IZRL vs. BERZ ETF Comparison
Comparison of ARK Israel Innovative Technology ETF (IZRL) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)
IZRL
ARK Israel Innovative Technology ETF
IZRL Description
The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.
Grade (RS Rating)
Last Trade
$19.23
Average Daily Volume
8,383
24
BERZ
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN
BERZ Description
BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.Grade (RS Rating)
Last Trade
$18.12
Average Daily Volume
123,197
15
Performance
| Period | IZRL | BERZ |
|---|---|---|
| 30 Days | -4.09% | -10.07% |
| 60 Days | -1.89% | -30.07% |
| 90 Days | -3.34% | 3.37% |
| 12 Months | 4.78% | -74.87% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IZRL | Weight in BERZ | Overlap |
|---|
IZRL Overweight 24 Positions Relative to BERZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| CLBT | C | 2.8% | |
| MNDY | C | 2.6% | |
| RDWR | B | 2.58% | |
| SMWB | C | 2.48% | |
| CHKP | C | 2.38% | |
| FVRR | D | 2.35% | |
| CYBR | C | 2.3% | |
| TEVA | D | 2.27% | |
| ITRN | D | 2.18% | |
| MGIC | B | 2.17% | |
| WIX | D | 2.13% | |
| WKME | A | 2.1% | |
| PLTK | C | 2.06% | |
| NICE | F | 2.0% | |
| SPNS | C | 1.96% | |
| INMD | F | 1.93% | |
| CGNT | F | 1.87% | |
| AUDC | F | 1.82% | |
| MDWD | D | 1.79% | |
| SSYS | D | 1.71% | |
| URGN | F | 1.64% | |
| RSKD | F | 1.61% | |
| FROG | F | 1.6% | |
| NNOX | F | 1.6% |
IZRL: Top Represented Industries & Keywords
BERZ: Top Represented Industries & Keywords
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