HDV vs. CLSE ETF Comparison

Comparison of iShares High Dividend ETF (HDV) to Convergence Long/Short Equity ETF (CLSE)

HDV

iShares High Dividend ETF

HDV Description

The investment seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the MorningstarÂ® Dividend Yield Focus IndexSM (the "underlying index"), which offers exposure to high quality U.S.-domiciled companies that have had strong financial health and an ability to sustain above average dividend payouts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$108.35

Average Daily Volume

271,705

Number of Holdings ^*

* 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

$21.62

Average Daily Volume

94,522

Number of Holdings ^*

347

* may have additional holdings in another (foreign) market

Performance

Period	HDV	CLSE
30 Days	-0.71%	3.40%
60 Days	0.95%	6.19%
90 Days	-0.33%	4.34%
12 Months	11.15%	39.00%

16 Overlapping Holdings

Symbol	Grade	Weight in HDV	Weight in CLSE	Overlap
ABBV	B	6.54%	0.86%	0.86%
BX	B	1.39%	-0.29%	-0.29%
CG	D	0.17%	-0.19%	-0.19%
CHK	D	0.17%	-0.18%	-0.18%
GLW	B	0.53%	0.5%	0.5%
HSY	F	0.47%	-0.22%	-0.22%
JHG	A	0.12%	0.42%	0.12%
JNJ	F	7.03%	0.85%	0.85%
MC	A	0.08%	-0.29%	-0.29%
MO	A	3.96%	0.74%	0.74%
PNW	C	0.23%	0.47%	0.23%
SBUX	F	1.5%	-0.28%	-0.28%
SRE	B	0.9%	-0.44%	-0.44%
TXN	B	2.68%	-0.86%	-0.86%
WTRG	D	0.18%	-0.09%	-0.09%
XOM	C	10.13%	0.65%	0.65%

HDV Overweight 59 Positions Relative to CLSE

Symbol	Grade	Weight
CVX	C	7.18%
VZ	B	6.72%
PM	A	4.66%
KO	A	4.47%
PEP	D	4.13%
CMCSA	F	2.86%
COP	D	2.17%
MDT	D	2.06%
SO	B	1.82%
DUK	D	1.82%
LMT	B	1.59%
PNC	B	1.43%
WMB	B	1.39%
KMI	B	1.33%
EOG	C	1.26%
PSX	C	1.17%
DOW	D	1.08%
AEP	C	1.06%
KMB	B	0.98%
FANG	B	0.8%
GIS	D	0.8%
LYB	D	0.75%
PAYX	D	0.75%
PEG	B	0.7%
DVN	C	0.65%
TROW	B	0.64%
SYY	D	0.61%
WEC	D	0.6%
KDP	C	0.56%
FE	D	0.51%
DTE	D	0.48%
PPL	D	0.44%
CHRD	C	0.42%
AMCR	D	0.41%
DRI	D	0.38%
CLX	D	0.36%
CTRA	D	0.36%
EVRG	D	0.34%
GPC	D	0.32%
CINF	B	0.3%
CNP	B	0.29%
LNT	B	0.29%
ATO	B	0.28%
NI	B	0.28%
SWKS	B	0.27%
SNA	D	0.22%
EMN	D	0.21%
AM	B	0.18%
DTM	B	0.17%
WU	C	0.16%
ORI	C	0.16%
INGR	D	0.12%
NJR	C	0.1%
APAM	D	0.1%
ALE	C	0.09%
RDN	B	0.08%
MSM	D	0.08%
CNS	B	0.04%
REYN	D	0.03%

HDV Underweight 331 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-4.5%
MSFT	A	-3.57%
AMZN	A	-3.51%
GOOGL	A	-3.02%
MU	C	-2.44%
QCOM	B	-2.44%
GOOG	A	-2.43%
AMAT	B	-2.38%
ANET	A	-2.02%
NTAP	A	-1.94%
META	B	-1.82%
APP	B	-1.76%
APH	B	-1.52%
GDDY	A	-1.52%
IBM	B	-1.48%
CRWD	B	-1.45%
WMT	A	-1.42%
CVNA	B	-1.33%
CVLT	A	-1.23%
SNX	D	-1.09%
T	B	-0.92%
SYF	A	-0.91%
CRBG	B	-0.89%
HALO	B	-0.89%
MRK	C	-0.88%
AMG	C	-0.88%
DOCU	C	-0.87%
NTNX	C	-0.87%
OGN	C	-0.84%
MUSA	B	-0.8%
COIN	C	-0.79%
MPC	C	-0.79%
PYPL	D	-0.77%
HD	C	-0.77%
SEIC	D	-0.77%
MCK	B	-0.76%
SPOT	B	-0.75%
BAC	A	-0.75%
BRBR	C	-0.75%
PINS	B	-0.74%
AAPL	A	-0.74%
NFLX	A	-0.74%
ICLR	B	-0.74%
ACIW	A	-0.72%
PBF	D	-0.72%
EME	D	-0.72%
GM	B	-0.72%
PAGS	C	-0.71%
PG	C	-0.7%
BG	B	-0.7%
THC	B	-0.69%
PPC	A	-0.68%
HQY	B	-0.67%
JPM	A	-0.66%
VLO	C	-0.66%
HIMS	C	-0.66%
PRU	A	-0.65%
TSN	C	-0.65%
SKYW	B	-0.64%
F	B	-0.64%
WFC	C	-0.64%
OC	D	-0.62%
AMRX	C	-0.61%
AMGN	B	-0.61%
NU	B	-0.61%
CAT	D	-0.6%
FITB	C	-0.6%
AXP	C	-0.6%
VRT	D	-0.6%
UMBF	C	-0.58%
LLY	A	-0.58%
STRL	C	-0.57%
VST	C	-0.56%
MLI	C	-0.55%
SM	D	-0.55%
PSTG	B	-0.54%
IIPR	B	-0.53%
AIT	B	-0.53%
IESC	C	-0.52%
UHS	B	-0.52%
RGA	B	-0.52%
SQ	D	-0.52%
NEE	D	-0.51%
BAH	B	-0.51%
DVA	C	-0.5%
UNP	D	-0.5%
DY	B	-0.5%
GVA	B	-0.49%
LNTH	B	-0.49%
NRG	C	-0.48%
FTDR	D	-0.47%
AVA	D	-0.47%
ALL	D	-0.47%
REZI	D	-0.47%
FDX	A	-0.47%
NEM	B	-0.46%
VTRS	D	-0.46%
EEFT	D	-0.46%
SLVM	C	-0.45%
FCX	D	-0.45%
DPZ	C	-0.44%
GFF	C	-0.44%
MGM	C	-0.43%
CNA	B	-0.43%
BCO	B	-0.43%
GILD	C	-0.43%
EQR	A	-0.43%
AMR	C	-0.41%
LDOS	B	-0.41%
KNF	D	-0.41%
BCC	F	-0.4%
MRO	B	-0.4%
NSA	B	-0.4%
STNG	B	-0.39%
GRMN	B	-0.39%
TNK	B	-0.38%
SPG	B	-0.35%
DKNG	F	-0.35%
STAG	B	-0.34%
ROAD	C	-0.34%
EXP	D	-0.32%
STLD	C	-0.31%
ANF	B	-0.31%
KD	B	-0.3%
BLD	D	-0.29%
BKNG	B	-0.29%
IBP	D	-0.27%
CNC	D	-0.26%
ITRI	D	-0.25%
KR	C	-0.25%
PGR	B	-0.25%
HRB	A	-0.24%
J	D	-0.24%
UBER	B	-0.23%
DOCS	C	-0.23%
SKT	D	-0.22%
SNEX	C	-0.22%
VCTR	D	-0.21%
LOPE	C	-0.21%
DECK	C	-0.2%
NTRA	B	-0.2%
SMCI	C	-0.2%
MAN	D	-0.19%
EBAY	B	-0.15%
FG	D	-0.14%
APPF	B	-0.13%
INCY	B	-0.12%
PFE	C	-0.1%
HOOD	B	-0.07%
AIG	C	-0.04%
IRT	A	--0.04%
DOC	B	--0.05%
VTR	A	--0.06%
JOBY	F	--0.06%
PLNT	B	--0.07%
CHDN	B	--0.07%
JBHT	F	--0.07%
CWST	B	--0.07%
RRC	C	--0.07%
EXAS	F	--0.08%
PNM	D	--0.08%
RYAN	B	--0.08%
AWR	D	--0.08%
AES	D	--0.08%
VAC	F	--0.09%
WHR	C	--0.09%
PENN	C	--0.09%
MCW	F	--0.09%
LPX	D	--0.09%
WOR	F	--0.1%
PR	C	--0.1%
ZWS	D	--0.1%
PYCR	D	--0.11%
DAY	F	--0.11%
EQIX	C	--0.11%
SUI	C	--0.11%
ALNY	B	--0.11%
EXR	B	--0.11%
ACVA	C	--0.11%
MAC	D	--0.12%
SITC	B	--0.12%
LGIH	F	--0.12%
PCH	F	--0.12%
TXG	F	--0.13%
AGL	D	--0.13%
CRS	B	--0.13%
WTM	C	--0.13%
KNSL	F	--0.14%
VFC	D	--0.14%
LUV	C	--0.14%
LHX	B	--0.14%
AAP	F	--0.14%
UHAL	D	--0.14%
NOVT	C	--0.14%
NARI	C	--0.14%
AJG	A	--0.15%
CAR	F	--0.15%
ROK	D	--0.15%
WTW	B	--0.15%
CNXC	C	--0.15%
VMC	D	--0.15%
CLDX	C	--0.16%
CZR	C	--0.16%
SPR	B	--0.16%
IRTC	D	--0.16%
LNC	B	--0.16%
KVUE	F	--0.16%
SHC	C	--0.16%
FOXF	C	--0.16%
ASB	C	--0.16%
XYL	D	--0.16%
GATX	B	--0.16%
FLNC	F	--0.16%
RUN	D	--0.16%
EL	F	--0.17%
BE	F	--0.17%
FMC	F	--0.17%
FL	D	--0.17%
PPBI	C	--0.18%
SBCF	C	--0.18%
MSGS	B	--0.18%
CACC	C	--0.18%
XP	F	--0.18%
ALLY	B	--0.18%
PRCT	C	--0.19%
MTN	F	--0.19%
IVZ	C	--0.19%
PGNY	D	--0.2%
IPAR	F	--0.2%
UEC	F	--0.2%
BANC	C	--0.2%
GMED	B	--0.2%
DLTR	D	--0.2%
WAFD	C	--0.2%
KNX	C	--0.2%
NFE	F	--0.2%
GTLS	D	--0.2%
DG	D	--0.2%
ARWR	C	--0.21%
BIO	F	--0.21%
CARR	C	--0.21%
EVR	A	--0.21%
LAD	D	--0.21%
O	D	--0.21%
FCNCA	C	--0.21%
TSLA	B	--0.21%
BOKF	C	--0.21%
MRNA	D	--0.21%
HI	F	--0.21%
GO	D	--0.21%
UCBI	C	--0.21%
CRL	F	--0.21%
GE	D	--0.21%
GPOR	C	--0.22%
SUM	D	--0.22%
CNH	F	--0.22%
RBA	B	--0.22%
CALM	B	--0.22%
WAL	B	--0.22%
PEN	F	--0.23%
TGNA	D	--0.23%
EQT	D	--0.23%
APD	D	--0.23%
OKE	A	--0.24%
NOG	C	--0.24%
VSAT	F	--0.24%
LW	F	--0.24%
ALB	F	--0.24%
D	D	--0.24%
RNR	D	--0.24%
VVV	B	--0.25%
DAR	D	--0.25%
MS	B	--0.25%
INSP	F	--0.25%
CABO	F	--0.26%
SJM	D	--0.26%
HASI	D	--0.27%
GLOB	C	--0.27%
NEOG	C	--0.28%
MKTX	F	--0.28%
RVMD	D	--0.28%
NDAQ	C	--0.29%
RIVN	C	--0.29%
GS	A	--0.29%
INST	C	--0.3%
FOUR	B	--0.3%
RCM	F	--0.31%
FIVE	F	--0.32%
BBIO	F	--0.32%
ASAN	D	--0.32%
BOOT	B	--0.33%
CIEN	F	--0.33%
FICO	A	--0.34%
KMX	B	--0.35%
CCOI	D	--0.35%
TECH	D	--0.35%
DIOD	C	--0.36%
FIVN	D	--0.36%
APLS	F	--0.37%
TTWO	B	--0.37%
IAC	F	--0.37%
WBD	F	--0.38%
LBRDK	C	--0.38%
RIOT	D	--0.39%
VSH	F	--0.39%
PARA	D	--0.39%
ZI	F	--0.39%
ADBE	B	--0.4%
FND	F	--0.41%
MARA	B	--0.43%
U	F	--0.45%
LYV	C	--0.45%
AEIS	C	--0.45%
DV	D	--0.46%
SATS	B	--0.46%
RH	D	--0.48%
COHR	B	--0.48%
CFLT	C	--0.49%
ZBRA	C	--0.51%
PANW	B	--0.55%
GFS	C	--0.57%
CGNX	B	--0.57%
LITE	B	--0.58%
SNPS	B	--0.59%
WOLF	F	--0.63%
SITM	B	--0.63%
BA	C	--0.64%
QQQ	A	--0.68%
MCHP	C	--0.73%
KLIC	B	--0.8%
INTC	D	--0.84%