CARD vs. FPAG ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to FPA Global Equity ETF (FPAG)
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
20
FPAG
FPA Global Equity ETF
FPAG Description
Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.Grade (RS Rating)
Last Trade
$30.99
Average Daily Volume
28,017
25
Performance
| Period | CARD | FPAG |
|---|---|---|
| 30 Days | -33.65% | 1.22% |
| 60 Days | -27.31% | 1.82% |
| 90 Days | -24.37% | 1.89% |
| 12 Months | -73.66% | 23.71% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARD | Weight in FPAG | Overlap | |
|---|---|---|---|---|---|
| KMX | B | 4.15% | 1.85% | 1.85% |
CARD Underweight 24 Positions Relative to FPAG
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | C | -6.38% | |
| META | D | -5.35% | |
| ADI | D | -5.13% | |
| C | A | -4.88% | |
| CMCSA | B | -4.78% | |
| TEL | B | -4.58% | |
| GOOG | C | -4.17% | |
| IFF | D | -3.84% | |
| WFC | A | -3.66% | |
| AMZN | C | -3.39% | |
| AON | A | -2.69% | |
| AVGO | D | -2.26% | |
| NXPI | D | -2.21% | |
| CHTR | C | -1.75% | |
| KMI | A | -1.72% | |
| MAR | B | -1.69% | |
| FE | C | -1.49% | |
| HWM | A | -1.29% | |
| ICLR | D | -1.26% | |
| WAB | B | -1.23% | |
| UBER | D | -1.16% | |
| NFLX | A | -0.66% | |
| BABA | D | -0.29% | |
| PCG | A | -0.21% |
CARD: Top Represented Industries & Keywords
FPAG: Top Represented Industries & Keywords
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