MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ)
BERZ is a passive ETF by BMO Financial Group tracking the investment results of the Solactive FANG Innovation Index. BERZ launched on Aug 17, 2021 and has a 0.95% expense ratio.
ETF Info
| ISIN | US0636795918 |
|---|---|
| CUSIP | 63679591 |
| Issuer | BMO Financial Group |
| Inception Date | Aug 17, 2021 |
| Region | North America (U.S.) |
| Category | Inverse Equities |
| Leveraged | 1x |
| Index Tracked | Solactive FANG Innovation Index |
| Home Page | www.microsectors.com |
| Asset Class | Equity |
Expense Ratio
BERZ has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BERZ vs. FNGD, BERZ vs. TECS, BERZ vs. QUS, BERZ vs. WEBS, BERZ vs. BULZ, BERZ vs. SOXS, BERZ vs. EDZ, BERZ vs. TECL, BERZ vs. TZA, BERZ vs. VOOG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN had a return of -66.16% year-to-date (YTD) and -75.55% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -66.16% | 25.82% |
| 1 month | -21.35% | 3.20% |
| 6 months | -50.99% | 14.94% |
| 1 year | -75.55% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of BERZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -11.96% | -20.52% | -4.87% | 17.47% | -14.90% | -24.47% | 4.81% | -2.66% | -14.84% | 3.44% | -66.16% | ||
| 2023 | -41.87% | -4.62% | -33.87% | 6.80% | -34.44% | -20.28% | -16.91% | 2.77% | 18.38% | 0.27% | -35.25% | -18.97% | -89.12% |
| 2022 | 32.35% | 6.03% | -18.69% | 73.66% | -11.77% | 36.18% | -40.04% | 19.87% | 45.24% | -15.01% | -30.40% | 37.98% | 102.85% |
| 2021 | -15.10% | 13.02% | -23.37% | -7.41% | 2.54% | -30.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BERZ is 0, indicating that it is in the bottom 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN was 97.18%, occurring on Nov 11, 2024. The portfolio has not yet recovered.
The current MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN drawdown is 97.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -97.18% | Oct 17, 2022 | 521 | Nov 11, 2024 | — | — | — |
| -56.41% | Jun 17, 2022 | 40 | Aug 15, 2022 | 40 | Oct 11, 2022 | 80 |
| -49.8% | Mar 15, 2022 | 11 | Mar 29, 2022 | 19 | Apr 26, 2022 | 30 |
| -38.32% | Oct 5, 2021 | 34 | Nov 19, 2021 | 42 | Jan 21, 2022 | 76 |
| -35.97% | May 12, 2022 | 15 | Jun 2, 2022 | 7 | Jun 13, 2022 | 22 |
Volatility
Volatility Chart
The current MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN volatility is 22.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.