IVES vs. WUGI ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Esoterica NextG Economy ETF (WUGI)
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
WUGI
Esoterica NextG Economy ETF
WUGI Description
The investment seeks capital appreciation. The fund is an actively-managed ETF that will invest, under normal circumstances, at least 80% of its total assets in domestic and foreign equity securities of companies whose economic fortunes are significantly tied to the fifth generation digital cellular network technology (5G) enabled digital economy, including companies involved in the production of 5G technology and companies that may benefit from the use of 5G. The fund is non-diversified.Grade (RS Rating)
Last Trade
$74.40
Average Daily Volume
2,317
25
Performance
| Period | IVES | WUGI |
|---|---|---|
| 30 Days | 7.17% | 1.82% |
| 60 Days | 5.41% | 9.83% |
| 90 Days | 7.27% | 8.11% |
| 12 Months | 43.26% | 54.47% |
11 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in WUGI | Overlap | |
|---|---|---|---|---|---|
| AMD | F | 1.8% | 0.91% | 0.91% | |
| AMZN | C | 2.4% | 8.53% | 2.4% | |
| AVGO | D | 2.14% | 7.02% | 2.14% | |
| DDOG | A | 2.16% | 0.53% | 0.53% | |
| MDB | B | 2.36% | 2.0% | 2.0% | |
| MSFT | D | 2.18% | 4.13% | 2.18% | |
| MU | D | 2.18% | 0.75% | 0.75% | |
| NVDA | B | 2.55% | 9.87% | 2.55% | |
| ORCL | A | 2.38% | 1.1% | 1.1% | |
| SNOW | B | 2.35% | 2.27% | 2.27% | |
| SNPS | B | 2.38% | 3.81% | 2.38% |
IVES Overweight 25 Positions Relative to WUGI
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | A | 3.08% | |
| CFLT | B | 2.89% | |
| MRVL | B | 2.71% | |
| GTLB | B | 2.56% | |
| APPN | B | 2.53% | |
| VRT | B | 2.52% | |
| DELL | B | 2.43% | |
| CDNS | B | 2.38% | |
| GOOGL | C | 2.33% | |
| INTC | C | 2.29% | |
| CIEN | C | 2.28% | |
| HPE | B | 2.26% | |
| HPQ | B | 2.21% | |
| HCP | B | 2.15% | |
| ANET | C | 2.14% | |
| JNPR | D | 2.13% | |
| AAPL | C | 2.12% | |
| NTAP | C | 2.1% | |
| QCOM | F | 2.08% | |
| WDC | D | 2.07% | |
| IBM | C | 2.0% | |
| DOCN | C | 1.92% | |
| BABA | D | 1.7% | |
| MPWR | F | 1.48% | |
| SMCI | F | 1.13% |
IVES: Top Represented Industries & Keywords
WUGI: Top Represented Industries & Keywords
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