REW vs. BERZ ETF Comparison

Comparison of ProShares UltraShort Technology (REW) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$14.43

Average Daily Volume

16,187

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$28.50

Average Daily Volume

83,986

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REW	BERZ
30 Days	4.54%	10.47%
60 Days	7.90%	9.62%
90 Days	-0.47%	-6.25%
12 Months	-47.17%	-81.47%

12 Overlapping Holdings

Symbol	Grade	Weight in REW	Weight in BERZ	Overlap
AAPL	C	18.06%	6.67%	6.67%
ADBE	D	2.51%	6.67%	2.51%
AMD	D	0.84%	6.67%	0.84%
AVGO	D	1.82%	6.67%	1.82%
CRM	D	2.4%	6.67%	2.4%
GOOGL	A	5.25%	6.67%	5.25%
INTC	F	3.85%	6.67%	3.85%
META	D	4.46%	6.67%	4.46%
MSFT	C	17.29%	6.67%	6.67%
MU	B	0.95%	6.67%	0.95%
NVDA	C	2.26%	6.67%	2.26%
QCOM	A	1.63%	6.67%	1.63%

REW Overweight 76 Positions Relative to BERZ

Symbol	Grade	Weight
GOOG	A	5.24%
CSCO	F	3.09%
TXN	A	1.83%
IBM	D	1.82%
ORCL	D	1.77%
INTU	C	1.09%
NOW	D	0.87%
AMAT	C	0.86%
LRCX	D	0.66%
ADI	A	0.65%
ADSK	D	0.63%
CTSH	F	0.51%
HPQ	D	0.48%
MSI	A	0.45%
WDAY	D	0.44%
KLAC	B	0.42%
EBAY	C	0.41%
MCHP	A	0.39%
PANW	B	0.35%
SNPS	D	0.34%
ANSS	D	0.34%
VRSN	F	0.33%
CDNS	D	0.31%
SWKS	F	0.31%
IAC	C	0.3%
WDC	B	0.3%
VEEV	D	0.29%
HPE	D	0.29%
CDW	F	0.29%
MRVL	D	0.28%
FTNT	F	0.25%
AKAM	F	0.23%
PAYC	F	0.22%
TWLO	C	0.22%
SNAP	B	0.22%
SSNC	C	0.21%
STX	D	0.21%
OKTA	D	0.21%
NTAP	C	0.21%
GRMN	A	0.21%
IT	D	0.21%
RNG	D	0.21%
QRVO	F	0.2%
LDOS	A	0.2%
LUMN	F	0.2%
GDDY	A	0.19%
EPAM	D	0.19%
ANET	D	0.18%
TYL	A	0.18%
BAH	B	0.17%
TTD	B	0.17%
FICO	D	0.17%
TER	A	0.17%
DOX	F	0.15%
ON	F	0.15%
DXC	F	0.14%
GWRE	C	0.14%
AZPN	C	0.14%
OLED	C	0.13%
DOCU	B	0.13%
DELL	B	0.12%
JNPR	D	0.12%
FFIV	F	0.12%
PTC	D	0.12%
HUBS	D	0.11%
DAY	F	0.11%
MPWR	C	0.11%
ENTG	D	0.11%
CIEN	D	0.1%
CACI	A	0.1%
XRX	F	0.1%
LITE	D	0.09%
SNX	A	0.09%
Z	F	0.09%
ETSY	F	0.09%
MKSI	D	0.09%

REW Underweight 3 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	D	-6.67%
AMZN	A	-6.67%
NFLX	D	-6.67%