FEPI vs. BERZ ETF Comparison
Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)
FEPI
REX FANG & Innovation Equity Premium Income ETF
FEPI Description
FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.
Grade (RS Rating)
Last Trade
$51.55
Average Daily Volume
125,412
15
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
$14.49
Average Daily Volume
107,368
15
Performance
| Period | FEPI | BERZ |
|---|---|---|
| 30 Days | 1.48% | -12.61% |
| 60 Days | 5.25% | -22.84% |
| 90 Days | 7.46% | -29.01% |
| 12 Months | 21.81% | -70.12% |
14 Overlapping Holdings
| Symbol | Grade | Weight in FEPI | Weight in BERZ | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 6.21% | 6.67% | 6.21% | |
| ADBE | D | 6.33% | 6.67% | 6.33% | |
| AMD | F | 5.99% | 6.67% | 5.99% | |
| AMZN | B | 7.12% | 6.67% | 6.67% | |
| AVGO | D | 6.47% | 6.67% | 6.47% | |
| CRM | B | 7.59% | 6.67% | 6.67% | |
| GOOGL | B | 6.97% | 6.67% | 6.67% | |
| INTC | C | 6.97% | 6.67% | 6.67% | |
| META | C | 6.59% | 6.67% | 6.59% | |
| MSFT | D | 6.39% | 6.67% | 6.39% | |
| MU | D | 6.63% | 6.67% | 6.63% | |
| NFLX | A | 6.86% | 6.67% | 6.67% | |
| NVDA | A | 6.85% | 6.67% | 6.67% | |
| TSLA | B | 10.32% | 6.67% | 6.67% |
FEPI Overweight 1 Positions Relative to BERZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| QCOM | F | 6.13% |
FEPI Underweight 1 Positions Relative to BERZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| PANW | A | -6.67% |
FEPI: Top Represented Industries & Keywords
BERZ: Top Represented Industries & Keywords
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