PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BERZ vs. BULZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-41.38%
18.46%
BERZ
BULZ

Returns By Period

In the year-to-date period, BERZ achieves a -63.13% return, which is significantly lower than BULZ's 52.31% return.


BERZ

YTD

-63.13%

1M

-12.61%

6M

-41.34%

1Y

-70.12%

5Y (annualized)

N/A

10Y (annualized)

N/A

BULZ

YTD

52.31%

1M

7.65%

6M

18.47%

1Y

81.39%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


BERZBULZ
Sharpe Ratio-0.981.10
Sortino Ratio-1.831.65
Omega Ratio0.801.22
Calmar Ratio-0.711.01
Martin Ratio-1.333.84
Ulcer Index52.16%20.06%
Daily Std Dev71.13%70.18%
Max Drawdown-97.18%-94.44%
Current Drawdown-96.93%-53.70%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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
Expense ratio chart for BERZ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BULZ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.0-1.0

The correlation between BERZ and BULZ is -1.00. 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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for BERZ, currently valued at -0.98, compared to the broader market0.002.004.00-0.981.10
The chart of Sortino ratio for BERZ, currently valued at -1.83, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.831.65
The chart of Omega ratio for BERZ, currently valued at 0.80, compared to the broader market0.501.001.502.002.503.000.801.22
The chart of Calmar ratio for BERZ, currently valued at -0.71, compared to the broader market0.005.0010.0015.00-0.711.01
The chart of Martin ratio for BERZ, currently valued at -1.33, compared to the broader market0.0020.0040.0060.0080.00100.00-1.333.84
BERZ
BULZ

The current BERZ Sharpe Ratio is -0.98, which is lower than the BULZ Sharpe Ratio of 1.10. 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.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.98
1.10
BERZ
BULZ

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 -97.18%, 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.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%JuneJulyAugustSeptemberOctoberNovember
-96.93%
-53.70%
BERZ
BULZ

Volatility

BERZ vs. BULZ - Volatility Comparison

MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) have volatilities of 23.92% and 23.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
23.92%
23.09%
BERZ
BULZ