SHNY vs. QAI ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043 (SHNY) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

SHNY

Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043

SHNY Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Solactive Global Silver Miners Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure broad based equity market performance of companies involved in the silver mining industry, as defined by Structured Solutions AG. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.57

Average Daily Volume

13,247

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QAI

IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF

QAI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Grade (RS Rating)

Last Trade

$30.72

Average Daily Volume

99,221

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHNY	QAI
30 Days	-2.48%	-0.45%
60 Days	21.63%	0.56%
90 Days	33.26%	2.43%
12 Months	5.69%	9.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHNY	Weight in QAI	Overlap

SHNY Overweight 1 Positions Relative to QAI

	Symbol	Grade	Weight
	SIL	B	98.74%

SHNY Underweight 41 Positions Relative to QAI

Symbol	Grade	Weight
FLOT	A	-15.77%
MUB	B	-3.6%
SIVR	B	-0.0%
GLDM	B	--0.01%
SPHQ	C	--0.01%
PIN	A	--0.01%
FLJP	C	--0.01%
VGLT	D	--0.02%
CTA	A	--0.03%
BBJP	B	--0.04%
SCHG	B	--0.04%
KMLM	D	--0.05%
COMT	B	--0.05%
VMBS	C	--0.07%
PFFD	C	--0.08%
MBB	C	--0.12%
ARB	B	--0.17%
DBMF	B	--0.18%
SOXX	D	--0.18%
HYLB	A	--0.23%
MTUM	C	--0.3%
PDBC	B	--0.34%
DBA	C	--0.36%
SRLN	A	--0.41%
SCHR	D	--0.41%
JEPI	D	--0.45%
PFF	B	--0.47%
BKLN	A	--0.53%
JEPQ	A	--0.55%
VTEB	B	--0.55%
FXB	C	--0.57%
ICVT	C	--0.57%
STIP	A	--0.57%
MNA	F	--0.71%
FLRN	A	--0.86%
UUP	A	--0.97%
BIL	A	--1.05%
CWB	C	--1.15%
VGIT	D	--1.26%
SGOV	B	--1.28%
BWX	C	--2.08%

SHNY: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Silver Exchange Traded Product Silver Mining Silver Mining Industry

QAI: Top Represented Industries & Keywords

Industries: