BNKU vs. CMDT ETF Comparison
Comparison of MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)
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
$32.59
Average Daily Volume
332,713
10
CMDT
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT Description
CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other fundsGrade (RS Rating)
Last Trade
$28.00
Average Daily Volume
48,118
1
Performance
Period | BNKU | CMDT |
---|---|---|
30 Days | 19.38% | 1.86% |
60 Days | 8.45% | 4.59% |
90 Days | 40.78% | 8.65% |
12 Months | 133.29% | 15.10% |
0 Overlapping Holdings
Symbol | Grade | Weight in BNKU | Weight in CMDT | Overlap |
---|
BNKU Underweight 1 Positions Relative to CMDT
Symbol | Grade | Weight | |
---|---|---|---|
MINT | A | -6.36% |
BNKU: Top Represented Industries & Keywords
CMDT: Top Represented Industries & Keywords