AADR vs. CARU ETF Comparison
Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU)
AADR
WCM BNY Mellon Focused Growth ADR ETF
AADR Description
The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.
Grade (RS Rating)
Last Trade
$67.36
Average Daily Volume
901
26
CARU
Bank Of Montreal MAX Auto Industry 3x Leveraged ETN
CARU Description
CARU is an aggressive and bullish one-day bet on the US auto industry. The fund provides 3x daily leveraged exposure to a modified liquidity-weighted index that includes firms engaged in automobile manufacturing, automobile parts and retail, and car dealing. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding ETPs. The fund gains its international exposure through the use of ADRs, but will specifically exclude issuers organized in Canada or China. As a geared product, CARU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding. Since the fund uses an ETN structure, investors assume the credit risk of the issuer.Grade (RS Rating)
Last Trade
$26.70
Average Daily Volume
139
20
Performance
| Period | AADR | CARU |
|---|---|---|
| 30 Days | 2.53% | 24.25% |
| 60 Days | 6.09% | 14.37% |
| 90 Days | 9.67% | 12.53% |
| 12 Months | 31.09% | 68.00% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AADR | Weight in CARU | Overlap |
|---|
AADR Overweight 26 Positions Relative to CARU
| Symbol | Grade | Weight | |
|---|---|---|---|
| YPF | A | 6.36% | |
| GGAL | A | 5.56% | |
| NVO | D | 4.85% | |
| BMA | B | 4.69% | |
| ERJ | B | 4.36% | |
| PAM | A | 3.96% | |
| ABBV | F | 3.64% | |
| MUFG | B | 3.6% | |
| QFIN | A | 3.05% | |
| SAP | A | 3.04% | |
| VRNA | A | 2.9% | |
| BCS | A | 2.74% | |
| RELX | D | 2.72% | |
| BBVA | D | 2.68% | |
| MELI | C | 2.68% | |
| SE | A | 2.63% | |
| ERIC | B | 2.58% | |
| SMFG | B | 2.54% | |
| HMY | C | 2.49% | |
| TSM | C | 2.36% | |
| ING | D | 2.13% | |
| TEVA | C | 2.13% | |
| CHKP | C | 2.09% | |
| NVS | D | 2.03% | |
| FUTU | C | 1.79% | |
| TCOM | B | 1.74% |
AADR Underweight 20 Positions Relative to CARU
AADR: Top Represented Industries & Keywords
CARU: Top Represented Industries & Keywords
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