FLYD vs. AIRL ETF Comparison

Comparison of Bank of Montreal MicroSectors Travel -3x Inverse Leveraged ETN (FLYD) to Themes Airlines ETF (AIRL)

FLYD

Bank of Montreal MicroSectors Travel -3x Inverse Leveraged ETN

FLYD Description

The index is a net total return index that tracks the stock prices of U.S. listed securities thatare materially engaged in specified segments of the travel industry.

Grade (RS Rating)

Last Trade

$14.11

Average Daily Volume

815

Number of Holdings ^*

30

* may have additional holdings in another (foreign) market

AIRL

Themes Airlines ETF

AIRL Description

The index is a free float adjusted, market capitalization weighted index that is designed to provide exposure to companies that have business operations in the airlines industry. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.04

Average Daily Volume

236

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

Performance

Period	FLYD	AIRL
30 Days	-24.96%	6.08%
60 Days	-43.20%	12.99%
90 Days	-53.20%	22.43%
12 Months	-68.94%

5 Overlapping Holdings

	Symbol	Grade	Weight in FLYD	Weight in AIRL	Overlap
	AAL	B	4.73%	4.99%	4.73%
	ALK	C	1.04%	5.12%	1.04%
	DAL	C	4.29%	5.14%	4.29%
	LUV	C	2.66%	4.28%	2.66%
	UAL	A	3.91%	7.26%	3.91%

FLYD Overweight 25 Positions Relative to AIRL

	Symbol	Grade	Weight
	UBER	D	14.14%
	DIS	B	13.2%
	BKNG	A	9.4%
	ABNB	C	7.98%
	CCL	B	5.23%
	MAR	B	3.83%
	RCL	A	3.43%
	EXPE	B	3.29%
	HLT	A	3.1%
	LVS	C	2.69%
	NCLH	B	2.53%
	LYFT	C	2.26%
	WYNN	D	1.98%
	MGM	D	1.94%
	CZR	F	1.55%
	MTN	C	1.15%
	CAR	C	1.07%
	H	B	0.98%
	CHH	A	0.67%
	WH	B	0.65%
	BYD	C	0.58%
	CHDN	B	0.54%
	HGV	B	0.33%
	TNL	A	0.27%
	JOE	F	0.12%

FLYD Underweight 7 Positions Relative to AIRL

	Symbol	Grade	Weight
	SKYW	B	-5.1%
	CPA	D	-4.54%
	JBLU	F	-3.59%
	ALGT	B	-2.47%
	SNCY	C	-1.06%
	ULCC	D	-0.71%
	SAVE	D	-0.0%

FLYD: Top Represented Industries & Keywords

Industries: Resorts & Casinos Lodging Airlines Leisure Software - Application Gambling Internet Content & Information Media - Diversified Real Estate - General Rental & Leasing Services Travel Services

Keywords: S&P 500 Hospitality Industry Casino Tourism Travel Aviation Transport Car Rental Cruise Lines Games Macau Opentravel Alliance Timeshare Air Transportation Airline Franchising Gambling Gig Economy Hawaii Hotel

AIRL: Top Represented Industries & Keywords

Industries: Airlines

Keywords: Aviation Airline Air Transportation Air Transportation Services Opentravel Alliance Low Cost Carriers S&P 500 Airbus A320 Family Airport Cargo Services Hawaii Passenger Airline Star Alliance Aircraft Management Airline Industry Airline Passenger Airline Services Car Rental Connectivity Services Distribution Systems