PXE vs. NRGD ETF Comparison

Comparison of PowerShares Dynamic Energy E&P (PXE) to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD)

PXE

PowerShares Dynamic Energy E&P

PXE Description

The PowerShares Energy Exploration & Production Portfolio (Fund) is based on the Dynamic Energy Exploration & Production IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

49,010

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$154.25

Average Daily Volume

41,410

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PXE	NRGD
30 Days	-6.66%	13.21%
60 Days	4.26%	-18.17%
90 Days	11.40%	-27.14%
12 Months	36.33%	-55.06%

6 Overlapping Holdings

Symbol	Grade	Weight in PXE	Weight in NRGD	Overlap
COP	B	5.11%	10.0%	5.11%
DVN	B	5.26%	10.0%	5.26%
EOG	B	5.18%	10.0%	5.18%
MPC	B	5.25%	10.0%	5.25%
PSX	D	4.62%	10.0%	4.62%
VLO	B	5.34%	10.0%	5.34%

PXE Overweight 23 Positions Relative to NRGD

Symbol	Grade	Weight
FANG	B	5.03%
CTRA	B	4.96%
CRK	B	3.23%
SM	B	3.07%
PBF	B	2.92%
GPOR	B	2.91%
CNX	B	2.88%
PR	B	2.87%
RRC	B	2.87%
MUR	B	2.85%
MRO	B	2.83%
OVV	B	2.83%
CHK	B	2.81%
CHRD	B	2.64%
MTDR	D	2.64%
NFG	A	2.61%
DK	F	2.52%
APA	F	2.48%
CRC	D	2.45%
CRGY	F	2.36%
DINO	D	2.29%
CVI	F	2.25%
PARR	F	2.0%

PXE Underweight 4 Positions Relative to NRGD

Symbol	Grade	Weight
XOM	B	-10.0%
PXD	A	-10.0%
OXY	B	-10.0%
CVX	A	-10.0%

PXE: Top Represented Industries & Keywords

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

NRGD: Top Represented Industries & Keywords

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