IVES vs. ROM ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to ProShares Ultra Technology (ROM)
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
ROM
ProShares Ultra Technology
ROM Description
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The fund is non-diversified.Grade (RS Rating)
Last Trade
$70.48
Average Daily Volume
35,837
68
Performance
| Period | IVES | ROM |
|---|---|---|
| 30 Days | 7.17% | 3.58% |
| 60 Days | 5.41% | 8.67% |
| 90 Days | 7.27% | 6.06% |
| 12 Months | 43.26% | 44.73% |
21 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in ROM | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 2.12% | 10.41% | 2.12% | |
| AMD | F | 1.69% | 1.73% | 1.69% | |
| ANET | C | 2.15% | 0.77% | 0.77% | |
| AVGO | D | 1.95% | 3.08% | 1.95% | |
| CDNS | B | 2.4% | 0.63% | 0.63% | |
| DELL | C | 2.43% | 0.3% | 0.3% | |
| HPE | B | 2.22% | 0.22% | 0.22% | |
| HPQ | B | 2.22% | 0.29% | 0.29% | |
| IBM | C | 2.07% | 1.5% | 1.5% | |
| INTC | D | 2.28% | 0.82% | 0.82% | |
| JNPR | F | 1.92% | 0.1% | 0.1% | |
| MPWR | F | 1.29% | 0.22% | 0.22% | |
| MSFT | F | 2.09% | 9.39% | 2.09% | |
| MU | D | 2.12% | 0.85% | 0.85% | |
| NTAP | C | 2.16% | 0.19% | 0.19% | |
| NVDA | C | 2.47% | 10.63% | 2.47% | |
| ORCL | B | 2.37% | 2.33% | 2.33% | |
| QCOM | F | 1.94% | 1.42% | 1.42% | |
| SMCI | F | 1.52% | 0.07% | 0.07% | |
| SNPS | B | 2.35% | 0.63% | 0.63% | |
| WDC | D | 2.09% | 0.16% | 0.16% |
IVES Underweight 47 Positions Relative to ROM
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRM | B | -2.5% | |
| CSCO | B | -1.84% | |
| ADBE | C | -1.77% | |
| ACN | C | -1.76% | |
| NOW | A | -1.65% | |
| INTU | C | -1.53% | |
| TXN | C | -1.46% | |
| AMAT | F | -1.11% | |
| PLTR | B | -1.05% | |
| PANW | C | -0.99% | |
| ADI | D | -0.81% | |
| LRCX | F | -0.72% | |
| APH | A | -0.67% | |
| KLAC | D | -0.66% | |
| MSI | B | -0.65% | |
| CRWD | B | -0.62% | |
| ADSK | A | -0.51% | |
| ROP | B | -0.47% | |
| FTNT | C | -0.47% | |
| NXPI | D | -0.44% | |
| FICO | B | -0.44% | |
| IT | C | -0.32% | |
| CTSH | B | -0.3% | |
| GLW | B | -0.28% | |
| MCHP | D | -0.27% | |
| ANSS | B | -0.23% | |
| ON | D | -0.22% | |
| KEYS | A | -0.21% | |
| TYL | B | -0.2% | |
| GDDY | A | -0.2% | |
| CDW | F | -0.19% | |
| PTC | A | -0.18% | |
| TDY | B | -0.17% | |
| ZBRA | B | -0.16% | |
| STX | D | -0.16% | |
| FSLR | F | -0.16% | |
| TRMB | B | -0.14% | |
| GEN | B | -0.13% | |
| TER | D | -0.13% | |
| JBL | B | -0.12% | |
| VRSN | F | -0.12% | |
| AKAM | D | -0.11% | |
| SWKS | F | -0.11% | |
| EPAM | C | -0.11% | |
| FFIV | B | -0.11% | |
| ENPH | F | -0.06% | |
| QRVO | F | -0.05% |
IVES: Top Represented Industries & Keywords
ROM: Top Represented Industries & Keywords
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