BERZ vs. NZUS ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to SPDR MSCI USA Climate Paris Aligned ETF (NZUS)

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

$14.79

Average Daily Volume

110,343

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NZUS

SPDR MSCI USA Climate Paris Aligned ETF

NZUS Description

SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Climate Paris Aligned Index, by using representative sampling technique. It does not invest in stocks of companies operating across cluster bombs, landmines, depleted uranium, chemical or biological weapons, blinding laser weapons, non-detectable fragments or incendiary weapons, tobacco, mining of thermal coal, oil and gas related activities, including distribution / retail, equipment and services, extraction and production, petrochemicals, pipelines and transportation and refining, thermal coal based, liquid fuel based and natural gas based power generation sectors. SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.37

Average Daily Volume

311

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	NZUS
30 Days	-18.72%	2.07%
60 Days	-30.69%	4.64%
90 Days	-30.76%	7.01%
12 Months	-72.19%	33.23%

14 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in NZUS	Overlap
AAPL	C	6.67%	6.69%	6.67%
ADBE	C	6.67%	0.59%	0.59%
AMD	F	6.67%	0.57%	0.57%
AMZN	A	6.67%	3.66%	3.66%
AVGO	C	6.67%	1.71%	1.71%
CRM	B	6.67%	0.86%	0.86%
GOOGL	C	6.67%	1.21%	1.21%
INTC	C	6.67%	0.28%	0.28%
META	B	6.67%	2.55%	2.55%
MSFT	C	6.67%	6.65%	6.65%
NFLX	A	6.67%	0.79%	0.79%
NVDA	A	6.67%	7.86%	6.67%
PANW	B	6.67%	0.06%	0.06%
TSLA	B	6.67%	2.89%	2.89%

BERZ Overweight 1 Positions Relative to NZUS

	Symbol	Grade	Weight
	MU	D	6.67%

BERZ Underweight 234 Positions Relative to NZUS

Symbol	Grade	Weight
GOOG	C	-2.36%
V	A	-1.75%
LLY	F	-1.74%
DLR	C	-1.7%
SHW	A	-1.53%
JPM	A	-1.27%
MA	B	-1.26%
IBM	D	-1.24%
EIX	C	-1.21%
UNH	B	-1.21%
XYL	F	-1.14%
MCD	C	-0.96%
NOW	A	-0.94%
HD	B	-0.9%
JNJ	D	-0.9%
EQIX	B	-0.87%
CSCO	A	-0.85%
ORCL	A	-0.82%
SPGI	C	-0.75%
PLD	D	-0.72%
TXN	B	-0.67%
MRK	F	-0.66%
INTU	A	-0.63%
ADI	D	-0.63%
ACN	B	-0.62%
FSLR	F	-0.58%
MCO	C	-0.57%
ABBV	F	-0.57%
ACM	B	-0.57%
AFL	C	-0.56%
AME	A	-0.54%
ZTS	D	-0.52%
MSI	B	-0.52%
AWK	D	-0.52%
TMO	F	-0.52%
DHR	F	-0.51%
PNR	A	-0.47%
ROK	B	-0.45%
BXP	D	-0.45%
ARE	F	-0.45%
DOC	C	-0.45%
AVB	B	-0.45%
ESS	C	-0.44%
QCOM	F	-0.43%
SCHW	B	-0.4%
AXP	B	-0.39%
DIS	B	-0.39%
TJX	A	-0.39%
CB	C	-0.38%
ISRG	A	-0.38%
FTV	C	-0.36%
PGR	A	-0.36%
BMY	B	-0.36%
SYK	A	-0.35%
ITW	B	-0.35%
MMC	D	-0.33%
MTD	F	-0.33%
MRVL	B	-0.32%
JNPR	D	-0.31%
MDT	D	-0.3%
CME	B	-0.3%
HSY	F	-0.29%
RIVN	F	-0.29%
WFC	A	-0.28%
ADSK	B	-0.28%
AMGN	F	-0.28%
BSX	A	-0.28%
ICE	C	-0.27%
SBUX	B	-0.27%
VRTX	B	-0.27%
PFE	F	-0.25%
GRMN	A	-0.25%
IEX	B	-0.25%
BX	A	-0.24%
FAST	B	-0.24%
AMT	F	-0.24%
VICI	D	-0.24%
ALLE	D	-0.24%
WST	B	-0.24%
ACGL	C	-0.24%
SNPS	C	-0.23%
CMCSA	B	-0.23%
ELV	F	-0.22%
APO	B	-0.22%
MELI	D	-0.22%
KLAC	F	-0.22%
ENPH	F	-0.21%
PSA	D	-0.21%
BK	B	-0.21%
BRO	B	-0.21%
REGN	F	-0.21%
UNP	D	-0.2%
PYPL	A	-0.2%
UBER	F	-0.2%
CTAS	B	-0.2%
CHD	A	-0.2%
WAT	B	-0.2%
ODFL	B	-0.2%
WELL	B	-0.2%
AON	B	-0.19%
ABNB	C	-0.19%
APH	B	-0.19%
EBAY	C	-0.18%
KKR	B	-0.18%
O	D	-0.18%
CPRT	A	-0.17%
ROP	A	-0.17%
AFG	A	-0.17%
HIG	C	-0.17%
EW	F	-0.17%
AXON	B	-0.16%
CMG	B	-0.16%
VRSK	A	-0.16%
FFIV	B	-0.16%
MNST	B	-0.15%
VLTO	D	-0.15%
ECL	C	-0.15%
PAYX	B	-0.15%
YUM	B	-0.15%
VRSN	C	-0.15%
SPG	A	-0.15%
TRMB	B	-0.14%
RMD	C	-0.14%
ALL	B	-0.14%
CINF	A	-0.14%
ROST	D	-0.14%
WTW	A	-0.14%
KEYS	C	-0.13%
USB	B	-0.13%
IDXX	F	-0.13%
FTNT	B	-0.13%
CHTR	B	-0.13%
ROL	C	-0.12%
RVTY	C	-0.12%
MET	C	-0.12%
MKL	A	-0.12%
NDAQ	B	-0.12%
TROW	A	-0.11%
FDS	A	-0.11%
VZ	D	-0.11%
ETN	B	-0.11%
ALNY	D	-0.11%
RPRX	F	-0.11%
CSGP	F	-0.1%
LULU	B	-0.1%
FI	A	-0.1%
MPWR	F	-0.1%
EQR	C	-0.1%
AJG	A	-0.1%
EFX	F	-0.1%
GGG	B	-0.1%
SEIC	A	-0.1%
CBOE	D	-0.1%
KIM	A	-0.09%
WRB	B	-0.09%
NEM	F	-0.09%
NTRS	A	-0.09%
ADP	A	-0.09%
ERIE	F	-0.09%
A	F	-0.09%
BDX	F	-0.09%
NKE	F	-0.08%
DXCM	C	-0.08%
KDP	C	-0.08%
VEEV	B	-0.08%
MTB	A	-0.08%
DFS	B	-0.08%
WDAY	B	-0.08%
HOLX	D	-0.08%
HUM	D	-0.08%
TRV	B	-0.07%
ZBH	C	-0.07%
ULTA	C	-0.07%
MKTX	C	-0.07%
ANET	C	-0.07%
VTR	C	-0.07%
BIIB	F	-0.06%
ILMN	C	-0.06%
ANSS	B	-0.06%
GWW	B	-0.05%
TYL	B	-0.05%
AOS	F	-0.05%
LOW	B	-0.05%
PODD	B	-0.05%
BMRN	F	-0.05%
TMUS	A	-0.05%
VMC	B	-0.05%
TTD	B	-0.05%
EXR	D	-0.05%
CTLT	D	-0.04%
TFX	F	-0.04%
HLT	A	-0.04%
NBIX	C	-0.04%
FOXA	A	-0.04%
IR	A	-0.04%
BAH	C	-0.04%
BIO	C	-0.04%
AMP	A	-0.04%
WM	A	-0.04%
INCY	B	-0.04%
HUBS	B	-0.03%
STZ	D	-0.03%
AVTR	F	-0.03%
TTWO	A	-0.03%
SQ	B	-0.03%
FOX	A	-0.03%
DGX	B	-0.03%
EL	F	-0.03%
TECH	D	-0.03%
GILD	B	-0.03%
ALGN	D	-0.03%
SNAP	C	-0.02%
EXAS	F	-0.02%
MTCH	F	-0.02%
LH	B	-0.02%
DOCU	B	-0.02%
ZM	B	-0.02%
PINS	F	-0.02%
OKTA	C	-0.02%
SNOW	C	-0.02%
COIN	B	-0.02%
IQV	F	-0.02%
TW	B	-0.02%
BAX	F	-0.01%
MRNA	F	-0.01%
SMCI	F	-0.01%
PAYC	B	-0.01%
EPAM	B	-0.01%
WPC	F	-0.01%
MDB	C	-0.01%
MKC	D	-0.01%
TRU	D	-0.01%
CSX	B	-0.01%
BAC	A	-0.01%