BERZ vs. IXN ETF Comparison
Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to iShares Global Tech ETF (IXN)
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
$18.12
Average Daily Volume
123,197
15
IXN
iShares Global Tech ETF
IXN Description
The investment seeks to track the investment results of an index composed of global equities in the technology sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global 1200 Information Technology IndexTM, which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), a subsidiary of McGraw Hill Financial, Inc., deems to be part of the information technology sector of the economy and that S&P believes are important to global markets. The fund is non-diversified.Grade (RS Rating)
Last Trade
$80.81
Average Daily Volume
290,508
71
Performance
| Period | BERZ | IXN |
|---|---|---|
| 30 Days | -10.07% | -0.66% |
| 60 Days | -30.07% | 7.03% |
| 90 Days | 3.37% | -5.39% |
| 12 Months | -74.87% | 39.30% |
10 Overlapping Holdings
BERZ Underweight 61 Positions Relative to IXN
| Symbol | Grade | Weight | |
|---|---|---|---|
| ORCL | C | -1.77% | |
| ACN | B | -1.39% | |
| CSCO | A | -1.38% | |
| IBM | C | -1.33% | |
| NOW | C | -1.28% | |
| QCOM | D | -1.24% | |
| TXN | C | -1.23% | |
| INTU | F | -1.19% | |
| AMAT | D | -1.05% | |
| ADI | C | -0.74% | |
| LRCX | F | -0.67% | |
| KLAC | D | -0.67% | |
| ANET | B | -0.65% | |
| APH | D | -0.52% | |
| SNPS | F | -0.51% | |
| CDNS | D | -0.5% | |
| MSI | A | -0.49% | |
| PLTR | C | -0.47% | |
| CRWD | D | -0.46% | |
| ROP | C | -0.4% | |
| NXPI | F | -0.39% | |
| ADSK | C | -0.38% | |
| FTNT | C | -0.32% | |
| FICO | C | -0.31% | |
| TEL | D | -0.3% | |
| MPWR | C | -0.29% | |
| MCHP | F | -0.27% | |
| IT | C | -0.26% | |
| CTSH | C | -0.25% | |
| GLW | C | -0.23% | |
| DELL | D | -0.22% | |
| HPQ | C | -0.22% | |
| ON | F | -0.2% | |
| CDW | D | -0.2% | |
| KEYS | C | -0.18% | |
| ANSS | D | -0.18% | |
| NTAP | D | -0.17% | |
| FSLR | C | -0.17% | |
| HPE | C | -0.16% | |
| TYL | C | -0.16% | |
| STX | B | -0.15% | |
| GDDY | D | -0.15% | |
| SMCI | F | -0.15% | |
| TER | D | -0.14% | |
| PTC | D | -0.14% | |
| WDC | C | -0.14% | |
| UMC | D | -0.13% | |
| TDY | B | -0.13% | |
| ZBRA | C | -0.12% | |
| AKAM | D | -0.1% | |
| VRSN | C | -0.1% | |
| ENPH | D | -0.1% | |
| SWKS | F | -0.1% | |
| JBL | D | -0.09% | |
| TRMB | B | -0.09% | |
| GEN | A | -0.09% | |
| FFIV | C | -0.08% | |
| JNPR | C | -0.08% | |
| EPAM | F | -0.07% | |
| QRVO | F | -0.06% | |
| HKD | D | -0.0% |
BERZ: Top Represented Industries & Keywords
IXN: Top Represented Industries & Keywords
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