SHNY vs. GDMA ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043 (SHNY) to Gadsden Dynamic Multi-Asset ETF (GDMA)

SHNY

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

SHNY Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Solactive Global Silver Miners Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure broad based equity market performance of companies involved in the silver mining industry, as defined by Structured Solutions AG. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.25

Average Daily Volume

31,630

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GDMA

Gadsden Dynamic Multi-Asset ETF

GDMA Description

The investment seeks total return. The fund seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market. It may invest in futures contracts to gain long or short exposure to one or more asset classes.

Grade (RS Rating)

Last Trade

$32.71

Average Daily Volume

7,128

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHNY	GDMA
30 Days	17.31%	3.71%
60 Days	27.03%	7.60%
90 Days	26.67%	3.46%
12 Months	126.43%	12.03%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHNY	Weight in GDMA	Overlap

SHNY Overweight 1 Positions Relative to GDMA

	Symbol	Grade	Weight
	GLD	B	100.0%

SHNY Underweight 12 Positions Relative to GDMA

Symbol	Grade	Weight
SGOL	B	-10.5%
EMXC	C	-3.03%
HYEM	A	-2.99%
SCHP	B	-2.98%
LTPZ	D	-2.95%
FLIN	D	-0.99%
NVDA	B	-0.52%
SIVR	B	-0.51%
META	A	-0.5%
AMZN	C	-0.5%
MSFT	D	-0.49%
GOOG	B	-0.49%

SHNY: Top Represented Industries & Keywords

Industries:

Keywords: Bullion ETF Equity Exchange Traded Fund Gold Precious Metals

GDMA: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Software - Infrastructure Specialty Retail