BOUT vs. KBWB ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to PowerShares KBW Bank Portfolio ETF (KBWB)
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.
Grade (RS Rating)
Last Trade
$32.96
Average Daily Volume
2,631
59
KBWB
PowerShares KBW Bank Portfolio ETF
KBWB Description
The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$50.30
Average Daily Volume
767,043
24
Performance
| Period | BOUT | KBWB |
|---|---|---|
| 30 Days | -6.82% | -0.40% |
| 60 Days | -4.66% | 3.38% |
| 90 Days | 0.54% | 5.13% |
| 12 Months | 8.67% | 18.74% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BOUT | Weight in KBWB | Overlap | |
|---|---|---|---|---|---|
| JPM | B | 2.73% | 7.77% | 2.73% |
BOUT Overweight 58 Positions Relative to KBWB
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTI | A | 3.47% | |
| KSPI | A | 3.34% | |
| AZEK | C | 3.2% | |
| MSDL | A | 3.17% | |
| TBBB | D | 3.16% | |
| BLDR | C | 3.16% | |
| HEAR | A | 3.15% | |
| TXRH | A | 3.14% | |
| LEN | C | 3.13% | |
| WING | A | 3.09% | |
| HUBS | A | 2.97% | |
| GPS | B | 2.84% | |
| IBKR | A | 2.8% | |
| CELH | B | 2.8% | |
| XYL | A | 2.75% | |
| SAP | C | 2.72% | |
| FROG | D | 2.7% | |
| DUOL | B | 2.7% | |
| PCOR | C | 2.63% | |
| APPF | C | 2.61% | |
| IOT | D | 2.48% | |
| GOOGL | A | 1.87% | |
| GOOG | A | 1.87% | |
| CRM | C | 1.85% | |
| PCAR | B | 1.82% | |
| RCL | B | 1.81% | |
| IRM | B | 1.81% | |
| SHAK | C | 1.8% | |
| FOR | B | 1.8% | |
| AXP | B | 1.8% | |
| ERJ | A | 1.77% | |
| CROX | B | 1.72% | |
| SEMR | B | 0.93% | |
| PWR | A | 0.93% | |
| NTAP | A | 0.93% | |
| GVA | A | 0.92% | |
| ERIE | C | 0.92% | |
| URI | C | 0.91% | |
| TOL | B | 0.89% | |
| ISRG | C | 0.89% | |
| RL | D | 0.85% | |
| KNSL | C | 0.78% | |
| ELF | C | 0.76% | |
| WAB | A | 0.35% | |
| SKWD | B | 0.35% | |
| PSTG | A | 0.35% | |
| NVDA | A | 0.35% | |
| ANET | C | 0.35% | |
| WMS | B | 0.34% | |
| PLTR | D | 0.34% | |
| KKR | B | 0.34% | |
| OKTA | D | 0.33% | |
| LRN | D | 0.33% | |
| FIHL | A | 0.33% | |
| DFH | B | 0.33% | |
| ASML | B | 0.33% | |
| TREX | C | 0.32% | |
| RYAN | C | 0.32% |
BOUT Underweight 23 Positions Relative to KBWB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MS | A | -8.29% | |
| GS | A | -8.16% | |
| WFC | A | -8.11% | |
| BAC | A | -8.03% | |
| C | A | -4.11% | |
| TFC | B | -4.07% | |
| PNC | B | -3.98% | |
| FITB | B | -3.97% | |
| STT | B | -3.96% | |
| COF | A | -3.96% | |
| MTB | B | -3.93% | |
| USB | C | -3.9% | |
| HBAN | A | -3.86% | |
| BK | C | -3.85% | |
| RF | B | -3.53% | |
| NTRS | B | -3.33% | |
| CFG | B | -3.04% | |
| KEY | B | -2.71% | |
| EWBC | C | -2.04% | |
| FHN | B | -1.59% | |
| CMA | B | -1.35% | |
| WAL | D | -1.24% | |
| ZION | B | -1.2% |
BOUT: Top Represented Industries & Keywords
KBWB: Top Represented Industries & Keywords
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