CLIX vs. BERZ ETF Comparison

Comparison of ProShares Long Online/Short Stores ETF (CLIX) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

CLIX

ProShares Long Online/Short Stores ETF

CLIX Description

The investment seeks investment results, before fees and expenses, that track the performance of the ProShares Long Online/Short Stores Index (the index). The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index consists of long positions in the online retailers included in the ProShares Online Retail Index and short positions in the bricks and mortar retailers included in the Solactive-ProShares Bricks and Mortar Retail Store Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.86

Average Daily Volume

2,130

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse 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 inverse product with -3x factor that resets daily, BERZ 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

$24.95

Average Daily Volume

88,594

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLIX	BERZ
30 Days	7.58%	-16.33%
60 Days	9.59%	-10.25%
90 Days	17.27%	-17.66%
12 Months	35.88%	-78.84%

1 Overlapping Holdings

	Symbol	Grade	Weight in CLIX	Weight in BERZ	Overlap
	AMZN	C	21.18%	6.67%	6.67%

CLIX Overweight 16 Positions Relative to BERZ

Symbol	Grade	Weight
PDD	C	9.44%
EBAY	B	8.5%
CVNA	C	5.31%
W	C	4.61%
FIGS	D	4.04%
BABA	C	3.96%
WSM	B	3.86%
RVLV	B	3.8%
CHWY	F	3.62%
CPNG	C	3.56%
BKE	D	3.47%
ETSY	F	3.14%
MELI	C	2.96%
JD	C	2.45%
SE	C	2.12%
GLBE	F	1.53%

CLIX Underweight 14 Positions Relative to BERZ

Symbol	Grade	Weight
ADBE	F	-6.67%
TSLA	D	-6.67%
QCOM	B	-6.67%
MU	B	-6.67%
META	D	-6.67%
INTC	F	-6.67%
GOOGL	B	-6.67%
CRM	D	-6.67%
AMD	D	-6.67%
AAPL	B	-6.67%
NVDA	B	-6.67%
NFLX	C	-6.67%
MSFT	B	-6.67%
AVGO	A	-6.67%

CLIX: Top Represented Industries & Keywords

Industries: Specialty Retail Internet Retail Apparel Manufacturing Apparel Stores Electronic Gaming & Multimedia