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

BULZ vs. BERZ

Last updated May 15, 2025

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. 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

BULZ vs. BERZ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

BULZ:

0.13

BERZ:

-0.72

Sortino Ratio

BULZ:

0.95

BERZ:

-1.06

Omega Ratio

BULZ:

1.13

BERZ:

0.87

Calmar Ratio

BULZ:

0.22

BERZ:

-0.74

Martin Ratio

BULZ:

0.58

BERZ:

-1.65

Ulcer Index

BULZ:

30.48%

BERZ:

44.34%

Daily Std Dev

BULZ:

99.11%

BERZ:

100.28%

Max Drawdown

BULZ:

-94.44%

BERZ:

-98.43%

Current Drawdown

BULZ:

-58.56%

BERZ:

-98.43%

Returns By Period

In the year-to-date period, BULZ achieves a -11.55% return, which is significantly higher than BERZ's -44.47% return.

BULZ

YTD

-11.55%

1M

69.52%

6M

-15.96%

1Y

13.11%

5Y*

N/A

10Y*

N/A

BERZ

YTD

-44.47%

1M

-46.89%

6M

-45.77%

1Y

-71.87%

5Y*

N/A

10Y*

N/A

*Annualized

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BULZ vs. BERZ - Expense Ratio Comparison

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

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

Risk-Adjusted Performance

BULZ vs. BERZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BULZ
The Risk-Adjusted Performance Rank of BULZ is 3737
Overall Rank
The Sharpe Ratio Rank of BULZ is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of BULZ is 5656
Sortino Ratio Rank
The Omega Ratio Rank of BULZ is 5454
Omega Ratio Rank
The Calmar Ratio Rank of BULZ is 2929
Calmar Ratio Rank
The Martin Ratio Rank of BULZ is 2424
Martin Ratio Rank
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 00
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.

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.

The current BULZ Sharpe Ratio is 0.13, which is higher than the BERZ Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of BULZ and BERZ, 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

BULZ vs. BERZ - Dividend Comparison

Neither BULZ nor BERZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BULZ vs. BERZ - Drawdown Comparison

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

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Volatility

BULZ vs. BERZ - Volatility Comparison

The current volatility for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is 28.86%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 30.48%. 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.

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