IVES vs. CQQQ ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Guggenheim China Technology ETF (CQQQ)
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”
Grade (RS Rating)
Last Trade
$44.27
Average Daily Volume
8,873
46
CQQQ
Guggenheim China Technology ETF
CQQQ Description
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the AlphaShares China Technology Index. The fund invests at least 80% of its assets in common stock, ADRs, ADSs, GDRs and IDRs that comprise the index and depositary receipts or shares representing common stocks included in the index. The index is designed to measure and monitor the performance of the universe of publicly-traded companies which are based in mainland China, Hong Kong or Macau, are in the Information Technology Sector, as defined by GICS and are open to foreign investment. It is non-diversified.Grade (RS Rating)
Last Trade
$32.83
Average Daily Volume
271,309
9
Performance
| Period | IVES | CQQQ |
|---|---|---|
| 30 Days | -6.57% | 1.64% |
| 60 Days | 0.46% | 3.66% |
| 90 Days | 7.29% | 3.53% |
| 12 Months | 46.16% | -18.88% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in CQQQ | Overlap | |
|---|---|---|---|---|---|
| GDS | D | 1.6% | 0.56% | 0.56% |
IVES Overweight 45 Positions Relative to CQQQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| OTEX | D | 4.28% | |
| MSTR | C | 3.7% | |
| NTAP | B | 3.47% | |
| SMCI | D | 3.4% | |
| ESTC | C | 3.4% | |
| PSTG | B | 3.05% | |
| DDOG | B | 2.91% | |
| NTNX | D | 2.9% | |
| NET | D | 2.78% | |
| IOT | B | 2.7% | |
| OKTA | D | 2.67% | |
| MDB | D | 2.35% | |
| INFA | B | 1.98% | |
| CFLT | C | 1.71% | |
| GTLB | C | 1.61% | |
| DBX | D | 1.51% | |
| APPF | D | 1.47% | |
| SMAR | D | 0.95% | |
| HCP | B | 0.89% | |
| KD | C | 0.87% | |
| KC | F | 0.83% | |
| CVLT | C | 0.8% | |
| BLKB | A | 0.8% | |
| FROG | C | 0.76% | |
| BOX | C | 0.72% | |
| TDC | D | 0.68% | |
| NCNO | F | 0.65% | |
| DOCN | F | 0.58% | |
| RNG | F | 0.54% | |
| APPN | B | 0.51% | |
| ZETA | A | 0.49% | |
| JAMF | A | 0.44% | |
| NABL | D | 0.43% | |
| INTA | F | 0.43% | |
| PDFS | F | 0.36% | |
| SWI | B | 0.34% | |
| FSLY | F | 0.32% | |
| VNET | F | 0.3% | |
| EVBG | A | 0.28% | |
| GDYN | F | 0.15% | |
| RXT | D | 0.07% | |
| BLZE | C | 0.07% | |
| UIS | B | 0.07% | |
| DOMO | F | 0.06% | |
| EGHT | F | 0.05% |
IVES: Top Represented Industries & Keywords
CQQQ: Top Represented Industries & Keywords
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