BERZ vs. BULZ
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.
Key characteristics
| BERZ | BULZ | |
|---|---|---|
| YTD Return | -66.16% | 67.17% |
| 1Y Return | -75.55% | 121.79% |
| 3Y Return (Ann) | -57.62% | -18.22% |
| Sharpe Ratio | -1.09 | 1.99 |
| Sortino Ratio | -2.39 | 2.30 |
| Omega Ratio | 0.75 | 1.31 |
| Calmar Ratio | -0.80 | 1.81 |
| Martin Ratio | -1.47 | 7.06 |
| Ulcer Index | 52.88% | 19.85% |
| Daily Std Dev | 71.00% | 70.13% |
| Max Drawdown | -97.18% | -94.44% |
| Current Drawdown | -97.18% | -49.18% |
Correlation
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.
Performance
BERZ vs. BULZ - Performance Comparison
In the year-to-date period, BERZ achieves a -66.16% return, which is significantly lower than BULZ's 67.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BERZ vs. BULZ - Expense Ratio Comparison
Both BERZ and BULZ have an expense ratio of 0.95%.
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.
Dividends
BERZ vs. BULZ - Dividend Comparison
Neither BERZ nor BULZ has paid dividends to shareholders.
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.
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 22.38% and 21.69%, 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.