CARD vs. AQWA ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Global X Clean Water ETF (AQWA)

CARD

Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN

CARD Description

CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse 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, CARD 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

$7.21

Average Daily Volume

2,286

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

AQWA

Global X Clean Water ETF

AQWA Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Clean Water Industry Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that have business operations in the provision of clean water. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.27

Average Daily Volume

1,574

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

Performance

Period	CARD	AQWA
30 Days	-33.65%	1.44%
60 Days	-27.31%	0.19%
90 Days	-24.37%	1.00%
12 Months	-73.66%	20.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARD	Weight in AQWA	Overlap

CARD Overweight 20 Positions Relative to AQWA

	Symbol	Grade	Weight
	TSLA	B	11.83%
	F	C	10.52%
	GM	B	10.14%
	RIVN	F	8.97%
	ORLY	B	8.54%
	CVNA	B	8.54%
	AZO	C	8.54%
	KMX	B	4.15%
	GPC	D	4.01%
	STLA	F	3.91%
	LCID	F	3.47%
	AAP	C	3.0%
	LAD	A	2.29%
	AN	C	1.91%
	TM	D	1.91%
	ABG	B	1.31%
	GPI	A	1.26%
	FSS	B	0.91%
	PAG	B	0.87%
	HMC	F	0.78%

CARD Underweight 21 Positions Relative to AQWA

	Symbol	Grade	Weight
	PNR	A	-8.28%
	AWK	D	-7.76%
	ECL	D	-7.69%
	XYL	D	-7.19%
	WTRG	B	-4.49%
	CNM	D	-4.19%
	AOS	F	-3.84%
	WMS	D	-3.68%
	BMI	B	-3.31%
	ZWS	B	-2.88%
	WTS	B	-2.84%
	FELE	B	-2.12%
	MWA	B	-1.95%
	AWR	B	-1.71%
	CWT	D	-1.58%
	SJW	D	-0.89%
	MSEX	B	-0.59%
	ERII	D	-0.5%
	YORW	D	-0.28%
	ARTNA	D	-0.28%
	CWCO	C	-0.28%

CARD: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls

Keywords: Transport Cars S&P 500 Automotive Industry Automotive Products Motor Vehicles Automotive Retail Nasdaq 100 Used Car Vehicle Maintenance Alternator Antifreeze Auto Parts Automotive Aftermarket Automotive Retailer Batteries Car Dealership Chassis Electric Vehicle Paint

AQWA: Top Represented Industries & Keywords

Industries: Utilities - Regulated Water Diversified Industrials Industrial Distribution Pollution & Treatment Controls Rubber & Plastics Scientific & Technical Instruments Specialty Chemicals

Keywords: Construction Irrigation Plumbing S&P 500 Water Wastewater Services Water Services Water Systems Water Treatment Boiler Chemical Food Service Oil And Gas Stainless Steel Ventilating Water Industry Water Management Water Supply Water Utilities Beverage