IVES vs. SMCX ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Defiance Daily Target 2X Long SMCI ETF (SMCX)
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
SMCX
Defiance Daily Target 2X Long SMCI ETF
SMCX Description
The fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by entering into swap agreements on the underlying security. The fund is non-diversified.Grade (RS Rating)
Last Trade
$41.40
Average Daily Volume
421,032
1
Performance
| Period | IVES | SMCX |
|---|---|---|
| 30 Days | 7.17% | -78.46% |
| 60 Days | 5.41% | -78.46% |
| 90 Days | 7.27% | |
| 12 Months | 43.26% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in SMCX | Overlap | |
|---|---|---|---|---|---|
| SMCI | F | 1.13% | 5.05% | 1.13% |
IVES Overweight 35 Positions Relative to SMCX
| 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% |
IVES Underweight 0 Positions Relative to SMCX
| Symbol | Grade | Weight |
|---|
IVES: Top Represented Industries & Keywords
SMCX: Top Represented Industries & Keywords
Compare ETFs
