WCBR vs. BERZ ETF Comparison

Comparison of WisdomTree Cybersecurity Fund (WCBR) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

WCBR

WisdomTree Cybersecurity Fund

WCBR Description

The investment seeks to track the price and yield performance of the WisdomTree Team8 Cybersecurity Index. The index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primarily involved in cybersecurity and security-oriented technology that generate a meaningful part of their revenue from cybersecurity activities and are experiencing revenue growth. To the extent the index concentrates in the securities of a particular industry or group of industries, the fund will concentrate its investments to approximately the same extent as the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.61

Average Daily Volume

19,914

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

$14.33

Average Daily Volume

105,192

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WCBR	BERZ
30 Days	9.28%	-14.14%
60 Days	13.17%	-23.70%
90 Days	10.08%	-27.15%
12 Months	30.49%	-70.21%

1 Overlapping Holdings

	Symbol	Grade	Weight in WCBR	Weight in BERZ	Overlap
	PANW	B	5.13%	6.67%	5.13%

WCBR Overweight 21 Positions Relative to BERZ

Symbol	Grade	Weight
CRWD	B	5.95%
FTNT	C	5.78%
ZS	B	5.53%
RPD	B	5.5%
S	B	5.49%
ESTC	C	5.37%
NET	B	5.25%
DDOG	A	5.15%
CYBR	A	4.7%
OKTA	C	4.69%
TENB	C	4.68%
HCP	B	4.42%
QLYS	B	4.03%
CVLT	B	3.97%
FFIV	B	3.96%
RBRK	A	3.59%
CHKP	C	3.07%
AKAM	D	3.02%
FSLY	D	2.89%
VRNS	D	2.49%
OSPN	A	1.59%

WCBR Underweight 14 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	B	-6.67%
CRM	B	-6.67%
NVDA	B	-6.67%
NFLX	A	-6.67%
MU	D	-6.67%
INTC	C	-6.67%
GOOGL	C	-6.67%
AVGO	D	-6.67%
AMZN	C	-6.67%
AMD	F	-6.67%
ADBE	C	-6.67%
AAPL	C	-6.67%
MSFT	D	-6.67%
META	D	-6.67%

WCBR: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Telecom Services