HDLB vs. MEDX ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to Horizon Kinetics Medical ETF (MEDX)
HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$14.36

Average Daily Volume

3,000

Number of Holdings *

37

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

Horizon Kinetics Medical ETF

MEDX Description The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.27

Average Daily Volume

512

Number of Holdings *

32

* may have additional holdings in another (foreign) market
Performance
Period HDLB MEDX
30 Days -0.70% -4.20%
60 Days 3.60% -8.31%
90 Days 10.11% -4.39%
12 Months 61.28% 4.75%
2 Overlapping Holdings
Symbol Grade Weight in HDLB Weight in MEDX Overlap
ABBV A 9.8% 8.78% 8.78%
PFE D 13.4% 4.19% 4.19%
HDLB Overweight 35 Positions Relative to MEDX
Symbol Grade Weight
VZ D 9.25%
T A 8.79%
GILD A 5.14%
IBM C 5.12%
PM A 3.83%
DUK C 3.27%
MO A 3.18%
SO C 2.94%
D B 2.76%
AEP D 2.58%
O D 2.51%
VICI D 1.93%
KHC D 1.93%
ED C 1.85%
ETR A 1.73%
SRE C 1.71%
PPL C 1.48%
K A 1.47%
NLY D 1.43%
FE D 1.42%
EIX D 1.34%
IP A 1.22%
MPW D 1.04%
AGNC D 1.03%
NI B 0.91%
PNW D 0.78%
WPC F 0.76%
WU F 0.73%
ARCC B 0.46%
GLPI D 0.44%
OGE C 0.43%
STAG D 0.4%
FSK B 0.25%
KD D 0.14%
ONL D 0.07%
HDLB Underweight 30 Positions Relative to MEDX
Symbol Grade Weight
LLY F -16.14%
AMGN C -6.01%
NVS D -5.98%
BMY A -5.3%
AZN F -5.15%
JNJ D -4.65%
ALNY C -4.6%
MRK F -3.99%
REGN F -3.77%
ALKS F -3.44%
BIIB F -3.21%
CRSP C -2.87%
IONS F -2.78%
GSK F -2.36%
BCYC D -1.96%
BEAM F -1.22%
NTLA F -1.17%
REPL B -0.99%
HLN D -0.78%
GALT F -0.77%
VNDA D -0.67%
EDIT F -0.54%
LTRN F -0.53%
GEHC D -0.48%
TSVT D -0.45%
ALLO D -0.29%
VTRS B -0.24%
PACB C -0.14%
BLUE F -0.1%
MURA D -0.05%
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