BOUT vs. KONG ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to Formidable Fortress ETF (KONG)
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
$34.66
Average Daily Volume
2,416
43
KONG
Formidable Fortress ETF
KONG Description
The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.Grade (RS Rating)
Last Trade
$26.96
Average Daily Volume
3,510
32
Performance
| Period | BOUT | KONG |
|---|---|---|
| 30 Days | -1.70% | 0.54% |
| 60 Days | 1.44% | 2.54% |
| 90 Days | -4.61% | -2.45% |
| 12 Months | 13.96% | 9.19% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BOUT | Weight in KONG | Overlap | |
|---|---|---|---|---|---|
| IBKR | B | 2.44% | 2.92% | 2.44% |
BOUT Overweight 42 Positions Relative to KONG
| Symbol | Grade | Weight | |
|---|---|---|---|
| LOAR | D | 4.48% | |
| VIK | D | 4.38% | |
| CTRI | D | 4.37% | |
| PACS | C | 4.36% | |
| ONON | C | 4.32% | |
| PAL | C | 4.29% | |
| MSDL | B | 4.28% | |
| AHR | B | 4.28% | |
| MPWR | B | 3.87% | |
| KLAC | B | 3.87% | |
| OLED | B | 3.83% | |
| ISRG | A | 3.76% | |
| QRVO | B | 3.75% | |
| SPB | C | 3.72% | |
| NXPI | B | 3.72% | |
| IDCC | B | 3.71% | |
| AMGN | B | 2.52% | |
| RSG | A | 2.5% | |
| RL | B | 2.49% | |
| PSTG | C | 2.48% | |
| GOOGL | A | 2.44% | |
| DDOG | C | 2.42% | |
| ERJ | C | 2.4% | |
| BKNG | A | 1.35% | |
| KSPI | A | 1.25% | |
| GMED | A | 1.25% | |
| AVAV | C | 1.25% | |
| ATGE | B | 1.25% | |
| NVO | A | 1.22% | |
| ANF | C | 1.22% | |
| AZN | A | 1.21% | |
| PLTR | B | 0.49% | |
| ARM | B | 0.49% | |
| FN | B | 0.48% | |
| NFLX | B | 0.47% | |
| UBS | B | 0.46% | |
| DECK | C | 0.46% | |
| PINS | A | 0.45% | |
| HALO | A | 0.45% | |
| CRWD | A | 0.44% | |
| PDD | C | 0.43% | |
| AMSC | C | 0.43% |
BOUT Underweight 31 Positions Relative to KONG
| Symbol | Grade | Weight | |
|---|---|---|---|
| TPL | B | -5.09% | |
| EME | B | -4.46% | |
| ADM | F | -3.83% | |
| UTHR | A | -3.36% | |
| NVDA | C | -3.24% | |
| PSA | B | -3.22% | |
| REGN | A | -3.11% | |
| FAST | D | -3.09% | |
| MSFT | A | -3.09% | |
| JKHY | C | -3.08% | |
| SPGI | B | -3.07% | |
| CSCO | C | -3.06% | |
| CTSH | C | -3.05% | |
| MKTX | F | -3.05% | |
| DOX | D | -3.05% | |
| GLPI | C | -3.03% | |
| SNA | D | -3.03% | |
| JNJ | F | -3.02% | |
| WST | F | -3.01% | |
| ERIE | C | -3.0% | |
| RS | D | -3.0% | |
| GNTX | D | -2.99% | |
| GOOG | A | -2.99% | |
| GGG | D | -2.99% | |
| ADP | B | -2.99% | |
| META | B | -2.97% | |
| CHE | D | -2.97% | |
| VRTX | B | -2.94% | |
| CTRA | C | -2.85% | |
| MNST | D | -2.85% | |
| ADBE | C | -1.7% |
BOUT: Top Represented Industries & Keywords
KONG: Top Represented Industries & Keywords
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