FNGO vs. QQQU ETF Comparison

Comparison of MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO) to Direxion Daily Concentrated Qs Bull 2X Shares (QQQU)

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$70.73

Average Daily Volume

23,192

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QQQU

Direxion Daily Concentrated Qs Bull 2X Shares

QQQU Description

QQQU provides daily 2x exposure to an index comprised of the seven leading companies listed on the NASDAQ exchange that meet certain requirements. It will invest in the securities of the index, financial instruments including swap and futures agreements, and ETFs tracking the index, to provide the leveraged exposure consistent with its objective. To be included in the index, the common stocks or ADRs must have a minimum free float equivalent to 10% of shares outstanding, and have a share price of less than $10,000. After an extensive research, the index provider selects the seven leading constituents that forms the index and equally-weights them. The index is rebalanced and reconstituted quarterly. As a leveraged product with 2x factor that resets daily, QQQU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$36.29

Average Daily Volume

31,223

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGO	QQQU
30 Days	7.03%	14.30%
60 Days	3.97%	11.29%
90 Days	-3.88%	6.19%
12 Months	110.83%

7 Overlapping Holdings

Symbol	Grade	Weight in FNGO	Weight in QQQU	Overlap
AAPL	C	10.49%	11.61%	10.49%
AMZN	C	10.04%	9.8%	9.8%
GOOGL	D	10.17%	9.72%	9.72%
META	B	9.57%	10.94%	9.57%
MSFT	C	9.82%	9.81%	9.81%
NVDA	C	8.72%	9.52%	8.72%
TSLA	C	12.97%	12.03%	12.03%

FNGO Overweight 3 Positions Relative to QQQU

Symbol	Grade	Weight
SNOW	F	10.2%
NFLX	B	9.26%
AVGO	C	8.75%

FNGO Underweight 0 Positions Relative to QQQU

	Symbol	Grade	Weight