BNKU vs. BOUT ETF Comparison
Comparison of MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) to Innovator IBD Breakout Opportunities ETF (BOUT)
BNKU
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs
BNKU Description
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.
Grade (RS Rating)
Last Trade
$31.59
Average Daily Volume
318,074
10
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.Grade (RS Rating)
Last Trade
$35.26
Average Daily Volume
2,366
25
Performance
| Period | BNKU | BOUT |
|---|---|---|
| 30 Days | 3.88% | 5.55% |
| 60 Days | 10.73% | -2.09% |
| 90 Days | 32.68% | 1.25% |
| 12 Months | 122.62% | 21.96% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BNKU | Weight in BOUT | Overlap |
|---|
BNKU Underweight 25 Positions Relative to BOUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| NXPI | A | -7.48% | |
| MSDL | B | -7.09% | |
| HQY | D | -6.96% | |
| FTI | B | -6.82% | |
| NOG | C | -6.67% | |
| ALKT | B | -5.96% | |
| DVA | C | -4.64% | |
| CRS | B | -4.5% | |
| IRM | C | -4.37% | |
| XYL | A | -4.31% | |
| BCSF | A | -4.07% | |
| PANW | B | -4.03% | |
| IBKR | B | -4.01% | |
| HUBS | D | -3.88% | |
| GOOG | B | -3.84% | |
| LPLA | C | -2.05% | |
| AZN | A | -2.04% | |
| ERJ | C | -1.99% | |
| INTU | D | -1.97% | |
| GOOGL | B | -1.92% | |
| FWRG | D | -1.09% | |
| AVAV | A | -1.03% | |
| NVO | C | -1.02% | |
| HEI | A | -1.01% | |
| WAB | A | -0.99% |
BNKU: Top Represented Industries & Keywords
BOUT: Top Represented Industries & Keywords
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