ARKX vs. BERZ ETF Comparison
Comparison of ARK Space Exploration & Innovation ETF (ARKX) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)
ARKX
ARK Space Exploration & Innovation ETF
ARKX Description
The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.
Grade (RS Rating)
Last Trade
$15.20
Average Daily Volume
68,922
27
BERZ
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN
BERZ Description
BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.Grade (RS Rating)
Last Trade
$16.83
Average Daily Volume
116,922
15
Performance
| Period | ARKX | BERZ |
|---|---|---|
| 30 Days | -0.20% | -29.64% |
| 60 Days | -0.13% | -37.22% |
| 90 Days | 3.97% | -36.87% |
| 12 Months | 3.23% | -77.65% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARKX | Weight in BERZ | Overlap | |
|---|---|---|---|---|---|
| AMZN | A | 4.03% | 6.67% | 4.03% |
ARKX Overweight 26 Positions Relative to BERZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| KTOS | B | 9.06% | |
| IRDM | D | 8.37% | |
| AVAV | D | 7.65% | |
| TER | A | 7.37% | |
| TRMB | C | 6.71% | |
| LHX | B | 5.59% | |
| RKLB | B | 3.33% | |
| ACHR | C | 3.21% | |
| BLDE | B | 2.94% | |
| PRNT | D | 2.73% | |
| DE | F | 2.71% | |
| GRMN | C | 2.68% | |
| GOOG | A | 2.38% | |
| JOBY | C | 2.2% | |
| PLTR | A | 2.04% | |
| PATH | D | 1.97% | |
| HON | B | 1.6% | |
| HEI | B | 1.58% | |
| SNPS | B | 1.57% | |
| LMT | C | 1.42% | |
| TDY | D | 1.33% | |
| ANSS | C | 1.14% | |
| MYNA | D | 0.85% | |
| U | F | 0.79% | |
| OSPN | C | 0.5% | |
| DDD | F | 0.4% |
ARKX: Top Represented Industries & Keywords
BERZ: Top Represented Industries & Keywords
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