IVES vs. SKYU ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to ProShares Ultra Cloud Computing (SKYU)
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
$43.88
Average Daily Volume
8,195
46
SKYU
ProShares Ultra Cloud Computing
SKYU Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index. The index is comprised of companies classified as cloud computing companies by the CTA. The Advisor expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments. It invests in common stock issued by public companies. The fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets. It is non-diversified.Grade (RS Rating)
Last Trade
$22.47
Average Daily Volume
2,016
62
Performance
| Period | IVES | SKYU |
|---|---|---|
| 30 Days | -6.30% | -10.56% |
| 60 Days | -6.03% | -13.24% |
| 90 Days | 4.62% | -2.55% |
| 12 Months | 46.05% | 96.08% |
20 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in SKYU | Overlap | |
|---|---|---|---|---|---|
| APPF | B | 1.46% | 0.51% | 0.51% | |
| APPN | C | 0.51% | 1.08% | 0.51% | |
| BLKB | B | 0.79% | 0.64% | 0.64% | |
| BOX | D | 0.74% | 0.59% | 0.59% | |
| CFLT | F | 1.7% | 1.44% | 1.44% | |
| DBX | F | 1.56% | 0.56% | 0.56% | |
| DDOG | A | 2.87% | 0.53% | 0.53% | |
| DOCN | C | 0.57% | 1.74% | 0.57% | |
| ESTC | B | 3.65% | 0.44% | 0.44% | |
| FSLY | D | 0.32% | 1.08% | 0.32% | |
| GTLB | F | 1.66% | 1.31% | 1.31% | |
| HCP | A | 1.16% | 2.12% | 1.16% | |
| MDB | D | 2.45% | 2.3% | 2.3% | |
| NET | C | 2.64% | 1.98% | 1.98% | |
| NTAP | B | 3.33% | 1.91% | 1.91% | |
| NTNX | C | 2.79% | 3.25% | 2.79% | |
| OTEX | F | 4.4% | 0.52% | 0.52% | |
| PSTG | B | 2.85% | 3.34% | 2.85% | |
| RNG | D | 0.53% | 1.44% | 0.53% | |
| SMAR | D | 0.99% | 0.51% | 0.51% |
IVES Overweight 26 Positions Relative to SKYU
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSTR | D | 3.68% | |
| IOT | B | 2.98% | |
| SMCI | D | 2.59% | |
| OKTA | C | 2.59% | |
| GDS | B | 1.86% | |
| INFA | D | 1.78% | |
| KC | D | 0.92% | |
| KD | C | 0.88% | |
| CVLT | A | 0.8% | |
| FROG | C | 0.8% | |
| TDC | D | 0.68% | |
| NCNO | D | 0.64% | |
| ZETA | A | 0.5% | |
| JAMF | A | 0.47% | |
| NABL | D | 0.43% | |
| INTA | F | 0.43% | |
| PDFS | F | 0.36% | |
| SWI | D | 0.35% | |
| VNET | D | 0.32% | |
| EVBG | A | 0.27% | |
| GDYN | F | 0.15% | |
| BLZE | C | 0.07% | |
| RXT | D | 0.07% | |
| UIS | B | 0.07% | |
| EGHT | F | 0.06% | |
| DOMO | F | 0.05% |
IVES Underweight 42 Positions Relative to SKYU
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | A | -3.79% | |
| ORCL | D | -3.46% | |
| AMZN | B | -3.31% | |
| MSFT | C | -3.25% | |
| ANET | D | -3.21% | |
| IBM | D | -3.07% | |
| CSCO | D | -2.23% | |
| DELL | B | -2.22% | |
| APP | B | -1.95% | |
| HPE | D | -1.88% | |
| HUBS | B | -1.74% | |
| TWLO | C | -1.7% | |
| FIVN | F | -1.65% | |
| TEAM | F | -1.61% | |
| SHOP | D | -1.56% | |
| NOW | D | -1.56% | |
| WK | F | -1.56% | |
| CRM | D | -1.49% | |
| SAP | D | -1.1% | |
| WIX | D | -0.97% | |
| LUMN | F | -0.86% | |
| ZUO | A | -0.68% | |
| QTWO | A | -0.64% | |
| SQSP | B | -0.6% | |
| DOCU | A | -0.6% | |
| BL | D | -0.58% | |
| PAYC | F | -0.57% | |
| TOST | C | -0.56% | |
| TTD | B | -0.55% | |
| QLYS | D | -0.55% | |
| INTU | C | -0.53% | |
| CRWD | D | -0.52% | |
| PANW | B | -0.52% | |
| PCTY | F | -0.52% | |
| VEEV | D | -0.5% | |
| WDAY | F | -0.48% | |
| ZM | F | -0.48% | |
| SPT | F | -0.47% | |
| SNOW | D | -0.46% | |
| ASAN | D | -0.42% | |
| ZS | F | -0.41% | |
| EB | F | -0.34% |
IVES: Top Represented Industries & Keywords
SKYU: Top Represented Industries & Keywords
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