BWEB vs. LTL ETF Comparison
Comparison of Bitwise Web3 ETF (BWEB) to ProShares Ultra Telecommunications ProShares (LTL)
BWEB
Bitwise Web3 ETF
BWEB Description
Bitwise Web3 ETF is an exchange traded fund launched and managed by Bitwise Investment Manager, LLC. The fund is co-managed by Vident Investment Advisory, LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across cryptography and blockchain technology, web3 infrastructure companies, metaverse and immersive digital, web3 development and governance, web3 creator economy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Bitwise Web3 Equities Index, by using full replication. Bitwise Web3 ETF was formed on October 4, 2022 and is domiciled in the United States.
Grade (RS Rating)
Last Trade
$56.98
Average Daily Volume
554
28
LTL
ProShares Ultra Telecommunications ProShares
LTL Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select TelecommunicationsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of U.S. stock market performance of fixed line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services). The fund is non-diversified.Grade (RS Rating)
Last Trade
$84.58
Average Daily Volume
2,888
22
Performance
| Period | BWEB | LTL |
|---|---|---|
| 30 Days | 15.18% | 13.06% |
| 60 Days | 25.70% | 18.43% |
| 90 Days | 24.20% | 21.35% |
| 12 Months | 60.89% | 73.38% |
BWEB Overweight 24 Positions Relative to LTL
| Symbol | Grade | Weight | |
|---|---|---|---|
| COIN | C | 11.22% | |
| SHOP | B | 9.65% | |
| RBLX | C | 7.17% | |
| EQIX | A | 6.53% | |
| SQ | A | 4.55% | |
| HOOD | B | 4.24% | |
| NET | B | 4.03% | |
| MARA | B | 3.61% | |
| U | C | 3.53% | |
| CLSK | C | 2.04% | |
| RIOT | C | 1.99% | |
| AKAM | D | 1.97% | |
| NVDA | B | 1.58% | |
| TSM | B | 1.34% | |
| V | A | 1.23% | |
| MA | B | 1.2% | |
| XOM | B | 1.19% | |
| WULF | C | 1.17% | |
| MSFT | D | 1.17% | |
| IREN | C | 1.09% | |
| CIFR | C | 0.82% | |
| APLD | B | 0.48% | |
| BTBT | C | 0.39% | |
| CMPO | B | 0.15% |
BWEB Underweight 18 Positions Relative to LTL
BWEB: Top Represented Industries & Keywords
LTL: Top Represented Industries & Keywords
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