NRGD vs. EVNT ETF Comparison
Comparison of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) to AltShares Event-Driven ETF (EVNT)
NRGD
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
NRGD Description
The investment seeks to reflect a 3x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. 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. listed stocks with the largest market capitalization in the energy/oil sector.
Grade (RS Rating)
Last Trade
$173.69
Average Daily Volume
17,813
10
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$9.95
Average Daily Volume
740
39
Performance
| Period | NRGD | EVNT |
|---|---|---|
| 30 Days | -3.74% | 0.73% |
| 60 Days | 14.04% | 0.78% |
| 90 Days | 39.79% | -0.22% |
| 12 Months | -51.65% | 4.59% |
1 Overlapping Holdings
| Symbol | Grade | Weight in NRGD | Weight in EVNT | Overlap | |
|---|---|---|---|---|---|
| PXD | B | 10.0% | 4.56% | 4.56% |
NRGD Underweight 38 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | D | -4.67% | |
| OLK | A | -4.07% | |
| ANSS | C | -2.97% | |
| CERE | C | -2.67% | |
| AXNX | B | -2.5% | |
| JNPR | B | -2.5% | |
| MDC | A | -2.5% | |
| SIMO | B | -2.02% | |
| MGRC | D | -2.02% | |
| X | C | -1.94% | |
| VFC | D | -1.86% | |
| CCI | D | -1.78% | |
| TGNA | D | -1.76% | |
| BA | C | -1.71% | |
| AMED | A | -1.49% | |
| PARA | C | -1.35% | |
| CZR | C | -1.25% | |
| EVBG | B | -1.24% | |
| CPRI | D | -1.2% | |
| SATS | B | -1.16% | |
| RIVN | C | -1.09% | |
| AURA | F | -1.09% | |
| RAMP | C | -1.05% | |
| DOOR | A | -1.01% | |
| CTLT | B | -0.96% | |
| PACB | F | -0.94% | |
| BE | D | -0.89% | |
| PNM | D | -0.85% | |
| INTC | C | -0.82% | |
| VZIO | B | -0.73% | |
| DIS | D | -0.66% | |
| WBD | F | -0.63% | |
| PINS | B | -0.5% | |
| SNOW | D | -0.45% | |
| ZLAB | F | -0.43% | |
| APA | F | -0.21% | |
| WSC | F | --0.77% | |
| SNPS | B | --1.53% |
NRGD: Top Represented Industries & Keywords
EVNT: Top Represented Industries & Keywords
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