WTID vs. IEO ETF Comparison

Comparison of Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs (WTID) to iShares U.S. Oil & Gas Exploration & Production ETF (IEO)

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

IEO

iShares U.S. Oil & Gas Exploration & Production ETF

IEO Description

The investment seeks to track the investment results of an index composed of U.S. equities in the oil and gas exploration and production sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Oil Exploration & Production Index (the "underlying index"), which measures the performance of the oil exploration and production sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$100.87

Average Daily Volume

105,920

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	WTID	IEO
30 Days	-13.82%	8.65%
60 Days	-17.94%	8.14%
90 Days	-9.12%	5.12%
12 Months	-33.80%	10.46%

7 Overlapping Holdings

	Symbol	Grade	Weight in WTID	Weight in IEO	Overlap
	COP	C	12.36%	19.6%	12.36%
	DVN	F	5.38%	4.18%	4.18%
	EOG	A	6.48%	10.69%	6.48%
	EQT	B	5.36%	3.88%	3.88%
	MPC	D	7.85%	7.5%	7.5%
	PSX	C	6.04%	6.16%	6.04%
	VLO	C	7.49%	4.22%	4.22%

WTID Overweight 3 Positions Relative to IEO

	Symbol	Grade	Weight
	XOM	B	15.0%
	CVX	A	15.0%
	OXY	D	9.69%

WTID Underweight 3 Positions Relative to IEO

	Symbol	Grade	Weight
	FANG	C	-4.76%
	HES	B	-4.6%
	TPL	A	-3.93%

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

IEO: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Real Estate - General

Keywords: S&P 500 Petroleum Industry Natural Gas Natural Gas Liquids Crude Oil Midstream Petroleum Petroleum Products Filling Station Gas Gathering Gas Reserves Gasoline Natural Gas Gathering Natural Gas Processing Natural Gas Reserves Permian Basin Propane Refined Products Sulfur Transports Crude Oil