NEWZ vs. IHI ETF Comparison
Comparison of StockSnips AI-Powered Sentiment US All Cap ETF (NEWZ) to iShares U.S. Medical Devices ETF (IHI)
NEWZ
StockSnips AI-Powered Sentiment US All Cap ETF
NEWZ Description
NEWZ navigates market complexities through a proprietary news media sentiment signal which combines AI and NLP technologies. This signal is generated from textual sources, such as news articles, blogs, and SEC filings, processed using advanced machine learning algorithms. These algorithms sift through vast amounts of data to assess investor sentiment and identify stocks with the most positive news coverage. The process begins by screening US-listed equity securities based on capitalization, volatility, ROE, news coverage volume, and inclusion in Zacks sector and industry classifications. Selections are made based on the sentiment signal, which also integrates a sentiment momentum signal indicating shifts in investor sentiment over time. After the screening, the portfolio typically comprises the top 30 to 50 stocks, all equally weighted. Throughout this process, the fund prioritizes reliability, gathering information from reputable news outlets such as Zacks, Motley Fool, and CNBC. The fund is rebalanced and reconstituted monthly.
Grade (RS Rating)
Last Trade
$29.56
Average Daily Volume
6,142
30
IHI
iShares U.S. Medical Devices ETF
IHI Description
The investment seeks to track the investment results of an index composed of U.S. equities in the medical devices sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Medical Equipment Index (the "underlying index"), which measures the performance of the medical equipment sector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$60.35
Average Daily Volume
474,243
48
Performance
| Period | NEWZ | IHI |
|---|---|---|
| 30 Days | 5.23% | 1.53% |
| 60 Days | 5.45% | 1.70% |
| 90 Days | 7.17% | 3.82% |
| 12 Months | 21.31% |
NEWZ Overweight 28 Positions Relative to IHI
| Symbol | Grade | Weight | |
|---|---|---|---|
| TT | A | 4.23% | |
| MSI | B | 3.81% | |
| FTNT | C | 3.73% | |
| SHOP | B | 3.7% | |
| KKR | A | 3.59% | |
| ANET | C | 3.5% | |
| NTAP | C | 3.48% | |
| BR | A | 3.44% | |
| APH | A | 3.44% | |
| TXRH | C | 3.39% | |
| GRMN | B | 3.37% | |
| CORT | B | 3.35% | |
| PAYX | C | 3.35% | |
| BOOT | D | 3.33% | |
| COR | B | 3.33% | |
| PCTY | B | 3.29% | |
| ACN | C | 3.29% | |
| CHKP | D | 3.28% | |
| ERIE | D | 3.26% | |
| CLH | B | 3.26% | |
| UTHR | C | 3.19% | |
| TSM | B | 3.15% | |
| DGX | A | 3.14% | |
| ORCL | B | 3.02% | |
| JKHY | D | 3.01% | |
| BRO | B | 2.88% | |
| BMI | B | 2.69% | |
| BAH | F | 2.48% |
NEWZ Underweight 46 Positions Relative to IHI
| Symbol | Grade | Weight | |
|---|---|---|---|
| ABT | B | -16.82% | |
| SYK | C | -11.15% | |
| BSX | B | -4.67% | |
| EW | C | -4.42% | |
| GEHC | F | -4.38% | |
| MDT | D | -4.31% | |
| BDX | F | -4.29% | |
| IDXX | F | -3.82% | |
| DXCM | D | -3.56% | |
| ZBH | C | -2.69% | |
| STE | F | -2.54% | |
| PODD | C | -2.14% | |
| HOLX | D | -2.14% | |
| BAX | D | -1.91% | |
| PEN | B | -1.08% | |
| GMED | A | -1.07% | |
| TFX | F | -1.06% | |
| GKOS | B | -0.89% | |
| MASI | A | -0.83% | |
| INSP | D | -0.6% | |
| PRCT | B | -0.54% | |
| ITGR | B | -0.52% | |
| AXNX | C | -0.42% | |
| NVST | B | -0.41% | |
| LIVN | F | -0.33% | |
| TMDX | F | -0.31% | |
| NARI | C | -0.3% | |
| ENOV | C | -0.3% | |
| IRTC | D | -0.29% | |
| CNMD | C | -0.26% | |
| QDEL | F | -0.25% | |
| OMCL | C | -0.25% | |
| LMAT | A | -0.24% | |
| TNDM | F | -0.21% | |
| ATRC | C | -0.2% | |
| NVCR | C | -0.19% | |
| IART | C | -0.18% | |
| AORT | B | -0.12% | |
| ATEC | C | -0.1% | |
| OFIX | B | -0.08% | |
| AXGN | D | -0.07% | |
| VREX | C | -0.07% | |
| SIBN | F | -0.06% | |
| SRDX | B | -0.06% | |
| FNA | C | -0.05% | |
| TMCI | D | -0.04% |
NEWZ: Top Represented Industries & Keywords
IHI: Top Represented Industries & Keywords
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