Is BULZ a Buy? What to Consider in 2026
Last updated July 2026
Short answer
The case for BULZ is simple: low-cost, diversified exposure to Solactive FANG Innovation Index (3x leveraged, daily reset) at a 0.95% expense ratio, anchored by names like AMZN, TSLA, NFLX. If that is the exposure you want and you do not already own most of it through another fund, BULZ is a strong core holding. The catch is concentration in its top names and overlap with broad-market funds you may already hold. Whether it is a buy comes down to whether you want Solactive FANG Innovation Index (3x leveraged, daily reset) and at what cost. Not a recommendation; Walnut is not an investment adviser.
What are you buying with BULZ?
Seeks 3x the daily performance of the Solactive FANG Innovation Index, an equal-ish basket of large tech and growth companies. Leverage is reset daily, so multi-day returns diverge from 3x the index due to compounding. Structured as an unsecured exchange-traded note issued by BMO Capital Markets, adding issuer credit risk.
Largest holdings (approximate as of July 2026; verify on BMO Capital Markets's fund page):
| Rank | Ticker | Company | % of BULZ | |
|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | 7.13% | |
| 2 | TSLA | Tesla Inc | 7.02% | |
| 3 | NFLX | Netflix Inc | 6.99% | |
| 4 | GOOGL | Alphabet Inc Class A | 6.99% | |
| 5 | MSFT | Microsoft Corp | 6.93% | |
| 6 | META | Meta Platforms Inc Class A | 6.89% | |
| 7 | AMD | Advanced Micro Devices Inc | 6.76% | |
| 8 | PLTR | Palantir Technologies Inc Ordinary Shares - Class A | 6.69% | |
| 9 | AVGO | Broadcom Inc | 6.56% | |
| 10 | AAPL | Apple Inc | 6.55% |
What's the case for BULZ?
BULZ is the MicroSectors Solactive FANG Innovation 3X Leveraged ETN, an exchange-traded note that seeks 3x the daily return of the Solactive FANG Innovation Index (Amazon, Tesla, Netflix, Alphabet, Microsoft, Meta, AMD, Palantir, Broadcom, Apple). It resets its leverage every day, so it is a short-term trading instrument, not a buy-and-hold fund, and over multi-day periods its return can diverge sharply from 3x the index because of compounding. As an unsecured note issued by BMO Capital Markets, it also carries the credit risk of the issuer.
In its favour: it gives you Solactive FANG Innovation Index (3x leveraged, daily reset) exposure in one ticker at a 0.95% expense ratio, which is simple to hold and cheap to own.
What should you weigh before buying BULZ?
- Cost vs alternatives: 0.95% is the fee; compare it to funds tracking a similar index.
- Concentration: check how much of BULZ sits in its largest holdings (AMZN, TSLA, NFLX).
- Overlap: if you already own a broad-market fund, you may already hold much of this.
- Tracking scope: BULZ only gives you Solactive FANG Innovation Index (3x leveraged, daily reset); it will not capture what sits outside that index.
How do you decide if BULZ is a buy?
The useful question is rarely “will BULZ go up?” It is “does this exposure fit my plan, at a cost I am happy with, without doubling up on what I already own?” Walnut connects your real brokerage so you can see exactly how BULZ would overlap with your current holdings, analyze it by chatting through Claude or ChatGPT, and place any trade yourself. You stay in control.
The bottom line on BULZ
The bottom line: BULZ is a low-cost core building block for Solactive FANG Innovation Index (3x leveraged, daily reset) exposure, not a tactical bet on a single name. If you want Solactive FANG Innovation Index (3x leveraged, daily reset) exposure and the 0.95% fee is competitive for you, it does its job well. If you already own that exposure through another fund, adding it mostly doubles a fee without adding diversification. Decide from your goal and your existing holdings, not from where the market sat last week. Walnut is not an investment adviser.
Build a portfolio around BULZ with Walnut
Use BULZ as your core holding, then let Walnut's AI propose thematic satellites: AI infrastructure, dividend growth, clean energy, whatever you believe in. Connect your broker, build the basket in conversation, track it as one unit.
FAQ
Is BULZ a good ETF to buy?
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Walnut is informational, not investment advice. Whether BULZ fits depends on your goals, time horizon, and what you already hold. It tracks Solactive FANG Innovation Index (3x leveraged, daily reset) at a 0.95% expense ratio, so the questions that matter are whether you want that exposure, whether you already own it through another fund, and whether the cost is competitive for what it does.
What does BULZ actually hold?
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BULZ tracks Solactive FANG Innovation Index (3x leveraged, daily reset). Its largest positions include AMZN, TSLA, NFLX, GOOGL, MSFT and others (approximate, verify on BMO Capital Markets's fund page). The holdings are what you are really buying, not the ticker.
What is BULZ's expense ratio?
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0.95% as of July 2026. Over decades, the expense ratio is one of the few things you can control, so it is worth comparing against close alternatives that track a similar index.
Does BULZ pay a dividend?
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BULZ distributes a dividend with an approximate yield of 0.00% (July 2026). See the BULZ dividend page for how distributions work. Verify the current figure with BMO Capital Markets.
What are the risks of buying BULZ?
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Like any index ETF, weigh concentration (how much sits in the top holdings), overlap with funds you already own, and whether Solactive FANG Innovation Index (3x leveraged, daily reset) matches the exposure you actually want. BULZ only gives you Solactive FANG Innovation Index (3x leveraged, daily reset), not what sits outside it.
How do I decide if BULZ is right for me?
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Start from your goal, then check four things: what BULZ holds, its cost versus alternatives, how much it overlaps with what you already own, and whether the exposure fits your time horizon and risk tolerance. Walnut can analyze the overlap against your real holdings; you keep your broker and approve any trade.
Walnut is informational, not investment advice. Figures are approximations stamped to July 2026; verify current data with BMO Capital Markets or your broker. Nothing here is a recommendation to buy, sell, or hold any security.