KONG vs. BERZ ETF Comparison
Comparison of Formidable Fortress ETF (KONG) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)
KONG
Formidable Fortress ETF
KONG Description
The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.
Grade (RS Rating)
Last Trade
$27.11
Average Daily Volume
3,248
30
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
Performance
| Period | KONG | BERZ |
|---|---|---|
| 30 Days | -1.65% | 3.05% |
| 60 Days | -0.47% | -0.43% |
| 90 Days | 3.13% | -2.54% |
| 12 Months | 12.52% | -80.10% |
0 Overlapping Holdings
| Symbol | Grade | Weight in KONG | Weight in BERZ | Overlap |
|---|
KONG Overweight 30 Positions Relative to BERZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| EME | A | 4.31% | |
| ADM | C | 3.92% | |
| GNTX | D | 3.75% | |
| TPL | C | 3.74% | |
| CPT | B | 3.68% | |
| CHE | D | 3.59% | |
| NDSN | C | 3.5% | |
| UTHR | B | 3.46% | |
| GGG | D | 3.38% | |
| SPGI | C | 3.34% | |
| IBKR | B | 3.32% | |
| CTRA | B | 3.25% | |
| JKHY | D | 3.22% | |
| CSCO | D | 3.2% | |
| JNJ | F | 3.18% | |
| ADP | D | 3.13% | |
| RS | D | 3.1% | |
| PSA | D | 3.05% | |
| WST | D | 2.99% | |
| DOX | D | 2.97% | |
| MNST | D | 2.97% | |
| RHI | D | 2.89% | |
| GLPI | D | 2.88% | |
| CTSH | D | 2.84% | |
| REGN | C | 2.82% | |
| VRTX | C | 2.68% | |
| MKTX | F | 2.59% | |
| FAST | D | 2.3% | |
| SNA | D | 2.3% | |
| ERIE | C | 2.11% |
KONG: Top Represented Industries & Keywords
BERZ: Top Represented Industries & Keywords
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