BNKD vs. BPAY ETF Comparison

Comparison of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) to BlackRock Future Financial and Technology ETF (BPAY)

BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD Description

The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$18.23

Average Daily Volume

53,265

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$24.37

Average Daily Volume

292

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	BNKD	BPAY
30 Days	-16.72%	-4.24%
60 Days	-15.41%	6.40%
90 Days	-21.76%	3.36%
12 Months	-59.53%	26.86%

1 Overlapping Holdings

	Symbol	Grade	Weight in BNKD	Weight in BPAY	Overlap
	SCHW	D	10.0%	4.01%	4.01%

BNKD Overweight 9 Positions Relative to BPAY

	Symbol	Grade	Weight
	WFC	D	10.0%
	USB	C	10.0%
	TFC	D	10.0%
	PNC	C	10.0%
	MS	B	10.0%
	JPM	D	10.0%
	GS	C	10.0%
	C	B	10.0%
	BAC	D	10.0%

BNKD Underweight 7 Positions Relative to BPAY

	Symbol	Grade	Weight
	DFS	C	-5.19%
	GPN	F	-4.97%
	PYPL	C	-4.66%
	SYF	B	-4.34%
	FI	A	-3.76%
	KSPI	F	-3.65%
	WEX	C	-3.63%

BNKD: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Capital Markets

Keywords: S&P 500 Bank Banking Investment Bank Cash Management Investment Banking Asset Management Services Brokerage Financial Advisory Services Financial Products Investment Management Services Investment Product Lending Products Portfolio Management Primary Dealers Trade Finance Transaction Services Wealth Management Asset Management Cash Management Services

BPAY: Top Represented Industries & Keywords

Industries: Business Services Credit Services Capital Markets Software - Infrastructure

Keywords: S&P 500 Payment Systems Credit Card Debit Card Deposit Products E-Commerce Bank Global Payments Individual Retirement Account Mobile Payments Nasdaq 100 Payment Card Payment Solutions Transaction Processing Transaction Processing Services Audiology Bank Account Banking Banking Products Broker Dealer