MPAY vs. FNGS ETF Comparison
Comparison of Akros Monthly Payout ETF (MPAY) to MicroSectors FANG ETNs due January 8, 2038 (FNGS)
MPAY
Akros Monthly Payout ETF
MPAY Description
MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.
Grade (RS Rating)
Last Trade
$24.54
Average Daily Volume
886
52
FNGS
MicroSectors FANG ETNs due January 8, 2038
FNGS Description
The investment seeks to link the return to the performance of the gross total return version of the NYSE® FANG+™ Index. 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. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50.Grade (RS Rating)
Last Trade
$45.98
Average Daily Volume
144,631
10
Performance
| Period | MPAY | FNGS |
|---|---|---|
| 30 Days | 3.92% | 7.73% |
| 60 Days | 0.97% | 6.26% |
| 90 Days | 4.87% | 6.63% |
| 12 Months | 18.39% | 48.37% |
MPAY Overweight 46 Positions Relative to FNGS
| Symbol | Grade | Weight | |
|---|---|---|---|
| IAUM | B | 4.64% | |
| GLDM | B | 4.63% | |
| AVGO | C | 2.99% | |
| LLY | C | 2.56% | |
| BRK.A | D | 2.46% | |
| JPM | B | 2.32% | |
| V | C | 2.27% | |
| XOM | B | 2.08% | |
| MA | D | 2.03% | |
| UNH | C | 1.84% | |
| NRG | B | 1.77% | |
| MRK | B | 1.6% | |
| ORCL | D | 1.59% | |
| HD | D | 1.56% | |
| JNJ | F | 1.51% | |
| ABBV | D | 1.46% | |
| CVX | B | 1.43% | |
| BAC | B | 1.38% | |
| CRM | D | 1.32% | |
| ADBE | D | 1.31% | |
| CAT | D | 1.3% | |
| CEG | A | 1.19% | |
| IAU | B | 1.12% | |
| ACN | D | 1.12% | |
| QCOM | B | 1.09% | |
| D | B | 1.07% | |
| VST | B | 1.05% | |
| AMAT | C | 1.05% | |
| UGI | B | 0.99% | |
| BKNG | B | 0.99% | |
| TMO | D | 0.96% | |
| MDU | A | 0.93% | |
| LIN | D | 0.91% | |
| CSCO | D | 0.9% | |
| ES | B | 0.88% | |
| NOW | D | 0.88% | |
| MCD | F | 0.87% | |
| SWN | C | 0.84% | |
| WFC | A | 0.81% | |
| NKE | D | 0.79% | |
| LRCX | D | 0.76% | |
| INTU | D | 0.75% | |
| ABT | F | 0.72% | |
| IBM | D | 0.72% | |
| AXP | A | 0.71% | |
| LOW | D | 0.69% |
MPAY: Top Represented Industries & Keywords
FNGS: Top Represented Industries & Keywords
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