CARD vs. MADE ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to iShares U.S. Manufacturing ETF (MADE)
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

$7.95

Average Daily Volume

2,026

Number of Holdings *

20

* may have additional holdings in another (foreign) market
MADE

iShares U.S. Manufacturing ETF

MADE Description The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.34

Average Daily Volume

6,040

Number of Holdings *

98

* may have additional holdings in another (foreign) market
Performance
Period CARD MADE
30 Days -25.03% 1.93%
60 Days -20.69% 4.58%
90 Days -22.99% 8.42%
12 Months -70.44%
5 Overlapping Holdings
Symbol Grade Weight in CARD Weight in MADE Overlap
F C 10.52% 3.47% 3.47%
FSS B 0.91% 0.45% 0.45%
GM B 10.14% 4.6% 4.6%
LCID F 3.47% 0.13% 0.13%
RIVN F 8.97% 0.59% 0.59%
CARD Overweight 15 Positions Relative to MADE
Symbol Grade Weight
TSLA B 11.83%
ORLY B 8.54%
CVNA B 8.54%
AZO C 8.54%
KMX C 4.15%
GPC F 4.01%
STLA F 3.91%
AAP D 3.0%
LAD B 2.29%
AN D 1.91%
TM F 1.91%
ABG B 1.31%
GPI B 1.26%
PAG C 0.87%
HMC F 0.78%
CARD Underweight 93 Positions Relative to MADE
Symbol Grade Weight
ETN B -4.44%
PCAR C -4.43%
APH B -4.15%
HON B -4.11%
CMI A -3.93%
AME A -3.63%
DE C -3.63%
TT A -3.21%
PH B -3.1%
RTX D -2.7%
ROK B -2.54%
DOV B -2.25%
CARR D -2.19%
FTV C -2.12%
LMT D -1.99%
HUBB B -1.96%
JCI B -1.95%
TDY B -1.85%
FSLR F -1.55%
SNA B -1.54%
BA D -1.37%
GD D -1.32%
COHR B -1.29%
TDG D -1.25%
NOC D -1.21%
SWK F -1.09%
NVT C -1.03%
LECO C -0.98%
GNRC B -0.93%
RRX B -0.91%
AYI B -0.83%
ALSN B -0.83%
LHX B -0.8%
HWM A -0.78%
FN C -0.75%
AXON A -0.73%
TTC F -0.7%
LII A -0.69%
ENPH F -0.64%
PNR B -0.61%
OSK C -0.59%
MIDD D -0.59%
IEX B -0.59%
MKSI C -0.58%
MSA D -0.53%
LFUS D -0.51%
GGG B -0.51%
VNT C -0.49%
THO C -0.48%
LDOS C -0.45%
BC F -0.44%
ITRI B -0.44%
BDC B -0.41%
AEIS B -0.35%
AAON B -0.34%
ENS D -0.33%
HOG F -0.31%
CR A -0.31%
ESE B -0.3%
AOS F -0.3%
JBT A -0.29%
CW B -0.26%
SPXC A -0.26%
CSWI B -0.25%
LCII C -0.25%
TRN B -0.25%
TXT D -0.25%
ATKR D -0.24%
GTLS A -0.24%
CXT C -0.23%
BMI B -0.23%
BE A -0.22%
GT C -0.22%
WTS B -0.21%
HEI A -0.19%
ZWS B -0.19%
WWD B -0.17%
BWXT B -0.17%
AIN C -0.17%
KBR F -0.16%
MWA B -0.15%
FELE B -0.15%
SAIC F -0.14%
HII F -0.13%
NPO A -0.12%
MOG.A B -0.11%
FOXF F -0.11%
PLUG F -0.1%
ARRY F -0.08%
SHLS F -0.07%
KTOS C -0.07%
SEDG F -0.06%
SPR D -0.06%
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