IVES vs. QTEC ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to First Trust NASDAQ-100- Technology Index Fund (QTEC)
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
$49.21
Average Daily Volume
1,131
36
QTEC
First Trust NASDAQ-100- Technology Index Fund
QTEC 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 NASDAQ-100 Technology Sector Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.Grade (RS Rating)
Last Trade
$199.23
Average Daily Volume
114,716
43
Performance
| Period | IVES | QTEC |
|---|---|---|
| 30 Days | 7.17% | 4.12% |
| 60 Days | 5.41% | 4.78% |
| 90 Days | 7.27% | 2.69% |
| 12 Months | 43.26% | 24.05% |
16 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in QTEC | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 2.12% | 2.28% | 2.12% | |
| AMD | F | 1.69% | 2.03% | 1.69% | |
| AVGO | D | 1.95% | 2.27% | 1.95% | |
| CDNS | B | 2.4% | 2.52% | 2.4% | |
| DDOG | A | 2.47% | 2.61% | 2.47% | |
| GOOGL | C | 2.11% | 1.22% | 1.22% | |
| INTC | D | 2.28% | 2.61% | 2.28% | |
| MDB | C | 2.5% | 2.39% | 2.39% | |
| MRVL | B | 2.67% | 2.8% | 2.67% | |
| MSFT | F | 2.09% | 2.24% | 2.09% | |
| MU | D | 2.12% | 2.49% | 2.12% | |
| NVDA | C | 2.47% | 2.89% | 2.47% | |
| QCOM | F | 1.94% | 2.21% | 1.94% | |
| SMCI | F | 1.52% | 0.9% | 0.9% | |
| SNPS | B | 2.35% | 2.47% | 2.35% | |
| TEAM | A | 3.13% | 3.5% | 3.13% |
IVES Overweight 20 Positions Relative to QTEC
IVES Underweight 27 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| DASH | A | -2.84% | |
| FTNT | C | -2.81% | |
| ZS | C | -2.75% | |
| PANW | C | -2.64% | |
| ADSK | A | -2.62% | |
| CRWD | B | -2.62% | |
| PDD | F | -2.56% | |
| WDAY | B | -2.49% | |
| INTU | C | -2.48% | |
| GFS | C | -2.47% | |
| CTSH | B | -2.44% | |
| ANSS | B | -2.42% | |
| META | D | -2.34% | |
| ROP | B | -2.31% | |
| TXN | C | -2.31% | |
| ADBE | C | -2.31% | |
| ARM | D | -2.24% | |
| LRCX | F | -2.21% | |
| AMAT | F | -2.21% | |
| ON | D | -2.2% | |
| NXPI | D | -2.2% | |
| ADI | D | -2.13% | |
| ASML | F | -1.99% | |
| KLAC | D | -1.94% | |
| MCHP | D | -1.94% | |
| CDW | F | -1.83% | |
| GOOG | C | -1.23% |
IVES: Top Represented Industries & Keywords
QTEC: Top Represented Industries & Keywords
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