IVES vs. XITK ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to SPDR FactSet Innovative Technology ETF (XITK)
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
$47.88
Average Daily Volume
1,124
46
XITK
SPDR FactSet Innovative Technology ETF
XITK Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index. The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It is non-diversified.Grade (RS Rating)
Last Trade
$154.62
Average Daily Volume
1,890
97
Performance
| Period | IVES | XITK |
|---|---|---|
| 30 Days | 3.00% | 4.08% |
| 60 Days | 5.25% | 4.79% |
| 90 Days | 5.45% | 5.48% |
| 12 Months | 37.44% | 25.96% |
17 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in XITK | Overlap | |
|---|---|---|---|---|---|
| APPN | C | 0.46% | 0.82% | 0.46% | |
| DDOG | D | 2.83% | 0.9% | 0.9% | |
| DOCN | C | 0.7% | 1.21% | 0.7% | |
| FSLY | D | 0.19% | 0.37% | 0.19% | |
| GTLB | D | 1.54% | 0.78% | 0.78% | |
| HCP | A | 1.28% | 1.44% | 1.28% | |
| INTA | C | 0.71% | 1.21% | 0.71% | |
| IOT | C | 3.42% | 1.25% | 1.25% | |
| JAMF | D | 0.41% | 0.96% | 0.41% | |
| KD | F | 0.98% | 1.15% | 0.98% | |
| MDB | D | 2.58% | 0.67% | 0.67% | |
| NCNO | F | 0.65% | 0.92% | 0.65% | |
| OKTA | F | 2.37% | 0.92% | 0.92% | |
| PDFS | D | 0.31% | 0.73% | 0.31% | |
| SMAR | A | 1.43% | 1.02% | 1.02% | |
| SMCI | F | 2.97% | 1.41% | 1.41% | |
| TDC | D | 0.52% | 0.59% | 0.52% |
IVES Overweight 29 Positions Relative to XITK
| Symbol | Grade | Weight | |
|---|---|---|---|
| ESTC | F | 4.62% | |
| OTEX | D | 4.45% | |
| GDS | C | 3.85% | |
| MSTR | C | 3.41% | |
| PSTG | F | 2.88% | |
| NET | D | 2.86% | |
| NTAP | D | 2.8% | |
| NTNX | D | 2.62% | |
| APPF | C | 1.58% | |
| DBX | C | 1.5% | |
| INFA | D | 1.42% | |
| CVLT | B | 1.24% | |
| ZETA | C | 1.21% | |
| CFLT | F | 1.19% | |
| VNET | B | 0.97% | |
| BOX | C | 0.87% | |
| BLKB | C | 0.8% | |
| KC | D | 0.66% | |
| FROG | F | 0.59% | |
| RNG | F | 0.52% | |
| NABL | F | 0.45% | |
| SWI | B | 0.4% | |
| APLD | C | 0.22% | |
| GDYN | C | 0.2% | |
| RXT | C | 0.1% | |
| UIS | C | 0.07% | |
| EGHT | F | 0.05% | |
| BLZE | D | 0.05% | |
| DOMO | F | 0.05% |
IVES Underweight 80 Positions Relative to XITK
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | C | -2.95% | |
| NVDA | C | -2.21% | |
| PI | B | -2.16% | |
| QTWO | C | -1.86% | |
| SPOT | C | -1.6% | |
| TOST | C | -1.56% | |
| META | B | -1.49% | |
| DOCS | B | -1.47% | |
| MPWR | B | -1.45% | |
| MNDY | C | -1.4% | |
| TTD | B | -1.38% | |
| MGNI | D | -1.38% | |
| NFLX | B | -1.38% | |
| KLAC | D | -1.32% | |
| DAKT | D | -1.31% | |
| Z | C | -1.3% | |
| SITM | B | -1.3% | |
| FTNT | B | -1.29% | |
| ONTO | C | -1.29% | |
| PAR | D | -1.28% | |
| CYBR | B | -1.19% | |
| CWAN | C | -1.18% | |
| CHKP | B | -1.18% | |
| SSNC | C | -1.18% | |
| PEGA | B | -1.15% | |
| VRNS | B | -1.12% | |
| VEEV | C | -1.11% | |
| ARLO | D | -1.1% | |
| DUOL | C | -1.1% | |
| AGYS | D | -1.1% | |
| AMD | C | -1.09% | |
| PRFT | B | -1.04% | |
| DOCU | C | -1.03% | |
| CRWD | D | -1.02% | |
| SEIC | B | -1.02% | |
| RBLX | C | -1.0% | |
| G | C | -0.99% | |
| CTSH | B | -0.96% | |
| UPST | C | -0.96% | |
| AEIS | D | -0.95% | |
| SPSC | D | -0.95% | |
| ASGN | D | -0.92% | |
| S | D | -0.92% | |
| EA | D | -0.91% | |
| DOX | C | -0.9% | |
| SQ | D | -0.88% | |
| TENB | F | -0.87% | |
| FVRR | C | -0.86% | |
| DT | C | -0.85% | |
| ALIT | D | -0.83% | |
| CALX | C | -0.82% | |
| OLO | F | -0.8% | |
| TWLO | C | -0.79% | |
| GLOB | D | -0.77% | |
| ZS | F | -0.77% | |
| CLVT | D | -0.77% | |
| PINS | D | -0.77% | |
| PUBM | F | -0.76% | |
| LSPD | C | -0.73% | |
| IAS | D | -0.71% | |
| GFS | F | -0.69% | |
| UPWK | D | -0.68% | |
| RAMP | F | -0.67% | |
| EPAM | F | -0.66% | |
| MXL | D | -0.66% | |
| ROKU | D | -0.66% | |
| ZIP | D | -0.64% | |
| BRZE | F | -0.6% | |
| CNXC | F | -0.6% | |
| ZI | D | -0.6% | |
| QLYS | D | -0.58% | |
| ASAN | F | -0.57% | |
| U | D | -0.55% | |
| RPD | D | -0.54% | |
| OPEN | F | -0.53% | |
| DV | F | -0.46% | |
| PRO | F | -0.46% | |
| PATH | D | -0.45% | |
| APPS | D | -0.42% | |
| RIOT | F | -0.4% |
IVES: Top Represented Industries & Keywords
XITK: Top Represented Industries & Keywords
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