IVES vs. SDP ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to ProShares UltraShort Utilities (SDP)
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
SDP
ProShares UltraShort Utilities
SDP Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.Grade (RS Rating)
Last Trade
$15.26
Average Daily Volume
35,924
46
Performance
| Period | IVES | SDP |
|---|---|---|
| 30 Days | 7.17% | 3.53% |
| 60 Days | 5.41% | -1.26% |
| 90 Days | 7.27% | -12.30% |
| 12 Months | 43.26% | -40.79% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in SDP | Overlap |
|---|
IVES Overweight 36 Positions Relative to SDP
| 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% | |
| DDOG | A | 2.16% | |
| HCP | B | 2.15% | |
| AVGO | C | 2.14% | |
| ANET | C | 2.14% | |
| JNPR | D | 2.13% | |
| 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 46 Positions Relative to SDP
| Symbol | Grade | Weight | |
|---|---|---|---|
| NEE | C | -12.13% | |
| SO | C | -6.91% | |
| D | C | -6.77% | |
| DUK | C | -6.69% | |
| AEP | C | -4.77% | |
| EXC | C | -4.51% | |
| SRE | A | -4.34% | |
| XEL | A | -3.36% | |
| WEC | A | -2.98% | |
| ED | C | -2.94% | |
| PEG | C | -2.93% | |
| ES | C | -2.81% | |
| EIX | C | -2.7% | |
| FE | C | -2.6% | |
| PPL | A | -2.56% | |
| DTE | C | -2.52% | |
| ETR | A | -2.46% | |
| AWK | C | -2.31% | |
| AEE | A | -1.92% | |
| CMS | C | -1.82% | |
| EVRG | A | -1.5% | |
| LNT | A | -1.35% | |
| ATO | A | -1.34% | |
| AES | F | -1.33% | |
| CNP | A | -1.33% | |
| WTRG | B | -1.07% | |
| NI | A | -1.06% | |
| PNW | B | -1.03% | |
| VST | A | -1.01% | |
| NRG | B | -0.95% | |
| UGI | C | -0.91% | |
| MDU | D | -0.58% | |
| IDA | A | -0.54% | |
| HE | C | -0.51% | |
| POR | C | -0.51% | |
| OGS | A | -0.49% | |
| BKH | A | -0.49% | |
| SR | A | -0.42% | |
| ALE | A | -0.42% | |
| SWX | A | -0.41% | |
| NJR | A | -0.41% | |
| PNM | B | -0.4% | |
| NFG | A | -0.38% | |
| NWE | C | -0.37% | |
| AVA | C | -0.32% | |
| AGR | A | -0.28% |
IVES: Top Represented Industries & Keywords
SDP: Top Represented Industries & Keywords
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