ETF Evaluator:
MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs (XLPU)
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Best Performing in Trading--Leveraged Equity Over the Last Year
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ETF Details
MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs Overview
MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs (XLPU) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). BMO Capital Markets launched the ETF in 2026.
The investment seeks to provide three times leveraged participation in the VettaFi U.S. Consumer Staples Fund-Tracking index from one leverage reset day to the next, before taking into account fees and charges.
The index is a total return index that tracks the performance of the State Street® Consumer Staples Select Sector SPDR® ETF and is designed to provide exposure to the consumer staples sector of the S&P 500® Index through a single fund-tracking vehicle.
About MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs (XLPU)
There are 1 members of the management team with an average tenure of 0.06 years: No Manager (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: VettaFi US Cnsmr Stpls Fnd-Trckng TR USD index with a weighting of 100%. MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs has 1 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs is part of the Other global asset class and is within the Miscellaneous ETF group. MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $290 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XLPU Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs expense ratio is high compared to funds in the Trading--Leveraged Equity category. MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs has an expense ratio of 0.95%, which is 1% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 3304% for the Trading--Leveraged Equity category.
Recently, in the month of September 2026, MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs returned 0.0%, which earned it a grade of NA, as the Trading--Leveraged Equity category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
MicroSectors 3x Lng Cnsmr Stpls(XLP)ETNs has a trailing yield of 0.00%, which is below the 5.75% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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XLPU Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XLPU Return (NAV) | na | na | na | na | na | na |
| XLPU Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | -0.0% | -12.6% | 22.6% | 26.9% | 6.4% | 9.0% |
| XLPU Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| XLPU Tax-Cost Ratio | na | na | na | na | na | na |
XLPU Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XLPU Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XLPU Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 16.6% | 42.7% | 29.7% | 64.7% | -37.0% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| XLPU Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | na |
| Expense Ratio: | 0.95% |
| Index Fund: | No |
| Index Tracked: | VettaFi US Cnsmr Stpls Fnd-Trckng TR USD |
| Index Weighting: | 100% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Manager No (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 1 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | BMO Capital Markets |
| Phone Number: | 877-369-5412 |
| Website: | |
| Inception Date: | September 9, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.96% |
