"Exchange-Traded Notes: The Facts and the Risks" "Key Points * Exchange-traded notes (ETNs) are not exchange-traded funds (ETFs) * ETNs have characteristics and risks which are different from ETFs * ETN risks may be increasing for investors due to changes in the regulatory environment for issuers" [much more on this important subject...] https://www.schwab.com/resource-center/insights/content/exchange-traded-notes-the-facts-and-the-risks