QLD vs. CLSE ETF Comparison

Comparison of ProShares Ultra QQQ (QLD) to Convergence Long/Short Equity ETF (CLSE)

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.72

Average Daily Volume

2,632,901

Number of Holdings ^*

101

* 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	QLD	CLSE
30 Days	6.38%	4.69%
60 Days	8.03%	6.81%
90 Days	8.70%	9.38%
12 Months	54.59%	39.93%

37 Overlapping Holdings

Symbol	Grade	Weight in QLD	Weight in CLSE	Overlap
AAPL	C	6.06%	0.83%	0.83%
ABNB	C	0.27%	-0.34%	-0.34%
AMZN	C	3.98%	2.53%	2.53%
AVGO	D	3.68%	2.28%	2.28%
BKNG	A	0.77%	0.44%	0.44%
CDNS	B	0.38%	-0.46%	-0.46%
CHTR	C	0.27%	-0.48%	-0.48%
CSCO	B	1.09%	-0.52%	-0.52%
DLTR	F	0.06%	-0.41%	-0.41%
DXCM	D	0.13%	-0.63%	-0.63%
GILD	C	0.53%	1.07%	0.53%
GOOG	C	1.79%	0.49%	0.49%
GOOGL	C	1.86%	3.47%	1.86%
ILMN	D	0.11%	0.1%	0.1%
INTC	D	0.49%	-0.93%	-0.93%
LRCX	F	0.44%	0.0%	0.0%
MCHP	D	0.16%	-0.63%	-0.63%
MDB	C	0.1%	-0.29%	-0.29%
META	D	3.57%	3.3%	3.3%
MNST	C	0.25%	-0.28%	-0.28%
MRNA	F	0.07%	-0.47%	-0.47%
MU	D	0.51%	2.13%	0.51%
NFLX	A	1.63%	0.79%	0.79%
NVDA	C	6.35%	4.61%	4.61%
ON	D	0.13%	-0.39%	-0.39%
PYPL	B	0.41%	1.33%	0.41%
QCOM	F	0.82%	1.73%	0.82%
ROP	B	0.28%	-0.7%	-0.7%
SMCI	F	0.05%	-0.47%	-0.47%
SNPS	B	0.39%	-0.44%	-0.44%
TEAM	A	0.19%	-0.27%	-0.27%
TMUS	B	1.29%	0.7%	0.7%
TSLA	B	2.83%	1.22%	1.22%
TTWO	A	0.15%	-0.43%	-0.43%
TXN	C	0.86%	-0.81%	-0.81%
VRTX	F	0.58%	0.23%	0.23%
WBD	C	0.11%	-0.43%	-0.43%

QLD Overweight 64 Positions Relative to CLSE

Symbol	Grade	Weight
MSFT	F	5.6%
COST	B	1.89%
ADBE	C	1.08%
PEP	F	1.04%
AMD	F	1.03%
LIN	D	1.0%
INTU	C	0.9%
ISRG	A	0.87%
CMCSA	B	0.78%
AMGN	D	0.74%
AMAT	F	0.69%
HON	B	0.69%
PANW	C	0.6%
ADP	B	0.57%
SBUX	A	0.52%
ADI	D	0.48%
MELI	D	0.45%
CTAS	B	0.41%
KLAC	D	0.4%
REGN	F	0.4%
MDLZ	F	0.4%
MAR	B	0.37%
CRWD	B	0.37%
MRVL	B	0.36%
PDD	F	0.35%
FTNT	C	0.34%
ORLY	B	0.33%
CEG	D	0.32%
CSX	B	0.32%
ADSK	A	0.31%
DASH	A	0.31%
ASML	F	0.29%
PCAR	B	0.28%
WDAY	B	0.27%
CPRT	A	0.26%
NXPI	D	0.26%
TTD	B	0.26%
FANG	D	0.25%
PAYX	C	0.24%
AEP	D	0.23%
FAST	B	0.22%
ODFL	B	0.22%
KDP	D	0.21%
ROST	C	0.21%
BKR	B	0.2%
EA	A	0.2%
CTSH	B	0.19%
VRSK	A	0.19%
XEL	A	0.18%
GEHC	F	0.18%
LULU	C	0.18%
KHC	F	0.18%
DDOG	A	0.18%
AZN	D	0.17%
EXC	C	0.17%
IDXX	F	0.16%
CCEP	C	0.16%
ZS	C	0.15%
ANSS	B	0.14%
CSGP	D	0.14%
GFS	C	0.11%
BIIB	F	0.11%
CDW	F	0.11%
ARM	D	0.08%

QLD Underweight 300 Positions Relative to CLSE

Symbol	Grade	Weight
APP	B	-2.25%
HPE	B	-1.92%
CVNA	B	-1.85%
ANET	C	-1.83%
WMT	A	-1.82%
IDCC	A	-1.51%
GDDY	A	-1.42%
CVLT	B	-1.4%
DOCU	A	-1.37%
ORCL	B	-1.33%
ACIW	B	-1.3%
JHG	A	-1.21%
NTNX	A	-1.16%
HD	A	-1.13%
SYF	B	-1.11%
BMY	B	-1.11%
NTRS	A	-1.08%
SNEX	B	-1.06%
PLTR	B	-1.02%
NTAP	C	-1.0%
LNG	B	-0.97%
SEIC	B	-0.95%
HALO	F	-0.9%
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%
JNJ	D	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
THC	D	-0.78%
FITB	A	-0.78%
DVA	B	-0.78%
IESC	B	-0.77%
CPNG	D	-0.77%
EME	C	-0.75%
WFC	A	-0.75%
CNX	A	-0.74%
FTI	A	-0.74%
UTHR	C	-0.73%
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%
CEIX	A	-0.7%
GEN	B	-0.68%
VRT	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	C	-0.65%
JPM	A	-0.64%
CHRW	C	-0.61%
EXPE	B	-0.61%
TSN	B	-0.6%
FFIV	B	-0.6%
FTDR	A	-0.58%
AMG	B	-0.58%
LDOS	C	-0.55%
VST	B	-0.55%
RGA	A	-0.55%
GLW	B	-0.52%
MET	A	-0.52%
SLVM	B	-0.5%
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%
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%
MATX	C	-0.22%
NEM	D	-0.22%
TOL	B	-0.22%
EEFT	B	-0.22%
FLR	B	-0.21%
JLL	D	-0.2%
MUSA	A	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
KR	B	-0.17%
NTRA	B	-0.17%
BOX	B	-0.17%
JAZZ	B	-0.16%
FOXA	B	-0.14%
EXPD	D	-0.14%
FN	D	-0.13%
PRU	A	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CINF	A	-0.12%
CDE	D	-0.11%
AEIS	B	-0.07%
INCY	C	-0.07%
HQY	B	-0.07%
QQQ	B	-0.0%
LNTH	D	-0.0%
PENN	C	--0.05%
KNX	B	--0.06%
HGV	B	--0.06%
HUN	F	--0.07%
EXAS	D	--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%
GNTX	C	--0.09%
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%
BPOP	B	--0.14%
PYCR	C	--0.14%
DAY	B	--0.14%
REXR	F	--0.14%
ARWR	F	--0.14%
MKL	A	--0.14%
AA	B	--0.14%
EQIX	A	--0.14%
CZR	F	--0.15%
COLD	D	--0.15%
APD	A	--0.15%
GTLS	B	--0.15%
CRL	C	--0.15%
RNR	C	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
BHF	B	--0.16%
XPO	B	--0.16%
OSK	B	--0.16%
LGIH	D	--0.16%
DAR	C	--0.16%
ALB	C	--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%
TREX	C	--0.17%
MDGL	B	--0.17%
LKQ	D	--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%
AGCO	D	--0.18%
COTY	F	--0.18%
AL	B	--0.18%
CNH	C	--0.18%
BRKR	D	--0.18%
C	A	--0.19%
WAL	B	--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%
MTN	C	--0.22%
SAIA	B	--0.22%
SUM	B	--0.22%
EQT	B	--0.23%
PSA	D	--0.23%
XYL	D	--0.23%
WTRG	B	--0.24%
ELF	C	--0.24%
IONS	F	--0.24%
GPOR	B	--0.24%
CELH	F	--0.24%
HSY	F	--0.24%
DELL	C	--0.25%
LW	C	--0.25%
KEY	B	--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%
MSCI	C	--0.27%
PTEN	C	--0.27%
SOFI	A	--0.28%
ESTC	C	--0.29%
XP	F	--0.29%
MKTX	D	--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%
INSP	D	--0.34%
FCNCA	A	--0.35%
APO	B	--0.35%
AFRM	B	--0.35%
CACC	D	--0.36%
COHR	B	--0.36%
BBIO	F	--0.36%
ZI	D	--0.36%
BEN	C	--0.36%
DG	F	--0.4%
SATS	D	--0.4%
BA	F	--0.4%
RBLX	C	--0.41%
PINS	D	--0.41%
U	C	--0.41%
RIVN	F	--0.42%
ALGM	D	--0.45%
DV	C	--0.45%
CGNX	C	--0.45%
GE	D	--0.46%
RH	B	--0.47%
CFLT	B	--0.47%
FND	C	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
NWS	B	--0.57%
WST	C	--0.59%
LITE	B	--0.6%
POOL	C	--0.61%
WDC	D	--0.65%
LSCC	D	--0.7%
FSLR	F	--1.26%