WTID vs. MLPA ETF Comparison

Comparison of Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs (WTID) to Global X MLP ETF (MLPA)

WTID

Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs

WTID Description

The investment seeks to provide a three times leveraged inverse exposure to changes in the level of the Bloomberg WTI Crude Oil Subindex ERSM. The index is designed to measure the return from a rolling long position in WTI crude oil futures contracts that trade on major U.S. exchanges.

Grade (RS Rating)

Last Trade

$15.46

Average Daily Volume

947

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

MLPA

Global X MLP ETF

MLPA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

97,317

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

Performance

Period	WTID	MLPA
30 Days	-13.69%	6.05%
60 Days	-17.21%	5.49%
90 Days	-13.03%	6.81%
12 Months	-33.06%	18.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in WTID	Weight in MLPA	Overlap

WTID Overweight 10 Positions Relative to MLPA

	Symbol	Grade	Weight
	XOM	A	15.0%
	CVX	A	15.0%
	COP	B	12.36%
	OXY	D	9.69%
	MPC	C	7.85%
	VLO	C	7.49%
	EOG	A	6.48%
	PSX	C	6.04%
	DVN	F	5.38%
	EQT	A	5.36%

WTID Underweight 18 Positions Relative to MLPA

	Symbol	Grade	Weight
	ET	A	-13.35%
	EPD	A	-12.4%
	MPLX	A	-11.28%
	WES	C	-9.45%
	PAA	B	-8.9%
	ENLC	A	-8.11%
	SUN	C	-7.79%
	HESM	A	-7.61%
	CQP	B	-5.53%
	USAC	B	-4.02%
	GLP	A	-3.84%
	SPH	D	-3.04%
	GEL	D	-2.83%
	DKL	C	-1.69%
	MMLP	A	-0.0%
	NGL	C	-0.0%
	SGU	B	-0.0%
	CAPL	D	-0.0%

WTID: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Oil & Gas Integrated

Keywords: S&P 500 Natural Gas Petroleum Industry Natural Gas Liquids Crude Oil Midstream Petroleum Petroleum Products Chemical Natural Gas Processing Plastic Refined Products Commodity Petrochemicals Gas Gathering Liquefied Natural Gas Natural Gas Gathering Oil And Gas Properties Petrochemical Propane Sulfur

MLPA: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Refining & Marketing Oil & Gas Equipment & Services Oil & Gas Pipelines Utilities - Regulated Gas

Keywords: Natural Gas Petroleum Industry Crude Oil Midstream Natural Gas Liquids Propane Refined Products Barge Motor Fuel Natural Gas Processing Ngl Pipeline Oil Pipeline Oil Storage Petroleum Petroleum Transport Pipeline Transport Refinery Transportation Segment Alkanes Crude Oil Pipeline