CARD vs. RNEW ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to VanEck Green Infrastructure ETF (RNEW)
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
$7.44
Average Daily Volume
1,947
20
RNEW
VanEck Green Infrastructure ETF
RNEW Description
The fund normally invests at least 80% of its total assets in securities of Green Infrastructure Companies. The index is a U.S. index that tracks the performance of Green Infrastructure Companies. "Green Infrastructure Companies" are companies that seek to positively impact the environment through the production, transmission, or distribution of green energy and/or through the establishment of sustainable infrastructure to facilitate the use of green energy. The fund is non-diversified.Grade (RS Rating)
Last Trade
$0.00
Average Daily Volume
128
39
Performance
| Period | CARD | RNEW |
|---|---|---|
| 30 Days | -29.49% | 1.49% |
| 60 Days | -30.26% | -0.09% |
| 90 Days | -31.19% | 1.56% |
| 12 Months | -70.26% | 12.58% |
CARD Underweight 36 Positions Relative to RNEW
| Symbol | Grade | Weight | |
|---|---|---|---|
| LNG | B | -6.86% | |
| PWR | B | -6.03% | |
| CLH | B | -6.0% | |
| RSG | A | -5.71% | |
| WM | A | -5.62% | |
| ECL | C | -5.24% | |
| DCI | A | -4.93% | |
| BWA | B | -4.14% | |
| FSLR | F | -3.26% | |
| CWST | A | -3.22% | |
| IDA | A | -3.11% | |
| ITRI | B | -2.99% | |
| SWX | B | -2.9% | |
| ORA | C | -2.65% | |
| ENPH | F | -2.39% | |
| NWE | C | -1.77% | |
| BE | B | -1.62% | |
| CWEN | D | -1.21% | |
| RUN | F | -1.19% | |
| NFE | F | -1.05% | |
| NEP | F | -0.85% | |
| PLUG | D | -0.77% | |
| SPH | B | -0.63% | |
| ERII | B | -0.6% | |
| ARRY | C | -0.53% | |
| SHLS | D | -0.52% | |
| AMRC | F | -0.52% | |
| REX | C | -0.45% | |
| MNTK | D | -0.4% | |
| MEG | F | -0.39% | |
| GPRE | F | -0.38% | |
| CLNE | C | -0.36% | |
| AMPS | C | -0.29% | |
| CHPT | F | -0.27% | |
| NOVA | F | -0.23% | |
| SES | F | -0.06% |
CARD: Top Represented Industries & Keywords
RNEW: Top Represented Industries & Keywords
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