IGV vs. BULZ ETF Comparison

Comparison of iShares Expanded Tech-Software Sector ETF (IGV) to MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ)

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$105.42

Average Daily Volume

3,654,633

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

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

$160.88

Average Daily Volume

95,680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IGV	BULZ
30 Days	11.95%	7.65%
60 Days	15.82%	18.89%
90 Days	20.30%	20.77%
12 Months	36.11%	81.39%

3 Overlapping Holdings

Symbol	Grade	Weight in IGV	Weight in BULZ	Overlap
ADBE	D	6.5%	6.67%	6.5%
CRM	B	9.42%	6.67%	6.67%
MSFT	D	7.19%	6.67%	6.67%

IGV Overweight 106 Positions Relative to BULZ

Symbol	Grade	Weight
ORCL	A	8.34%
NOW	B	7.13%
PANW	A	4.35%
PLTR	B	4.17%
INTU	B	4.13%
SNPS	C	2.94%
CDNS	B	2.91%
CRWD	B	2.79%
ADSK	A	2.31%
APP	B	2.13%
ROP	C	2.12%
FTNT	B	2.1%
WDAY	C	2.02%
MSTR	B	2.0%
FICO	A	1.99%
DDOG	A	1.43%
TEAM	B	1.39%
EA	A	1.38%
HUBS	A	1.25%
TTWO	A	1.04%
ANSS	B	1.04%
TYL	B	0.92%
PTC	B	0.8%
ZM	B	0.76%
ZS	C	0.68%
NTNX	B	0.61%
MANH	D	0.6%
DOCU	B	0.58%
GWRE	A	0.57%
GEN	B	0.57%
DT	D	0.56%
SNAP	D	0.4%
IOT	A	0.36%
BILL	A	0.3%
S	C	0.28%
PCOR	C	0.27%
ESTC	C	0.27%
SMAR	A	0.27%
BSY	D	0.26%
CVLT	A	0.26%
GTLB	B	0.25%
CFLT	B	0.25%
DBX	C	0.23%
AZPN	A	0.23%
SPSC	D	0.23%
MARA	B	0.22%
ALTR	B	0.22%
VRNS	D	0.21%
QTWO	A	0.21%
CWAN	B	0.2%
PATH	C	0.2%
ACIW	B	0.2%
AUR	C	0.19%
APPF	C	0.19%
U	C	0.19%
QLYS	C	0.19%
HCP	B	0.18%
WK	C	0.17%
CCCS	B	0.17%
TENB	D	0.17%
BOX	B	0.17%
IDCC	B	0.16%
DLB	B	0.15%
PEGA	B	0.14%
NCNO	B	0.13%
BLKB	C	0.12%
CLSK	C	0.12%
ZETA	D	0.12%
RNG	C	0.11%
BL	C	0.11%
RIOT	C	0.11%
INTA	A	0.1%
DV	C	0.1%
TDC	D	0.1%
PRGS	B	0.1%
AI	B	0.1%
FIVN	C	0.1%
FRSH	C	0.1%
ALRM	C	0.1%
YOU	D	0.09%
VERX	A	0.09%
RPD	C	0.09%
ENV	B	0.09%
AGYS	A	0.09%
BRZE	C	0.08%
ALKT	B	0.08%
PD	C	0.07%
RAMP	C	0.07%
VYX	B	0.07%
AVPT	A	0.06%
MTTR	B	0.05%
ZUO	B	0.05%
SPT	C	0.05%
VRNT	D	0.05%
APPN	C	0.05%
PRO	C	0.04%
ASAN	C	0.04%
ATEN	A	0.04%
ADEA	D	0.04%
SWI	B	0.03%
NABL	F	0.03%
CXM	C	0.03%
JAMF	F	0.03%
SEMR	C	0.02%
MLNK	C	0.02%
ETWO	F	0.02%

IGV Underweight 12 Positions Relative to BULZ

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