SDP vs. CLSE ETF Comparison

Comparison of ProShares UltraShort Utilities (SDP) to Convergence Long/Short Equity ETF (CLSE)

SDP

ProShares UltraShort Utilities

SDP Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$14.74

Average Daily Volume

35,506

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

$23.68

Average Daily Volume

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	SDP	CLSE
30 Days	-0.94%	4.18%
60 Days	-4.63%	7.10%
90 Days	-15.23%	9.38%
12 Months	-41.97%	39.93%

10 Overlapping Holdings

Symbol	Grade	Weight in SDP	Weight in CLSE	Overlap
AES	F	1.33%	-0.08%	-0.08%
ATO	A	1.34%	-0.1%	-0.1%
AVA	A	0.32%	0.47%	0.32%
AWK	C	2.31%	-0.26%	-0.26%
NRG	B	0.95%	0.71%	0.71%
PNW	A	1.03%	0.48%	0.48%
SR	A	0.42%	0.38%	0.38%
SRE	A	4.34%	-0.2%	-0.2%
VST	A	1.01%	0.55%	0.55%
WTRG	B	1.07%	-0.24%	-0.24%

SDP Overweight 36 Positions Relative to CLSE

Symbol	Grade	Weight
NEE	C	12.13%
SO	C	6.91%
D	C	6.77%
DUK	C	6.69%
AEP	C	4.77%
EXC	C	4.51%
XEL	A	3.36%
WEC	A	2.98%
ED	C	2.94%
PEG	A	2.93%
ES	C	2.81%
EIX	B	2.7%
FE	C	2.6%
PPL	A	2.56%
DTE	C	2.52%
ETR	B	2.46%
AEE	A	1.92%
CMS	C	1.82%
EVRG	A	1.5%
LNT	A	1.35%
CNP	A	1.33%
NI	A	1.06%
UGI	C	0.91%
MDU	D	0.58%
IDA	A	0.54%
HE	C	0.51%
POR	C	0.51%
OGS	A	0.49%
BKH	A	0.49%
ALE	A	0.42%
SWX	B	0.41%
NJR	A	0.41%
PNM	B	0.4%
NFG	A	0.38%
NWE	B	0.37%
AGR	A	0.28%

SDP Underweight 327 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%
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%
DOCU	B	-1.37%
PYPL	B	-1.33%
ORCL	A	-1.33%
ACIW	B	-1.3%
TSLA	B	-1.22%
JHG	B	-1.21%
NTNX	B	-1.16%
HD	B	-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	A	-0.97%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	C	-0.88%
GM	C	-0.87%
COR	B	-0.86%
CAH	B	-0.86%
PPC	C	-0.85%
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%
DVA	C	-0.78%
IESC	C	-0.77%
CPNG	D	-0.77%
EME	A	-0.75%
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%
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	B	-0.65%
JPM	A	-0.64%
CHRW	B	-0.61%
EXPE	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%
UI	B	-0.49%
EXP	B	-0.48%
CACI	D	-0.48%
UNP	C	-0.47%
PGR	A	-0.46%
DUOL	A	-0.45%
PG	C	-0.45%
ALL	A	-0.45%
BKNG	A	-0.44%
LPX	B	-0.43%
CTRE	C	-0.42%
SCCO	F	-0.41%
RMD	C	-0.4%
JXN	C	-0.39%
R	B	-0.38%
SPG	A	-0.37%
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%
LAMR	C	-0.31%
J	D	-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	D	-0.23%
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	B	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
KR	B	-0.17%
NTRA	A	-0.17%
BOX	B	-0.17%
JAZZ	B	-0.16%
FOXA	A	-0.14%
EXPD	C	-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%
INCY	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%
EXAS	D	--0.07%
RYN	D	--0.07%
COOP	B	--0.07%
CCS	D	--0.07%
BC	C	--0.08%
JOE	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%
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	F	--0.12%
DLR	B	--0.13%
EXR	C	--0.13%
STLD	B	--0.13%
AVAV	C	--0.13%
ALIT	C	--0.13%
VMC	B	--0.13%
MLM	C	--0.13%
BPOP	C	--0.14%
PYCR	B	--0.14%
DAY	B	--0.14%
REXR	F	--0.14%
ARWR	D	--0.14%
MKL	A	--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%
FIVN	C	--0.16%
BHF	C	--0.16%
XPO	B	--0.16%
OSK	C	--0.16%
LGIH	F	--0.16%
DAR	C	--0.16%
ALB	B	--0.16%
UHAL	D	--0.16%
AGO	B	--0.16%
EW	C	--0.16%
SITE	F	--0.16%
SW	A	--0.17%
TEX	F	--0.17%
TREX	C	--0.17%
MDGL	B	--0.17%
LKQ	F	--0.17%
MASI	B	--0.17%
AJG	A	--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%
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%
MTN	C	--0.22%
SAIA	B	--0.22%
SUM	B	--0.22%
EQT	B	--0.23%
PSA	C	--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	B	--0.25%
LW	C	--0.25%
KEY	B	--0.25%
BILL	A	--0.26%
NEOG	F	--0.26%
AUR	C	--0.26%
VAL	F	--0.27%
FOUR	A	--0.27%
STNE	F	--0.27%
TEAM	A	--0.27%
MSCI	C	--0.27%
PTEN	C	--0.27%
MNST	C	--0.28%
SOFI	B	--0.28%
ESTC	C	--0.29%
MDB	B	--0.29%
XP	F	--0.29%
MKTX	D	--0.29%
CYTK	F	--0.3%
LYV	A	--0.3%
NDAQ	A	--0.3%
APLS	F	--0.3%
APTV	F	--0.32%
GTLB	B	--0.32%
VVV	D	--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%
CACC	D	--0.36%
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%
RBLX	C	--0.41%
DLTR	F	--0.41%
PINS	F	--0.41%
U	C	--0.41%
RIVN	F	--0.42%
TTWO	A	--0.43%
WBD	B	--0.43%
SNPS	B	--0.44%
ALGM	D	--0.45%
DV	C	--0.45%
CGNX	D	--0.45%
GE	D	--0.46%
CDNS	B	--0.46%
MRNA	F	--0.47%
SMCI	F	--0.47%
RH	C	--0.47%
CFLT	B	--0.47%
CHTR	C	--0.48%
CSCO	B	--0.52%
FND	D	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
NWS	A	--0.57%
WST	C	--0.59%
LITE	B	--0.6%
POOL	C	--0.61%
MCHP	F	--0.63%
DXCM	C	--0.63%
WDC	D	--0.65%
LSCC	D	--0.7%
ROP	B	--0.7%
TXN	C	--0.81%
INTC	C	--0.93%
FSLR	F	--1.26%