MLPA vs. NRGU ETF Comparison
Comparison of Global X MLP ETF (MLPA) to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU)
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
$47.24
Average Daily Volume
120,283
19
NRGU
MicroSectors U.S. Big Oil Index 3X Leveraged ETN
NRGU Description
The investment seeks to reflect a 3x leveraged long 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 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 the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.Grade (RS Rating)
Last Trade
$550.32
Average Daily Volume
31,023
10
Performance
| Period | MLPA | NRGU |
|---|---|---|
| 30 Days | -2.24% | -13.58% |
| 60 Days | 0.47% | 18.32% |
| 90 Days | 4.93% | 30.36% |
| 12 Months | 22.84% | 61.48% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in NRGU | Overlap |
|---|
MLPA: Top Represented Industries & Keywords
NRGU: Top Represented Industries & Keywords
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