MJO vs. PHO ETF Comparison
Comparison of MicroSectors Cannabis 2X Leveraged ETNs (MJO) to Invesco Water Resources ETF (PHO)
MJO
MicroSectors Cannabis 2X Leveraged ETNs
MJO Description
The investment seeks a two times leveraged participation in the daily performance of the Indxx MicroSectorsTM North American Cannabis Index.The index is designed to track the performance of companies that are publicly traded in the U.S. and/or Canada, and that provide products or services related to the medical or industrial use of cannabis or products derived from cannabis. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50. The notes do not bear interest.
Grade (RS Rating)
Last Trade
$100.35
Average Daily Volume
4,980
16
PHO
Invesco Water Resources ETF
PHO Description
The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.Grade (RS Rating)
Last Trade
$51.80
Average Daily Volume
93,191
36
Performance
| MJO | PHO | |
|---|---|---|
| 30 Days | -5.15% | 6.52% |
| 60 Days | -21.38% | 5.28% |
| 90 Days | -12.27% | 7.34% |
| 12 Months | 196.51% | 55.46% |
1 Overlapping Holdings
| Grade | Symbol | Weight in MJO | Weight in PHO | Overlap |
|---|---|---|---|---|
| C | WAT | 9.05% | 4.06% | 4.06% |
MJO Underweight 35 Positions Relative to PHO
| Grade | Symbol | Weight |
|---|---|---|
| B | ROP | -8.36% |
| B | AWK | -8.33% |
| B | DHR | -8.2% |
| A | XYL | -8.06% |
| B | ECL | -7.8% |
| B | AQUA | -4.31% |
| B | AOS | -4.23% |
| A | PNR | -4.18% |
| B | WTRG | -4.16% |
| A | IEX | -4.15% |
| A | WMS | -3.82% |
| B | TTC | -3.7% |
| C | TTEK | -3.65% |
| B | RXN | -3.29% |
| B | VMI | -2.66% |
| D | ITRI | -2.48% |
| C | WTS | -1.85% |
| C | SBS | -1.57% |
| D | BMI | -1.56% |
| B | AWR | -1.33% |
| A | CWT | -1.09% |
| B | LNN | -1.05% |
| B | FELE | -1.05% |
| B | MSEX | -0.97% |
| C | MWA | -0.97% |
| A | MLI | -0.93% |
| B | SJW | -0.51% |
| A | AEGN | -0.47% |
| C | ERII | -0.4% |
| B | GRC | -0.17% |
| A | YORW | -0.15% |
| D | NWPX | -0.11% |
| D | CWCO | -0.1% |
| B | ARTNA | -0.09% |
| B | GWRS | -0.05% |
MJO: Top Represented Industries & Keywords
PHO: Top Represented Industries & Keywords
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