IVES vs. IDAT ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Cloud Data Tech and Consumer ETF (IDAT)
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
$43.89
Average Daily Volume
4,854
46
IDAT
Cloud Data Tech and Consumer ETF
IDAT Description
The fund will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.79
Average Daily Volume
1,274
35
Performance
| Period | IVES | IDAT |
|---|---|---|
| 30 Days | 0.03% | 6.69% |
| 60 Days | -6.28% | 0.30% |
| 90 Days | -6.01% | -0.38% |
| 12 Months | 28.48% | 27.48% |
IVES Overweight 37 Positions Relative to IDAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSTR | B | 4.34% | |
| NTAP | A | 3.67% | |
| OTEX | F | 3.6% | |
| IOT | C | 3.28% | |
| SMCI | D | 2.81% | |
| OKTA | C | 2.64% | |
| MDB | D | 2.28% | |
| GTLB | D | 1.62% | |
| INFA | D | 1.61% | |
| APPF | C | 1.54% | |
| DBX | F | 1.45% | |
| HCP | B | 1.19% | |
| SMAR | D | 1.01% | |
| KC | D | 0.89% | |
| CVLT | A | 0.88% | |
| BLKB | C | 0.77% | |
| BOX | F | 0.68% | |
| ZETA | C | 0.68% | |
| NCNO | F | 0.64% | |
| FROG | F | 0.64% | |
| DOCN | C | 0.6% | |
| RNG | C | 0.58% | |
| INTA | C | 0.48% | |
| NABL | F | 0.42% | |
| APPN | F | 0.42% | |
| JAMF | F | 0.38% | |
| SWI | C | 0.36% | |
| VNET | D | 0.34% | |
| PDFS | B | 0.33% | |
| EVBG | D | 0.26% | |
| FSLY | F | 0.21% | |
| GDYN | F | 0.14% | |
| RXT | C | 0.07% | |
| UIS | F | 0.06% | |
| EGHT | C | 0.06% | |
| BLZE | F | 0.05% | |
| DOMO | F | 0.05% |
IVES Underweight 26 Positions Relative to IDAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | A | -4.92% | |
| MU | A | -3.72% | |
| WDC | A | -3.4% | |
| QCOM | B | -3.34% | |
| AVGO | B | -3.33% | |
| MRVL | B | -3.2% | |
| ANET | C | -3.03% | |
| NXPI | A | -2.86% | |
| STX | B | -2.58% | |
| JNPR | D | -2.58% | |
| DD | A | -2.4% | |
| CIEN | B | -2.3% | |
| QRVO | F | -2.14% | |
| SWKS | F | -1.96% | |
| AMT | C | -1.91% | |
| DT | D | -1.89% | |
| TWLO | F | -1.85% | |
| CCI | D | -1.82% | |
| MTSI | B | -1.8% | |
| AKAM | F | -1.76% | |
| SBAC | F | -1.61% | |
| INTC | F | -1.57% | |
| BDC | B | -1.25% | |
| LITE | D | -1.03% | |
| DIOD | B | -0.81% | |
| SITM | B | -0.74% |
IVES: Top Represented Industries & Keywords
IDAT: Top Represented Industries & Keywords
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