FLYD vs. XTN ETF Comparison

Comparison of Bank of Montreal MicroSectors Travel -3x Inverse Leveraged ETN (FLYD) to SPDR S&P Transportation ETF (XTN)

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

$15.03

Average Daily Volume

826

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XTN

SPDR S&P Transportation ETF

XTN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.49

Average Daily Volume

27,490

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLYD	XTN
30 Days	-18.58%	6.28%
60 Days	-39.88%	13.85%
90 Days	-52.57%	17.14%
12 Months	-66.78%	23.43%

8 Overlapping Holdings

Symbol	Grade	Weight in FLYD	Weight in XTN	Overlap
AAL	B	4.73%	3.04%	3.04%
ALK	A	1.04%	2.89%	1.04%
CAR	C	1.07%	3.18%	1.07%
DAL	A	4.29%	3.27%	3.27%
LUV	B	2.66%	2.58%	2.58%
LYFT	C	2.26%	3.6%	2.26%
UAL	A	3.91%	4.14%	3.91%
UBER	F	14.14%	2.25%	2.25%

FLYD Overweight 22 Positions Relative to XTN

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

FLYD Underweight 34 Positions Relative to XTN

Symbol	Grade	Weight
SKYW	B	-3.23%
XPO	B	-3.1%
SAIA	C	-2.86%
MATX	B	-2.83%
JBLU	F	-2.73%
R	B	-2.73%
GXO	B	-2.68%
ODFL	B	-2.64%
CHRW	B	-2.54%
KEX	B	-2.49%
JBHT	C	-2.49%
JOBY	B	-2.48%
ARCB	C	-2.45%
SNDR	B	-2.45%
WERN	B	-2.45%
NSC	B	-2.45%
RXO	C	-2.44%
CSX	C	-2.42%
KNX	B	-2.41%
UPS	C	-2.38%
LSTR	D	-2.34%
FDX	B	-2.33%
EXPD	D	-2.28%
HUBG	A	-2.21%
UNP	D	-2.16%
ALGT	C	-2.12%
GNK	D	-1.2%
FWRD	D	-1.17%
SNCY	C	-1.14%
ATSG	A	-1.07%
HTZ	C	-0.97%
MRTN	C	-0.79%
UHAL	D	-0.66%
HTLD	B	-0.49%

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