BITQ vs. SDP ETF Comparison
Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to ProShares UltraShort Utilities (SDP)
BITQ
Bitwise Crypto Industry Innovators ETF
BITQ Description
The Bitwise Crypto Industry Innovators ETF (the Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. The Index was designed to measure the performance of companies leading the rapidly emerging crypto economy. At least 85% of the index is focused on pure-play crypto companies, including bitcoin and crypto trading venues, crypto mining and mining equipment firms, and service providers. Examples include Coinbase (COIN), Silvergate Capital (SI), and MicroStrategy (MSTR). Up to 15% of the index is focused on supporting companies: Innovative large cap firms with diversified business interests that include at least one significant business line focused on the crypto economy. Examples include PayPal (PYPL), Nvidia (NVDA), and Square (SQ). The fund offers investors a picks and shovels approach to investing in the crypto economy
Grade (RS Rating)
Last Trade
$19.70
Average Daily Volume
137,443
19
SDP
ProShares UltraShort Utilities
SDP 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. UtilitiesSM 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 utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.Grade (RS Rating)
Last Trade
$14.74
Average Daily Volume
35,506
46
Performance
| Period | BITQ | SDP |
|---|---|---|
| 30 Days | 24.68% | -0.94% |
| 60 Days | 59.64% | -4.63% |
| 90 Days | 46.91% | -15.23% |
| 12 Months | 160.22% | -41.97% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BITQ | Weight in SDP | Overlap |
|---|
BITQ Overweight 19 Positions Relative to SDP
BITQ Underweight 46 Positions Relative to SDP
| Symbol | Grade | Weight | |
|---|---|---|---|
| NEE | C | -12.13% | |
| SO | C | -6.91% | |
| D | C | -6.77% | |
| DUK | C | -6.69% | |
| AEP | C | -4.77% | |
| EXC | C | -4.51% | |
| SRE | A | -4.34% | |
| XEL | A | -3.36% | |
| WEC | A | -2.98% | |
| ED | C | -2.94% | |
| PEG | A | -2.93% | |
| ES | C | -2.81% | |
| EIX | B | -2.7% | |
| FE | C | -2.6% | |
| PPL | A | -2.56% | |
| DTE | C | -2.52% | |
| ETR | B | -2.46% | |
| AWK | C | -2.31% | |
| AEE | A | -1.92% | |
| CMS | C | -1.82% | |
| EVRG | A | -1.5% | |
| LNT | A | -1.35% | |
| ATO | A | -1.34% | |
| AES | F | -1.33% | |
| CNP | A | -1.33% | |
| WTRG | B | -1.07% | |
| NI | A | -1.06% | |
| PNW | A | -1.03% | |
| VST | A | -1.01% | |
| NRG | B | -0.95% | |
| UGI | C | -0.91% | |
| MDU | D | -0.58% | |
| IDA | A | -0.54% | |
| HE | C | -0.51% | |
| POR | C | -0.51% | |
| OGS | A | -0.49% | |
| BKH | A | -0.49% | |
| SR | A | -0.42% | |
| ALE | A | -0.42% | |
| SWX | B | -0.41% | |
| NJR | A | -0.41% | |
| PNM | B | -0.4% | |
| NFG | A | -0.38% | |
| NWE | B | -0.37% | |
| AVA | A | -0.32% | |
| AGR | A | -0.28% |
BITQ: Top Represented Industries & Keywords
SDP: Top Represented Industries & Keywords
Compare ETFs
