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ETFs

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 17, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$4,320,086
AUM
$19,125,814
Associated Index
Solactive FANG Innovation Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with BERZ
Trade BERZ Options

What is BERZ?

The return on the notes is linked to a three times Inverse participation in the performance of the Solactive FANG Innovation Index, compounded daily minus the applicable fees. The Index tracks the stock prices of 15 large capitalization U.S. technology stocks, including eight specific core components, which are: Alphabet Inc., Amazon.com, Inc., Apple Inc., Facebook, Inc., Microsoft Corporation, Netflix, Inc., NVIDIA Corporation and Tesla, Inc. The Index is a total return index.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

BERZ
Performance Measures**

for the time period Aug 18, 2021 to Dec 4, 2025

Returns

1M Trailing Return: -3.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -40.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -99.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 92.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.65

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.65

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBERZ

ETFs correlated to BERZ include SQQQ, QID, PSQ

BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toBERZ

Wash Sale Edition: BULZ or BERZ or BIL (from TQQQ or Not)

Category

Tactical allocation, leveraged tech, mean reversion, trend following, bond risk filter, volatility hedge, cash parking

OOS Cumulative Return

60.92%

Create your own algorithmic trading strategy with BERZ using Composer

FAQ

BERZ is a US Equities ETF. The return on the notes is linked to a three times Inverse participation in the performance of the Solactive FANG Innovation Index, compounded daily minus the applicable fees. The Index tracks the stock prices of 15 large capitalization U.S. technology stocks, including eight specific core components, which are: Alphabet Inc., Amazon.com, Inc., Apple Inc., Facebook, Inc., Microsoft Corporation, Netflix, Inc., NVIDIA Corporation and Tesla, Inc. The Index is a total return index.

BERZ tracks the Solactive FANG Innovation Index.

No, BERZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BERZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BERZ is -0.0261%. This is the percent change in the value of BERZ over the most recent 1-month period. The 3-month return on BERZ is -0.0812%. This is the percent change in the value of BERZ over the most recent 3-month period.

The standard deviation of BERZ for the past year is 0.8844%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BERZ include SSO, TNA, and SPXL.

ETFs correlated to BERZ include SQQQ, QID, and PSQ.

ETFs that are inversely correlated to BERZ include BULZ, QQQM, and TQQQ.

Yes, BERZ is a Inverse (-3x) ETF: This means that BERZ will try to match the performance of Solactive FANG Innovation Index, but with 3x the returns.

Yes, BERZ is a Inverse (-3x) leveraged ETF: This means that BERZ will try to match the performance of Solactive FANG Innovation Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.