IVES vs. FITE ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to SPDR S&P Kensho Future Security ETF (FITE)
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
$49.21
Average Daily Volume
1,131
36
FITE
SPDR S&P Kensho Future Security ETF
FITE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by the index provider. The fund is non-diversified.Grade (RS Rating)
Last Trade
$65.07
Average Daily Volume
4,065
60
Performance
| Period | IVES | FITE |
|---|---|---|
| 30 Days | 7.17% | 2.03% |
| 60 Days | 5.41% | 7.62% |
| 90 Days | 7.27% | 7.60% |
| 12 Months | 43.26% | 31.54% |
IVES Overweight 33 Positions Relative to FITE
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | A | 3.08% | |
| CFLT | B | 2.89% | |
| MRVL | B | 2.71% | |
| GTLB | B | 2.56% | |
| NVDA | A | 2.55% | |
| APPN | C | 2.53% | |
| VRT | A | 2.52% | |
| DELL | B | 2.43% | |
| AMZN | B | 2.4% | |
| CDNS | B | 2.38% | |
| SNPS | C | 2.38% | |
| ORCL | A | 2.38% | |
| MDB | C | 2.36% | |
| SNOW | C | 2.35% | |
| GOOGL | B | 2.33% | |
| INTC | C | 2.29% | |
| CIEN | B | 2.28% | |
| HPE | B | 2.26% | |
| HPQ | B | 2.21% | |
| MSFT | D | 2.18% | |
| MU | D | 2.18% | |
| HCP | B | 2.15% | |
| ANET | C | 2.14% | |
| AAPL | C | 2.12% | |
| NTAP | C | 2.1% | |
| QCOM | F | 2.08% | |
| WDC | F | 2.07% | |
| IBM | C | 2.0% | |
| DOCN | D | 1.92% | |
| AMD | F | 1.8% | |
| BABA | D | 1.7% | |
| MPWR | F | 1.48% | |
| SMCI | F | 1.13% |
IVES Underweight 57 Positions Relative to FITE
| Symbol | Grade | Weight | |
|---|---|---|---|
| RKLB | B | -5.8% | |
| FTNT | B | -2.32% | |
| S | B | -2.19% | |
| FFIV | B | -2.1% | |
| PSN | C | -2.08% | |
| KTOS | C | -1.94% | |
| LDOS | C | -1.92% | |
| MOG.A | B | -1.88% | |
| CSCO | B | -1.86% | |
| PANW | B | -1.8% | |
| OII | B | -1.8% | |
| NET | B | -1.79% | |
| VRNS | D | -1.79% | |
| TDY | B | -1.76% | |
| NOC | D | -1.75% | |
| NTCT | C | -1.75% | |
| LMT | D | -1.74% | |
| HEI | A | -1.74% | |
| LHX | B | -1.71% | |
| ATEN | A | -1.68% | |
| RTX | D | -1.67% | |
| CYBR | A | -1.67% | |
| MIR | A | -1.66% | |
| COHR | B | -1.64% | |
| MRCY | C | -1.61% | |
| ZS | B | -1.6% | |
| CHKP | D | -1.6% | |
| OSPN | B | -1.58% | |
| OSIS | A | -1.57% | |
| RDWR | B | -1.56% | |
| RPD | C | -1.55% | |
| QLYS | C | -1.54% | |
| IRDM | F | -1.51% | |
| ERJ | A | -1.49% | |
| ZD | B | -1.49% | |
| AKAM | F | -1.44% | |
| AVAV | C | -1.44% | |
| TENB | D | -1.44% | |
| CACI | C | -1.43% | |
| HXL | F | -1.36% | |
| SANM | B | -1.31% | |
| CRWD | B | -1.28% | |
| OKTA | D | -1.26% | |
| DCO | B | -1.22% | |
| KBR | F | -1.22% | |
| BRKR | F | -1.21% | |
| GD | D | -1.2% | |
| APH | B | -1.18% | |
| TXT | D | -1.14% | |
| BA | D | -1.1% | |
| NABL | F | -1.09% | |
| VREX | C | -1.01% | |
| HII | F | -0.94% | |
| MVIS | F | -0.84% | |
| PL | A | -0.83% | |
| VSAT | F | -0.8% | |
| MASS | F | -0.12% |
IVES: Top Represented Industries & Keywords
FITE: Top Represented Industries & Keywords
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