BERZ vs. IDAT ETF Comparison
Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to Cloud Data Tech and Consumer ETF (IDAT)
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
$17.13
Average Daily Volume
112,934
15
IDAT
Cloud Data Tech and Consumer ETF
IDAT Description
The fund will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.Grade (RS Rating)
Last Trade
$31.42
Average Daily Volume
695
34
Performance
| Period | BERZ | IDAT |
|---|---|---|
| 30 Days | -5.15% | 1.22% |
| 60 Days | -14.99% | 1.80% |
| 90 Days | -33.89% | 9.88% |
| 12 Months | -73.48% | 39.35% |
BERZ Underweight 30 Positions Relative to IDAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANET | B | -3.81% | |
| PSTG | D | -3.5% | |
| MRVL | A | -3.41% | |
| WDC | C | -2.96% | |
| NTNX | B | -2.93% | |
| CIEN | B | -2.89% | |
| QCOM | D | -2.76% | |
| JNPR | A | -2.75% | |
| STX | D | -2.63% | |
| NXPI | C | -2.53% | |
| DD | D | -2.39% | |
| NET | B | -2.36% | |
| DDOG | B | -2.28% | |
| TWLO | A | -2.1% | |
| QRVO | F | -2.09% | |
| DT | B | -2.05% | |
| AMT | D | -2.05% | |
| MTSI | B | -2.01% | |
| SWKS | F | -1.99% | |
| SBAC | D | -1.87% | |
| CCI | D | -1.85% | |
| AKAM | D | -1.82% | |
| BDC | B | -1.46% | |
| LITE | A | -1.4% | |
| KD | D | -1.26% | |
| ESTC | D | -1.1% | |
| CFLT | A | -1.01% | |
| TDC | B | -0.75% | |
| GDS | B | -0.69% | |
| DIOD | F | -0.68% |
BERZ: Top Represented Industries & Keywords
IDAT: Top Represented Industries & Keywords
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