NRGU vs. ABEQ ETF Comparison
Comparison of MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) to Absolute Core Strategy ETF (ABEQ)
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
$558.01
Average Daily Volume
30,735
10
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
$30.06
Average Daily Volume
5,371
15
Performance
| Period | NRGU | ABEQ |
|---|---|---|
| 30 Days | -19.25% | -0.83% |
| 60 Days | 23.31% | 3.63% |
| 90 Days | 31.84% | 4.65% |
| 12 Months | 82.42% | 6.18% |
1 Overlapping Holdings
| Symbol | Grade | Weight in NRGU | Weight in ABEQ | Overlap | |
|---|---|---|---|---|---|
| EOG | B | 10.0% | 3.96% | 3.96% |
NRGU: Top Represented Industries & Keywords
ABEQ: Top Represented Industries & Keywords
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