BNKD vs. IYF ETF Comparison

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

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

$23.25

Average Daily Volume

83,699

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$92.12

Average Daily Volume

111,125

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	BNKD	IYF
30 Days	-2.31%	-2.49%
60 Days	-21.19%	1.80%
90 Days	-27.00%	5.95%
12 Months	-69.55%	33.50%

10 Overlapping Holdings

Symbol	Grade	Weight in BNKD	Weight in IYF	Overlap
BAC	B	10.0%	4.42%	4.42%
C	B	10.0%	2.49%	2.49%
GS	A	10.0%	2.86%	2.86%
JPM	A	10.0%	9.86%	9.86%
MS	A	10.0%	2.26%	2.26%
PNC	A	10.0%	1.3%	1.3%
SCHW	A	10.0%	2.33%	2.33%
TFC	A	10.0%	1.06%	1.06%
USB	D	10.0%	1.34%	1.34%
WFC	B	10.0%	4.09%	4.09%

BNKD Overweight 0 Positions Relative to IYF

	Symbol	Grade	Weight

BNKD Underweight 127 Positions Relative to IYF

Symbol	Grade	Weight
BRK.A	D	-12.67%
SPGI	C	-2.8%
PGR	B	-2.58%
BLK	D	-2.38%
CB	C	-2.14%
MMC	D	-2.1%
BX	D	-1.76%
CME	D	-1.6%
ICE	D	-1.55%
KKR	C	-1.31%
MCO	C	-1.25%
APO	B	-1.2%
AON	F	-1.19%
AIG	A	-1.12%
AJG	C	-1.07%
TRV	C	-1.03%
AFL	A	-1.03%
ALL	B	-0.95%
MET	D	-0.94%
BK	B	-0.91%
AMP	C	-0.88%
PRU	D	-0.85%
MSCI	F	-0.76%
COIN	C	-0.74%
ACGL	A	-0.71%
DFS	B	-0.67%
HIG	D	-0.61%
WTW	D	-0.55%
NU	C	-0.54%
FITB	A	-0.53%
TROW	C	-0.52%
MTB	A	-0.51%
RJF	A	-0.49%
BR	C	-0.48%
STT	D	-0.47%
NDAQ	B	-0.47%
ARES	A	-0.47%
LPLA	A	-0.43%
MKL	A	-0.41%
BRO	C	-0.41%
HBAN	A	-0.41%
PFG	D	-0.4%
FCNCA	A	-0.39%
CINF	D	-0.38%
RF	A	-0.38%
NTRS	C	-0.36%
EG	D	-0.34%
CFG	A	-0.34%
FDS	F	-0.34%
WRB	C	-0.33%
KEY	B	-0.29%
L	A	-0.29%
RGA	A	-0.27%
IBKR	A	-0.26%
TW	B	-0.25%
RNR	D	-0.24%
FNF	B	-0.24%
EQH	A	-0.23%
ALLY	B	-0.22%
HOOD	B	-0.22%
EWBC	A	-0.22%
AIZ	D	-0.2%
AFG	D	-0.2%
NLY	B	-0.2%
CG	D	-0.2%
OWL	B	-0.19%
FHN	A	-0.18%
ORI	A	-0.17%
JEF	A	-0.17%
SF	A	-0.17%
UNM	A	-0.17%
KNSL	F	-0.17%
MORN	D	-0.16%
PRI	C	-0.16%
MKTX	D	-0.16%
WBS	F	-0.16%
BEN	F	-0.15%
AGNC	C	-0.14%
EVR	D	-0.14%
SOFI	F	-0.14%
HLI	A	-0.14%
CBSH	A	-0.14%
GL	D	-0.14%
VOYA	B	-0.14%
CMA	A	-0.14%
XP	D	-0.14%
SEIC	C	-0.14%
ZION	A	-0.13%
PNFP	C	-0.13%
OMF	A	-0.13%
WTFC	A	-0.13%
BPOP	A	-0.13%
WAL	B	-0.13%
CFR	B	-0.13%
RITM	A	-0.12%
FAF	F	-0.12%
PB	B	-0.12%
MTG	B	-0.12%
STWD	C	-0.12%
RLI	D	-0.12%
IVZ	F	-0.11%
SNV	C	-0.11%
AMG	C	-0.11%
WTM	A	-0.1%
SLM	B	-0.1%
THG	B	-0.1%
RYAN	B	-0.1%
FNB	A	-0.1%
AXS	B	-0.1%
OZK	A	-0.1%
COLB	B	-0.09%
JHG	B	-0.09%
AGO	D	-0.09%
LAZ	C	-0.09%
KMPR	B	-0.08%
LNC	D	-0.08%
BHF	B	-0.07%
TPG	C	-0.07%
CACC	F	-0.07%
FHB	A	-0.06%
BOKF	A	-0.05%
VIRT	A	-0.04%
NYCB	F	-0.04%
CNA	A	-0.03%
RKT	B	-0.03%
UWMC	B	-0.02%
TFSL	B	-0.02%

BNKD: Top Represented Industries & Keywords

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