BERZ vs. AIBU ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to Direxion Daily AI and Big Data Bull 2X Shares (AIBU)

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

$18.78

Average Daily Volume

128,752

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AIBU

Direxion Daily AI and Big Data Bull 2X Shares

AIBU Description

The index is designed by Solactive AG to represent the securities of companies from the United States that have business operations in the field of artificial intelligence ("AI") applications and big data. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.64

Average Daily Volume

9,184

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	AIBU
30 Days	-1.05%	4.54%
60 Days	-1.47%	0.68%
90 Days	-8.26%	6.07%
12 Months	-75.39%

6 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in AIBU	Overlap
AAPL	C	6.67%	6.65%	6.65%
AMZN	C	6.67%	6.06%	6.06%
GOOGL	D	6.67%	5.92%	5.92%
META	A	6.67%	7.42%	6.67%
MSFT	C	6.67%	6.17%	6.17%
NVDA	D	6.67%	6.6%	6.6%

BERZ Overweight 9 Positions Relative to AIBU

Symbol	Grade	Weight
TSLA	C	6.67%
CRM	D	6.67%
PANW	C	6.67%
NFLX	B	6.67%
MU	F	6.67%
INTC	F	6.67%
AVGO	C	6.67%
AMD	D	6.67%
ADBE	F	6.67%

BERZ Underweight 3 Positions Relative to AIBU

Symbol	Grade	Weight
NOW	A	-4.49%
IBM	A	-4.22%
ACN	C	-4.15%