BTRN vs. KBWB ETF Comparison
Comparison of Global X Bitcoin Trend Strategy ETF (BTRN) to PowerShares KBW Bank Portfolio ETF (KBWB)
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
KBWB
PowerShares KBW Bank Portfolio ETF
KBWB Description
The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$70.61
Average Daily Volume
995,867
24
Performance
| Period | BTRN | KBWB |
|---|---|---|
| 30 Days | 47.35% | 13.27% |
| 60 Days | 51.76% | 20.78% |
| 90 Days | 55.36% | 21.74% |
| 12 Months | 71.96% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BTRN | Weight in KBWB | Overlap |
|---|
BTRN Overweight 1 Positions Relative to KBWB
| Symbol | Grade | Weight | |
|---|---|---|---|
| CLIP | A | 62.74% |
BTRN Underweight 24 Positions Relative to KBWB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MS | A | -8.9% | |
| WFC | A | -8.73% | |
| GS | A | -7.94% | |
| BAC | A | -7.9% | |
| JPM | A | -7.51% | |
| MTB | A | -4.3% | |
| COF | B | -4.29% | |
| BK | A | -3.97% | |
| PNC | B | -3.85% | |
| C | A | -3.8% | |
| STT | A | -3.8% | |
| FITB | A | -3.78% | |
| HBAN | A | -3.78% | |
| USB | A | -3.69% | |
| TFC | A | -3.63% | |
| RF | A | -3.52% | |
| NTRS | A | -3.21% | |
| CFG | B | -3.05% | |
| KEY | B | -2.65% | |
| EWBC | A | -2.1% | |
| FHN | A | -1.59% | |
| WAL | B | -1.44% | |
| CMA | A | -1.32% | |
| ZION | B | -1.28% |
BTRN: Top Represented Industries & Keywords
KBWB: Top Represented Industries & Keywords
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