BERZ vs. SSG ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to ProShares UltraShort Semiconductors (SSG)

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

$29.55

Average Daily Volume

81,436

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SSG

ProShares UltraShort Semiconductors

SSG Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. SemiconductorsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$12.67

Average Daily Volume

70,341

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	SSG
30 Days	14.36%	4.71%
60 Days	2.60%	-13.92%
90 Days	-9.63%	-37.34%
12 Months	-79.79%	-81.61%

6 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in SSG	Overlap
AMD	C	6.67%	4.48%	4.48%
AVGO	B	6.67%	9.66%	6.67%
INTC	F	6.67%	20.47%	6.67%
MU	A	6.67%	5.04%	5.04%
NVDA	B	6.67%	12.05%	6.67%
QCOM	B	6.67%	8.64%	6.67%

BERZ Overweight 9 Positions Relative to SSG

Symbol	Grade	Weight
ADBE	D	6.67%
TSLA	D	6.67%
META	D	6.67%
GOOGL	A	6.67%
CRM	D	6.67%
AMZN	A	6.67%
AAPL	F	6.67%
NFLX	D	6.67%
MSFT	D	6.67%

BERZ Underweight 19 Positions Relative to SSG

Symbol	Grade	Weight
TXN	B	-9.72%
AMAT	B	-4.58%
LRCX	C	-3.53%
ADI	A	-3.48%
KLAC	B	-2.23%
MCHP	A	-2.06%
SWKS	B	-1.67%
MRVL	C	-1.5%
QRVO	B	-1.06%
TER	B	-0.93%
ON	D	-0.81%
OLED	D	-0.71%
ENTG	C	-0.6%
MPWR	C	-0.58%
MKSI	C	-0.5%
SLAB	D	-0.41%
CRUS	C	-0.38%
SMTC	A	-0.29%
IDCC	C	-0.15%