CARD vs. NERD ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD)
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
NERD
Roundhill BITKRAFT Esports & Digital Entertainment ETF
NERD Description
The Roundhill BITKRAFT Esports & Digital Entertainment ETF (“NERD ETF”) is designed to offer retail and institutional investors exposure to esports & digital entertainment by providing investment results that closely correspond, before fees and expenses, to the performance of the Roundhill BITKRAFT Esports Index (“NERD Index”). The Roundhill BITKRAFT Esports Index is the first rules-based index designed to track the performance of the growing market of electronic sports, or “esports”. The Index consists of a modified equal-weighted portfolio of globally-listed companies who are actively involved in the competitive video gaming industry. This classification includes, but is not limited to: video game publishers, streaming network operators, video game tournament and league operators/owners, competitive team owners, and hardware companies.Grade (RS Rating)
Last Trade
$19.89
Average Daily Volume
2,615
6
Performance
| Period | CARD | NERD |
|---|---|---|
| 30 Days | -33.65% | 13.46% |
| 60 Days | -27.31% | 13.01% |
| 90 Days | -24.37% | 15.64% |
| 12 Months | -73.66% | 31.85% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARD | Weight in NERD | Overlap |
|---|
CARD Overweight 20 Positions Relative to NERD
CARD: Top Represented Industries & Keywords
NERD: Top Represented Industries & Keywords
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