WTIU vs. NRGD ETF Comparison

Comparison of Bank Of Montreal MicroSectors Energy 3X Leveraged ETNs (WTIU) to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD)

WTIU

Bank Of Montreal MicroSectors Energy 3X Leveraged ETNs

WTIU Description

The investment seeks to provide a daily long leveraged exposure to the performance 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

$13.59

Average Daily Volume

38,067

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

NRGD

MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN

NRGD Description

The investment seeks to reflect a 3x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. 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 inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.

Grade (RS Rating)

Last Trade

$165.76

Average Daily Volume

12,309

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	WTIU	NRGD
30 Days	-20.94%	-1.73%
60 Days	-31.15%	-1.02%
90 Days	-21.53%	23.10%
12 Months	-38.94%	-36.82%

9 Overlapping Holdings

	Symbol	Grade	Weight in WTIU	Weight in NRGD	Overlap
	COP	F	11.6%	10.0%	10.0%
	CVX	D	15.0%	10.0%	10.0%
	DVN	F	5.67%	10.0%	5.67%
	EOG	D	6.81%	10.0%	6.81%
	MPC	F	8.18%	10.0%	8.18%
	OXY	F	8.23%	10.0%	8.23%
	PSX	F	6.15%	10.0%	6.15%
	VLO	F	7.86%	10.0%	7.86%
	XOM	D	15.0%	10.0%	10.0%

WTIU Overweight 1 Positions Relative to NRGD

	Symbol	Grade	Weight
	HES	F	5.84%

WTIU Underweight 0 Positions Relative to NRGD

	Symbol	Grade	Weight

WTIU: Top Represented Industries & Keywords

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

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

NRGD: 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 Petroleum Crude Oil Midstream Petroleum Products Chemical Plastic Refined Products Commodity Petrochemicals Liquefied Natural Gas Natural Gas Processing Oil And Gas Properties Petrochemical Propane Sulfur Transports Crude Oil Abu Dhabi National Oil Company