BOUT vs. SEMI ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to Columbia Seligman Semiconductor and Technology ETF (SEMI)
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
$35.77
Average Daily Volume
2,404
25
SEMI
Columbia Seligman Semiconductor and Technology ETF
SEMI Description
SEMI is designed to provide exposure to the broad information technology sector by focusing on pure-play companies related to the semiconductor industry. The fund actively and generally invests in 30-50 high-conviction semiconductor or semiconductor-related firms, as defined by GICS, including those under communication equipment, electronic equipment, technology hardware, storage and peripherals, and software. Additionally, the fund requires at least 25% of its assets be invested in companies in the semiconductor and semiconductor equipment industry. Security selection is done through extensive in-depth research. SEMI is a non-transparent ETF and does not provide daily disclosure of its portfolio holdings unlike other ETFs. As such, there is a risk that shares of the fund may trade at wider spreads, especially during periods of volatility. The fund instead publishes a trading basket daily, which provides a preview of selected holdings without disclosing the actual portfolio.Grade (RS Rating)
Last Trade
$26.52
Average Daily Volume
3,864
33
Performance
| Period | BOUT | SEMI |
|---|---|---|
| 30 Days | 9.48% | 17.51% |
| 60 Days | -1.39% | 7.92% |
| 90 Days | 5.16% | 16.21% |
| 12 Months | 21.36% | 43.56% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BOUT | Weight in SEMI | Overlap | |
|---|---|---|---|---|---|
| NXPI | A | 7.48% | 4.37% | 4.37% |
BOUT Overweight 24 Positions Relative to SEMI
| Symbol | Grade | Weight | |
|---|---|---|---|
| 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% |
BOUT Underweight 32 Positions Relative to SEMI
| Symbol | Grade | Weight | |
|---|---|---|---|
| LRCX | D | -7.58% | |
| SMTC | B | -6.94% | |
| AVGO | C | -6.77% | |
| NVDA | B | -4.82% | |
| AMAT | C | -4.63% | |
| ADI | A | -4.61% | |
| MRVL | D | -4.24% | |
| KLAC | A | -4.16% | |
| ON | F | -3.84% | |
| MCHP | C | -3.43% | |
| TSM | B | -3.3% | |
| TER | A | -3.27% | |
| WDC | B | -3.18% | |
| QCOM | A | -3.16% | |
| QRVO | F | -2.73% | |
| INDI | F | -2.36% | |
| SYNA | F | -2.05% | |
| MU | B | -1.92% | |
| BE | D | -1.88% | |
| STM | D | -1.87% | |
| SNPS | D | -1.85% | |
| AEIS | B | -1.82% | |
| CDNS | D | -1.77% | |
| INTC | F | -1.39% | |
| SWKS | F | -1.26% | |
| SGH | F | -0.7% | |
| ICHR | D | -0.66% | |
| AMD | D | -0.65% | |
| KLIC | D | -0.6% | |
| DIOD | D | -0.5% | |
| MKSI | C | -0.49% | |
| ENTG | D | -0.42% |
BOUT: Top Represented Industries & Keywords
SEMI: Top Represented Industries & Keywords
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