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BERZ vs. BULZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BERZ vs. BULZ

Last updated May 16, 2025

Compare and contrast key facts about MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ).

BERZ and BULZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BERZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. BULZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. Both BERZ and BULZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BERZ or BULZ.

Correlation

The correlation between BERZ and BULZ is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

BERZ vs. BULZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BERZ:

-0.70

BULZ:

0.05

Sortino Ratio

BERZ:

-1.01

BULZ:

0.90

Omega Ratio

BERZ:

0.87

BULZ:

1.12

Calmar Ratio

BERZ:

-0.73

BULZ:

0.17

Martin Ratio

BERZ:

-1.63

BULZ:

0.45

Ulcer Index

BERZ:

44.39%

BULZ:

30.54%

Daily Std Dev

BERZ:

100.27%

BULZ:

99.11%

Max Drawdown

BERZ:

-98.43%

BULZ:

-94.44%

Current Drawdown

BERZ:

-98.40%

BULZ:

-59.35%

Returns By Period

In the year-to-date period, BERZ achieves a -43.57% return, which is significantly lower than BULZ's -13.22% return.

BERZ

YTD

-43.57%

1M

-45.29%

6M

-46.34%

1Y

-69.70%

5Y*

N/A

10Y*

N/A

BULZ

YTD

-13.22%

1M

63.87%

6M

-15.26%

1Y

5.04%

5Y*

N/A

10Y*

N/A

*Annualized

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BERZ vs. BULZ - Expense Ratio Comparison

Both BERZ and BULZ have an expense ratio of 0.95%.

BERZ
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

Risk-Adjusted Performance

BERZ vs. BULZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BERZ
The Risk-Adjusted Performance Rank of BERZ is 11
Overall Rank
The Sharpe Ratio Rank of BERZ is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of BERZ is 11
Sortino Ratio Rank
The Omega Ratio Rank of BERZ is 11
Omega Ratio Rank
The Calmar Ratio Rank of BERZ is 00
Calmar Ratio Rank
The Martin Ratio Rank of BERZ is 11
Martin Ratio Rank
BULZ
The Risk-Adjusted Performance Rank of BULZ is 3636
Overall Rank
The Sharpe Ratio Rank of BULZ is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of BULZ is 5555
Sortino Ratio Rank
The Omega Ratio Rank of BULZ is 5353
Omega Ratio Rank
The Calmar Ratio Rank of BULZ is 2828
Calmar Ratio Rank
The Martin Ratio Rank of BULZ is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BERZ vs. BULZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

The current BERZ Sharpe Ratio is -0.70, which is lower than the BULZ Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of BERZ and BULZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

BERZ vs. BULZ - Dividend Comparison

Neither BERZ nor BULZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BERZ vs. BULZ - Drawdown Comparison

The maximum BERZ drawdown since its inception was -98.43%, roughly equal to the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for BERZ and BULZ. For additional features, visit the drawdowns tool.

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Volatility

BERZ vs. BULZ - Volatility Comparison

MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 30.79% compared to MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) at 29.18%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than BULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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