BOUT vs. PXJ ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to PowerShares Dynamic Oil Services (PXJ)
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
$34.33
Average Daily Volume
2,129
59
PXJ
PowerShares Dynamic Oil Services
PXJ Description
The PowerShares Dynamic Oil & Gas Services Portfolio (Fund) is based on the Dynamic Oil & Gas Services IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$31.78
Average Daily Volume
18,607
29
Performance
| Period | BOUT | PXJ |
|---|---|---|
| 30 Days | -7.11% | 1.57% |
| 60 Days | -3.52% | 9.43% |
| 90 Days | 1.80% | 7.69% |
| 12 Months | 12.27% | 35.46% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BOUT | Weight in PXJ | Overlap | |
|---|---|---|---|---|---|
| FTI | A | 3.47% | 5.82% | 3.47% |
BOUT Overweight 58 Positions Relative to PXJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| KSPI | A | 3.34% | |
| AZEK | D | 3.2% | |
| MSDL | A | 3.17% | |
| TBBB | D | 3.16% | |
| BLDR | C | 3.16% | |
| HEAR | B | 3.15% | |
| TXRH | A | 3.14% | |
| LEN | D | 3.13% | |
| WING | A | 3.09% | |
| HUBS | B | 2.97% | |
| GPS | D | 2.84% | |
| IBKR | A | 2.8% | |
| CELH | D | 2.8% | |
| XYL | A | 2.75% | |
| JPM | B | 2.73% | |
| SAP | C | 2.72% | |
| FROG | C | 2.7% | |
| DUOL | B | 2.7% | |
| PCOR | D | 2.63% | |
| APPF | C | 2.61% | |
| IOT | C | 2.48% | |
| GOOGL | A | 1.87% | |
| GOOG | A | 1.87% | |
| CRM | D | 1.85% | |
| PCAR | D | 1.82% | |
| RCL | A | 1.81% | |
| IRM | B | 1.81% | |
| SHAK | B | 1.8% | |
| FOR | D | 1.8% | |
| AXP | A | 1.8% | |
| ERJ | A | 1.77% | |
| CROX | C | 1.72% | |
| SEMR | D | 0.93% | |
| PWR | A | 0.93% | |
| NTAP | A | 0.93% | |
| GVA | A | 0.92% | |
| ERIE | D | 0.92% | |
| URI | B | 0.91% | |
| TOL | C | 0.89% | |
| ISRG | C | 0.89% | |
| RL | C | 0.85% | |
| KNSL | D | 0.78% | |
| ELF | C | 0.76% | |
| WAB | A | 0.35% | |
| SKWD | C | 0.35% | |
| PSTG | A | 0.35% | |
| NVDA | D | 0.35% | |
| ANET | C | 0.35% | |
| WMS | C | 0.34% | |
| PLTR | C | 0.34% | |
| KKR | C | 0.34% | |
| OKTA | D | 0.33% | |
| LRN | B | 0.33% | |
| FIHL | A | 0.33% | |
| DFH | D | 0.33% | |
| ASML | D | 0.33% | |
| TREX | C | 0.32% | |
| RYAN | D | 0.32% |
BOUT Underweight 28 Positions Relative to PXJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| CHX | B | -5.63% | |
| WFRD | A | -5.24% | |
| BKR | A | -5.09% | |
| HAL | B | -5.07% | |
| VAL | D | -5.05% | |
| SLB | D | -4.85% | |
| RIG | B | -3.22% | |
| GLNG | A | -2.91% | |
| LPG | A | -2.87% | |
| HLX | A | -2.83% | |
| AROC | A | -2.8% | |
| ACDC | B | -2.79% | |
| WHD | A | -2.75% | |
| OII | A | -2.69% | |
| RES | D | -2.67% | |
| HP | B | -2.66% | |
| STNG | A | -2.65% | |
| LBRT | A | -2.62% | |
| INSW | A | -2.61% | |
| ECO | A | -2.57% | |
| DHT | A | -2.54% | |
| USAC | C | -2.54% | |
| PUMP | B | -2.52% | |
| TNK | A | -2.5% | |
| XPRO | A | -2.47% | |
| NVGS | B | -2.47% | |
| PTEN | F | -2.45% | |
| NAT | D | -2.27% |
BOUT: Top Represented Industries & Keywords
PXJ: Top Represented Industries & Keywords
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