IVES vs. BTEK
Compare and contrast key facts about Wedbush ETFMG Global Cloud Technology ETF (IVES) and Future Tech ETF (BTEK).
IVES and BTEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVES is a passively managed fund by ETFMG that tracks the performance of the Dan Ives Global Cloud Technology Prime Index. It was launched on Mar 8, 2016. BTEK is an actively managed fund by Blackrock Financial Management. It was launched on Sep 29, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVES or BTEK.
Key characteristics
| IVES | BTEK |
|---|
Correlation
The correlation between IVES and BTEK is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IVES vs. BTEK - Performance Comparison
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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IVES vs. BTEK - Expense Ratio Comparison
IVES has a 0.68% expense ratio, which is lower than BTEK's 0.88% expense ratio.
Risk-Adjusted Performance
IVES vs. BTEK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wedbush ETFMG Global Cloud Technology ETF (IVES) and Future Tech ETF (BTEK). 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
IVES vs. BTEK - Dividend Comparison
IVES's dividend yield for the trailing twelve months is around 0.02%, while BTEK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
IVES Wedbush ETFMG Global Cloud Technology ETF | 0.02% | 0.00% | 0.00% | 0.00% | 0.39% | 1.16% | 0.38% | 1.02% | 0.64% |
BTEK Future Tech ETF | 100.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IVES vs. BTEK - Drawdown Comparison
Volatility
IVES vs. BTEK - Volatility Comparison
Wedbush ETFMG Global Cloud Technology ETF (IVES) has a higher volatility of 5.97% compared to Future Tech ETF (BTEK) at 0.00%. This indicates that IVES's price experiences larger fluctuations and is considered to be riskier than BTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.