BULZ vs. BERZ
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ).
BULZ and BERZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both BULZ and BERZ 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: BULZ or BERZ.
Correlation
The correlation between BULZ and BERZ is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BULZ vs. BERZ - Performance Comparison
Key characteristics
BULZ:
-0.10
BERZ:
-0.65
BULZ:
0.53
BERZ:
-0.69
BULZ:
1.07
BERZ:
0.91
BULZ:
-0.13
BERZ:
-0.65
BULZ:
-0.36
BERZ:
-1.36
BULZ:
28.66%
BERZ:
46.84%
BULZ:
98.03%
BERZ:
99.19%
BULZ:
-94.44%
BERZ:
-97.97%
BULZ:
-71.21%
BERZ:
-97.64%
Returns By Period
In the year-to-date period, BULZ achieves a -38.55% return, which is significantly lower than BERZ's -16.67% return.
BULZ
-38.55%
-18.34%
-33.91%
-10.77%
N/A
N/A
BERZ
-16.67%
-20.47%
-31.22%
-63.80%
N/A
N/A
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BULZ vs. BERZ - Expense Ratio Comparison
Both BULZ and BERZ have an expense ratio of 0.95%.
Risk-Adjusted Performance
BULZ vs. BERZ — Risk-Adjusted Performance Rank
BULZ
BERZ
BULZ vs. BERZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). 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
BULZ vs. BERZ - Dividend Comparison
Neither BULZ nor BERZ has paid dividends to shareholders.
Drawdowns
BULZ vs. BERZ - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum BERZ drawdown of -97.97%. Use the drawdown chart below to compare losses from any high point for BULZ and BERZ. For additional features, visit the drawdowns tool.
Volatility
BULZ vs. BERZ - Volatility Comparison
The current volatility for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is 59.79%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 73.35%. This indicates that BULZ experiences smaller price fluctuations and is considered to be less risky than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.