WTID vs. PXE ETF Comparison

Comparison of Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs (WTID) to PowerShares Dynamic Energy E&P (PXE)

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

$15.49

Average Daily Volume

969

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PXE

PowerShares Dynamic Energy E&P

PXE Description

The PowerShares Energy Exploration & Production Portfolio (Fund) is based on the Dynamic Energy Exploration & Production IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$31.64

Average Daily Volume

43,715

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WTID	PXE
30 Days	-12.41%	4.97%
60 Days	-15.66%	3.93%
90 Days	-12.98%	2.61%
12 Months	-32.40%	4.44%

5 Overlapping Holdings

Symbol	Grade	Weight in WTID	Weight in PXE	Overlap
DVN	F	5.38%	4.41%	4.41%
EOG	A	6.48%	5.25%	5.25%
MPC	C	7.85%	4.65%	4.65%
PSX	C	6.04%	4.83%	4.83%
VLO	C	7.49%	4.96%	4.96%

WTID Overweight 5 Positions Relative to PXE

Symbol	Grade	Weight
XOM	A	15.0%
CVX	A	15.0%
COP	B	12.36%
OXY	D	9.69%
EQT	A	5.36%

WTID Underweight 24 Positions Relative to PXE

Symbol	Grade	Weight
CTRA	A	-5.25%
OVV	C	-5.17%
FANG	C	-4.68%
CNX	A	-3.81%
CRGY	A	-3.33%
RRC	B	-3.08%
GPOR	A	-3.07%
CRC	A	-3.05%
MGY	A	-2.91%
MTDR	B	-2.81%
NOG	A	-2.8%
NFG	A	-2.8%
GRNT	A	-2.78%
DK	D	-2.61%
SM	C	-2.61%
PBF	D	-2.6%
HPK	C	-2.5%
DINO	D	-2.45%
CHRD	D	-2.42%
MUR	D	-2.4%
CIVI	C	-2.34%
VTLE	C	-2.33%
PARR	D	-2.2%
CVI	D	-2.1%

WTID: Top Represented Industries & Keywords

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

PXE: Top Represented Industries & Keywords

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