NEWZ vs. PSP ETF Comparison
Comparison of StockSnips AI-Powered Sentiment US All Cap ETF (NEWZ) to PowerShares Listed Private Equity (PSP)
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
$29.46
Average Daily Volume
6,121
30
PSP
PowerShares Listed Private Equity
PSP Description
The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$70.34
Average Daily Volume
16,610
26
Performance
| Period | NEWZ | PSP |
|---|---|---|
| 30 Days | 1.08% | 0.74% |
| 60 Days | 4.35% | 2.35% |
| 90 Days | 6.26% | 8.91% |
| 12 Months | 37.94% |
1 Overlapping Holdings
| Symbol | Grade | Weight in NEWZ | Weight in PSP | Overlap | |
|---|---|---|---|---|---|
| KKR | B | 3.59% | 5.63% | 3.59% |
NEWZ Overweight 29 Positions Relative to PSP
| Symbol | Grade | Weight | |
|---|---|---|---|
| TT | A | 4.23% | |
| MSI | A | 3.81% | |
| FTNT | B | 3.73% | |
| SHOP | B | 3.7% | |
| ANET | D | 3.5% | |
| NTAP | C | 3.48% | |
| BR | B | 3.44% | |
| APH | B | 3.44% | |
| TXRH | B | 3.39% | |
| GRMN | B | 3.37% | |
| ISRG | A | 3.36% | |
| CORT | B | 3.35% | |
| PAYX | B | 3.35% | |
| BOOT | D | 3.33% | |
| COR | B | 3.33% | |
| PCTY | B | 3.29% | |
| ACN | B | 3.29% | |
| CHKP | C | 3.28% | |
| ERIE | D | 3.26% | |
| CLH | C | 3.26% | |
| UTHR | C | 3.19% | |
| TSM | C | 3.15% | |
| DGX | A | 3.14% | |
| RMD | C | 3.14% | |
| ORCL | A | 3.02% | |
| JKHY | D | 3.01% | |
| BRO | B | 2.88% | |
| BMI | B | 2.69% | |
| BAH | F | 2.48% |
NEWZ Underweight 25 Positions Relative to PSP
| Symbol | Grade | Weight | |
|---|---|---|---|
| TPG | A | -5.92% | |
| BX | A | -5.61% | |
| CG | B | -4.75% | |
| OWL | A | -3.82% | |
| HLNE | B | -3.06% | |
| ARCC | A | -3.02% | |
| STEP | B | -2.63% | |
| GHC | B | -1.45% | |
| IAC | D | -1.21% | |
| BBUC | B | -1.16% | |
| FSK | A | -0.93% | |
| CODI | B | -0.75% | |
| BXSL | A | -0.69% | |
| GBDC | B | -0.69% | |
| PX | A | -0.54% | |
| CNNE | B | -0.49% | |
| HTGC | D | -0.48% | |
| MAIN | A | -0.48% | |
| SLRC | A | -0.23% | |
| BBDC | A | -0.22% | |
| BCSF | C | -0.22% | |
| NMFC | D | -0.21% | |
| GSBD | F | -0.21% | |
| TSLX | C | -0.21% | |
| CSWC | D | -0.2% |
NEWZ: Top Represented Industries & Keywords
PSP: Top Represented Industries & Keywords
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