IVES vs. FXL ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to First Trust Technology AlphaDEX (FXL)
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
$44.08
Average Daily Volume
8,642
46
FXL
First Trust Technology AlphaDEX
FXL Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$129.54
Average Daily Volume
31,751
94
Performance
| Period | IVES | FXL |
|---|---|---|
| 30 Days | -6.86% | -5.24% |
| 60 Days | 0.04% | -5.69% |
| 90 Days | 6.70% | -2.94% |
| 12 Months | 43.99% | 32.29% |
15 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in FXL | Overlap | |
|---|---|---|---|---|---|
| CFLT | C | 1.71% | 0.7% | 0.7% | |
| DBX | D | 1.51% | 0.72% | 0.72% | |
| DDOG | C | 2.91% | 1.14% | 1.14% | |
| ESTC | C | 3.4% | 0.36% | 0.36% | |
| GTLB | C | 1.61% | 0.72% | 0.72% | |
| HCP | A | 0.89% | 0.38% | 0.38% | |
| INFA | D | 1.98% | 1.34% | 1.34% | |
| MDB | D | 2.35% | 0.36% | 0.36% | |
| NCNO | D | 0.65% | 0.6% | 0.6% | |
| NET | D | 2.78% | 1.35% | 1.35% | |
| NTAP | A | 3.47% | 1.41% | 1.41% | |
| NTNX | C | 2.9% | 1.84% | 1.84% | |
| OKTA | D | 2.67% | 1.01% | 1.01% | |
| PSTG | A | 3.05% | 1.85% | 1.85% | |
| RNG | F | 0.54% | 0.65% | 0.54% |
IVES Overweight 31 Positions Relative to FXL
| Symbol | Grade | Weight | |
|---|---|---|---|
| OTEX | D | 4.28% | |
| MSTR | D | 3.7% | |
| SMCI | D | 3.4% | |
| IOT | C | 2.7% | |
| GDS | D | 1.6% | |
| APPF | C | 1.47% | |
| SMAR | D | 0.95% | |
| 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% | |
| DOCN | F | 0.58% | |
| APPN | F | 0.51% | |
| ZETA | A | 0.49% | |
| JAMF | A | 0.44% | |
| NABL | D | 0.43% | |
| INTA | F | 0.43% | |
| PDFS | F | 0.36% | |
| SWI | C | 0.34% | |
| FSLY | F | 0.32% | |
| VNET | F | 0.3% | |
| EVBG | A | 0.28% | |
| GDYN | F | 0.15% | |
| RXT | D | 0.07% | |
| BLZE | D | 0.07% | |
| UIS | B | 0.07% | |
| DOMO | F | 0.06% | |
| EGHT | D | 0.05% |
IVES Underweight 79 Positions Relative to FXL
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | B | -1.91% | |
| META | D | -1.9% | |
| AVT | A | -1.82% | |
| ARW | A | -1.8% | |
| VRT | A | -1.8% | |
| HPE | B | -1.77% | |
| DASH | D | -1.75% | |
| IPGP | C | -1.75% | |
| CRWD | C | -1.74% | |
| TOST | C | -1.73% | |
| IAC | D | -1.72% | |
| CTSH | D | -1.72% | |
| SWKS | C | -1.71% | |
| NVDA | D | -1.7% | |
| GFS | F | -1.66% | |
| CNXC | F | -1.59% | |
| ON | D | -1.56% | |
| GDDY | A | -1.55% | |
| SNX | A | -1.53% | |
| DXC | D | -1.49% | |
| SAIC | C | -1.46% | |
| NOW | D | -1.45% | |
| DOX | D | -1.43% | |
| AMAT | C | -1.4% | |
| PLTR | C | -1.4% | |
| AVGO | C | -1.4% | |
| DNB | F | -1.38% | |
| PEGA | C | -1.37% | |
| CRM | D | -1.37% | |
| MANH | D | -1.37% | |
| ENTG | C | -1.34% | |
| PCOR | D | -1.3% | |
| HUBS | B | -1.16% | |
| CACI | A | -1.13% | |
| MSFT | C | -1.08% | |
| PTC | C | -1.07% | |
| MCHP | B | -1.07% | |
| IT | C | -1.06% | |
| SSNC | C | -1.06% | |
| FFIV | C | -1.06% | |
| AKAM | D | -1.05% | |
| KLAC | C | -1.04% | |
| SNPS | C | -1.03% | |
| CRUS | C | -1.02% | |
| LRCX | D | -1.02% | |
| HPQ | D | -1.02% | |
| ORCL | D | -1.02% | |
| CDNS | D | -1.01% | |
| AMD | D | -0.94% | |
| GOOGL | A | -0.78% | |
| KBR | A | -0.75% | |
| APH | A | -0.74% | |
| ADI | B | -0.72% | |
| INTU | C | -0.72% | |
| TXN | B | -0.71% | |
| QCOM | C | -0.71% | |
| GLW | C | -0.71% | |
| CDW | C | -0.7% | |
| ZM | F | -0.7% | |
| S | C | -0.68% | |
| JBL | F | -0.67% | |
| MTCH | F | -0.65% | |
| INTC | F | -0.58% | |
| PANW | C | -0.37% | |
| VRSN | F | -0.35% | |
| FTNT | D | -0.34% | |
| DOCU | A | -0.34% | |
| PINS | D | -0.34% | |
| IBM | D | -0.34% | |
| ROP | B | -0.34% | |
| WDAY | D | -0.33% | |
| DLB | D | -0.33% | |
| MPWR | C | -0.32% | |
| OLED | D | -0.32% | |
| ZS | D | -0.32% | |
| PATH | D | -0.31% | |
| DV | F | -0.31% | |
| TER | B | -0.31% | |
| ADSK | F | -0.3% |
IVES: Top Represented Industries & Keywords
FXL: Top Represented Industries & Keywords
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