NRGD vs. LITP ETF Comparison
Comparison of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) to Sprott Lithium Miners ETF (LITP)
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
$165.76
Average Daily Volume
12,309
10
LITP
Sprott Lithium Miners ETF
LITP Description
The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, or production of lithium. The index generally consists of from 40 to 50 constituents. The fund is non-diversified.Grade (RS Rating)
Last Trade
$7.58
Average Daily Volume
10,276
3
Performance
| Period | NRGD | LITP |
|---|---|---|
| 30 Days | -1.73% | -3.56% |
| 60 Days | -1.02% | -24.12% |
| 90 Days | 23.10% | -25.69% |
| 12 Months | -36.82% | -56.22% |
0 Overlapping Holdings
| Symbol | Grade | Weight in NRGD | Weight in LITP | Overlap |
|---|
NRGD: Top Represented Industries & Keywords
LITP: Top Represented Industries & Keywords
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