BNKD vs. DFNL ETF Comparison

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

$5.08

Average Daily Volume

444,947

Number of Holdings *

10

* may have additional holdings in another (foreign) market
DFNL

Davis Select Financial ETF

DFNL Description The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.01

Average Daily Volume

9,887

Number of Holdings *

20

* may have additional holdings in another (foreign) market
Performance
Period BNKD DFNL
30 Days -1.38% -1.69%
60 Days -12.56% 1.31%
90 Days -19.52% 4.96%
12 Months -53.39% 16.27%
7 Overlapping Holdings
Symbol Grade Weight in BNKD Weight in DFNL Overlap
BAC A 10.0% 2.48% 2.48%
JPM B 10.0% 6.57% 6.57%
PNC B 10.0% 4.67% 4.67%
SCHW A 10.0% 1.33% 1.33%
TFC B 10.0% 2.83% 2.83%
USB C 10.0% 4.85% 4.85%
WFC A 10.0% 5.7% 5.7%
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