ARKX vs. IVES ETF Comparison
Comparison of ARK Space Exploration & Innovation ETF (ARKX) to Wedbush ETFMG Global Cloud Technology ETF (IVES)
ARKX
ARK Space Exploration & Innovation ETF
ARKX Description
The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.
Grade (RS Rating)
Last Trade
$18.51
Average Daily Volume
64,569
25
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”Grade (RS Rating)
Last Trade
$49.21
Average Daily Volume
1,131
36
Performance
| Period | ARKX | IVES |
|---|---|---|
| 30 Days | 7.82% | 7.17% |
| 60 Days | 15.77% | 5.41% |
| 90 Days | 19.22% | 7.27% |
| 12 Months | 28.68% | 43.26% |
ARKX Overweight 22 Positions Relative to IVES
ARKX Underweight 33 Positions Relative to IVES
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | B | -3.08% | |
| CFLT | B | -2.89% | |
| MRVL | B | -2.71% | |
| GTLB | B | -2.56% | |
| NVDA | A | -2.55% | |
| APPN | C | -2.53% | |
| VRT | A | -2.52% | |
| DELL | C | -2.43% | |
| CDNS | B | -2.38% | |
| ORCL | A | -2.38% | |
| MDB | C | -2.36% | |
| SNOW | C | -2.35% | |
| GOOGL | B | -2.33% | |
| INTC | C | -2.29% | |
| CIEN | B | -2.28% | |
| HPE | B | -2.26% | |
| HPQ | B | -2.21% | |
| MSFT | D | -2.18% | |
| MU | D | -2.18% | |
| DDOG | A | -2.16% | |
| HCP | B | -2.15% | |
| AVGO | D | -2.14% | |
| ANET | D | -2.14% | |
| JNPR | D | -2.13% | |
| AAPL | C | -2.12% | |
| NTAP | C | -2.1% | |
| QCOM | F | -2.08% | |
| WDC | F | -2.07% | |
| IBM | C | -2.0% | |
| DOCN | D | -1.92% | |
| BABA | D | -1.7% | |
| MPWR | F | -1.48% | |
| SMCI | F | -1.13% |
ARKX: Top Represented Industries & Keywords
IVES: Top Represented Industries & Keywords
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