NRGU vs. OILD ETF Comparison

Comparison of MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) to ProShares UltraPro 3x Short Crude Oil ETF (OILD)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OILD

ProShares UltraPro 3x Short Crude Oil ETF

OILD Description

ProShares UltraPro 3x Short Crude Oil ETF seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Bloomberg WTI Crude Oil SubindexSM. The underlying index reflects the performance of the price of West Texas Intermediate sweet, light crude oil futures contracts traded on the NYMEX. The fund seeks to meet its investment objective by investing, under normal market conditions, in futures contracts for WTI sweet, light crude oil listed on the NYMEX, ICE Futures U.S. or other U.S. exchanges and listed options on such contracts.

Grade (RS Rating)

Last Trade

$15.03

Average Daily Volume

67,511

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NRGU	OILD
30 Days	-13.58%	9.47%
60 Days	18.32%	-17.12%
90 Days	30.36%	-28.63%
12 Months	61.48%	-47.52%

10 Overlapping Holdings

Symbol	Grade	Weight in NRGU	Weight in OILD	Overlap
COP	B	10.0%	6.84%	6.84%
CVX	A	10.0%	15.44%	10.0%
DVN	B	10.0%	4.47%	4.47%
EOG	B	10.0%	4.87%	4.87%
MPC	B	10.0%	4.59%	4.59%
OXY	B	10.0%	6.67%	6.67%
PSX	D	10.0%	2.65%	2.65%
PXD	A	10.0%	4.43%	4.43%
VLO	B	10.0%	3.16%	3.16%
XOM	B	10.0%	15.47%	10.0%

NRGU Overweight 0 Positions Relative to OILD

	Symbol	Grade	Weight

NRGU Underweight 14 Positions Relative to OILD

Symbol	Grade	Weight
SLB	F	-4.33%
MRO	B	-3.17%
FANG	B	-2.86%
KMI	A	-2.64%
BKR	D	-2.46%
CTRA	B	-2.34%
WMB	A	-2.29%
HAL	D	-2.05%
HES	A	-2.03%
OKE	B	-1.81%
EQT	B	-1.61%
LNG	D	-1.33%
NOV	D	-1.01%
OVV	B	-0.91%

NRGU: Top Represented Industries & Keywords

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

OILD: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Equipment & Services Oil & Gas Midstream Oil & Gas Refining & Marketing Oil & Gas Integrated