ECH vs. BNKD ETF Comparison

Comparison of iShares MSCI Chile Capped Investable Market Index Fund (ECH) to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)

ECH

iShares MSCI Chile Capped Investable Market Index Fund

ECH Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Chile IMI 25/50 Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is an index designed to measure the broad-based equity market in Chile. The underlying index consists of stocks traded primarily on the Santiago Stock Exchange. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

245,524

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

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

$22.83

Average Daily Volume

82,816

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	ECH	BNKD
30 Days	1.21%	-4.48%
60 Days	7.54%	-17.13%
90 Days	9.68%	-28.32%
12 Months	1.12%	-72.53%

0 Overlapping Holdings

	Symbol	Grade	Weight in ECH	Weight in BNKD	Overlap

ECH Overweight 1 Positions Relative to BNKD

	Symbol	Grade	Weight
	BCH	A	11.3%

ECH Underweight 10 Positions Relative to BNKD

	Symbol	Grade	Weight
	WFC	B	-10.0%
	USB	C	-10.0%
	TFC	A	-10.0%
	SCHW	A	-10.0%
	PNC	A	-10.0%
	MS	A	-10.0%
	JPM	B	-10.0%
	GS	A	-10.0%
	C	A	-10.0%
	BAC	B	-10.0%

ECH: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America

Keywords: Banco De Chile Bank Banking Products Collection Services Corporate Finance Solutions Currency Demand Deposit Deposit Products Distribution Network Factoring Finance Solutions Financial Products Forward Contract Insurance Broker Insurance Brokerage Insurance Brokerage Services Interest Rate Swap Investment Banking Investment Banking Services Investment Fund Management

BNKD: Top Represented Industries & Keywords

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

Keywords: S&P 500 Bank Banking Investment Bank Cash Management Investment Banking Asset Management Services Brokerage Financial Advisory Services Financial Products Investment Management Services Investment Product Lending Products Portfolio Management Primary Dealers Trade Finance Transaction Services Wealth Management Asset Management Cash Management Services