HBD vs. FXM ETF Comparison

Comparison of Horizons BetaPro COMEX Gold Bullion Bear Plus ETF (HBD) to First Asset Morningstar Canada Value Index ETF (FXM)

HBD

Horizons BetaPro COMEX Gold Bullion Bear Plus ETF

HBD Description

Horizons BetaPro COMEX Gold Bullion Bear Plus ETF (the ETF) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the COMEX Gold Bullion Index. ProFund Advisors LLC acts as the portfolio manager of the ETF. The Horizons BetaPro Funds are managed by BetaPro Management Inc.

Grade (RS Rating)

Last Trade

$6.24

Average Daily Volume

10,217

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

FXM

First Asset Morningstar Canada Value Index ETF

FXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value Index™ , net of expenses. The ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.

Grade (RS Rating)

Last Trade

$25.94

Average Daily Volume

2,116

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	HBD	FXM
30 Days	0.97%	4.64%
60 Days	-5.17%	8.22%
90 Days	-14.64%	11.47%
12 Months	-42.06%	28.67%

4 Overlapping Holdings

	Symbol	Grade	Weight in HBD	Weight in FXM	Overlap
	IMG	B	7.64%	3.6%	3.6%
	IMG	B	7.64%	3.6%	3.6%
	K	C	6.21%	3.54%	3.54%
	K	C	6.21%	3.54%	3.54%

HBD Overweight 0 Positions Relative to FXM

	Symbol	Grade	Weight

HBD Underweight 8 Positions Relative to FXM

	Symbol	Grade	Weight
	CLS	B	-4.84%
	HBM	B	-4.14%
	GLXY	B	-3.97%
	CPX	A	-3.75%
	TA	B	-3.71%
	CG	D	-3.41%
	MEG	C	-3.39%
	MFC	A	-3.39%

HBD: Top Represented Industries & Keywords

Industries: Gold

Keywords: Gold Mines Mining Bank Extraction Fairbanks Gold Mines Gold Mining Gold Mining Properties Iamgold Kayes Region Kinross Gold Mauritania Minas Gerais Mineral Mineral Resource Properties Nye Nye County Sadiola Suri

FXM: Top Represented Industries & Keywords

Industries: Gold Capital Markets Contract Manufacturers Copper Insurance - Life Oil & Gas E&P Utilities - Independent Power Producers Utilities - Regulated Electric

Keywords: Mining Energy Gold Mines Solar Asset Management Bank Extraction Gold Mines Gold Mining Health Marketing Mineral Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca