IWP vs. CLSE ETF Comparison

Comparison of iShares Russell Midcap Growth ETF (IWP) to Convergence Long/Short Equity ETF (CLSE)

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.22

Average Daily Volume

1,027,078

Number of Holdings ^*

286

* 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

$23.64

Average Daily Volume

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	IWP	CLSE
30 Days	9.53%	4.18%
60 Days	13.54%	7.10%
90 Days	15.76%	9.38%
12 Months	38.43%	39.93%

88 Overlapping Holdings

Symbol	Grade	Weight in IWP	Weight in CLSE	Overlap
AJG	A	0.14%	-0.17%	-0.17%
ALL	A	0.26%	0.45%	0.26%
APLS	F	0.09%	-0.3%	-0.3%
APP	B	2.49%	2.25%	2.25%
BAH	F	0.62%	0.18%	0.18%
BILL	A	0.07%	-0.26%	-0.26%
BPOP	C	0.02%	-0.14%	-0.14%
BRKR	D	0.12%	-0.18%	-0.18%
CACC	D	0.07%	-0.36%	-0.36%
CAH	B	0.56%	0.86%	0.56%
CELH	F	0.15%	-0.24%	-0.24%
CFLT	B	0.22%	-0.47%	-0.47%
CGNX	D	0.01%	-0.45%	-0.45%
CHDN	B	0.32%	-0.18%	-0.18%
COR	B	1.3%	0.86%	0.86%
CPNG	D	0.93%	0.77%	0.77%
CVNA	B	0.3%	1.85%	0.3%
DAY	B	0.04%	-0.14%	-0.14%
DOCU	B	0.52%	1.37%	0.52%
DUOL	A	0.37%	0.45%	0.37%
DV	C	0.05%	-0.45%	-0.45%
DVA	C	0.26%	0.78%	0.26%
DXCM	C	0.99%	-0.63%	-0.63%
ELF	C	0.21%	-0.24%	-0.24%
EME	A	0.3%	0.75%	0.3%
ENPH	F	0.26%	-0.11%	-0.11%
EQT	B	0.05%	-0.23%	-0.23%
ESTC	C	0.23%	-0.29%	-0.29%
EXAS	D	0.12%	-0.07%	-0.07%
EXP	B	0.25%	0.48%	0.25%
EXPD	C	0.09%	0.14%	0.09%
EXPE	B	0.75%	0.61%	0.61%
FIVE	F	0.12%	-0.56%	-0.56%
FIVN	C	0.09%	-0.16%	-0.16%
FND	D	0.13%	-0.53%	-0.53%
FOUR	A	0.19%	-0.27%	-0.27%
GDDY	A	0.84%	1.42%	0.84%
GTLB	B	0.23%	-0.32%	-0.32%
HSY	F	0.11%	-0.24%	-0.24%
INCY	C	0.02%	0.07%	0.02%
INSP	D	0.17%	-0.34%	-0.34%
IONS	F	0.16%	-0.24%	-0.24%
JLL	D	0.13%	0.2%	0.13%
KNSL	B	0.33%	-0.2%	-0.2%
LAMR	C	0.09%	0.31%	0.09%
LNG	A	0.81%	0.97%	0.81%
LPLA	A	0.76%	-0.34%	-0.34%
LPX	B	0.16%	0.43%	0.16%
LSCC	D	0.19%	-0.7%	-0.7%
LW	C	0.11%	-0.25%	-0.25%
LYV	A	0.67%	-0.3%	-0.3%
MASI	B	0.12%	-0.17%	-0.17%
MDB	B	0.64%	-0.29%	-0.29%
MKL	A	0.17%	-0.14%	-0.14%
MLM	C	0.07%	-0.13%	-0.13%
MPWR	F	0.88%	0.3%	0.3%
MSCI	C	0.86%	-0.27%	-0.27%
MTN	C	0.18%	-0.22%	-0.22%
MUSA	B	0.32%	0.2%	0.2%
NRG	B	0.26%	0.71%	0.26%
NTAP	C	0.35%	1.0%	0.35%
NTNX	B	0.16%	1.16%	0.16%
NTRA	A	0.54%	0.17%	0.17%
PINS	F	0.55%	-0.41%	-0.41%
PLTR	B	4.32%	1.02%	1.02%
POOL	C	0.44%	-0.61%	-0.61%
PPC	C	0.01%	0.85%	0.01%
PYCR	B	0.0%	-0.14%	-0.14%
RBLX	C	0.85%	-0.41%	-0.41%
RH	C	0.03%	-0.47%	-0.47%
RMD	C	0.3%	0.4%	0.3%
SAIA	B	0.26%	-0.22%	-0.22%
SITE	F	0.08%	-0.16%	-0.16%
SMCI	F	0.3%	-0.47%	-0.47%
SOFI	B	0.07%	-0.28%	-0.28%
SPG	A	0.49%	0.37%	0.37%
TREX	C	0.24%	-0.17%	-0.17%
U	C	0.08%	-0.41%	-0.41%
UHAL	D	0.01%	-0.16%	-0.16%
UHAL	D	0.09%	-0.16%	-0.16%
UI	B	0.02%	0.49%	0.02%
VMC	B	0.31%	-0.13%	-0.13%
VRT	B	1.41%	0.68%	0.68%
VST	A	1.6%	0.55%	0.55%
VVV	D	0.18%	-0.33%	-0.33%
WST	C	0.45%	-0.59%	-0.59%
XPO	B	0.55%	-0.16%	-0.16%
ZBRA	B	0.14%	-0.34%	-0.34%

IWP Overweight 198 Positions Relative to CLSE

Symbol	Grade	Weight
TTD	B	1.7%
AMP	A	1.68%
COIN	C	1.65%
FICO	B	1.48%
GWW	B	1.45%
AXON	A	1.41%
TRGP	A	1.4%
ODFL	C	1.38%
VRSK	A	1.3%
IT	C	1.29%
FAST	B	1.29%
DDOG	A	1.23%
IDXX	F	1.13%
HUBS	A	1.08%
VEEV	C	1.03%
HLT	A	1.02%
ARES	A	1.0%
TSCO	D	0.97%
NET	B	0.88%
DECK	A	0.87%
HES	B	0.86%
ALNY	D	0.86%
TPL	A	0.83%
CPAY	A	0.81%
BR	A	0.8%
SYY	D	0.76%
TYL	B	0.7%
CLX	A	0.68%
LII	A	0.64%
SQ	A	0.64%
RCL	A	0.62%
IRM	C	0.62%
ZS	B	0.6%
TOST	B	0.59%
DKNG	B	0.59%
PODD	C	0.59%
BURL	B	0.56%
LVS	B	0.55%
HEI	A	0.55%
PAYX	B	0.54%
MANH	D	0.54%
FIX	A	0.51%
DT	D	0.5%
ULTA	F	0.49%
TER	F	0.48%
ENTG	D	0.48%
PWR	A	0.47%
YUM	D	0.47%
PTC	B	0.45%
ROL	B	0.45%
URI	C	0.44%
TXRH	B	0.43%
WAT	C	0.42%
PSTG	D	0.42%
EQH	C	0.41%
HEI	A	0.39%
CDW	F	0.39%
BRO	B	0.38%
NBIX	C	0.38%
NCLH	B	0.37%
OWL	A	0.37%
VLTO	C	0.37%
CAVA	B	0.35%
ROST	D	0.35%
MOH	F	0.35%
DRI	B	0.34%
ALGN	D	0.32%
WSM	C	0.32%
SRPT	F	0.31%
TPX	B	0.3%
AAON	B	0.3%
WING	D	0.3%
PEN	B	0.29%
MORN	B	0.29%
ITCI	C	0.28%
PCTY	C	0.28%
HPQ	B	0.28%
EXEL	B	0.27%
LNW	F	0.27%
MEDP	D	0.26%
HAS	D	0.25%
RYAN	A	0.24%
PCOR	B	0.24%
SMAR	B	0.24%
PAYC	B	0.23%
GWRE	A	0.23%
GLOB	B	0.21%
FDS	B	0.21%
BSY	F	0.21%
AVY	F	0.2%
FWONK	A	0.2%
EFX	F	0.2%
WFRD	D	0.19%
TW	A	0.19%
LAZ	B	0.18%
VKTX	F	0.17%
APPF	B	0.17%
DPZ	C	0.17%
OKTA	C	0.17%
GNRC	C	0.17%
CNM	D	0.17%
PLNT	A	0.15%
LYFT	C	0.15%
AZEK	A	0.15%
PATH	C	0.15%
OLED	F	0.13%
PEGA	B	0.13%
RPM	A	0.13%
IQV	F	0.13%
RARE	F	0.13%
JEF	A	0.12%
HCP	B	0.12%
ETSY	D	0.12%
TWLO	A	0.11%
MSTR	B	0.11%
CHH	A	0.11%
GEHC	D	0.11%
WMS	F	0.11%
RNG	C	0.1%
ROK	C	0.1%
LECO	C	0.1%
EG	C	0.09%
FERG	B	0.09%
CSL	C	0.09%
HWM	A	0.09%
TDC	D	0.09%
BWXT	B	0.08%
TTEK	F	0.08%
LBRDK	C	0.08%
CASY	A	0.08%
ONTO	F	0.07%
BROS	A	0.07%
NCNO	C	0.07%
CE	F	0.07%
PR	B	0.07%
FRPT	A	0.07%
AWI	A	0.07%
CLF	F	0.06%
PFGC	B	0.06%
WSC	F	0.06%
BLDR	D	0.06%
AM	A	0.06%
DBX	B	0.06%
NXST	C	0.06%
CIVI	D	0.05%
VNOM	A	0.05%
LOPE	C	0.05%
WEN	D	0.05%
HRB	D	0.05%
S	B	0.04%
JBL	C	0.04%
TKO	A	0.04%
ROKU	D	0.04%
SN	D	0.04%
TPG	A	0.04%
ALLY	C	0.04%
LOAR	B	0.03%
EPAM	B	0.03%
CHE	D	0.03%
KMX	B	0.03%
HLI	A	0.03%
BLD	D	0.03%
BFAM	D	0.03%
TXG	F	0.03%
H	B	0.03%
YETI	D	0.03%
VRSN	C	0.03%
RGEN	D	0.03%
DKS	D	0.03%
DJT	C	0.03%
CROX	D	0.03%
TRU	D	0.03%
SPR	D	0.02%
MTDR	B	0.02%
SAM	C	0.02%
FWONA	A	0.02%
WH	B	0.02%
CAR	C	0.02%
KBR	F	0.02%
AAL	B	0.02%
WYNN	C	0.02%
SKX	D	0.02%
WEX	D	0.02%
SSD	F	0.02%
FTRE	D	0.01%
CC	C	0.01%
SEE	C	0.01%
NFE	D	0.01%
IRDM	D	0.01%
MSGS	A	0.01%
LBRDA	C	0.01%
UWMC	D	0.01%
MKSI	C	0.01%
WU	F	0.01%
RLI	A	0.01%
DOCS	C	0.01%
ALAB	B	0.0%
TRIP	F	0.0%

IWP Underweight 250 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-4.61%
GOOGL	C	-3.47%
META	D	-3.3%
AMZN	C	-2.53%
AVGO	D	-2.28%
MU	D	-2.13%
HPE	B	-1.92%
ANET	C	-1.83%
WMT	A	-1.82%
QCOM	F	-1.73%
IDCC	B	-1.51%
CVLT	B	-1.4%
PYPL	B	-1.33%
ORCL	A	-1.33%
ACIW	B	-1.3%
TSLA	B	-1.22%
JHG	B	-1.21%
HD	B	-1.13%
SYF	B	-1.11%
BMY	B	-1.11%
NTRS	A	-1.08%
GILD	C	-1.07%
SNEX	B	-1.06%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	C	-0.88%
GM	C	-0.87%
GVA	A	-0.84%
MLI	B	-0.84%
CARG	B	-0.83%
AAPL	C	-0.83%
JNJ	C	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
NFLX	A	-0.79%
THC	D	-0.78%
FITB	B	-0.78%
IESC	C	-0.77%
WFC	A	-0.75%
CNX	A	-0.74%
FTI	A	-0.74%
UTHR	C	-0.73%
PNC	B	-0.72%
ABBV	F	-0.72%
RF	A	-0.72%
STRL	A	-0.71%
ZION	B	-0.71%
CMA	B	-0.71%
UHS	D	-0.7%
TMUS	B	-0.7%
CEIX	A	-0.7%
GEN	B	-0.68%
APH	A	-0.67%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	B	-0.65%
JPM	A	-0.64%
CHRW	B	-0.61%
TSN	B	-0.6%
FFIV	B	-0.6%
FTDR	B	-0.58%
AMG	B	-0.58%
LDOS	C	-0.55%
RGA	A	-0.55%
GLW	B	-0.52%
MET	A	-0.52%
SLVM	B	-0.5%
GOOG	C	-0.49%
CACI	D	-0.48%
PNW	A	-0.48%
AVA	A	-0.47%
UNP	C	-0.47%
PGR	A	-0.46%
PG	C	-0.45%
BKNG	A	-0.44%
CTRE	C	-0.42%
SCCO	F	-0.41%
JXN	C	-0.39%
SR	A	-0.38%
R	B	-0.38%
CNA	C	-0.37%
CF	A	-0.37%
GRMN	B	-0.37%
OUT	A	-0.36%
EQR	C	-0.35%
CCL	A	-0.35%
CDP	C	-0.34%
RGLD	C	-0.32%
CNC	D	-0.31%
PTON	A	-0.31%
J	D	-0.31%
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	D	-0.23%
MATX	C	-0.22%
NEM	D	-0.22%
TOL	B	-0.22%
EEFT	B	-0.22%
FLR	B	-0.21%
ABM	B	-0.19%
KR	B	-0.17%
BOX	B	-0.17%
JAZZ	B	-0.16%
FOXA	A	-0.14%
FN	C	-0.13%
PRU	A	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CINF	A	-0.12%
CDE	C	-0.11%
ILMN	C	-0.1%
AEIS	C	-0.07%
HQY	A	-0.07%
QQQ	B	-0.0%
LNTH	D	-0.0%
LRCX	F	-0.0%
PENN	C	--0.05%
KNX	C	--0.06%
HGV	C	--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	B	--0.08%
GNTX	C	--0.09%
JBLU	F	--0.09%
NSC	B	--0.1%
MCW	C	--0.1%
ABG	C	--0.1%
ATO	A	--0.1%
ACVA	B	--0.11%
CGON	F	--0.11%
EL	F	--0.12%
RBA	A	--0.12%
FL	F	--0.12%
PCH	F	--0.12%
DLR	B	--0.13%
EXR	C	--0.13%
STLD	B	--0.13%
AVAV	C	--0.13%
ALIT	C	--0.13%
REXR	F	--0.14%
ARWR	D	--0.14%
AA	A	--0.14%
EQIX	A	--0.14%
CZR	F	--0.15%
COLD	D	--0.15%
APD	A	--0.15%
GTLS	A	--0.15%
CRL	D	--0.15%
RNR	C	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
BHF	C	--0.16%
OSK	C	--0.16%
LGIH	F	--0.16%
DAR	C	--0.16%
ALB	B	--0.16%
AGO	B	--0.16%
EW	C	--0.16%
SW	A	--0.17%
TEX	F	--0.17%
MDGL	B	--0.17%
LKQ	F	--0.17%
KRG	B	--0.17%
ENOV	C	--0.18%
UEC	B	--0.18%
EBC	B	--0.18%
AGCO	D	--0.18%
COTY	F	--0.18%
AL	B	--0.18%
CNH	C	--0.18%
C	A	--0.19%
WAL	B	--0.19%
AIR	B	--0.19%
SRE	A	--0.2%
GATX	A	--0.2%
BIRK	D	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	B	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	B	--0.22%
SUM	B	--0.22%
PSA	C	--0.23%
XYL	D	--0.23%
WTRG	B	--0.24%
GPOR	B	--0.24%
DELL	B	--0.25%
KEY	B	--0.25%
NEOG	F	--0.26%
AUR	C	--0.26%
AWK	C	--0.26%
VAL	F	--0.27%
STNE	F	--0.27%
TEAM	A	--0.27%
PTEN	C	--0.27%
MNST	C	--0.28%
XP	F	--0.29%
MKTX	D	--0.29%
CYTK	F	--0.3%
NDAQ	A	--0.3%
APTV	F	--0.32%
CCOI	B	--0.33%
ABNB	C	--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%
BEN	C	--0.36%
ON	D	--0.39%
DG	F	--0.4%
SATS	D	--0.4%
BA	F	--0.4%
DLTR	F	--0.41%
RIVN	F	--0.42%
TTWO	A	--0.43%
WBD	B	--0.43%
SNPS	B	--0.44%
ALGM	D	--0.45%
GE	D	--0.46%
CDNS	B	--0.46%
MRNA	F	--0.47%
CHTR	C	--0.48%
CSCO	B	--0.52%
BRZE	C	--0.56%
NWS	A	--0.57%
LITE	B	--0.6%
MCHP	F	--0.63%
WDC	D	--0.65%
ROP	B	--0.7%
TXN	C	--0.81%
INTC	C	--0.93%
FSLR	F	--1.26%