BERZ vs. FTXL ETF Comparison
Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to First Trust Nasdaq Semiconductor ETF (FTXL)
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
$27.68
Average Daily Volume
87,536
15
FTXL
First Trust Nasdaq Semiconductor ETF
FTXL Description
The First Trust Nasdaq Semiconductor ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called the Nasdaq US Smart Semiconductor Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Semiconductor Index so as to generate performance results 95% correlated to that of the Nasdaq US Smart Semiconductor Index.Grade (RS Rating)
Last Trade
$88.42
Average Daily Volume
126,743
31
Performance
| Period | BERZ | FTXL |
|---|---|---|
| 30 Days | 3.05% | 0.57% |
| 60 Days | -0.43% | -2.44% |
| 90 Days | -2.54% | 4.29% |
| 12 Months | -80.10% | 50.65% |
BERZ Underweight 26 Positions Relative to FTXL
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMAT | C | -8.05% | |
| MCHP | B | -4.42% | |
| TXN | A | -4.38% | |
| ADI | A | -4.23% | |
| NXPI | A | -4.18% | |
| AMKR | C | -4.09% | |
| KLAC | A | -4.08% | |
| LRCX | D | -3.87% | |
| ON | F | -3.66% | |
| SWKS | F | -3.6% | |
| MRVL | D | -2.72% | |
| TER | B | -2.52% | |
| QRVO | F | -2.5% | |
| ENTG | D | -2.27% | |
| MPWR | B | -1.93% | |
| COHR | D | -1.93% | |
| VSH | C | -1.54% | |
| DIOD | B | -1.14% | |
| CRUS | A | -0.9% | |
| LSCC | F | -0.8% | |
| AVT | A | -0.74% | |
| ALGM | D | -0.7% | |
| ONTO | B | -0.65% | |
| RMBS | F | -0.6% | |
| FORM | A | -0.54% | |
| ACLS | D | -0.53% |
BERZ: Top Represented Industries & Keywords
FTXL: Top Represented Industries & Keywords
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