SATO vs. BERZ ETF Comparison

Comparison of Invesco Alerian Galaxy Crypto Economy ETF (SATO) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

SATO

Invesco Alerian Galaxy Crypto Economy ETF

SATO Description

Invesco Alerian Galaxy Crypto Economy ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund invests in public equity markets of global region. It invests directly and through other funds in stocks of companies operating across digital asset companies, which are companies that are materially engaged in cyrptocurrency, cryptocurrency mining, cryptocurrency buying, or enabling technologies sectors. The fund was formed on October 7, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$12.55

Average Daily Volume

15,595

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	SATO	BERZ
30 Days	-8.72%	10.47%
60 Days	-11.56%	9.62%
90 Days	11.93%	-6.25%
12 Months	86.23%	-81.47%

6 Overlapping Holdings

Symbol	Grade	Weight in SATO	Weight in BERZ	Overlap
AMD	D	0.78%	6.67%	0.78%
GOOGL	A	0.85%	6.67%	0.85%
MSFT	C	0.81%	6.67%	0.81%
MU	B	0.76%	6.67%	0.76%
NVDA	C	0.79%	6.67%	0.79%
TSLA	D	0.85%	6.67%	0.85%

SATO Overweight 19 Positions Relative to BERZ

Symbol	Grade	Weight
RIOT	F	3.9%
CLSK	C	3.87%
WULF	C	3.65%
MARA	D	3.39%
CIFR	B	3.35%
IREN	F	3.27%
BTBT	F	3.11%
APLD	F	3.07%
COIN	D	2.67%
MSTR	D	2.51%
CAN	F	2.32%
GS	A	0.92%
V	D	0.87%
SOFI	F	0.86%
JPM	B	0.85%
PYPL	B	0.84%
TSM	C	0.8%
HOOD	C	0.78%
SQ	D	0.78%

SATO Underweight 9 Positions Relative to BERZ

Symbol	Grade	Weight
ADBE	D	-6.67%
QCOM	A	-6.67%
META	D	-6.67%
INTC	F	-6.67%
CRM	D	-6.67%
AMZN	A	-6.67%
AAPL	C	-6.67%
NFLX	D	-6.67%
AVGO	D	-6.67%