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MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ
$--
Today’s Change
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Snapshot
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Inception Date
Aug 17 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Bank of Montreal
Volume (1m avg. daily)
$5,662,447
AUM
$10,575,450
Associated Index
Solactive FANG Innovation Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

Invest with BERZ

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.

ETFs related toBERZ

ETFs correlated to BERZ include QID, SQQQ, PSQ

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

Automated Strategies
Related toBERZ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Can contain

BERZSSO

Create your own algorithmic trading strategy with BERZ using Composer

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.