Trading--Inverse Equity · NYSE ARCA · USD · Data as of 2026-07-30
AUM
$8.10M
Expense ratio
0.95%
Yield
0.00%
YTD return
-59.27%
Last price
$34.38
Leveraged · Coverage 75% · medium
Today
55.3
Outlook
40.9
Block A (composite-derived)
24.7
Block C (market behavior)
65.2
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
24.7
Coverage 75% · medium
Liquidity
25.0
Expenses
45.0
Performance
10.8
Volatility
29.4
Dividend
7.2
Concentration
25.0
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs (BERZ) is an exchange-traded fund from BMO Capital Markets in the Mixed asset class. Launched in 2021. Assets under management: 11,863,031.
Bullish Whales composite rating: 25 out of 100. Evidence coverage 75% across 6 of 8 axes. Strongest axes: expenses, volatility, liquidity.
Annualized one-year realized volatility 76%, classified high. Weakest axes: dividend, performance.
Top-10 weight 1%, diversified, led by INTC.
etf_composite_score_current · composite_score, confidence, coverage_pct, dividend_score, expenses_score, liquidity_score, performance_score, volatility_scoreetf_holdings_top10 · holding_symbol, weightetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, ticker, volatility_1yThe MicroSectors FANG & Innovation -3X Leveraged ETNs are specialized exchange-traded notes designed to provide investors with highly amplified exposure to a segment of the technology and innovation sector. Specifically, these ETNs offer a daily-rebalanced exposure at three times the inverse of the performance of the FANG+ index, which includes big names in the internet and technological innovation industries such as Facebook/Meta, Apple, Amazon, Netflix, and Google/Alphabet, among others. With this unique structure, the MicroSectors FANG & Innovation -3X Leveraged ETNs enable traders to gain from a decline in the stock prices of these influential companies over a short-term period. Highly leveraged and inherently volatile, these ETNs are primarily aimed at experienced investors who actively engage in day trading and possess the capacity to tolerate significant risks. They are notable for the strategic opportunities they offer in hedging against downward movements in the market for major tech giants, thereby providing a dynamic vehicle for responsive trading strategies. In the broader market, these ETNs play a crucial role in allowing market participants to speculate or hedge against adverse trends in the rapidly evolving tech landscape.
30-day change
$1.38M
90-day change
—
Current AUM: $8,097,298. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
Fund documents (fact sheets, prospectuses, semi-annual reports) for BERZ are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.