NRGD vs. ABEQ ETF Comparison

Comparison of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) to Absolute Core Strategy ETF (ABEQ)

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

$136.53

Average Daily Volume

43,775

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.77

Average Daily Volume

7,014

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NRGD	ABEQ
30 Days	-11.54%	0.30%
60 Days	-32.44%	2.21%
90 Days	-43.73%	5.37%
12 Months	-53.38%	5.36%

1 Overlapping Holdings

	Symbol	Grade	Weight in NRGD	Weight in ABEQ	Overlap
	EOG	A	10.0%	3.96%	3.96%

NRGD Overweight 9 Positions Relative to ABEQ

Symbol	Grade	Weight
XOM	A	10.0%
VLO	B	10.0%
PXD	A	10.0%
PSX	B	10.0%
OXY	B	10.0%
MPC	B	10.0%
DVN	B	10.0%
CVX	A	10.0%
COP	B	10.0%

NRGD Underweight 14 Positions Relative to ABEQ

Symbol	Grade	Weight
BRK.A	C	-10.97%
L	B	-6.53%
UL	D	-5.64%
MRK	A	-5.16%
DD	B	-5.12%
MDT	C	-4.52%
CMCSA	D	-3.79%
TRV	D	-3.7%
VZ	D	-3.69%
EQC	F	-3.48%
CSCO	D	-3.07%
CTVA	B	-2.99%
IFF	A	-2.38%
CCI	D	-2.34%

NRGD: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Oil & Gas Integrated