NRGD vs. XLE ETF Comparison
Comparison of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) to SPDR Select Sector Fund - Energy Select Sector (XLE)
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
$151.09
Average Daily Volume
36,283
10
XLE
SPDR Select Sector Fund - Energy Select Sector
XLE Description
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Energy Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: oil, gas & consumable fuels; and energy equipment & services. The fund is non-diversified.Grade (RS Rating)
Last Trade
$94.96
Average Daily Volume
15,845,001
22
Performance
| Period | NRGD | XLE |
|---|---|---|
| 30 Days | 5.53% | 0.88% |
| 60 Days | -6.13% | 4.19% |
| 90 Days | -26.08% | 11.87% |
| 12 Months | -58.52% | 24.28% |
NRGD Overweight 1 Positions Relative to XLE
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 10.0% |
NRGD: Top Represented Industries & Keywords
XLE: Top Represented Industries & Keywords
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