BTRN vs. FTXO ETF Comparison
Comparison of Global X Bitcoin Trend Strategy ETF (BTRN) to First Trust Nasdaq Bank ETF (FTXO)
BTRN
Global X Bitcoin Trend Strategy ETF
BTRN Description
BTRN tracks an index that seeks to provide long-only exposure to US exchange-traded bitcoin futures contracts or a short-term US Treasury position. The index dynamically allocates between these two positions based on the value of a proprietary bitcoin trend indicator. The indicator aims to detect the presence, direction, and strength of the price trend of bitcoin. A combination of four exponential moving average calculations are considered in order to compute a single value of the average price of bitcoin over explicit periods. Based on this value, the index increases its allocation to bitcoin futures (up to 100%) when the value indicated is higher, and decreases (until 0%) when the value is lower. Any funds assets not allocated to the bitcoin futures position are subsequently allocated to the US Treasurys position, up to 100%. The fund seeks to gain exposure to BTC futures through investments in a Cayman Islands subsidiary.
Grade (RS Rating)
Last Trade
$36.54
Average Daily Volume
304
1
FTXO
First Trust Nasdaq Bank ETF
FTXO Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq US Smart Banks Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depository receipts that comprise the underlying index. The index is designed to provide exposure to U.S. companies comprising the banking sector that have been selected based upon their liquidity and weighted based upon their cumulative score on three investing factors: volatility, value and growth. The fund is non-diversified.Grade (RS Rating)
Last Trade
$34.83
Average Daily Volume
46,050
50
Performance
| Period | BTRN | FTXO |
|---|---|---|
| 30 Days | 47.35% | 13.90% |
| 60 Days | 51.76% | 19.71% |
| 90 Days | 55.36% | 19.45% |
| 12 Months | 64.59% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BTRN | Weight in FTXO | Overlap |
|---|
BTRN Overweight 1 Positions Relative to FTXO
| Symbol | Grade | Weight | |
|---|---|---|---|
| CLIP | A | 62.74% |
BTRN Underweight 50 Positions Relative to FTXO
| Symbol | Grade | Weight | |
|---|---|---|---|
| WFC | A | -8.79% | |
| BAC | A | -7.89% | |
| C | A | -7.61% | |
| USB | A | -7.5% | |
| JPM | A | -7.48% | |
| MTB | A | -4.33% | |
| FCNCA | A | -3.89% | |
| PNC | B | -3.85% | |
| CFG | B | -3.74% | |
| HBAN | A | -3.72% | |
| FITB | A | -3.48% | |
| RF | A | -3.32% | |
| KEY | B | -2.54% | |
| WBS | A | -1.98% | |
| FHN | A | -1.91% | |
| EWBC | A | -1.64% | |
| PB | A | -1.48% | |
| PNFP | B | -1.33% | |
| WAL | B | -1.19% | |
| WTFC | A | -1.13% | |
| ZION | B | -1.13% | |
| COLB | A | -1.12% | |
| SSB | B | -1.12% | |
| ONB | B | -1.06% | |
| BOKF | B | -1.05% | |
| SNV | B | -1.03% | |
| OZK | B | -0.99% | |
| UBSI | B | -0.95% | |
| BPOP | B | -0.91% | |
| CFR | B | -0.82% | |
| HOMB | A | -0.78% | |
| HWC | B | -0.76% | |
| ABCB | B | -0.71% | |
| UMBF | B | -0.68% | |
| CBSH | A | -0.61% | |
| CATY | B | -0.59% | |
| BKU | A | -0.52% | |
| FULT | A | -0.52% | |
| BANF | B | -0.51% | |
| SFBS | B | -0.51% | |
| IBOC | A | -0.51% | |
| AX | A | -0.51% | |
| WSFS | A | -0.49% | |
| CBU | B | -0.49% | |
| FFIN | B | -0.49% | |
| PRK | B | -0.48% | |
| FFBC | A | -0.48% | |
| TBBK | B | -0.47% | |
| FBP | B | -0.43% | |
| WAFD | B | -0.43% |
BTRN: Top Represented Industries & Keywords
FTXO: Top Represented Industries & Keywords
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