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BERZ ETF — MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs (BERZ)
Updated October 16, 2026.
BERZ is an ETF. its expense ratio is 0.95%. Total return is -99.6% over the past 5.2 years, 186.0 points behind SPY at 86.4%.
This is a leveraged inverse ETF that seeks to deliver three times the opposite daily performance of the Solactive FANG & Innovation Index, making it designed for traders seeking to profit from declines in a basket of technology and innovation-focused stocks. The fund does not distribute income to shareholders. It carries an expense ratio of 0.95% and trades on a modest asset base.
BERZ holdings and sector exposure
Holdings are not available for this snapshot.
BERZ performance versus SPY
Price and return data through 2026-10-16.
Total return is -99.6% over the past 5.2 years, 186.0 points behind SPY at 86.4%. Over the past year its total return — price change plus distributions reinvested — is -68.5%. Its deepest 1-year drawdown was 80.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.9% | — |
| 3M | -21.5% | — |
| 6M | -48.0% | — |
| YTD | -64.3% | — |
| 1Y | -68.5% | — |
| 2Y CAGR | — | -75.80% |
| 3Y CAGR | — | -75.20% |
| 5Y CAGR | — | -65.80% |
| Since inception (5.2 years) | -99.6% | -65.70% |
BERZ key facts
- Issuer
- REX Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 08/17/2021
- Expense ratio
- 0.95%
- Distribution frequency
- None
- Last close
- $20.25 (as of 2026-10-16)
- AUM
- $5,724,192
- Average volume
- 115083.0
- Beta
- -4.09
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: REX Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BERZ risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 80.6%.
Who may consider BERZ — and who may not
It is a weaker fit for investors who need monthly cash flow (BERZ does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on BERZ
Frequently asked questions
Does BERZ pay monthly?
No. BERZ does not currently distribute.
What is BERZ's expense ratio?
BERZ's expense ratio is 0.95%.
When does BERZ pay a dividend?
BERZ does not currently distribute.
How has BERZ performed?
Total return is -99.6% over the past 5.2 years, 186.0 points behind SPY at 86.4%. Over the past year its total return — price change plus distributions reinvested — is -68.5%. Its deepest 1-year drawdown was 80.6%.
More securities from REX Shares.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
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