DULL vs. SLVP ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043 (DULL) to iShares MSCI Global Silver Miners Fund (SLVP)

DULL

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

DULL Description

The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the ETF on a daily basis. The notes are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day or who have a "buy and hold" strategy.

Grade (RS Rating)

Last Trade

$13.22

Average Daily Volume

2,555

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

SLVP

iShares MSCI Global Silver Miners Fund

SLVP Description

The iShares MSCI Global Silver Miners Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Silver Miners Investable Market Index.

Grade (RS Rating)

Last Trade

$11.31

Average Daily Volume

217,266

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	DULL	SLVP
30 Days	-9.45%	11.32%
60 Days	-24.95%	33.69%
90 Days	-29.76%	27.94%
12 Months	-32.87%	1.67%

2 Overlapping Holdings

	Symbol	Grade	Weight in DULL	Weight in SLVP	Overlap
	CDE	B	5.05%	0.78%	0.78%
	HL	B	4.81%	8.21%	4.81%

DULL Overweight 8 Positions Relative to SLVP

	Symbol	Grade	Weight
	WPM	A	11.85%
	PAAS	B	5.16%
	AGI	B	4.45%
	SSRM	C	4.32%
	MAG	B	2.88%
	SVM	B	1.62%
	MUX	A	1.57%
	EXK	B	1.03%

DULL Underweight 4 Positions Relative to SLVP

	Symbol	Grade	Weight
	NEM	A	-6.17%
	FSM	B	-5.09%
	BVN	A	-1.17%
	ORLA	B	-0.45%

DULL: Top Represented Industries & Keywords

Industries: Silver Gold Industrial Metals & Minerals

Keywords: Mining Silver Gold Gold Mining Silver Mining In The United States Base Metal Bullion Copper Mineral Products New Gold Precious And Base Metal Precious Metal Properties Precious Metal Purchase Agreements S&P/Tsx 60 Silver Mining Silvercorp Metals Smelting Ssr Mining Inc. Zinc Zinc Mining

SLVP: Top Represented Industries & Keywords

Industries: Gold Industrial Metals & Minerals Silver

Keywords: Mining Gold Silver Copper Lead Silver Mining In The United States Zinc Base Metal Bullion Electrical Transmission Gold Mining Metals Mineral Exploration Precious And Base Metal S&P 500 Ssr Mining Inc. Zinc Mining