TAGS vs. BNKD ETF Comparison
Comparison of Teucrium Agricultural Fund ETV (TAGS) to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)
TAGS
Teucrium Agricultural Fund ETV
TAGS Description
The Teucrium Agricultural Fund (NYSE: TAGS) provides investors exposure to four core agricultural commodities, namely, corn, wheat, soybeans, and sugar, without the need for a futures account. TAGS invests directly in shares of the following four Teucrium Funds: Teucrium Corn Fund, Teucrium Soybean Fund, Teucrium Sugar Fund and Teucrium Wheat Fund (the “Underlying Funds”). The Underlying Funds were designed to reduce the effects of backwardation and contango. The investment objective of the Fund is to have the daily changes in percentage terms of the Shares’ NAV reflect the daily changes in percentage terms of a weighted average (the “Underlying Fund Average”) of the NAVs per share of the Underlying Funds. The Fund seeks to achieve its investment objective by investing under normal market conditions in the publicly-traded shares of each Underlying Fund so that the Underlying Fund Average will have a weighting of 25% to each Underlying Fund, and the Fund’s assets will be rebalanced, generally on a daily basis, to maintain the approximate 25% allocation to each Underlying Fund.
Grade (RS Rating)
Last Trade
$27.87
Average Daily Volume
2,899
4
BNKD
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs
BNKD Description
The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. 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. stocks with the largest market capitalization in the banking sector.Grade (RS Rating)
Last Trade
$4.55
Average Daily Volume
425,204
10
Performance
| Period | TAGS | BNKD |
|---|---|---|
| 30 Days | -0.44% | -5.28% |
| 60 Days | 2.24% | -22.85% |
| 90 Days | -3.96% | -26.27% |
| 12 Months | -10.07% | -66.06% |
0 Overlapping Holdings
| Symbol | Grade | Weight in TAGS | Weight in BNKD | Overlap |
|---|
TAGS: Top Represented Industries & Keywords
BNKD: Top Represented Industries & Keywords
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