PSCD vs. CLSE ETF Comparison

Comparison of PowerShares S&P SmallCap Consumer Discretionary Portfolio (PSCD) to Convergence Long/Short Equity ETF (CLSE)

PSCD

PowerShares S&P SmallCap Consumer Discretionary Portfolio

PSCD Description

The PowerShares S&P SmallCap Consumer Discretionary Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Consumer Discretionary Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US consumer discretionary companies. These companies are principally engaged in providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$105.08

Average Daily Volume

2,045

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

$20.78

Average Daily Volume

44,449

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

Performance

Period	PSCD	CLSE
30 Days	8.51%	3.08%
60 Days	1.72%	4.58%
90 Days	0.90%	9.48%
12 Months	19.69%	39.21%

13 Overlapping Holdings

Symbol	Grade	Weight in PSCD	Weight in CLSE	Overlap
AAP	D	2.55%	-0.29%	-0.29%
AEO	B	2.55%	0.17%	0.17%
ANF	B	3.95%	0.23%	0.23%
BOOT	B	1.9%	-0.12%	-0.12%
FL	F	1.03%	-0.17%	-0.17%
FOXF	F	1.15%	-0.17%	-0.17%
FTDR	B	1.66%	0.6%	0.6%
GPI	B	2.42%	-0.18%	-0.18%
IBP	D	3.11%	0.33%	0.33%
LGIH	F	1.25%	-0.09%	-0.09%
MCW	C	0.4%	-0.09%	-0.09%
MODG	B	1.26%	-0.08%	-0.08%
VFC	F	2.4%	-0.14%	-0.14%

PSCD Overweight 69 Positions Relative to CLSE

Symbol	Grade	Weight
MTH	A	3.9%
ABG	C	2.81%
SIG	D	2.58%
ASO	F	2.34%
TPH	A	2.24%
SHAK	B	2.19%
MHO	D	2.1%
KTB	B	1.93%
NWL	C	1.82%
CVCO	D	1.73%
SHOO	D	1.69%
LCII	D	1.64%
KSS	F	1.62%
LRN	A	1.62%
EAT	A	1.56%
DORM	D	1.49%
ATGE	A	1.47%
STRA	A	1.47%
CCS	D	1.46%
PATK	C	1.37%
URBN	D	1.34%
SONO	D	1.21%
BLMN	F	1.19%
PHIN	A	1.17%
VSTO	A	1.13%
SIX	C	1.09%
CAKE	D	1.09%
WGO	D	1.05%
WOR	D	1.03%
DAN	C	1.02%
PLAY	D	1.0%
HBI	F	0.99%
PZZA	F	0.98%
THRM	D	0.96%
VSCO	F	0.95%
OXM	B	0.89%
PRDO	B	0.88%
LZB	D	0.88%
GRBK	D	0.84%
ODP	F	0.77%
CAL	C	0.73%
EYE	F	0.71%
CBRL	F	0.71%
SABR	D	0.68%
GIII	D	0.66%
SBH	D	0.65%
WWW	B	0.63%
BKE	C	0.62%
JACK	F	0.59%
HIBB	A	0.58%
LESL	F	0.56%
AXL	B	0.53%
MCRI	D	0.51%
SAH	B	0.5%
BJRI	D	0.47%
MNRO	F	0.47%
RGR	F	0.43%
GES	B	0.42%
XPEL	F	0.42%
ETD	D	0.39%
DIN	F	0.39%
GDEN	F	0.38%
SCVL	B	0.37%
SMP	C	0.34%
HZO	F	0.32%
CHUY	F	0.27%
MOV	D	0.24%
HVT	F	0.23%
DBI	D	0.22%

PSCD Underweight 335 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-3.67%
MSFT	C	-3.35%
AMZN	A	-3.29%
GOOGL	B	-2.6%
QCOM	B	-2.44%
GOOG	B	-2.4%
META	D	-2.21%
AMAT	C	-2.16%
MU	B	-2.13%
APP	B	-2.1%
NTAP	B	-1.8%
ANET	C	-1.72%
SNX	A	-1.71%
NTNX	A	-1.67%
CRWD	C	-1.36%
WMT	C	-1.35%
IBM	D	-1.29%
PYPL	C	-1.23%
DOCU	B	-1.1%
HD	D	-1.08%
NFLX	C	-1.07%
APPF	B	-1.04%
MUSA	D	-0.96%
AAPL	B	-0.95%
STNE	C	-0.95%
PAGS	D	-0.95%
SPOT	B	-0.95%
AMG	D	-0.91%
T	B	-0.91%
SYF	B	-0.91%
COIN	D	-0.89%
PFE	D	-0.89%
JPM	B	-0.88%
SEIC	C	-0.88%
AMGN	B	-0.87%
OGN	B	-0.86%
VTRS	C	-0.86%
TW	A	-0.86%
MTG	B	-0.86%
ABBV	D	-0.85%
JNJ	F	-0.85%
LLY	C	-0.84%
HALO	C	-0.83%
MPC	D	-0.83%
UBER	D	-0.82%
MRK	B	-0.81%
PBF	D	-0.8%
IIPR	B	-0.78%
BRBR	C	-0.78%
IESC	A	-0.77%
BAC	B	-0.76%
PSX	D	-0.74%
XOM	B	-0.74%
PPC	A	-0.74%
MO	A	-0.74%
FITB	A	-0.73%
EME	A	-0.73%
PG	A	-0.73%
VLO	D	-0.73%
SMCI	D	-0.72%
WFC	A	-0.71%
TSN	B	-0.71%
BG	B	-0.71%
VRT	A	-0.7%
MCK	B	-0.69%
GFF	C	-0.68%
EBAY	D	-0.68%
F	D	-0.67%
MLI	B	-0.64%
STRL	B	-0.63%
GDDY	A	-0.62%
CNC	C	-0.62%
UMBF	C	-0.62%
ITRI	A	-0.62%
PEGA	D	-0.62%
THC	A	-0.61%
KNF	C	-0.61%
VST	B	-0.6%
CI	D	-0.6%
OC	B	-0.59%
GM	B	-0.59%
LOPE	B	-0.58%
AGO	D	-0.58%
SKYW	B	-0.58%
NU	C	-0.56%
DVA	B	-0.56%
BLDR	D	-0.55%
PGR	A	-0.54%
GMS	C	-0.54%
BCC	D	-0.54%
AYI	C	-0.54%
HQY	D	-0.52%
CAT	D	-0.52%
PLTR	D	-0.51%
NEE	B	-0.51%
AMR	D	-0.51%
DPZ	B	-0.5%
CNM	A	-0.5%
CAH	F	-0.49%
REZI	D	-0.48%
HIG	C	-0.47%
CNA	B	-0.47%
UHS	D	-0.47%
EVRG	B	-0.46%
EXP	A	-0.46%
EXC	B	-0.45%
LDOS	A	-0.44%
HRB	B	-0.44%
RGA	A	-0.43%
SAIC	C	-0.41%
SLVM	A	-0.41%
BKNG	B	-0.41%
APA	F	-0.39%
NSA	D	-0.38%
SPG	C	-0.38%
STLD	D	-0.38%
BCO	B	-0.38%
GLPI	D	-0.37%
J	D	-0.36%
GRMN	A	-0.36%
STAG	D	-0.34%
PEG	A	-0.33%
SR	B	-0.33%
CVI	F	-0.33%
KR	B	-0.32%
RS	D	-0.32%
BLD	D	-0.32%
FIX	A	-0.32%
PSTG	C	-0.31%
BAH	B	-0.31%
CVNA	B	-0.31%
WDC	B	-0.31%
FDX	D	-0.3%
RPRX	F	-0.29%
OMI	F	-0.29%
AMRX	B	-0.28%
SPGI	C	-0.28%
AMP	C	-0.26%
UNP	C	-0.24%
NEU	D	-0.24%
MGM	F	-0.21%
NTRA	B	-0.2%
DECK	D	-0.18%
LNTH	B	-0.18%
SKT	D	-0.14%
FG	B	-0.14%
FCX	B	-0.14%
MOD	A	-0.13%
PHM	B	-0.11%
DOCS	F	-0.11%
VCTR	A	-0.09%
SUM	D	-0.0%
DNUT	F	--0.05%
AWR	C	--0.06%
TROX	B	--0.07%
DRVN	F	--0.07%
HTZ	F	--0.07%
PYCR	F	--0.08%
IAS	F	--0.08%
PTCT	C	--0.08%
JOBY	D	--0.08%
JBHT	F	--0.08%
PNM	C	--0.08%
FCNCA	B	--0.08%
ENPH	F	--0.08%
HAS	B	--0.09%
PLNT	D	--0.09%
SUI	D	--0.09%
CWST	C	--0.09%
DOC	A	--0.09%
ATI	B	--0.09%
RYAN	D	--0.09%
ACVA	D	--0.1%
VTR	B	--0.1%
CROX	C	--0.1%
COLD	F	--0.1%
PCH	D	--0.1%
AEE	C	--0.11%
EXR	D	--0.11%
CHK	B	--0.11%
AES	B	--0.11%
CHDN	B	--0.11%
RRC	B	--0.11%
DAY	F	--0.11%
WTW	D	--0.11%
VAC	D	--0.11%
TXG	F	--0.12%
KNX	D	--0.12%
LPX	A	--0.12%
MDU	A	--0.12%
ADC	B	--0.12%
GOGL	A	--0.12%
TFC	B	--0.13%
AJG	C	--0.14%
IPAR	F	--0.14%
AXON	B	--0.15%
ZWS	C	--0.15%
KMPR	B	--0.15%
CRS	B	--0.15%
AVAV	A	--0.15%
LFST	B	--0.15%
O	B	--0.15%
SPR	D	--0.15%
CZR	F	--0.15%
RBA	D	--0.15%
CNXC	D	--0.16%
WTM	A	--0.16%
AXSM	B	--0.16%
CHH	F	--0.16%
KVUE	C	--0.16%
SJM	F	--0.16%
XYL	A	--0.16%
MTN	F	--0.17%
WAFD	B	--0.17%
COF	B	--0.17%
FLNC	C	--0.17%
ARWR	F	--0.17%
HAYW	C	--0.17%
GPOR	C	--0.17%
UCBI	B	--0.17%
FOUR	F	--0.18%
RUN	D	--0.18%
UHAL	B	--0.18%
GME	B	--0.18%
IOVA	D	--0.18%
ALLY	B	--0.18%
NARI	F	--0.18%
PR	B	--0.19%
GATX	C	--0.19%
SRE	B	--0.19%
DG	D	--0.19%
IRT	B	--0.19%
BE	C	--0.19%
WAL	B	--0.19%
APD	C	--0.2%
FMC	B	--0.2%
HASI	A	--0.2%
BANC	C	--0.2%
PPBI	C	--0.2%
SBCF	C	--0.2%
MP	D	--0.21%
LNC	C	--0.21%
SHC	F	--0.22%
ROG	C	--0.22%
TSLA	D	--0.22%
EQT	B	--0.22%
PRCT	B	--0.22%
NTLA	F	--0.22%
UEC	B	--0.23%
ATO	A	--0.23%
RIVN	F	--0.23%
NDAQ	D	--0.23%
IRTC	F	--0.23%
ASB	A	--0.24%
EL	F	--0.24%
SPT	F	--0.24%
FSLR	B	--0.24%
DLTR	F	--0.25%
CG	D	--0.25%
GO	F	--0.25%
EVH	F	--0.25%
ORCL	D	--0.26%
RNR	C	--0.26%
FNB	A	--0.26%
MASI	D	--0.26%
NOG	B	--0.26%
LW	F	--0.26%
KDP	B	--0.26%
CNX	B	--0.27%
TMDX	B	--0.27%
BIO	F	--0.27%
NNI	B	--0.27%
CABO	F	--0.27%
FIS	C	--0.27%
AGNC	C	--0.28%
GTLS	B	--0.28%
NOVT	D	--0.28%
UI	D	--0.29%
GS	A	--0.29%
NEOG	F	--0.29%
TOST	A	--0.29%
AR	B	--0.3%
PFSI	B	--0.3%
CAR	D	--0.3%
TTWO	D	--0.3%
MS	A	--0.31%
FIVE	F	--0.32%
ALB	C	--0.32%
LAD	D	--0.33%
NXST	C	--0.34%
RVMD	B	--0.35%
BX	D	--0.35%
IBKR	B	--0.35%
FYBR	B	--0.36%
DV	F	--0.36%
CARR	A	--0.36%
GE	A	--0.37%
KMX	D	--0.37%
CFLT	C	--0.37%
D	B	--0.37%
TGNA	D	--0.38%
IAC	B	--0.39%
ZI	F	--0.4%
CRL	D	--0.41%
FIVN	F	--0.41%
MSGS	B	--0.41%
RIOT	F	--0.42%
UTHR	B	--0.42%
LBRDK	F	--0.42%
SATS	C	--0.42%
CGNX	B	--0.43%
DAR	D	--0.43%
VSAT	D	--0.43%
BILL	F	--0.44%
INSP	D	--0.44%
WBD	F	--0.45%
ASAN	F	--0.45%
MSTR	D	--0.45%
RH	D	--0.46%
BA	F	--0.47%
TXN	A	--0.47%
FND	D	--0.47%
GFS	D	--0.48%
U	F	--0.5%
TECH	B	--0.5%
MARA	C	--0.51%
LITE	F	--0.54%
ALGM	D	--0.54%
COHR	D	--0.55%
WOLF	F	--0.58%
ZBRA	A	--0.58%
KLIC	D	--0.59%
QQQ	C	--0.61%
SITM	C	--0.71%
INTC	F	--0.73%