TAN vs. BNKU ETF Comparison
Comparison of Invesco Solar ETF (TAN) to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)
TAN
Invesco Solar ETF
TAN Description
The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$43.27
Average Daily Volume
1,281,196
17
BNKU
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs
BNKU Description
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. 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 performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.Grade (RS Rating)
Last Trade
$35.25
Average Daily Volume
245,490
10
Performance
| Period | TAN | BNKU |
|---|---|---|
| 30 Days | -9.53% | 26.12% |
| 60 Days | 2.88% | 7.70% |
| 90 Days | 3.05% | 36.79% |
| 12 Months | -39.27% | 108.33% |
0 Overlapping Holdings
| Symbol | Grade | Weight in TAN | Weight in BNKU | Overlap |
|---|
TAN: Top Represented Industries & Keywords
BNKU: Top Represented Industries & Keywords
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