MLPA vs. NRGD ETF Comparison
Comparison of Global X MLP ETF (MLPA) to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD)
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$47.38
Average Daily Volume
120,599
19
NRGD
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
NRGD Description
The investment seeks to reflect a 3x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. 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. listed stocks with the largest market capitalization in the energy/oil sector.Grade (RS Rating)
Last Trade
$153.79
Average Daily Volume
40,780
10
Performance
| Period | MLPA | NRGD |
|---|---|---|
| 30 Days | -1.17% | 22.58% |
| 60 Days | 0.42% | -19.51% |
| 90 Days | 7.72% | -29.04% |
| 12 Months | 25.35% | -57.81% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in NRGD | Overlap |
|---|
MLPA: Top Represented Industries & Keywords
NRGD: Top Represented Industries & Keywords
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