CVLC vs. BERZ ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

CVLC

Calvert US Large-Cap Core Responsible Index ETF

CVLC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$72.01

Average Daily Volume

11,908

Number of Holdings ^*

769

* 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

$16.53

Average Daily Volume

110,246

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	BERZ
30 Days	1.06%	-2.88%
60 Days	7.44%	-32.75%
90 Days	12.15%	-42.68%
12 Months	34.81%	-72.90%

14 Overlapping Holdings

Symbol	Grade	Weight in CVLC	Weight in BERZ	Overlap
AAPL	C	6.66%	6.67%	6.66%
ADBE	D	0.46%	6.67%	0.46%
AMD	F	0.51%	6.67%	0.51%
AMZN	A	3.46%	6.67%	3.46%
AVGO	B	1.62%	6.67%	1.62%
CRM	B	0.59%	6.67%	0.59%
GOOGL	B	3.76%	6.67%	3.76%
INTC	C	0.2%	6.67%	0.2%
MSFT	D	5.79%	6.67%	5.79%
MU	C	0.24%	6.67%	0.24%
NFLX	A	0.7%	6.67%	0.7%
NVDA	B	6.1%	6.67%	6.1%
PANW	B	0.25%	6.67%	0.25%
TSLA	B	1.49%	6.67%	1.49%

CVLC Overweight 755 Positions Relative to BERZ

Symbol	Grade	Weight
LLY	F	1.47%
JPM	B	1.34%
UNH	D	1.13%
V	A	1.06%
MA	B	0.9%
ABBV	B	0.83%
HD	B	0.81%
COST	C	0.8%
PG	D	0.8%
WMT	A	0.73%
BAC	B	0.69%
KO	D	0.61%
MRK	F	0.6%
ORCL	B	0.59%
WFC	B	0.57%
PEP	F	0.57%
LIN	D	0.55%
GE	D	0.5%
CAT	B	0.5%
CSCO	A	0.48%
TMO	D	0.48%
ACN	C	0.47%
ABT	B	0.45%
IBM	D	0.42%
GS	B	0.42%
NOW	A	0.42%
NEE	D	0.41%
ISRG	A	0.41%
QCOM	F	0.4%
AMGN	D	0.4%
DIS	C	0.4%
TXN	B	0.4%
VZ	D	0.39%
AXP	B	0.39%
ETN	B	0.38%
CMCSA	B	0.37%
PFE	D	0.37%
DHR	D	0.37%
PGR	D	0.36%
INTU	D	0.36%
UNP	D	0.35%
T	B	0.35%
BKNG	A	0.34%
SPGI	D	0.34%
AMAT	F	0.33%
SBUX	B	0.32%
UBER	C	0.32%
LOW	B	0.31%
BX	B	0.31%
C	B	0.31%
SYK	A	0.3%
DE	C	0.3%
BSX	B	0.29%
MMC	D	0.28%
VRTX	A	0.28%
MDT	B	0.27%
MDLZ	F	0.27%
SCHW	B	0.27%
GILD	A	0.26%
ADP	A	0.26%
BMY	A	0.26%
TJX	D	0.26%
PLD	F	0.26%
FI	A	0.25%
AMT	D	0.25%
KKR	B	0.24%
TMUS	B	0.24%
UPS	C	0.24%
SHW	C	0.24%
TT	B	0.24%
ADI	C	0.24%
ICE	C	0.23%
APH	A	0.23%
PH	A	0.23%
BKR	A	0.22%
EQIX	B	0.22%
ANET	B	0.22%
ELV	F	0.22%
WM	B	0.22%
CMG	D	0.22%
ITW	A	0.22%
VMC	B	0.21%
REGN	F	0.21%
CEG	C	0.21%
WELL	B	0.21%
CME	B	0.21%
GEV	A	0.21%
LRCX	F	0.21%
KLAC	F	0.2%
AON	B	0.2%
APD	B	0.2%
CI	D	0.2%
ZTS	F	0.19%
NKE	F	0.19%
OXY	F	0.19%
NUE	F	0.19%
PNC	B	0.19%
USB	B	0.19%
PYPL	B	0.18%
CARR	D	0.18%
EMR	A	0.18%
ECL	D	0.18%
SNPS	C	0.17%
PCAR	B	0.16%
BDX	D	0.16%
COF	A	0.16%
CL	D	0.16%
MSI	B	0.16%
CDNS	B	0.16%
CVS	F	0.16%
MCO	D	0.16%
CTAS	B	0.15%
JCI	B	0.15%
DLR	B	0.15%
TFC	C	0.15%
CRWD	C	0.15%
APO	A	0.15%
MRVL	A	0.15%
FDX	D	0.15%
URI	B	0.15%
AFL	D	0.14%
ORLY	B	0.14%
SPG	A	0.14%
GM	A	0.14%
AJG	D	0.14%
MAR	B	0.14%
TGT	D	0.14%
BK	A	0.14%
TRV	B	0.14%
AIG	B	0.13%
ROP	F	0.13%
ALL	D	0.13%
D	B	0.13%
AMP	A	0.13%
CMI	A	0.13%
HLT	B	0.13%
O	D	0.13%
PSA	D	0.13%
ADSK	A	0.13%
SRE	C	0.13%
VRT	B	0.12%
TTD	B	0.12%
KR	A	0.12%
CCI	D	0.12%
MET	C	0.12%
AME	A	0.12%
DHI	D	0.12%
ABNB	C	0.12%
FIS	B	0.11%
WDAY	D	0.11%
STLD	B	0.11%
SYY	C	0.11%
YUM	C	0.11%
FICO	B	0.11%
FTNT	C	0.11%
MNST	B	0.11%
CSL	D	0.11%
PWR	A	0.11%
GIS	D	0.11%
PRU	C	0.11%
IR	B	0.11%
PEG	C	0.11%
OTIS	B	0.11%
DFS	B	0.1%
PAYX	B	0.1%
F	F	0.1%
EXC	D	0.1%
MSCI	B	0.1%
CBRE	A	0.1%
GWW	A	0.1%
RSG	C	0.1%
KDP	F	0.1%
CPRT	D	0.1%
AZO	D	0.1%
LEN	D	0.1%
XYL	F	0.09%
GEHC	D	0.09%
EXR	D	0.09%
SQ	C	0.09%
IQV	F	0.09%
IT	B	0.09%
A	C	0.09%
OC	B	0.09%
KHC	F	0.09%
ROK	C	0.09%
AXON	B	0.09%
COIN	C	0.09%
ED	D	0.09%
RS	C	0.09%
VRSK	B	0.09%
DAL	A	0.09%
KVUE	A	0.09%
ODFL	B	0.09%
ACGL	F	0.09%
EW	D	0.09%
FAST	A	0.09%
KMB	D	0.09%
XEL	B	0.09%
ROST	D	0.09%
WAB	A	0.09%
DOV	A	0.08%
CNC	D	0.08%
FITB	B	0.08%
SW	A	0.08%
WEC	B	0.08%
HSY	F	0.08%
DELL	B	0.08%
IDXX	F	0.08%
MPWR	F	0.08%
SNOW	C	0.08%
NDAQ	A	0.08%
WTW	A	0.08%
ALNY	C	0.08%
IRM	B	0.08%
EA	A	0.08%
AVB	B	0.08%
ARES	B	0.08%
DDOG	B	0.08%
CTSH	D	0.08%
GLW	B	0.08%
RMD	B	0.08%
HIG	D	0.08%
MTB	B	0.08%
PPG	F	0.08%
MCHP	F	0.08%
ON	D	0.07%
LULU	C	0.07%
HUBB	B	0.07%
EQR	D	0.07%
NVR	C	0.07%
IFF	D	0.07%
VEEV	C	0.07%
PHM	D	0.07%
CSGP	D	0.07%
AWK	D	0.07%
VTR	B	0.07%
CHTR	B	0.07%
APP	B	0.07%
RJF	B	0.07%
STT	A	0.07%
HUM	F	0.07%
HEI	D	0.07%
FTV	F	0.07%
KEYS	C	0.07%
HPQ	B	0.07%
EFX	D	0.07%
HPE	B	0.06%
DRI	B	0.06%
CINF	B	0.06%
SYF	A	0.06%
LII	A	0.06%
TYL	B	0.06%
RF	B	0.06%
CVNA	B	0.06%
BRO	A	0.06%
CBOE	B	0.06%
TTWO	B	0.06%
RBLX	B	0.06%
NET	C	0.06%
HBAN	B	0.06%
EBAY	D	0.06%
BIIB	F	0.06%
AEE	A	0.06%
PKG	A	0.06%
TSCO	D	0.06%
ES	D	0.06%
FCNCA	D	0.06%
HUBS	B	0.06%
TDY	B	0.06%
ANSS	C	0.06%
MKC	D	0.06%
TROW	B	0.06%
SBAC	D	0.06%
K	A	0.06%
MTD	D	0.06%
TEAM	B	0.06%
DXCM	D	0.06%
DTE	D	0.06%
ESS	D	0.05%
WY	D	0.05%
STX	D	0.05%
NRG	B	0.05%
AMCR	D	0.05%
IEX	B	0.05%
PNR	A	0.05%
AVY	D	0.05%
WSO	C	0.05%
PTC	B	0.05%
CFG	B	0.05%
WDC	C	0.05%
ARE	D	0.05%
PFG	D	0.05%
SNA	A	0.05%
DECK	B	0.05%
CHD	C	0.05%
ZBH	D	0.05%
STE	D	0.05%
NTRS	B	0.05%
NTAP	D	0.05%
WST	C	0.05%
EME	A	0.05%
BALL	F	0.05%
CMS	C	0.05%
ILMN	A	0.05%
VLTO	D	0.05%
BAH	A	0.05%
BR	B	0.05%
LPLA	B	0.05%
CDW	F	0.05%
ALLE	D	0.04%
EMN	D	0.04%
COHR	B	0.04%
RGA	D	0.04%
NVT	C	0.04%
GEN	B	0.04%
ULTA	D	0.04%
MAS	C	0.04%
ACM	A	0.04%
JBHT	B	0.04%
PFGC	A	0.04%
DG	F	0.04%
XPO	A	0.04%
ZS	C	0.04%
APTV	F	0.04%
ATI	F	0.04%
TOL	C	0.04%
BBY	D	0.04%
EQH	B	0.04%
TXRH	B	0.04%
TER	F	0.04%
PODD	A	0.04%
SFM	A	0.04%
TW	B	0.04%
UTHR	A	0.04%
CW	B	0.04%
LNT	C	0.04%
NDSN	D	0.04%
EG	F	0.04%
GGG	C	0.04%
DOC	A	0.04%
KIM	A	0.04%
FDS	B	0.04%
CE	F	0.04%
NI	A	0.04%
DGX	B	0.04%
FSLR	D	0.04%
CAG	D	0.04%
CLX	C	0.04%
EXPD	D	0.04%
SUI	D	0.04%
IBKR	A	0.04%
SWK	D	0.04%
PINS	C	0.04%
LYV	A	0.04%
KEY	B	0.04%
DPZ	C	0.04%
BAX	D	0.04%
MDB	F	0.04%
CASY	A	0.04%
TRMB	B	0.04%
ZBRA	B	0.04%
ZM	A	0.04%
HOLX	C	0.04%
MRNA	F	0.04%
MOH	D	0.04%
WBD	D	0.04%
WRB	C	0.04%
USFD	A	0.04%
LH	B	0.04%
MAA	D	0.04%
WAT	A	0.04%
OMC	B	0.04%
TRU	C	0.04%
INGR	A	0.03%
OKTA	F	0.03%
IPG	F	0.03%
AIT	A	0.03%
DCI	B	0.03%
TOST	B	0.03%
MLI	A	0.03%
HRL	D	0.03%
AOS	F	0.03%
SRPT	D	0.03%
SCI	A	0.03%
SF	B	0.03%
WWD	C	0.03%
Z	C	0.03%
CG	B	0.03%
CNH	B	0.03%
JEF	B	0.03%
WTRG	B	0.03%
BLD	D	0.03%
AYI	A	0.03%
ALSN	A	0.03%
TECH	C	0.03%
CUBE	D	0.03%
CPB	D	0.03%
NBIX	D	0.03%
POOL	B	0.03%
OHI	B	0.03%
SNAP	C	0.03%
JNPR	A	0.03%
DLTR	F	0.03%
BMRN	F	0.03%
JKHY	A	0.03%
ARMK	B	0.03%
LAMR	B	0.03%
EXAS	B	0.03%
CHRW	C	0.03%
JBL	B	0.03%
CLH	C	0.03%
AES	F	0.03%
FFIV	B	0.03%
WMS	D	0.03%
HST	C	0.03%
LECO	C	0.03%
UNM	A	0.03%
WPC	F	0.03%
SWKS	F	0.03%
DT	B	0.03%
SOFI	A	0.03%
TWLO	A	0.03%
CPT	D	0.03%
DOCU	A	0.03%
NTNX	B	0.03%
ROL	D	0.03%
OWL	B	0.03%
ELS	D	0.03%
SAIA	B	0.03%
LW	C	0.03%
SMCI	F	0.03%
RRX	B	0.03%
BXP	B	0.03%
ATR	A	0.03%
JLL	A	0.03%
BURL	D	0.03%
SUM	A	0.03%
CCK	B	0.03%
REG	B	0.03%
SSNC	D	0.03%
INCY	A	0.03%
GPC	F	0.03%
TTEK	A	0.03%
ITT	B	0.03%
AKAM	D	0.03%
EL	F	0.03%
ALGN	F	0.03%
GWRE	B	0.03%
RNR	B	0.03%
VRSN	F	0.03%
PSTG	D	0.03%
WSM	D	0.03%
RVTY	C	0.03%
EWBC	B	0.03%
ENTG	F	0.03%
AVTR	D	0.03%
SJM	D	0.03%
EVRG	B	0.03%
BG	F	0.03%
FIX	B	0.03%
CMC	B	0.03%
UDR	D	0.03%
MANH	D	0.03%
LNC	B	0.02%
ESTC	C	0.02%
BC	C	0.02%
STWD	D	0.02%
R	A	0.02%
S	C	0.02%
UFPI	D	0.02%
LSTR	D	0.02%
LSCC	D	0.02%
SEE	B	0.02%
PLNT	D	0.02%
OMF	B	0.02%
TKR	D	0.02%
JAZZ	C	0.02%
PARA	C	0.02%
WSC	F	0.02%
WEX	F	0.02%
MOG.A	C	0.02%
CADE	B	0.02%
AXS	B	0.02%
BCPC	C	0.02%
ONB	B	0.02%
VFC	B	0.02%
WH	B	0.02%
RHP	B	0.02%
SMAR	A	0.02%
RHI	B	0.02%
RL	A	0.02%
TREX	C	0.02%
FCN	F	0.02%
ESNT	F	0.02%
HQY	A	0.02%
SAIC	A	0.02%
BIO	A	0.02%
MTH	D	0.02%
GXO	B	0.02%
RGEN	D	0.02%
BPOP	D	0.02%
GKOS	C	0.02%
DVA	D	0.02%
MTG	D	0.02%
TPX	D	0.02%
RYAN	B	0.02%
SKX	D	0.02%
CBT	B	0.02%
BMI	D	0.02%
STAG	D	0.02%
PB	A	0.02%
OLED	F	0.02%
COKE	D	0.02%
LFUS	D	0.02%
BRBR	A	0.02%
FR	D	0.02%
PCTY	A	0.02%
ESI	B	0.02%
TMHC	A	0.02%
NOVT	F	0.02%
BFAM	F	0.02%
VNO	B	0.02%
HAS	D	0.02%
ROKU	D	0.02%
MSA	D	0.02%
VMI	A	0.02%
WCC	B	0.02%
LAD	A	0.02%
AGCO	D	0.02%
DAR	C	0.02%
RIVN	F	0.02%
SNX	B	0.02%
FRPT	C	0.02%
ALV	D	0.02%
SNV	B	0.02%
COLD	D	0.02%
CHE	F	0.02%
MEDP	F	0.02%
AGNC	D	0.02%
BWA	D	0.02%
SSB	B	0.02%
HRB	D	0.02%
JXN	B	0.02%
MTZ	A	0.02%
OSK	C	0.02%
GMED	A	0.02%
MKSI	F	0.02%
WTFC	B	0.02%
ZION	B	0.02%
CFR	B	0.02%
IVZ	B	0.02%
CIEN	B	0.02%
PEN	B	0.02%
LKQ	F	0.02%
ENSG	B	0.02%
MIDD	D	0.02%
CGNX	C	0.02%
FLS	A	0.02%
NNN	D	0.02%
CBSH	B	0.02%
KNX	B	0.02%
ESAB	A	0.02%
VOYA	C	0.02%
SEIC	A	0.02%
MORN	B	0.02%
BRX	A	0.02%
HSIC	F	0.02%
PNFP	A	0.02%
NYT	C	0.02%
CRL	F	0.02%
APG	C	0.02%
FBIN	B	0.02%
ONTO	F	0.02%
CNM	C	0.02%
AAL	C	0.02%
EXEL	A	0.02%
ORI	C	0.02%
CMA	B	0.02%
ACI	F	0.02%
SSD	D	0.02%
DOX	B	0.02%
TFX	F	0.02%
ENPH	F	0.02%
AAON	B	0.02%
FND	D	0.02%
TPR	B	0.02%
DKS	F	0.02%
WBS	B	0.02%
EPAM	F	0.02%
LBRDK	A	0.02%
EHC	A	0.02%
BJ	B	0.02%
PAYC	A	0.02%
WAL	C	0.02%
FRT	C	0.02%
KMX	D	0.02%
BERY	C	0.02%
FMC	B	0.02%
HLI	B	0.02%
FHN	B	0.02%
DAY	A	0.02%
REXR	F	0.02%
GL	C	0.02%
TTC	D	0.02%
PRI	B	0.02%
EVR	B	0.02%
RPRX	D	0.02%
AXTA	A	0.02%
AFG	F	0.02%
KNSL	F	0.02%
DUOL	B	0.02%
AFRM	B	0.02%
CTLT	D	0.02%
GPK	D	0.02%
MKTX	B	0.02%
WING	F	0.02%
MOS	C	0.02%
ALLY	D	0.02%
COLM	C	0.01%
COTY	F	0.01%
PAG	D	0.01%
ALGM	F	0.01%
TNET	F	0.01%
APLS	F	0.01%
AGR	D	0.01%
CWEN	C	0.01%
CACC	F	0.01%
PFSI	D	0.01%
ZI	C	0.01%
BOKF	B	0.01%
MSM	D	0.01%
CHWY	C	0.01%
BBIO	F	0.01%
CWAN	B	0.01%
SIG	D	0.01%
AN	D	0.01%
CHH	B	0.01%
M	C	0.01%
ATKR	C	0.01%
EEFT	C	0.01%
OPCH	F	0.01%
CDP	A	0.01%
ABG	B	0.01%
DLB	C	0.01%
QLYS	D	0.01%
GAP	C	0.01%
LANC	B	0.01%
LYFT	C	0.01%
RH	B	0.01%
AVT	B	0.01%
WMG	B	0.01%
APPF	D	0.01%
NSIT	F	0.01%
WTM	C	0.01%
TENB	F	0.01%
BCO	D	0.01%
HOG	F	0.01%
FIVE	C	0.01%
BCC	C	0.01%
ZWS	A	0.01%
PSN	A	0.01%
XRAY	F	0.01%
EXPO	D	0.01%
FELE	D	0.01%
DOCS	B	0.01%
HCP	A	0.01%
SWX	B	0.01%
OGN	F	0.01%
RMBS	C	0.01%
PVH	D	0.01%
WHR	B	0.01%
KD	F	0.01%
OLLI	C	0.01%
BECN	B	0.01%
ELF	F	0.01%
MMS	D	0.01%
ASH	F	0.01%
VRNS	D	0.01%
IONS	F	0.01%
OZK	B	0.01%
SLM	C	0.01%
ETSY	D	0.01%
NXST	B	0.01%
DY	D	0.01%
POR	C	0.01%
GME	C	0.01%
AWI	A	0.01%
SLGN	A	0.01%
VNT	C	0.01%
FOUR	B	0.01%
BPMC	C	0.01%
BBWI	D	0.01%
CROX	F	0.01%
CRUS	F	0.01%
SITE	C	0.01%
FLO	D	0.01%
ARW	F	0.01%
AZEK	C	0.01%
IBP	C	0.01%
UGI	F	0.01%
THO	C	0.01%
HOMB	B	0.01%
MMSI	B	0.01%
BILL	B	0.01%
LEA	F	0.01%
ALTR	B	0.01%
INSP	D	0.01%
FNB	B	0.01%
SPSC	F	0.01%
DBX	B	0.01%
RDN	D	0.01%
AL	C	0.01%
CFLT	B	0.01%
BRKR	F	0.01%
THG	B	0.01%
ANF	F	0.01%
G	C	0.01%
JHG	A	0.01%
NFG	B	0.01%
MTN	F	0.01%
HXL	F	0.01%
IDA	A	0.01%
EPRT	D	0.01%
CWST	D	0.01%
GATX	B	0.01%
SIGI	D	0.01%
COOP	C	0.01%
LPX	C	0.01%
KRG	A	0.01%
FSS	D	0.01%
EXLS	A	0.01%
MAT	A	0.01%
TRNO	F	0.01%
SRCL	A	0.01%
ELAN	F	0.01%
TPG	C	0.01%
KBH	D	0.01%
MHK	D	0.01%
ITRI	A	0.01%
FAF	D	0.01%
AMG	C	0.01%
H	F	0.01%
CVLT	C	0.01%
CELH	F	0.01%
QRVO	F	0.01%
HALO	C	0.01%
ALK	B	0.01%
SON	F	0.01%
HLNE	B	0.01%
ST	F	0.01%
MOD	D	0.01%
WTS	D	0.01%
GTLS	B	0.01%
BEN	C	0.01%
LEVI	F	0.0%

CVLC Underweight 1 Positions Relative to BERZ

	Symbol	Grade	Weight
	META	B	-6.67%