WTIU vs. OILT ETF Comparison

Comparison of Bank Of Montreal MicroSectors Energy 3X Leveraged ETNs (WTIU) to Texas Capital Texas Oil Index ETF (OILT)

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 ^*

* may have additional holdings in another (foreign) market

OILT

Texas Capital Texas Oil Index ETF

OILT Description

OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$24.31

Average Daily Volume

1,030

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WTIU	OILT
30 Days	-20.94%	-7.26%
60 Days	-31.15%	-12.73%
90 Days	-21.53%	-6.95%
12 Months	-38.94%

6 Overlapping Holdings

Symbol	Grade	Weight in WTIU	Weight in OILT	Overlap
COP	F	11.6%	8.45%	8.45%
CVX	D	15.0%	4.37%	4.37%
DVN	F	5.67%	4.05%	4.05%
EOG	D	6.81%	7.82%	6.81%
OXY	F	8.23%	7.71%	7.71%
XOM	D	15.0%	9.11%	9.11%

WTIU Overweight 4 Positions Relative to OILT

Symbol	Grade	Weight
MPC	F	8.18%
VLO	F	7.86%
PSX	F	6.15%
HES	F	5.84%

WTIU Underweight 18 Positions Relative to OILT

Symbol	Grade	Weight
FANG	F	-8.13%
MRO	D	-4.34%
APA	F	-4.23%
OVV	F	-3.99%
SM	F	-3.83%
PR	D	-3.61%
CRGY	F	-3.57%
KMI	B	-2.86%
BP	D	-2.47%
MGY	D	-1.67%
CRK	D	-1.6%
CTRA	F	-1.59%
CHK	D	-1.49%
MUR	F	-1.47%
TTE	C	-1.06%
REI	D	-0.88%
REPX	D	-0.74%
MTDR	F	-0.34%

WTIU: Top Represented Industries & Keywords

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

OILT: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Integrated Oil & Gas Midstream