BOUT vs. OND ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to ProShares On-Demand ETF (OND)
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
OND
ProShares On-Demand ETF
OND Description
ProShares On-Demand ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies that provide on-demand platforms and services to consumers such as console games software, fitness and exercise equipment, food delivery services, general entertainment content providers and sites, handheld and smart phone games software, home and office virtual reality software, media download and streaming digital content sites, mobile platform applications software, multi-type passenger transportation, online game websites and software, other games software, other media equipment manufacturing, video multimedia semiconductors, virtual reality design and engineering software and virtual reality equipment sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. It seeks to track the performance of the FactSet On-Demand Index, by using full replication technique. ProShares On-Demand ETF was formed on October 26, 2021 and is domiciled in the United States.Grade (RS Rating)
Last Trade
$29.03
Average Daily Volume
202
13
Performance
| Period | BOUT | OND |
|---|---|---|
| 30 Days | -1.70% | 3.30% |
| 60 Days | 1.44% | 7.84% |
| 90 Days | -4.61% | 4.01% |
| 12 Months | 13.96% | 28.74% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BOUT | Weight in OND | Overlap | |
|---|---|---|---|---|---|
| NFLX | B | 0.47% | 5.44% | 0.47% |
BOUT Overweight 42 Positions Relative to OND
| 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% | |
| IBKR | B | 2.44% | |
| 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% | |
| 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: Top Represented Industries & Keywords
OND: Top Represented Industries & Keywords
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