IVES vs. FCLD ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Fidelity Cloud Computing ETF (FCLD)
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”
Grade (RS Rating)
Last Trade
$44.64
Average Daily Volume
3,831
45
FCLD
Fidelity Cloud Computing ETF
FCLD Description
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internetGrade (RS Rating)
Last Trade
$22.45
Average Daily Volume
18,662
47
Performance
Period | IVES | FCLD |
---|---|---|
30 Days | 5.31% | 3.55% |
60 Days | -3.68% | -7.50% |
90 Days | 1.72% | -2.44% |
12 Months | 21.32% | 12.14% |
21 Overlapping Holdings
Symbol | Grade | Weight in IVES | Weight in FCLD | Overlap | |
---|---|---|---|---|---|
BOX | A | 0.92% | 1.51% | 0.92% | |
CFLT | F | 1.27% | 1.15% | 1.15% | |
CVLT | B | 1.27% | 1.86% | 1.27% | |
DBX | D | 1.58% | 1.62% | 1.58% | |
DDOG | D | 2.85% | 2.7% | 2.7% | |
DOCN | B | 0.65% | 0.98% | 0.65% | |
ESTC | F | 3.94% | 1.17% | 1.17% | |
FROG | F | 0.57% | 0.94% | 0.57% | |
FSLY | F | 0.16% | 0.6% | 0.16% | |
GTLB | C | 1.45% | 1.34% | 1.34% | |
INFA | F | 1.44% | 0.72% | 0.72% | |
MDB | C | 2.9% | 2.54% | 2.54% | |
MSTR | F | 2.17% | 1.82% | 1.82% | |
NTAP | D | 2.66% | 2.3% | 2.3% | |
NTNX | A | 2.94% | 2.21% | 2.21% | |
PDFS | D | 0.36% | 0.98% | 0.36% | |
PSTG | F | 2.13% | 1.71% | 1.71% | |
RNG | D | 0.6% | 1.09% | 0.6% | |
SMCI | F | 1.57% | 1.49% | 1.49% | |
SWI | B | 0.41% | 0.74% | 0.41% | |
TDC | F | 0.52% | 1.02% | 0.52% |
IVES Overweight 24 Positions Relative to FCLD
Symbol | Grade | Weight | |
---|---|---|---|
OTEX | C | 4.89% | |
GDS | A | 3.81% | |
IOT | A | 3.16% | |
NET | F | 3.09% | |
OKTA | F | 2.46% | |
APPF | D | 1.61% | |
HCP | B | 1.3% | |
SMAR | A | 1.29% | |
ZETA | B | 1.09% | |
KD | D | 1.04% | |
BLKB | B | 0.82% | |
VNET | B | 0.79% | |
KC | F | 0.75% | |
NCNO | D | 0.66% | |
INTA | B | 0.64% | |
NABL | D | 0.46% | |
JAMF | D | 0.46% | |
APPN | F | 0.45% | |
GDYN | B | 0.21% | |
RXT | D | 0.1% | |
UIS | C | 0.07% | |
DOMO | F | 0.06% | |
EGHT | F | 0.05% | |
BLZE | F | 0.05% |
IVES Underweight 26 Positions Relative to FCLD
Symbol | Grade | Weight | |
---|---|---|---|
ORCL | A | -5.32% | |
NOW | B | -5.07% | |
INTU | D | -4.75% | |
CRM | D | -4.72% | |
MSFT | D | -4.34% | |
EQIX | B | -3.63% | |
WDAY | C | -3.49% | |
DLR | D | -2.97% | |
TEAM | F | -2.44% | |
SNOW | F | -2.39% | |
HPE | D | -2.32% | |
ZM | B | -2.23% | |
STX | D | -2.18% | |
XRX | D | -2.1% | |
FFIV | B | -2.08% | |
HUBS | F | -2.05% | |
WDC | D | -1.98% | |
DT | A | -1.93% | |
TWLO | D | -1.91% | |
DAY | C | -1.82% | |
PATH | D | -1.46% | |
PEGA | B | -1.31% | |
VERX | C | -1.03% | |
VRNT | F | -0.94% | |
FIVN | F | -0.88% | |
AI | F | -0.87% |
IVES: Top Represented Industries & Keywords
FCLD: Top Represented Industries & Keywords