CLSE vs FDMO
Convergence Long/Short Equity ETF against Fidelity Momentum Factor ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
40%
59 shared positions
Fee gap
137 bp
FDMO is cheaper
1-year return gap
18.3 pts
CLSE is ahead
Larger fund
FDMO
$848M
Side by side
| CLSE | FDMO | |
|---|---|---|
| Fund | Convergence Long/Short Equity ETF | Fidelity Momentum Factor ETF |
| Issuer | Convergence | Fidelity |
| Category | Long/Short & Market Neutral | Momentum |
| Expense ratio | 1.52% | 0.15% |
| Assets | $614M | $848M |
| Average daily dollar volume | $15M | $6.1M |
| Listed | Dec 29, 2009 | Sep 12, 2016 |
| FrenzyCap score | 57 | 73 |
| 1-month return | −0.4% | −3.1% |
| 3-month return | −0.2% | −0.7% |
| Year to date | +24.4% | +11.5% |
| 1-year return | +31.0% | +12.7% |
| 30-day volatility | 7.4% | 15.0% |
| Worst drawdown, 1 year | −4.9% | −12.3% |
| Trailing 12-month yield | 0.77% | 0.63% |
| Holdings | 345 | 137 |
| Top 10 weight | 29.7% | 39.1% |
| Look-through P/E | 21.0 | 29.4 |
| Holdings vs fair value | +14.9% | +3.2% |
| Holdings above 200-day average | 60% | 67% |
| Net flow, latest 3 reported months | +$198M thru May 2026 | +$44M thru Jul 2026 |
| 30-day implied volatility | — | 18.2% |
| Holdings as of | as of May 31, 2026SEC filing | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
55% of CLSE · 60% of FDMO| Holding | CLSE | FDMO |
|---|---|---|
| NVDA | 4.67% | 8.55% |
| AMZN | 2.75% | 3.80% |
| MU | 3.77% | 2.59% |
| GOOGL | 2.53% | 5.56% |
| AMD | 3.02% | 2.48% |
| SNDK | 1.99% | 1.52% |
| LRCX | 3.12% | 1.45% |
| DELL | 2.22% | 1.39% |
| WDC | 1.24% | 1.10% |
| CIEN | 1.24% | 1.03% |
| WMT | 0.98% | 0.96% |
| AAPL | 0.83% | 8.29% |
| BAC | 0.81% | 0.82% |
| TER | 0.73% | 1.07% |
| MRK | 0.72% | 1.08% |
| GE | 0.66% | 0.72% |
| JNJ | 0.66% | 1.37% |
| UNH | 0.64% | 1.04% |
| C | 0.60% | 0.69% |
| ROKU | 1.88% | 0.55% |
| BNY | 0.78% | 0.54% |
| PNC | 0.60% | 0.51% |
| APP | 1.42% | 0.51% |
| RTX | 0.50% | 0.67% |
| OSCR | 0.48% | 0.56% |
Sector mix of the stock holdings
| Sector | CLSE | FDMO | Gap |
|---|---|---|---|
| Technology | 48.8% | 41.3% | +7.5% |
| Industrials | 12.5% | 10.7% | +1.8% |
| Financials | 12.2% | 10.1% | +2.1% |
| Health Care | 9.5% | 11.6% | −2.1% |
| Consumer Discretionary | 10.1% | 10.5% | −0.4% |
| Energy | 3.8% | 3.7% | +0.2% |
| Materials | 3.8% | 3.1% | +0.7% |
| Utilities | 2.8% | 2.3% | +0.5% |
| Consumer Staples | 2.8% | 2.2% | +0.6% |
| Communication Services | 2.4% | 2.2% | +0.2% |
| Real Estate | 2.5% | 2.0% | +0.6% |
More: full overlap table · CLSE holdings · FDMO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.