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 that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. BERZ is a passively managed fund by BMO 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.
Performance
BULZ vs. BERZ - Performance Comparison
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BULZ vs. BERZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | -32.23% | 60.09% | 54.09% | 394.22% | -92.26% | 12.62% |
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 19.74% | -78.81% | -65.95% | -89.12% | 102.85% | -30.19% |
Returns By Period
In the year-to-date period, BULZ achieves a -32.23% return, which is significantly lower than BERZ's 19.74% return.
BULZ
- 1D
- 15.12%
- 1M
- -15.60%
- YTD
- -32.23%
- 6M
- -31.80%
- 1Y
- 68.79%
- 3Y*
- 56.38%
- 5Y*
- —
- 10Y*
- —
BERZ
- 1D
- -14.87%
- 1M
- 7.73%
- YTD
- 19.74%
- 6M
- -4.91%
- 1Y
- -79.02%
- 3Y*
- -70.51%
- 5Y*
- —
- 10Y*
- —
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BULZ vs. BERZ - Expense Ratio Comparison
Both BULZ and BERZ have an expense ratio of 0.95%.
Return for Risk
BULZ vs. BERZ — Risk / Return Rank
BULZ
BERZ
BULZ vs. BERZ - Risk-Adjusted Trends 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.
| BULZ | BERZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | -0.84 | +1.59 |
Sortino ratioReturn per unit of downside risk | 1.54 | -1.52 | +3.06 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.81 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.88 | +2.09 |
Martin ratioReturn relative to average drawdown | 3.28 | -1.00 | +4.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BULZ | BERZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | -0.84 | +1.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.66 | +0.58 |
Correlation
The correlation between BULZ and BERZ 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.
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%, smaller than the maximum BERZ drawdown of -99.46%. Use the drawdown chart below to compare losses from any high point for BULZ and BERZ.
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Drawdown Indicators
| BULZ | BERZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -99.46% | +5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -89.01% | +34.79% |
Current DrawdownCurrent decline from peak | -49.18% | -99.28% | +50.10% |
Average DrawdownAverage peak-to-trough decline | -60.16% | -70.50% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.05% | 78.74% | -58.69% |
Volatility
BULZ vs. BERZ - Volatility Comparison
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) have volatilities of 28.82% and 29.36%, 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.
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Volatility by Period
| BULZ | BERZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.82% | 29.36% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 60.39% | 61.12% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.38% | 94.14% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.57% | 92.55% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.57% | 92.55% | -0.98% |