QQQA vs. BERZ ETF Comparison

Comparison of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

QQQA Description

ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the non-financial companies. The fund invests in momentum stocks of large cap companies. It replicates the performance of Nasdaq-100 Dorsey Wright Select Index. ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF was formed on May 18, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$46.70

Average Daily Volume

2,782

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$14.16

Average Daily Volume

104,363

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQA	BERZ
30 Days	6.99%	-19.93%
60 Days	7.75%	-22.76%
90 Days	9.68%	-27.71%
12 Months	27.57%	-70.44%

7 Overlapping Holdings

Symbol	Grade	Weight in QQQA	Weight in BERZ	Overlap
AMD	F	3.76%	6.67%	3.76%
AMZN	C	5.1%	6.67%	5.1%
AVGO	D	4.27%	6.67%	4.27%
META	D	4.45%	6.67%	4.45%
NFLX	A	5.28%	6.67%	5.28%
NVDA	C	4.96%	6.67%	4.96%
TSLA	B	6.5%	6.67%	6.5%

QQQA Overweight 14 Positions Relative to BERZ

Symbol	Grade	Weight
BKNG	A	5.31%
DASH	A	5.3%
TMUS	B	5.08%
ISRG	A	5.05%
TTD	B	4.86%
PYPL	B	4.85%
CTAS	B	4.75%
SBUX	A	4.73%
COST	B	4.73%
ILMN	D	4.45%
QCOM	F	4.39%
ARM	D	4.1%
MELI	D	4.09%
CEG	D	3.85%

QQQA Underweight 8 Positions Relative to BERZ

Symbol	Grade	Weight
CRM	B	-6.67%
PANW	C	-6.67%
MU	D	-6.67%
INTC	D	-6.67%
GOOGL	C	-6.67%
ADBE	C	-6.67%
AAPL	C	-6.67%
MSFT	F	-6.67%