19% | |
| ICUI | C | 0.19% | |
| DOX | C | 0.18% | |
| EBAY | B | 0.18% | |
| SSNC | C | 0.18% | |
| SAIA | D | 0.18% | |
| PODD | C | 0.18% | |
| NOVT | D | 0.18% | |
| HOOD | C | 0.17% | |
| QRVO | F | 0.17% | |
| REG | C | 0.17% | |
| UTHR | B | 0.17% | |
| TRMB | C | 0.16% | |
| ULTA | D | 0.16% | |
| TWST | D | 0.16% | |
| XRAY | D | 0.16% | |
| AXON | B | 0.16% | |
| VKTX | D | 0.16% | |
| INCY | C | 0.16% | |
| ZION | D | 0.15% | |
| ACHC | D | 0.15% | |
| CYTK | F | 0.15% | |
| JBHT | D | 0.15% | |
| JAZZ | D | 0.15% | |
| LSTR | D | 0.15% | |
| ITRI | C | 0.15% | |
| ENSG | D | 0.15% | |
| TECH | C | 0.15% | |
| HBAN | B | 0.15% | |
| TTEK | C | 0.15% | |
| BSY | C | 0.15% | |
| ARGX | B | 0.15% | |
| MTD | C | 0.14% | |
| MIDD | C | 0.14% | |
| AAON | B | 0.14% | |
| ACLS | F | 0.14% | |
| WIX | C | 0.14% | |
| UPST | C | 0.14% | |
| MDGL | F | 0.14% | |
| AXP | B | 0.14% | |
| LECO | D | 0.14% | |
| RMD | C | 0.14% | |
| RPRX | C | 0.14% | |
| MRUS | D | 0.14% | |
| GH | F | 0.14% | |
| ETN | C | 0.13% | |
| FRPT | C | 0.13% | |
| UFPT | D | 0.13% | |
| LEGN | F | 0.13% | |
| KRYS | D | 0.13% | |
| COIN | F | 0.13% | |
| SRPT | F | 0.13% | |
| VEEV | C | 0.13% | |
| LOW | B | 0.12% | |
| LANC | F | 0.12% | |
| PH | B | 0.12% | |
| SHOO | B | 0.12% | |
| DJT | F | 0.11% | |
| MASI | C | 0.11% | |
| LOGI | D | 0.11% | |
| TROW | C | 0.1% | |
| SFM | B | 0.1% | |
| HOLX | D | 0.1% | |
| WM | D | 0.1% | |
| CRVL | B | 0.09% | |
| MMYT | D | 0.09% | |
| BL | D | 0.08% | |
| ACGL | B | 0.06% | |
| CSWI | B | 0.06% | |
| TW | B | 0.05% | |
| OKTA | F | 0.05% | |
| GEV | B | 0.04% | |
| CVCO | B | 0.04% | |
| NWSA | D | 0.04% | |
| RXST | D | 0.02% | |
| RGEN | F | 0.02% | |
| REYN | C | 0.01% |
FTQI Underweight 267 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| CVNA | B | -1.74% | |
| IBM | B | -1.71% | |
| HPE | C | -1.63% | |
| GDDY | C | -1.55% | |
| HD | B | -1.18% | |
| ACIW | B | -1.14% | |
| T | B | -1.03% | |
| PYPL | B | -1.03% | |
| SNEX | C | -1.03% | |
| AMG | C | -1.02% | |
| JHG | B | -0.99% | |
| MU | D | -0.97% | |
| JNJ | C | -0.96% | |
| GILD | B | -0.93% | |
| AVT | B | -0.92% | |
| SYF | C | -0.9% | |
| AMRX | C | -0.89% | |
| OGN | D | -0.89% | |
| THC | C | -0.85% | |
| EME | B | -0.84% | |
| DVA | B | -0.84% | |
| SEIC | B | -0.82% | |
| BAC | D | -0.82% | |
| UHS | C | -0.82% | |
| VLO | F | -0.8% | |
| NTNX | D | -0.8% | |
| MLI | B | -0.77% | |
| MO | C | -0.77% | |
| FTDR | B | -0.76% | |
| MPC | F | -0.74% | |
| PPC | D | -0.73% | |
| CNC | D | -0.73% | |
| PG | C | -0.72% | |
| BG | F | -0.72% | |
| JXN | B | -0.69% | |
| IIPR | B | -0.68% | |
| GVA | B | -0.65% | |
| OSCR | D | -0.6% | |
| JPM | D | -0.6% | |
| CAH | C | -0.6% | |
| UNP | D | -0.59% | |
| RF | B | -0.59% | |
| VST | B | -0.59% | |
| PATK | C | -0.58% | |
| DVN | F | -0.58% | |
| TSN | D | -0.57% | |
| PRIM | B | -0.57% | |
| WFC | D | -0.57% | |
| CFG | D | -0.57% | |
| SLVM | C | -0.56% | |
| ADMA | C | -0.56% | |
| MTZ | C | -0.56% | |
| GM | C | -0.56% | |
| NRG | B | -0.56% | |
| AMGN | D | -0.55% | |
| AVA | B | -0.55% | |
| PNW | C | -0.55% | |
| NEE | B | -0.55% | |
| MET | B | -0.55% | |
| RGA | C | -0.54% | |
| MRK | F | -0.54% | |
| MWA | B | -0.54% | |
| NEM | C | -0.53% | |
| LMT | A | -0.53% | |
| CVX | F | -0.52% | |
| FDX | D | -0.52% | |
| VRT | C | -0.51% | |
| HRB | C | -0.51% | |
| BMY | C | -0.5% | |
| NSA | C | -0.49% | |
| CNA | D | -0.49% | |
| RTX | B | -0.49% | |
| EEFT | F | -0.46% | |
| ACT | C | -0.46% | |
| KLAC | D | -0.46% | |
| MCK | F | -0.45% | |
| REZI | D | -0.44% | |
| LAMR | B | -0.43% | |
| EQR | C | -0.43% | |
| MRO | D | -0.41% | |
| SCCO | C | -0.4% | |
| LDOS | A | -0.4% | |
| SPG | B | -0.4% | |
| FCX | C | -0.39% | |
| KMB | C | -0.39% | |
| SAIC | C | -0.39% | |
| KNF | C | -0.38% | |
| CTRE | C | -0.36% | |
| J | A | -0.36% | |
| TOL | A | -0.35% | |
| BCO | B | -0.34% | |
| ABM | D | -0.34% | |
| GLW | B | -0.33% | |
| SM | F | -0.33% | |
| ALSN | B | -0.33% | |
| EXP | B | -0.33% | |
| STAG | D | -0.33% | |
| IBP | C | -0.33% | |
| NVR | B | -0.31% | |
| VTRS | D | -0.31% | |
| JLL | B | -0.3% | |
| CPNG | B | -0.27% | |
| BKNG | B | -0.26% | |
| CCL | C | -0.25% | |
| ANF | D | -0.23% | |
| MHO | B | -0.19% | |
| KR | B | -0.17% | |
| SPOT | C | -0.13% | |
| ADUS | C | -0.12% | |
| GRMN | D | -0.09% | |
| QQQ | B | -0.0% | |
| JOBY | F | --0.04% | |
| AEE | B | --0.04% | |
| BC | C | --0.05% | |
| WOR | F | --0.05% | |
| CAR | D | --0.06% | |
| FOXF | F | --0.08% | |
| AES | C | --0.08% | |
| ALIT | D | --0.08% | |
| CZR | C | --0.09% | |
| NXST | D | --0.09% | |
| DRVN | C | --0.1% | |
| VAC | D | --0.1% | |
| HGV | F | --0.1% | |
| AWR | C | --0.1% | |
| MCW | F | --0.1% | |
| HHH | C | --0.11% | |
| ACVA | C | --0.11% | |
| AGL | F | --0.11% | |
| PGNY | F | --0.12% | |
| AAL | D | --0.12% | |
| VAL | F | --0.12% | |
| COLD | D | --0.12% | |
| VSAT | F | --0.12% | |
| CC | D | --0.13% | |
| LAD | B | --0.13% | |
| PPBI | D | --0.14% | |
| RBLX | C | --0.14% | |
| AA | C | --0.14% | |
| VFC | B | --0.14% | |
| SJM | C | --0.15% | |
| EXR | C | --0.15% | |
| PCH | C | --0.15% | |
| MTN | D | --0.15% | |
| DAY | D | --0.15% | |
| PYCR | D | --0.15% | |
| CLDX | F | --0.16% | |
| WY | C | --0.16% | |
| WTRG | D | --0.16% | |
| ILMN | D | --0.16% | |
| AESI | D | --0.16% | |
| KRG | C | --0.16% | |
| CHK | C | --0.16% | |
| CIEN | B | --0.17% | |
| CGON | C | --0.17% | |
| UHAL | B | --0.17% | |
| WAL | B | --0.17% | |
| OKE | C | --0.18% | |
| GTLS | F | --0.18% | |
| VNO | B | --0.18% | |
| AVAV | C | --0.18% | |
| UEC | D | --0.18% | |
| HI | F | --0.18% | |
| BEAM | F | --0.18% | |
| ENOV | F | --0.18% | |
| TXG | D | --0.18% | |
| CNH | C | --0.19% | |
| KNSL | D | --0.19% | |
| BIRK | F | --0.2% | |
| BANC | C | --0.2% | |
| XPO | D | --0.2% | |
| BE | F | --0.2% | |
| APD | B | --0.2% | |
| LKQ | F | --0.2% | |
| WOLF | F | --0.2% | |
| NTLA | F | --0.2% | |
| TFC | D | --0.2% | |
| TTD | B | --0.2% | |
| COLB | B | --0.21% | |
| RBA | D | --0.21% | |
| LUV | C | --0.21% | |
| IRTC | F | --0.21% | |
| AJG | D | --0.21% | |
| AGCO | D | --0.21% | |
| EL | D | --0.21% | |
| SHC | C | --0.22% | |
| SBUX | C | --0.22% | |
| WBA | F | --0.22% | |
| TREX | F | --0.22% | |
| GPOR | C | --0.22% | |
| IPAR | D | --0.23% | |
| COTY | D | --0.23% | |
| XYL | C | --0.23% | |
| WTM | F | --0.23% | |
| SW | B | --0.24% | |
| DXCM | F | --0.24% | |
| CNX | B | --0.24% | |
| RNR | B | --0.24% | |
| FLYW | F | --0.24% | |
| AEIS | D | --0.24% | |
| VSH | F | --0.25% | |
| WSC | D | --0.25% | |
| BIO | C | --0.25% | |
| SUM | D | --0.25% | |
| EQT | C | --0.26% | |
| ALB | D | --0.26% | |
| SITE | D | --0.27% | |
| AL | C | --0.27% | |
| HASI | C | --0.27% | |
| GMED | D | --0.28% | |
| GT | F | --0.28% | |
| HSY | D | --0.28% | |
| VVV | D | --0.28% | |
| CELH | F | --0.29% | |
| LW | D | --0.29% | |
| DLTR | F | --0.29% | |
| FDS | C | --0.3% | |
| PSA | C | --0.31% | |
| INSP | D | --0.31% | |
| LVS | C | --0.31% | |
| PEN | D | --0.31% | |
| SRE | B | --0.32% | |
| TOST | C | --0.32% | |
| D | C | --0.32% | |
| NEOG | D | --0.32% | |
| EVTC | D | --0.33% | |
| MARA | D | --0.33% | |
| MRNA | F | --0.33% | |
| MNST | D | --0.33% | |
| ON | D | --0.34% | |
| FOUR | C | --0.34% | |
| LPLA | D | --0.35% | |
| IAC | C | --0.35% | |
| ZI | D | --0.36% | |
| BBIO | F | --0.36% | |
| FIVN | F | --0.36% | |
| ENPH | D | --0.36% | |
| AFRM | D | --0.36% | |
| LYV | A | --0.37% | |
| KLIC | D | --0.37% | |
| BA | F | --0.38% | |
| RIOT | F | --0.39% | |
| BRZE | F | --0.4% | |
| RIVN | F | --0.4% | |
| PATH | D | --0.4% | |
| C | C | --0.42% | |
| WBD | D | --0.43% | |
| CCOI | C | --0.44% | |
| CGNX | F | --0.44% | |
| GLOB | D | --0.45% | |
| TTWO | D | --0.46% | |
| SATS | C | --0.46% | |
| MDB | D | --0.47% | |
| FIVE | D | --0.48% | |
| DV | F | --0.49% | |
| BILL | D | --0.49% | |
| MCHP | D | --0.51% | |
| CFLT | F | --0.53% | |
| RH | C | --0.56% | |
| LBRDK | C | --0.58% | |
| SMCI | F | --0.58% | |
| WDC | C | --0.6% | |
| U | D | --0.63% | |
| FND | C | --0.63% | |
| LSCC | D | --0.65% | |
| GFS | F | --0.67% | |
| INTC | D | --0.89% |
FTQI: Top Represented Industries & Keywords
Industries:
Biotechnology
Software - Application
Diagnostics & Research
Software - Infrastructure
Semiconductors
Banks - Regional - US
Medical Instruments & Supplies
Specialty Retail
Capital Markets
Credit Services
Diversified Industrials
Internet Content & Information
Scientific & Technical Instruments
Telecom Services
Asset Management
Communication Equipment
Discount Stores
Drug Manufacturers - Major
Engineering & Construction
Insurance Brokers
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Semiconductors
Banks - Regional - US
Diagnostics & Research
Software - Infrastructure
Engineering & Construction
Oil & Gas E&P
Asset Management
Building Materials
Communication Equipment
Drug Manufacturers - Major
Information Technology Services
Internet Content & Information
REIT - Industrial
Business Services
Capital Markets
Diversified Industrials
Household & Personal Products
Insurance - Property & Casualty
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