SHNY vs. GDXD ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043 (SHNY) to MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD)

SHNY

Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043

SHNY Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Solactive Global Silver Miners Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure broad based equity market performance of companies involved in the silver mining industry, as defined by Structured Solutions AG. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.07

Average Daily Volume

15,711

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

GDXD

MicroSectors Gold Miners -3X Inverse Leveraged ETNs

GDXD Description

The investment seeks the return on the notes is linked to a three times leveraged participation in the daily inverse performance of the S-Network MicroSectorsTM Gold Miners Index.The index is a total return index that tracks the performance of two exchange traded funds, the VanEck Vectors® Gold Miners ETF (the ?GDX?) and the VanEck Vectors® Junior Gold Miners ETF (the ?GDXJ?).

Grade (RS Rating)

Last Trade

$18.77

Average Daily Volume

528,364

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	SHNY	GDXD
30 Days	2.23%	-28.08%
60 Days	30.65%	-52.72%
90 Days	59.60%	-67.69%
12 Months	38.33%	-62.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHNY	Weight in GDXD	Overlap

SHNY Overweight 1 Positions Relative to GDXD

	Symbol	Grade	Weight
	SIL	B	98.74%

SHNY Underweight 2 Positions Relative to GDXD

	Symbol	Grade	Weight
	GDX	A	-75.0%
	GDXJ	B	-25.0%

SHNY: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Silver Exchange Traded Product Silver Mining Silver Mining Industry

GDXD: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Gold Mining Gold Mining Industry Stock Fund American Depositary Receipt Mining Nyse Arca Gold Miners Index Occupational Safety And Health Silver Mining Sovereign Wealth Funds Stock Market Index