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MicroSectors FANG & Innovation 3x Leveraged ETN

BULZ
$
Today’s Change
()

Snapshot
*

Inception Date
Aug 17, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$13,255,402
AUM
$520,759,857
Associated Index
Solactive FANG Innovation Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

What is BULZ?

The return on the notes is linked to a three times leveraged 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

BULZ
Performance Measures**

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

Returns

1M Trailing Return: -5.2%

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

3M Trailing Return: 37.6%

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

Measures of Risk or Volatility

Max Drawdown: -94.4%

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

Standard Deviation: 92.3%

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: 0.49

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: 0.03

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

ETFs related toBULZ

ETFs correlated to BULZ include QQQM, TQQQ, QQQ

BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF

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 toBULZ

CQ | BTC Rally Rider - Minimal Noise

Category

Crypto, bitcoin, trend-following, momentum, tactical allocation, leveraged ETFs, inverse ETFs, volatility, tech, oil, defensive

OOS Cumulative Return

417.78%

What Have I Done.

Category

Tactical rotation, Trend/mean‑reversion, Leveraged ETFs, Crypto sleeve, Volatility hedge, Daily rebalancing

OOS Cumulative Return

336.58%

Create your own algorithmic trading strategy with BULZ using Composer

FAQ

BULZ is a US Equities ETF. The return on the notes is linked to a three times leveraged 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.

BULZ tracks the Solactive FANG Innovation Index.

No, BULZ 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, BULZ 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 BULZ is -0.0154%. This is the percent change in the value of BULZ over the most recent 1-month period. The 3-month return on BULZ is -0.0519%. This is the percent change in the value of BULZ over the most recent 3-month period.

The standard deviation of BULZ for the past year is 0.8795%. 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 BULZ include SSO, TNA, and SPXL.

ETFs correlated to BULZ include QQQM, TQQQ, and QQQ.

ETFs that are inversely correlated to BULZ include BERZ, SQQQ, and QID.

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

No, BULZ is not an inverse ETF.

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.