SLX vs. NRGD ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD)
SLX
Market Vectors Steel Index ETF Fund
SLX Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the steel industry. Such companies may include medium-capitalization companies and foreign issuers. The fund may also utilize convertible securities and participation notes to seek performance that corresponds to the Steel Index. It is non-diversified.
Grade (RS Rating)
Last Trade
$69.86
Average Daily Volume
17,042
25
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
$137.37
Average Daily Volume
42,904
10
Performance
| Period | SLX | NRGD |
|---|---|---|
| 30 Days | -3.07% | -12.88% |
| 60 Days | -2.10% | -33.37% |
| 90 Days | -0.92% | -38.40% |
| 12 Months | 19.92% | -57.52% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in NRGD | Overlap |
|---|
SLX Overweight 25 Positions Relative to NRGD
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | A | 10.71% | |
| VALE | D | 8.04% | |
| NUE | D | 6.1% | |
| HCC | A | 5.37% | |
| CRS | A | 5.36% | |
| TS | B | 4.8% | |
| RS | D | 4.79% | |
| STLD | B | 4.76% | |
| TX | A | 4.72% | |
| MT | D | 4.66% | |
| GGB | F | 4.65% | |
| CMC | D | 4.44% | |
| ATI | A | 4.38% | |
| X | F | 4.3% | |
| PKX | D | 4.29% | |
| CLF | D | 4.13% | |
| SID | F | 4.09% | |
| ROCK | D | 2.31% | |
| WS | C | 1.7% | |
| RYI | F | 1.11% | |
| RDUS | D | 1.01% | |
| SXC | C | 0.92% | |
| ASTL | D | 0.85% | |
| ZEUS | C | 0.79% | |
| USAP | A | 0.77% |
SLX: Top Represented Industries & Keywords
NRGD: Top Represented Industries & Keywords
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