DULL vs. ARP ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043 (DULL) to PMV Adaptive Risk Parity ETF (ARP)

DULL

Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043

DULL Description

The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the ETF on a daily basis. The notes are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day or who have a "buy and hold" strategy.

Grade (RS Rating)

Last Trade

$8.41

Average Daily Volume

18,864

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.79

Average Daily Volume

2,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DULL	ARP
30 Days	-16.45%	1.54%
60 Days	-22.89%	5.10%
90 Days	-30.50%	2.72%
12 Months	-67.53%	19.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in DULL	Weight in ARP	Overlap

DULL Overweight 1 Positions Relative to ARP

	Symbol	Grade	Weight
	GLD	A	100.0%

DULL Underweight 5 Positions Relative to ARP

Symbol	Grade	Weight
VOO	B	-41.16%
PHYS	A	-19.85%
QQQ	C	-12.38%
VWO	A	-7.05%
VGLT	C	-5.72%

DULL: Top Represented Industries & Keywords

Industries:

Keywords: Bullion ETF Equity Exchange Traded Fund Gold Precious Metals

ARP: Top Represented Industries & Keywords

Industries: