QQQE vs. CLSE ETF Comparison

Comparison of Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) to Convergence Long/Short Equity ETF (CLSE)

QQQE

Direxion NASDAQ-100 Equal Weighted Index Shares

QQQE Description

The investment seeks investment results, before fees and expenses, that track the NASDAQ-100Â® Equal Weighted Index. The fund invests at least 80% of its assets in the equity securities that comprise the index and/or investments that have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is the equal weighted version of the NASDAQ-100 IndexÂ® which includes 100 of the largest domestic and international non-financial securities listed on The NASDAQÂ® Stock Market (the "NASDAQÂ®") based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.01

Average Daily Volume

247,668

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	QQQE	CLSE
30 Days	4.62%	4.69%
60 Days	5.09%	6.81%
90 Days	5.19%	9.38%
12 Months	21.25%	39.93%

37 Overlapping Holdings

Symbol	Grade	Weight in QQQE	Weight in CLSE	Overlap
AAPL	C	0.94%	0.83%	0.83%
ABNB	C	0.97%	-0.34%	-0.34%
AMZN	C	1.04%	2.53%	1.04%
AVGO	D	0.98%	2.28%	0.98%
BKNG	A	1.18%	0.44%	0.44%
CDNS	B	1.04%	-0.46%	-0.46%
CHTR	C	1.13%	-0.48%	-0.48%
CSCO	B	1.08%	-0.52%	-0.52%
DLTR	F	0.83%	-0.41%	-0.41%
DXCM	D	1.0%	-0.63%	-0.63%
GILD	C	1.07%	1.07%	1.07%
GOOG	C	0.53%	0.49%	0.49%
GOOGL	C	0.53%	3.47%	0.53%
ILMN	D	1.07%	0.1%	0.1%
INTC	D	1.05%	-0.93%	-0.93%
LRCX	F	0.93%	0.0%	0.0%
MCHP	D	0.83%	-0.63%	-0.63%
MDB	C	1.0%	-0.29%	-0.29%
META	D	0.99%	3.3%	0.99%
MNST	C	1.04%	-0.28%	-0.28%
MRNA	F	0.63%	-0.47%	-0.47%
MU	D	1.09%	2.13%	1.09%
NFLX	A	1.11%	0.79%	0.79%
NVDA	C	1.22%	4.61%	1.22%
ON	D	0.96%	-0.39%	-0.39%
PYPL	B	1.07%	1.33%	1.07%
QCOM	F	0.92%	1.73%	0.92%
ROP	B	0.96%	-0.7%	-0.7%
SMCI	F	0.45%	-0.47%	-0.47%
SNPS	B	1.04%	-0.44%	-0.44%
TEAM	A	1.43%	-0.27%	-0.27%
TMUS	B	1.14%	0.7%	0.7%
TSLA	B	1.31%	1.22%	1.22%
TTWO	A	1.16%	-0.43%	-0.43%
TXN	C	1.0%	-0.81%	-0.81%
VRTX	F	1.0%	0.23%	0.23%
WBD	C	1.07%	-0.43%	-0.43%

QQQE Overweight 64 Positions Relative to CLSE

Symbol	Grade	Weight
FTNT	C	1.23%
MRVL	B	1.2%
DASH	A	1.2%
LULU	C	1.16%
ZS	C	1.15%
BKR	B	1.15%
TTD	B	1.14%
FAST	B	1.12%
PCAR	B	1.12%
ODFL	B	1.11%
EA	A	1.11%
PANW	C	1.11%
MAR	B	1.11%
HON	B	1.1%
ADSK	A	1.1%
CRWD	B	1.09%
PDD	F	1.08%
PAYX	C	1.06%
CPRT	A	1.06%
ADP	B	1.06%
ORLY	B	1.06%
CMCSA	B	1.05%
CTAS	B	1.05%
ISRG	A	1.05%
VRSK	A	1.04%
WDAY	B	1.04%
CTSH	B	1.03%
INTU	C	1.03%
GFS	C	1.02%
XEL	A	1.02%
ANSS	B	1.02%
DDOG	A	1.02%
COST	B	0.98%
SBUX	A	0.98%
CSX	B	0.98%
ADBE	C	0.96%
ARM	D	0.96%
FANG	D	0.95%
MSFT	F	0.93%
CSGP	D	0.93%
LIN	D	0.92%
ADI	D	0.92%
NXPI	D	0.92%
AMAT	F	0.92%
PEP	F	0.91%
GEHC	F	0.9%
EXC	C	0.9%
CCEP	C	0.9%
MELI	D	0.89%
AMD	F	0.88%
ROST	C	0.87%
AEP	D	0.87%
KHC	F	0.87%
KDP	D	0.85%
MDLZ	F	0.85%
CEG	D	0.85%
AMGN	D	0.84%
KLAC	D	0.83%
CDW	F	0.81%
IDXX	F	0.8%
ASML	F	0.8%
BIIB	F	0.8%
AZN	D	0.79%
REGN	F	0.68%

QQQE 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%