VDC vs. CLSE ETF Comparison

Comparison of Vanguard Consumer Staples ETF - DNQ (VDC) to Convergence Long/Short Equity ETF (CLSE)

VDC

Vanguard Consumer Staples ETF - DNQ

VDC Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Staples 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the consumer staples sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$205.71

Average Daily Volume

102,976

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

$20.74

Average Daily Volume

40,284

Number of Holdings ^*

349

* may have additional holdings in another (foreign) market

Performance

Period	VDC	CLSE
30 Days	2.81%	0.58%
60 Days	2.40%	5.08%
90 Days	4.81%	12.14%
12 Months	5.43%	41.57%

18 Overlapping Holdings

Symbol	Grade	Weight in VDC	Weight in CLSE	Overlap
BG	B	0.63%	0.71%	0.63%
BRBR	C	0.4%	0.76%	0.4%
DAR	D	0.32%	-0.42%	-0.42%
DG	D	1.26%	-0.19%	-0.19%
DLTR	D	1.01%	-0.26%	-0.26%
EL	F	1.33%	-0.25%	-0.25%
GO	F	0.16%	-0.25%	-0.25%
IPAR	D	0.17%	-0.13%	-0.13%
KDP	A	1.23%	-0.26%	-0.26%
KR	B	1.47%	0.32%	0.32%
KVUE	D	1.36%	-0.15%	-0.15%
LW	F	0.62%	-0.26%	-0.26%
MO	A	2.84%	0.76%	0.76%
PG	A	12.0%	0.74%	0.74%
PPC	A	0.15%	0.74%	0.15%
SJM	F	0.56%	-0.16%	-0.16%
TSN	B	0.68%	0.75%	0.68%
WMT	B	7.95%	1.34%	1.34%

VDC Overweight 81 Positions Relative to CLSE

Symbol	Grade	Weight
COST	A	10.03%
KO	A	7.43%
PEP	B	7.02%
PM	B	4.39%
MDLZ	B	3.46%
TGT	D	2.92%
CL	A	2.61%
MNST	D	1.73%
STZ	D	1.69%
KMB	B	1.62%
SYY	D	1.54%
GIS	B	1.52%
ADM	C	1.28%
HSY	B	1.08%
KHC	C	0.99%
CHD	A	0.98%
MKC	B	0.75%
WBA	F	0.62%
CLX	F	0.62%
K	B	0.61%
CAG	B	0.56%
TAP	F	0.53%
CASY	A	0.52%
PFGC	D	0.51%
CELH	D	0.51%
ELF	D	0.51%
USFD	C	0.5%
HRL	B	0.44%
BJ	B	0.44%
CPB	B	0.37%
SFM	A	0.36%
INGR	A	0.35%
FRPT	C	0.33%
ACI	D	0.31%
POST	B	0.29%
FLO	B	0.24%
COTY	F	0.24%
COKE	B	0.24%
WDFC	D	0.22%
SPB	C	0.22%
LANC	D	0.21%
SMPL	B	0.18%
ANDE	B	0.17%
SAM	F	0.17%
CALM	D	0.17%
CENTA	D	0.17%
PSMT	A	0.16%
REYN	D	0.14%
JJSF	C	0.14%
CHEF	A	0.13%
THS	F	0.13%
EPC	B	0.13%
ENR	C	0.13%
KLG	A	0.12%
VGR	D	0.12%
UTZ	B	0.12%
FDP	D	0.11%
HLF	C	0.11%
IMKTA	F	0.11%
WMK	D	0.11%
UVV	B	0.11%
BGS	B	0.1%
JBSS	D	0.1%
MGPI	F	0.1%
FIZZ	D	0.1%
VITL	A	0.09%
SPTN	D	0.08%
NUS	F	0.08%
CVGW	B	0.07%
NAPA	F	0.07%
AVO	B	0.07%
HAIN	F	0.07%
TPB	B	0.07%
TR	F	0.07%
BYND	D	0.07%
USNA	F	0.07%
CENT	D	0.06%
MED	F	0.06%
UNFI	F	0.06%
SKIN	F	0.05%
OLPX	F	0.04%

VDC Underweight 331 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-3.46%
MSFT	D	-3.3%
AMZN	A	-3.15%
GOOGL	A	-2.56%
GOOG	A	-2.36%
QCOM	B	-2.29%
META	D	-2.17%
AMAT	C	-2.09%
MU	B	-2.01%
APP	B	-1.95%
NTAP	B	-1.74%
ANET	D	-1.65%
NTNX	C	-1.6%
SNX	A	-1.49%
CRWD	D	-1.32%
IBM	D	-1.29%
PYPL	B	-1.27%
DOCU	B	-1.11%
HD	D	-1.08%
NFLX	C	-1.0%
MUSA	D	-0.99%
APPF	B	-0.95%
EBAY	C	-0.95%
AMG	D	-0.95%
PAGS	D	-0.94%
MRK	B	-0.93%
T	B	-0.93%
AAPL	B	-0.91%
SPOT	B	-0.91%
SYF	B	-0.91%
STNE	C	-0.91%
JPM	B	-0.9%
PFE	D	-0.9%
JNJ	F	-0.89%
AMGN	B	-0.89%
SEIC	D	-0.88%
COIN	D	-0.87%
VTRS	D	-0.87%
LLY	C	-0.86%
MTG	C	-0.86%
ABBV	D	-0.86%
MPC	D	-0.85%
PBF	D	-0.85%
UBER	D	-0.83%
TW	A	-0.83%
HALO	C	-0.81%
OGN	B	-0.8%
BAC	A	-0.77%
IIPR	B	-0.77%
PLTR	D	-0.75%
VLO	D	-0.75%
SMCI	D	-0.74%
XOM	B	-0.74%
FITB	A	-0.73%
WFC	B	-0.72%
CI	C	-0.72%
EME	A	-0.71%
F	D	-0.69%
MCK	A	-0.69%
GFF	D	-0.69%
PSX	D	-0.68%
VRT	B	-0.67%
BLDR	D	-0.65%
MLI	A	-0.63%
PEGA	D	-0.63%
UMBF	B	-0.62%
KNF	B	-0.62%
IESC	B	-0.61%
CNC	C	-0.6%
VST	B	-0.58%
OMI	F	-0.58%
AGO	D	-0.58%
OC	A	-0.58%
THC	A	-0.57%
SKYW	B	-0.57%
GM	A	-0.57%
AMR	D	-0.56%
BCC	D	-0.56%
GMS	C	-0.55%
LOPE	B	-0.55%
ITRI	A	-0.54%
PGR	A	-0.54%
NU	C	-0.53%
AYI	C	-0.53%
STRL	B	-0.53%
HQY	D	-0.53%
CAT	D	-0.52%
CAH	D	-0.52%
DVA	B	-0.52%
FTDR	B	-0.52%
DPZ	B	-0.51%
NEE	B	-0.5%
CNM	A	-0.49%
UHS	D	-0.48%
CNA	B	-0.48%
HIG	C	-0.47%
EXC	B	-0.46%
REZI	D	-0.46%
EVRG	B	-0.46%
EXP	A	-0.45%
LDOS	A	-0.45%
HRB	C	-0.44%
RGA	A	-0.42%
SAIC	C	-0.4%
BKNG	C	-0.4%
APA	F	-0.4%
CVI	F	-0.39%
PEG	A	-0.39%
SLVM	A	-0.39%
BCO	B	-0.38%
STLD	D	-0.38%
GLPI	D	-0.37%
J	D	-0.37%
SPG	C	-0.37%
NSA	D	-0.37%
GRMN	A	-0.36%
SR	B	-0.35%
STAG	D	-0.35%
BLD	D	-0.34%
IBP	D	-0.34%
GDDY	A	-0.33%
WDC	B	-0.32%
RS	D	-0.32%
FDX	D	-0.31%
BAH	B	-0.31%
PSTG	C	-0.3%
RPRX	D	-0.29%
SPGI	C	-0.28%
AMP	C	-0.26%
UNP	D	-0.24%
NEU	D	-0.23%
ANF	C	-0.22%
AEO	B	-0.21%
MGM	F	-0.21%
FIX	A	-0.2%
NTRA	A	-0.19%
DECK	D	-0.17%
SKT	C	-0.14%
FG	B	-0.13%
SUM	D	-0.12%
DOCS	F	-0.12%
PHM	B	-0.11%
EXEL	D	-0.11%
MOD	A	-0.11%
VCTR	A	-0.09%
ROCK	D	-0.07%
AOS	D	-0.0%
WDAY	F	-0.0%
PNC	B	-0.0%
DNUT	F	--0.05%
HTZ	F	--0.06%
AWR	C	--0.06%
ENPH	F	--0.07%
TROX	B	--0.07%
IAS	D	--0.08%
MODG	B	--0.08%
PYCR	F	--0.08%
JOBY	C	--0.08%
JBHT	D	--0.08%
LGIH	F	--0.08%
MCW	C	--0.08%
PNM	C	--0.08%
FCNCA	B	--0.08%
CROX	C	--0.09%
DOC	A	--0.09%
SUI	F	--0.09%
ATI	B	--0.09%
PTCT	B	--0.09%
PLNT	D	--0.09%
CWST	C	--0.09%
RYAN	D	--0.09%
RRC	B	--0.1%
ACVA	D	--0.1%
COLD	F	--0.1%
DRVN	F	--0.1%
VTR	B	--0.1%
PCH	D	--0.1%
HAS	B	--0.1%
GOGL	A	--0.11%
EXR	C	--0.11%
CHK	B	--0.11%
AES	B	--0.11%
WTW	D	--0.11%
DAY	F	--0.11%
CHDN	B	--0.11%
VAC	C	--0.11%
LPX	D	--0.12%
KNX	D	--0.12%
MDU	A	--0.12%
BOOT	B	--0.12%
ADC	B	--0.12%
AEE	B	--0.12%
TXG	F	--0.13%
TFC	B	--0.13%
GME	B	--0.13%
AVAV	B	--0.14%
LFST	C	--0.14%
VFC	F	--0.14%
FLNC	B	--0.15%
CNXC	D	--0.15%
ZWS	C	--0.15%
KMPR	B	--0.15%
XYL	A	--0.15%
CZR	F	--0.15%
FL	F	--0.15%
O	B	--0.15%
RBA	D	--0.15%
CRS	B	--0.15%
SPR	D	--0.15%
AJG	C	--0.15%
GPOR	B	--0.16%
AXSM	C	--0.16%
CHH	C	--0.16%
HAYW	C	--0.16%
ARWR	F	--0.16%
RUN	D	--0.16%
SRE	B	--0.16%
FOXF	F	--0.16%
AXON	B	--0.16%
WAFD	B	--0.17%
IOVA	C	--0.17%
UCBI	B	--0.17%
WTM	B	--0.17%
FOUR	F	--0.18%
WAL	B	--0.18%
GPI	B	--0.18%
ALLY	B	--0.18%
UHAL	B	--0.18%
COF	B	--0.18%
NARI	D	--0.18%
MTN	F	--0.18%
HASI	C	--0.19%
FMC	C	--0.19%
GATX	C	--0.19%
IRT	B	--0.19%
PR	B	--0.19%
BE	C	--0.19%
LNC	C	--0.2%
APD	C	--0.2%
PPBI	D	--0.2%
SBCF	C	--0.2%
BANC	C	--0.2%
NTLA	F	--0.21%
CABO	F	--0.21%
MP	C	--0.21%
ROG	C	--0.21%
EQT	B	--0.22%
TSLA	D	--0.23%
NDAQ	B	--0.23%
UEC	B	--0.23%
SHC	F	--0.23%
RIVN	F	--0.23%
IRTC	D	--0.24%
CAR	D	--0.24%
ATO	A	--0.24%
CG	D	--0.25%
PRCT	B	--0.25%
FIS	B	--0.25%
EVH	F	--0.25%
ASB	A	--0.25%
TMDX	B	--0.26%
NOG	B	--0.26%
GTLS	B	--0.26%
FSLR	B	--0.26%
CNX	B	--0.27%
CFLT	F	--0.27%
UI	D	--0.27%
MASI	D	--0.27%
FNB	B	--0.27%
ORCL	D	--0.27%
RNR	D	--0.27%
AGNC	C	--0.28%
BIO	F	--0.28%
NOVT	D	--0.28%
NNI	B	--0.28%
TTWO	D	--0.29%
NEOG	F	--0.29%
AR	A	--0.29%
AAP	D	--0.29%
TOST	C	--0.29%
PFSI	B	--0.29%
GS	A	--0.29%
ALB	D	--0.3%
MS	A	--0.31%
FIVE	F	--0.32%
LAD	D	--0.33%
IAC	C	--0.34%
FYBR	B	--0.34%
NXST	C	--0.34%
CARR	A	--0.35%
BX	D	--0.35%
IBKR	A	--0.35%
DV	F	--0.36%
KMX	D	--0.37%
TGNA	D	--0.37%
D	B	--0.37%
GE	A	--0.37%
MSTR	D	--0.38%
VSAT	D	--0.4%
SATS	B	--0.4%
RVMD	B	--0.4%
MARA	C	--0.42%
CRL	D	--0.42%
LBRDK	F	--0.42%
RIOT	F	--0.42%
RH	D	--0.42%
MSGS	B	--0.42%
UTHR	A	--0.42%
ZI	D	--0.43%
FIVN	F	--0.44%
GFS	D	--0.44%
FND	D	--0.45%
INSP	B	--0.45%
BILL	F	--0.46%
ASAN	F	--0.46%
WBD	F	--0.46%
SPT	F	--0.46%
U	F	--0.47%
CGNX	B	--0.48%
BA	F	--0.48%
TECH	C	--0.49%
TXN	A	--0.5%
ALGM	C	--0.53%
COHR	D	--0.55%
KLIC	D	--0.55%
ZBRA	A	--0.58%
LITE	F	--0.59%
QQQ	C	--0.6%
WOLF	F	--0.63%
INTC	F	--0.65%
SITM	C	--0.66%