ONLN vs. FNGO ETF Comparison

Comparison of ProShares Online Retail ETF (ONLN) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

ONLN

ProShares Online Retail ETF

ONLN Description

The investment seeks investment results, before fees and expenses, that track the performance of the ProShares Online Retail Index (the index). The fund seeks to invest substantially all of its assets in the stocks that make up the index and generally holds each stock in approximately the same proportion as its weighting in the index. Normally, it will invest at least 80% of its assets in the component securities of the index. The index is designed to measure the performance of publicly traded companies that principally sell online or through other non-store sales channels, rather than through "brick and mortar" store locations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.69

Average Daily Volume

16,484

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X 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 a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$56.54

Average Daily Volume

37,110

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ONLN	FNGO
30 Days	-2.08%	-10.63%
60 Days	4.26%	-10.69%
90 Days	10.61%	4.35%
12 Months	32.84%	134.42%

1 Overlapping Holdings

	Symbol	Grade	Weight in ONLN	Weight in FNGO	Overlap
	AMZN	B	24.82%	9.35%	9.35%

ONLN Overweight 16 Positions Relative to FNGO

Symbol	Grade	Weight
EBAY	A	10.0%
PDD	B	9.98%
CPNG	A	5.91%
BABA	C	5.01%
CHWY	F	4.4%
ETSY	F	4.33%
FIGS	D	4.07%
WSM	B	4.0%
RVLV	C	3.98%
BKE	D	3.97%
W	F	3.65%
CVNA	B	3.55%
MELI	F	2.89%
SE	A	2.47%
JD	A	2.47%
GLBE	F	1.79%

ONLN Underweight 9 Positions Relative to FNGO

Symbol	Grade	Weight
META	D	-12.53%
TSLA	D	-11.71%
NVDA	D	-10.66%
AMD	D	-10.03%
NFLX	D	-9.65%
AAPL	F	-9.39%
SNOW	D	-9.1%
MSFT	C	-8.84%
GOOGL	A	-8.74%

ONLN: Top Represented Industries & Keywords

Industries: Specialty Retail Internet Retail Apparel Manufacturing Apparel Stores Electronic Gaming & Multimedia