IYF vs. BNKD ETF Comparison

Comparison of iShares U.S. Financial ETF (IYF) to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.86

Average Daily Volume

111,805

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD Description

The investment seeks to provide a leveraged inverse return based on 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 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. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$20.13

Average Daily Volume

75,652

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IYF	BNKD
30 Days	5.30%	-23.81%
60 Days	3.72%	-26.54%
90 Days	8.84%	-38.14%
12 Months	37.28%	-72.74%

10 Overlapping Holdings

Symbol	Grade	Weight in IYF	Weight in BNKD	Overlap
BAC	A	4.4%	10.0%	4.4%
C	A	2.47%	10.0%	2.47%
GS	A	2.93%	10.0%	2.93%
JPM	A	9.77%	10.0%	9.77%
MS	A	2.34%	10.0%	2.34%
PNC	A	1.28%	10.0%	1.28%
SCHW	A	2.28%	10.0%	2.28%
TFC	A	1.06%	10.0%	1.06%
USB	D	1.32%	10.0%	1.32%
WFC	A	4.06%	10.0%	4.06%

IYF Overweight 127 Positions Relative to BNKD

Symbol	Grade	Weight
BRK.A	C	12.56%
SPGI	B	2.8%
PGR	B	2.55%
BLK	C	2.4%
CB	B	2.11%
MMC	B	2.07%
BX	C	1.79%
CME	D	1.57%
ICE	C	1.56%
KKR	B	1.38%
MCO	A	1.3%
APO	D	1.19%
AON	D	1.16%
AIG	B	1.14%
AJG	B	1.08%
TRV	D	1.02%
AFL	A	1.01%
MET	A	0.93%
ALL	C	0.92%
BK	A	0.91%
AMP	A	0.88%
PRU	A	0.87%
MSCI	F	0.76%
COIN	D	0.74%
ACGL	B	0.73%
DFS	D	0.63%
HIG	B	0.61%
NU	C	0.56%
FITB	B	0.54%
WTW	D	0.54%
MTB	A	0.52%
TROW	D	0.5%
RJF	B	0.49%
ARES	A	0.49%
STT	B	0.47%
NDAQ	D	0.46%
BR	C	0.46%
MKL	A	0.44%
BRO	A	0.42%
PFG	B	0.41%
LPLA	B	0.41%
HBAN	A	0.41%
FCNCA	B	0.39%
RF	B	0.38%
CINF	D	0.37%
NTRS	B	0.36%
EG	B	0.34%
FDS	D	0.34%
CFG	A	0.34%
WRB	D	0.32%
KEY	B	0.29%
L	B	0.29%
RGA	A	0.28%
TW	B	0.27%
FNF	B	0.25%
IBKR	A	0.25%
EQH	B	0.24%
RNR	D	0.24%
HOOD	C	0.23%
ALLY	A	0.22%
EWBC	B	0.22%
NLY	A	0.21%
AIZ	D	0.19%
AFG	C	0.19%
FHN	A	0.18%
CG	D	0.18%
ORI	A	0.17%
SF	A	0.17%
UNM	B	0.17%
KNSL	F	0.17%
JEF	B	0.17%
OWL	C	0.17%
GL	F	0.16%
MKTX	F	0.16%
PRI	D	0.16%
MORN	D	0.16%
WBS	D	0.16%
CMA	B	0.15%
VOYA	B	0.15%
BEN	F	0.15%
AGNC	A	0.14%
SOFI	D	0.14%
HLI	A	0.14%
EVR	B	0.14%
CBSH	A	0.14%
SEIC	D	0.14%
WAL	B	0.14%
XP	F	0.14%
WTFC	B	0.13%
ZION	B	0.13%
BPOP	A	0.13%
PNFP	B	0.13%
CFR	D	0.13%
PB	B	0.12%
FAF	D	0.12%
MTG	B	0.12%
SNV	A	0.12%
OMF	C	0.12%
STWD	B	0.12%
RLI	B	0.12%
OZK	B	0.11%
RYAN	C	0.11%
AMG	D	0.11%
IVZ	C	0.11%
RITM	A	0.11%
AXS	B	0.11%
WTM	D	0.1%
SLM	C	0.1%
THG	B	0.1%
FNB	A	0.1%
LNC	B	0.09%
COLB	C	0.09%
LAZ	C	0.09%
AGO	D	0.09%
JHG	A	0.09%
KMPR	B	0.08%
TPG	D	0.07%
CACC	D	0.07%
NYCB	D	0.06%
BOKF	A	0.06%
FHB	B	0.06%
BHF	F	0.06%
RKT	B	0.04%
VIRT	A	0.04%
CNA	B	0.03%
TFSL	C	0.02%
UWMC	B	0.02%

IYF Underweight 0 Positions Relative to BNKD

	Symbol	Grade	Weight

BNKD: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Capital Markets