BERZ vs. EVAV ETF Comparison
Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV)
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
$16.53
Average Daily Volume
110,246
15
EVAV
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
EVAV Description
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as swaps and futures to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track twice the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is domiciled in the United States.Grade (RS Rating)
Last Trade
$18.93
Average Daily Volume
22,015
15
Performance
| Period | BERZ | EVAV |
|---|---|---|
| 30 Days | -2.88% | -16.72% |
| 60 Days | -32.75% | 25.43% |
| 90 Days | -42.68% | 43.38% |
| 12 Months | -72.90% | -52.38% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BERZ | Weight in EVAV | Overlap | |
|---|---|---|---|---|---|
| TSLA | B | 6.67% | 7.48% | 6.67% |
BERZ: Top Represented Industries & Keywords
EVAV: Top Represented Industries & Keywords
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