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MicroSectors FANG & Innovation 3x Leveraged ETN

BULZ
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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)
$24,414,962
AUM
$329,782,428
Associated Index
Solactive FANG Innovation Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

Invest with BULZ

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.

ETFs related toBULZ

ETFs correlated to BULZ include IGM, QQQM, TQQQ

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

Automated Strategies
Related toBULZ

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

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Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

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.

The top holdings for BULZ include

BULZ has total holdings.

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 0.819%. This is the percent change in the value of BULZ over the most recent 1-month period. The 3-month return on BULZ is 0.8286%. 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 1.2506%. 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 TNA, TZA, and SH.

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

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

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.

Yes, BULZ is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive FANG Innovation Index, but move 3x in the opposite direction.

Disclaimers

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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.