BOUT vs. WFH ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to Direxion Work From Home ETF (WFH)
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
$39.89
Average Daily Volume
2,896
44
WFH
Direxion Work From Home ETF
WFH Description
The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.Grade (RS Rating)
Last Trade
$63.46
Average Daily Volume
983
40
Performance
| Period | BOUT | WFH |
|---|---|---|
| 30 Days | 5.31% | 4.36% |
| 60 Days | 7.27% | 8.95% |
| 90 Days | 8.87% | 12.71% |
| 12 Months | 29.78% | 27.66% |
BOUT Overweight 40 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| PACS | F | 4.48% | |
| MS | B | 4.47% | |
| LBRDK | C | 4.44% | |
| NEM | D | 4.42% | |
| VIK | B | 4.39% | |
| EXPE | B | 4.28% | |
| EQIX | A | 4.25% | |
| AHR | A | 4.24% | |
| IDCC | B | 4.01% | |
| ETN | B | 3.82% | |
| SPGI | D | 3.81% | |
| EQH | B | 3.78% | |
| BAH | F | 3.73% | |
| DVA | C | 3.71% | |
| PGR | B | 3.63% | |
| CRDO | C | 2.87% | |
| ULS | C | 2.59% | |
| IR | B | 2.49% | |
| DT | D | 2.49% | |
| NMIH | C | 2.44% | |
| ONON | B | 2.35% | |
| COLL | F | 2.23% | |
| TSM | C | 1.31% | |
| TBBK | B | 1.28% | |
| CDNA | D | 1.24% | |
| SCCO | F | 1.22% | |
| SN | D | 1.2% | |
| TCOM | B | 1.14% | |
| BEKE | C | 1.06% | |
| ROAD | B | 0.45% | |
| AXON | A | 0.43% | |
| TPH | D | 0.42% | |
| IBKR | A | 0.42% | |
| CWAN | B | 0.42% | |
| ALKT | B | 0.42% | |
| GMED | A | 0.41% | |
| CORT | B | 0.41% | |
| ACGL | D | 0.4% | |
| PLMR | A | 0.39% | |
| JD | D | 0.38% |
BOUT Underweight 36 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | B | -3.32% | |
| HUBS | A | -3.04% | |
| DOCU | B | -3.02% | |
| ZS | C | -2.86% | |
| CRWD | B | -2.86% | |
| ORCL | A | -2.86% | |
| PEGA | B | -2.81% | |
| ATUS | C | -2.76% | |
| MRVL | B | -2.76% | |
| RNG | C | -2.72% | |
| FTNT | B | -2.65% | |
| AMZN | B | -2.63% | |
| DDOG | A | -2.61% | |
| ZM | B | -2.61% | |
| S | C | -2.55% | |
| NET | B | -2.54% | |
| SMAR | A | -2.54% | |
| CSCO | B | -2.51% | |
| PANW | A | -2.46% | |
| META | C | -2.43% | |
| GOOGL | B | -2.42% | |
| MOMO | D | -2.34% | |
| CYBR | A | -2.34% | |
| NTCT | C | -2.32% | |
| DOCN | D | -2.3% | |
| YY | B | -2.29% | |
| WDAY | C | -2.26% | |
| BOX | B | -2.25% | |
| MSFT | D | -2.25% | |
| IBM | C | -2.21% | |
| OKTA | D | -2.2% | |
| SNX | C | -2.16% | |
| NTAP | C | -2.14% | |
| VZ | C | -2.12% | |
| ADBE | D | -1.98% | |
| XRX | F | -1.66% |
BOUT: Top Represented Industries & Keywords
WFH: Top Represented Industries & Keywords
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