BULZ vs. ISPY ETF Comparison

Comparison of MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) to ProShares S&P 500 High Income ETF (ISPY)

BULZ

MicroSectors FANG & Innovation 3x Leveraged ETN

BULZ Description

BULZ provides daily 3x exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged product with 3x factor that resets daily, BULZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$147.64

Average Daily Volume

133,151

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ISPY

ProShares S&P 500 High Income ETF

ISPY Description

The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics.

Grade (RS Rating)

Last Trade

$44.59

Average Daily Volume

69,385

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BULZ	ISPY
30 Days	17.62%	3.39%
60 Days	8.24%	4.73%
90 Days	-8.58%	5.00%
12 Months	139.91%

7 Overlapping Holdings

Symbol	Grade	Weight in BULZ	Weight in ISPY	Overlap
AAPL	C	6.67%	6.63%	6.63%
AMZN	C	6.67%	3.16%	3.16%
AVGO	C	6.67%	1.37%	1.37%
GOOGL	D	6.67%	1.9%	1.9%
META	B	6.67%	2.27%	2.27%
MSFT	C	6.67%	6.15%	6.15%
NVDA	C	6.67%	5.79%	5.79%

BULZ Overweight 8 Positions Relative to ISPY

Symbol	Grade	Weight
ADBE	F	6.67%
TSLA	C	6.67%
CRM	C	6.67%
QCOM	D	6.67%
MU	D	6.67%
AMD	C	6.67%
INTC	D	6.67%
NFLX	B	6.67%

BULZ Underweight 3 Positions Relative to ISPY

Symbol	Grade	Weight
BRK.A	C	-1.7%
GOOG	D	-1.6%
LLY	D	-1.51%