ETEC vs. BOUT ETF Comparison
Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to Innovator IBD Breakout Opportunities ETF (BOUT)
ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC Description
ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.
Grade (RS Rating)
Last Trade
$20.97
Average Daily Volume
748
12
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.Grade (RS Rating)
Last Trade
$35.12
Average Daily Volume
2,228
43
Performance
| Period | ETEC | BOUT |
|---|---|---|
| 30 Days | -5.22% | 0.83% |
| 60 Days | -5.65% | 0.78% |
| 90 Days | -0.09% | -1.27% |
| 12 Months | -13.48% | 12.70% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ETEC | Weight in BOUT | Overlap | |
|---|---|---|---|---|---|
| OLED | A | 6.24% | 3.83% | 3.83% |
ETEC Underweight 42 Positions Relative to BOUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| LOAR | D | -4.48% | |
| VIK | B | -4.38% | |
| CTRI | F | -4.37% | |
| PACS | B | -4.36% | |
| ONON | C | -4.32% | |
| PAL | B | -4.29% | |
| MSDL | B | -4.28% | |
| AHR | A | -4.28% | |
| MPWR | B | -3.87% | |
| KLAC | B | -3.87% | |
| ISRG | A | -3.76% | |
| QRVO | B | -3.75% | |
| SPB | D | -3.72% | |
| NXPI | B | -3.72% | |
| IDCC | A | -3.71% | |
| AMGN | B | -2.52% | |
| RSG | A | -2.5% | |
| RL | C | -2.49% | |
| PSTG | B | -2.48% | |
| IBKR | B | -2.44% | |
| GOOGL | A | -2.44% | |
| DDOG | B | -2.42% | |
| ERJ | D | -2.4% | |
| BKNG | B | -1.35% | |
| KSPI | B | -1.25% | |
| GMED | B | -1.25% | |
| AVAV | D | -1.25% | |
| ATGE | A | -1.25% | |
| NVO | B | -1.22% | |
| ANF | C | -1.22% | |
| AZN | C | -1.21% | |
| PLTR | A | -0.49% | |
| ARM | A | -0.49% | |
| FN | C | -0.48% | |
| NFLX | A | -0.47% | |
| UBS | B | -0.46% | |
| DECK | C | -0.46% | |
| PINS | B | -0.45% | |
| HALO | B | -0.45% | |
| CRWD | B | -0.44% | |
| PDD | D | -0.43% | |
| AMSC | B | -0.43% |
ETEC: Top Represented Industries & Keywords
BOUT: Top Represented Industries & Keywords
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