SHNY vs. RAAX ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043 (SHNY) to VanEck Vectors Real Asset Allocation ETF (RAAX)

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

$42.14

Average Daily Volume

34,351

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.38

Average Daily Volume

12,848

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	SHNY	RAAX
30 Days	-6.53%	0.40%
60 Days	2.29%	5.59%
90 Days	11.23%	7.33%
12 Months	81.86%	18.82%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHNY	Weight in RAAX	Overlap

SHNY Overweight 1 Positions Relative to RAAX

	Symbol	Grade	Weight
	GLD	C	100.0%

SHNY Underweight 9 Positions Relative to RAAX

	Symbol	Grade	Weight
	PIT	D	-21.19%
	EINC	B	-12.97%
	REZ	C	-6.52%
	PAVE	A	-5.07%
	NLR	B	-2.15%
	SLX	B	-1.7%
	GDX	D	-1.4%
	PHO	B	-1.03%
	MOO	F	-0.96%

SHNY: Top Represented Industries & Keywords

Industries:

Keywords: Bullion ETF Equity Exchange Traded Fund Gold Precious Metals

RAAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund American Depositary Receipt Exchange Traded Funds Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Commodity Commodity Markets Depositary Receipt Energy Infrastructure Exchange Traded Products Farm Machinery Fertilizer Food Industry Gold Mining Gold Mining Industry Investment Trust