IQSM vs. CLSE ETF Comparison

Comparison of IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM) to Convergence Long/Short Equity ETF (CLSE)

IQSM

IQ Candriam ESG U.S. Mid Cap Equity ETF

IQSM Description

IQ Candriam ESG U.S. Mid Cap Equity ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of mid-cap companies. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index, by using full replication technique. IQ Candriam ESG U.S. Mid Cap Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.29

Average Daily Volume

13,747

Number of Holdings ^*

214

* 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

$23.68

Average Daily Volume

66,024

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	IQSM	CLSE
30 Days	4.29%	4.69%
60 Days	5.32%	6.81%
90 Days	6.64%	9.38%
12 Months	27.71%	39.93%

52 Overlapping Holdings

Symbol	Grade	Weight in IQSM	Weight in CLSE	Overlap
AA	B	0.35%	-0.14%	-0.14%
AGCO	D	0.28%	-0.18%	-0.18%
ALB	C	0.57%	-0.16%	-0.16%
BEN	C	0.33%	-0.36%	-0.36%
BPOP	B	0.33%	-0.14%	-0.14%
CACC	D	0.13%	-0.36%	-0.36%
CFLT	B	0.31%	-0.47%	-0.47%
CGNX	C	0.33%	-0.45%	-0.45%
CHRW	C	0.62%	0.61%	0.61%
COTY	F	0.13%	-0.18%	-0.18%
CRL	C	0.48%	-0.15%	-0.15%
DAR	C	0.31%	-0.16%	-0.16%
DAY	B	0.55%	-0.14%	-0.14%
DOCU	A	0.77%	1.37%	0.77%
DVA	B	0.4%	0.78%	0.4%
EME	C	1.12%	0.75%	0.75%
ESTC	C	0.36%	-0.29%	-0.29%
EXAS	D	0.45%	-0.07%	-0.07%
FFIV	B	0.68%	0.6%	0.6%
FIVE	F	0.23%	-0.56%	-0.56%
FN	D	0.44%	0.13%	0.13%
FND	C	0.51%	-0.53%	-0.53%
FTI	A	0.58%	0.74%	0.58%
GEN	B	0.79%	0.68%	0.68%
GNTX	C	0.34%	-0.09%	-0.09%
GTLS	B	0.34%	-0.15%	-0.15%
HALO	F	0.32%	0.9%	0.32%
JAZZ	B	0.36%	0.16%	0.16%
JLL	D	0.6%	0.2%	0.2%
KEY	B	0.85%	-0.25%	-0.25%
KNX	B	0.42%	-0.06%	-0.06%
LKQ	D	0.47%	-0.17%	-0.17%
LSCC	D	0.33%	-0.7%	-0.7%
LW	C	0.55%	-0.25%	-0.25%
MKTX	D	0.47%	-0.29%	-0.29%
MTN	C	0.31%	-0.22%	-0.22%
MTZ	B	0.41%	0.66%	0.41%
NTNX	A	0.83%	1.16%	0.83%
NWS	A	0.11%	-0.57%	-0.57%
POOL	C	0.66%	-0.61%	-0.61%
REXR	F	0.43%	-0.14%	-0.14%
RGA	A	0.72%	0.55%	0.55%
RIVN	F	0.35%	-0.42%	-0.42%
RNR	C	0.64%	-0.15%	-0.15%
SAIA	B	0.69%	-0.22%	-0.22%
SUM	B	0.28%	-0.22%	-0.22%
TOL	B	0.76%	0.22%	0.22%
TREX	C	0.37%	-0.17%	-0.17%
UTHR	C	0.75%	0.73%	0.73%
WAL	B	0.47%	-0.19%	-0.19%
WTRG	B	0.5%	-0.24%	-0.24%
XPO	B	0.81%	-0.16%	-0.16%

IQSM Overweight 162 Positions Relative to CLSE

Symbol	Grade	Weight
PKG	A	1.0%
YUMC	C	0.86%
PNR	A	0.84%
BURL	A	0.84%
RPM	A	0.83%
MANH	D	0.82%
MAS	D	0.82%
OC	A	0.81%
KIM	A	0.78%
TWLO	A	0.76%
EQH	B	0.75%
FIX	A	0.74%
FLEX	A	0.72%
USFD	A	0.72%
GWRE	A	0.72%
GGG	B	0.71%
ACM	B	0.7%
EWBC	A	0.69%
DT	C	0.68%
SFM	A	0.68%
EPAM	C	0.66%
UDR	B	0.65%
UNM	A	0.65%
TPR	B	0.63%
CPT	B	0.61%
ELS	C	0.61%
ITT	A	0.6%
AMH	D	0.6%
JKHY	D	0.6%
REG	B	0.59%
NBIX	C	0.59%
HST	C	0.59%
KMX	B	0.59%
JNPR	F	0.58%
NVT	B	0.58%
WPC	D	0.57%
PAYC	B	0.56%
RRX	B	0.55%
SJM	D	0.55%
BLD	D	0.55%
BJ	A	0.55%
Z	A	0.55%
AIZ	A	0.54%
DKS	C	0.54%
CG	A	0.54%
NCLH	B	0.54%
TECH	D	0.54%
INSM	C	0.54%
ATR	B	0.54%
SF	B	0.54%
NWSA	B	0.53%
IPG	D	0.53%
TTEK	F	0.52%
CTLT	B	0.51%
CUBE	D	0.51%
PRI	A	0.5%
EHC	B	0.48%
LAD	A	0.48%
AYI	B	0.48%
OHI	C	0.47%
GL	B	0.47%
ALLY	C	0.47%
INGR	B	0.47%
SRPT	D	0.46%
ARMK	B	0.46%
QGEN	D	0.46%
WCC	B	0.46%
PCVX	D	0.46%
GLOB	B	0.46%
DTM	B	0.46%
ORI	A	0.45%
BRBR	A	0.45%
FBIN	D	0.45%
DCI	B	0.44%
ROKU	D	0.44%
TFX	F	0.43%
PCTY	B	0.43%
AXTA	A	0.43%
EXEL	B	0.43%
WMS	D	0.42%
SNX	C	0.42%
AOS	F	0.42%
RVMD	C	0.42%
RL	B	0.41%
TTC	D	0.41%
ITCI	C	0.41%
PEN	B	0.41%
BRX	A	0.41%
GPK	C	0.41%
CHE	D	0.4%
FRT	B	0.4%
PLNT	A	0.4%
MOS	F	0.4%
X	C	0.39%
HAS	D	0.39%
HRB	D	0.39%
VOYA	B	0.39%
NYT	C	0.39%
ONTO	D	0.38%
WH	B	0.37%
HSIC	B	0.37%
MEDP	D	0.37%
RHI	B	0.37%
ADC	B	0.36%
KEX	C	0.36%
OLED	D	0.35%
APG	B	0.35%
G	B	0.35%
MHK	D	0.35%
RGEN	D	0.35%
ANF	C	0.34%
WEX	D	0.34%
ALV	C	0.34%
H	B	0.33%
CMC	B	0.33%
FR	D	0.33%
AGNC	D	0.33%
RYAN	B	0.33%
GXO	B	0.33%
MKSI	C	0.33%
DINO	D	0.32%
AZEK	A	0.32%
LSTR	D	0.32%
PARA	C	0.32%
FCN	D	0.32%
HLNE	B	0.32%
FAF	A	0.31%
STAG	F	0.31%
AXS	A	0.31%
ARW	D	0.3%
WBA	F	0.3%
ESI	A	0.3%
NOV	C	0.3%
MSA	D	0.3%
LFUS	F	0.29%
PVH	C	0.28%
STWD	C	0.28%
CHX	C	0.28%
WFRD	D	0.28%
CROX	D	0.28%
SIGI	C	0.28%
ETSY	D	0.28%
BPMC	C	0.28%
VKTX	F	0.27%
ALTR	B	0.27%
WTS	B	0.27%
CLF	F	0.26%
LEA	D	0.26%
CRUS	D	0.26%
PATH	C	0.26%
POST	C	0.25%
AM	A	0.24%
TKR	D	0.23%
ST	F	0.23%
IBP	D	0.23%
DLB	B	0.21%
AN	C	0.21%
GAP	B	0.21%
ACHC	F	0.17%
ZG	A	0.16%
LEVI	F	0.08%
LCID	F	0.08%

IQSM Underweight 285 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-4.61%
GOOGL	C	-3.47%
META	D	-3.3%
AMZN	C	-2.53%
AVGO	D	-2.28%
APP	B	-2.25%
MU	D	-2.13%
HPE	B	-1.92%
CVNA	B	-1.85%
ANET	C	-1.83%
WMT	A	-1.82%
QCOM	F	-1.73%
IDCC	B	-1.51%
GDDY	A	-1.42%
CVLT	B	-1.4%
PYPL	B	-1.33%
ORCL	B	-1.33%
ACIW	B	-1.3%
TSLA	B	-1.22%
JHG	A	-1.21%
HD	A	-1.13%
SYF	B	-1.11%
BMY	B	-1.11%
NTRS	A	-1.08%
GILD	C	-1.07%
SNEX	B	-1.06%
PLTR	B	-1.02%
NTAP	C	-1.0%
LNG	B	-0.97%
SEIC	B	-0.95%
AMRX	C	-0.9%
BFH	B	-0.88%
GM	B	-0.87%
COR	B	-0.86%
CAH	B	-0.86%
PPC	C	-0.85%
GVA	A	-0.84%
MLI	C	-0.84%
CARG	C	-0.83%
AAPL	C	-0.83%
JNJ	D	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
NFLX	A	-0.79%
THC	D	-0.78%
FITB	A	-0.78%
IESC	B	-0.77%
CPNG	D	-0.77%
WFC	A	-0.75%
CNX	A	-0.74%
PNC	B	-0.72%
ABBV	D	-0.72%
RF	A	-0.72%
STRL	B	-0.71%
ZION	B	-0.71%
CMA	A	-0.71%
NRG	B	-0.71%
UHS	D	-0.7%
TMUS	B	-0.7%
CEIX	A	-0.7%
VRT	B	-0.68%
APH	A	-0.67%
UMBF	B	-0.66%
ALSN	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	C	-0.65%
JPM	A	-0.64%
EXPE	B	-0.61%
TSN	B	-0.6%
FTDR	A	-0.58%
AMG	B	-0.58%
LDOS	C	-0.55%
VST	B	-0.55%
GLW	B	-0.52%
MET	A	-0.52%
SLVM	B	-0.5%
GOOG	C	-0.49%
UI	A	-0.49%
EXP	A	-0.48%
CACI	D	-0.48%
PNW	B	-0.48%
AVA	A	-0.47%
UNP	C	-0.47%
PGR	A	-0.46%
DUOL	A	-0.45%
PG	A	-0.45%
ALL	A	-0.45%
BKNG	A	-0.44%
LPX	B	-0.43%
CTRE	D	-0.42%
SCCO	F	-0.41%
RMD	C	-0.4%
JXN	C	-0.39%
SR	A	-0.38%
R	B	-0.38%
SPG	B	-0.37%
CNA	B	-0.37%
CF	B	-0.37%
GRMN	B	-0.37%
OUT	A	-0.36%
EQR	B	-0.35%
CCL	B	-0.35%
CDP	C	-0.34%
RGLD	C	-0.32%
CNC	D	-0.31%
PTON	B	-0.31%
LAMR	D	-0.31%
J	F	-0.31%
MPWR	F	-0.3%
CVS	D	-0.29%
VLO	C	-0.29%
T	A	-0.29%
MDT	D	-0.29%
IIPR	D	-0.28%
APA	D	-0.25%
NVR	D	-0.24%
VRTX	F	-0.23%
MATX	C	-0.22%
NEM	D	-0.22%
EEFT	B	-0.22%
FLR	B	-0.21%
MUSA	A	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
KR	B	-0.17%
NTRA	B	-0.17%
BOX	B	-0.17%
FOXA	B	-0.14%
EXPD	D	-0.14%
PRU	A	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CINF	A	-0.12%
CDE	D	-0.11%
ILMN	D	-0.1%
AEIS	B	-0.07%
INCY	C	-0.07%
HQY	B	-0.07%
QQQ	B	-0.0%
LNTH	D	-0.0%
LRCX	F	-0.0%
PENN	C	--0.05%
HGV	B	--0.06%
HUN	F	--0.07%
RYN	D	--0.07%
COOP	B	--0.07%
CCS	D	--0.07%
BC	C	--0.08%
JOE	F	--0.08%
AES	F	--0.08%
FLYW	C	--0.08%
JBLU	F	--0.09%
NSC	B	--0.1%
MCW	B	--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	A	--0.12%
FL	F	--0.12%
PCH	D	--0.12%
DLR	B	--0.13%
EXR	D	--0.13%
STLD	B	--0.13%
AVAV	D	--0.13%
ALIT	C	--0.13%
VMC	B	--0.13%
MLM	B	--0.13%
PYCR	C	--0.14%
ARWR	F	--0.14%
MKL	A	--0.14%
EQIX	A	--0.14%
CZR	F	--0.15%
COLD	D	--0.15%
APD	A	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
BHF	B	--0.16%
OSK	B	--0.16%
LGIH	D	--0.16%
UHAL	D	--0.16%
AGO	B	--0.16%
EW	C	--0.16%
SITE	D	--0.16%
SW	A	--0.17%
TEX	D	--0.17%
MDGL	B	--0.17%
MASI	A	--0.17%
AJG	B	--0.17%
KRG	B	--0.17%
ENOV	C	--0.18%
CHDN	B	--0.18%
UEC	B	--0.18%
EBC	B	--0.18%
AL	B	--0.18%
CNH	C	--0.18%
BRKR	D	--0.18%
C	A	--0.19%
AIR	B	--0.19%
KNSL	B	--0.2%
SRE	A	--0.2%
GATX	A	--0.2%
BIRK	D	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	A	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	A	--0.22%
EQT	B	--0.23%
PSA	D	--0.23%
XYL	D	--0.23%
ELF	C	--0.24%
IONS	F	--0.24%
GPOR	B	--0.24%
CELH	F	--0.24%
HSY	F	--0.24%
DELL	C	--0.25%
BILL	A	--0.26%
NEOG	F	--0.26%
AUR	C	--0.26%
AWK	D	--0.26%
VAL	D	--0.27%
FOUR	B	--0.27%
STNE	F	--0.27%
TEAM	A	--0.27%
MSCI	C	--0.27%
PTEN	C	--0.27%
MNST	C	--0.28%
SOFI	A	--0.28%
MDB	C	--0.29%
XP	F	--0.29%
CYTK	F	--0.3%
LYV	A	--0.3%
NDAQ	A	--0.3%
APLS	D	--0.3%
APTV	D	--0.32%
GTLB	B	--0.32%
VVV	F	--0.33%
CCOI	B	--0.33%
LPLA	A	--0.34%
ZBRA	B	--0.34%
ABNB	C	--0.34%
INSP	D	--0.34%
FCNCA	A	--0.35%
APO	B	--0.35%
AFRM	A	--0.35%
COHR	B	--0.36%
BBIO	F	--0.36%
ZI	D	--0.36%
ON	D	--0.39%
DG	F	--0.4%
SATS	D	--0.4%
BA	F	--0.4%
RBLX	C	--0.41%
DLTR	F	--0.41%
PINS	D	--0.41%
U	C	--0.41%
TTWO	A	--0.43%
WBD	C	--0.43%
SNPS	B	--0.44%
ALGM	D	--0.45%
DV	C	--0.45%
GE	D	--0.46%
CDNS	B	--0.46%
MRNA	F	--0.47%
SMCI	F	--0.47%
RH	B	--0.47%
CHTR	C	--0.48%
CSCO	B	--0.52%
BRZE	C	--0.56%
WST	C	--0.59%
LITE	B	--0.6%
MCHP	F	--0.63%
DXCM	D	--0.63%
WDC	D	--0.65%
ROP	B	--0.7%
TXN	C	--0.81%
INTC	D	--0.93%
FSLR	F	--1.26%