WTID vs. CRAK ETF Comparison

Comparison of Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs (WTID) to Market Vectors Oil Refiners ETF (CRAK)

WTID

Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs

WTID Description

The investment seeks to provide a three times leveraged inverse exposure to changes in the level of the Bloomberg WTI Crude Oil Subindex ERSM. The index is designed to measure the return from a rolling long position in WTI crude oil futures contracts that trade on major U.S. exchanges.

Grade (RS Rating)

Last Trade

$15.32

Average Daily Volume

952

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

CRAK

Market Vectors Oil Refiners ETF

CRAK Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® Global Oil Refiners Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of equity securities and depositary receipts of companies that generate at least 50% of their revenues from (or, in certain circumstances, have at least 50% of their assets related to) crude oil refining. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.46

Average Daily Volume

5,182

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	WTID	CRAK
30 Days	-13.82%	-2.97%
60 Days	-17.94%	-7.71%
90 Days	-9.12%	-11.79%
12 Months	-33.80%	-6.60%

3 Overlapping Holdings

	Symbol	Grade	Weight in WTID	Weight in CRAK	Overlap
	MPC	D	7.85%	8.54%	7.85%
	PSX	C	6.04%	7.78%	6.04%
	VLO	C	7.49%	7.33%	7.33%

WTID Overweight 7 Positions Relative to CRAK

	Symbol	Grade	Weight
	XOM	B	15.0%
	CVX	A	15.0%
	COP	C	12.36%
	OXY	D	9.69%
	EOG	A	6.48%
	DVN	F	5.38%
	EQT	B	5.36%

WTID Underweight 4 Positions Relative to CRAK

	Symbol	Grade	Weight
	DINO	D	-4.61%
	PBF	D	-2.26%
	DK	C	-0.9%
	PARR	F	-0.82%

WTID: Top Represented Industries & Keywords

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

Keywords: S&P 500 Natural Gas Petroleum Industry Natural Gas Liquids Crude Oil Midstream Petroleum Petroleum Products Chemical Natural Gas Processing Plastic Refined Products Commodity Petrochemicals Gas Gathering Liquefied Natural Gas Natural Gas Gathering Oil And Gas Properties Petrochemical Propane Sulfur

CRAK: Top Represented Industries & Keywords

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

Keywords: Petroleum Industry Petroleum Products Refined Products Sulfur Petroleum S&P 500 Western Refining Chemical Feedstock Crude Oil Crude Oil Transportation Downstream Energy Fuel Gasoline Heating Oil Jobber Marathon Petroleum Natural Gas Oil Storage Petroleum Refiner Propane