CARD vs. TBLU ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Tortoise Global Water ESG Fund (TBLU)
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
$7.88
Average Daily Volume
2,069
20
TBLU
Tortoise Global Water ESG Fund
TBLU Description
The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water ESG Net Total Return IndexSM. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.Grade (RS Rating)
Last Trade
$42.95
Average Daily Volume
4,107
22
Performance
| Period | CARD | TBLU |
|---|---|---|
| 30 Days | -25.66% | -1.99% |
| 60 Days | -23.21% | 4.49% |
| 90 Days | -17.32% | 16.24% |
| 12 Months | -71.20% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARD | Weight in TBLU | Overlap |
|---|
CARD Overweight 20 Positions Relative to TBLU
CARD Underweight 22 Positions Relative to TBLU
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANET | C | -5.99% | |
| ERII | D | -4.87% | |
| CNM | D | -4.29% | |
| BMI | B | -4.12% | |
| ECL | D | -3.94% | |
| FELE | B | -3.53% | |
| AOS | F | -3.49% | |
| WMS | F | -3.42% | |
| AWK | C | -3.37% | |
| WTRG | B | -3.32% | |
| FBIN | D | -3.11% | |
| IEX | C | -2.92% | |
| LNN | B | -2.13% | |
| MWA | B | -1.92% | |
| PNR | A | -1.51% | |
| WTTR | A | -1.35% | |
| MEG | F | -1.3% | |
| TTEK | F | -0.37% | |
| WTS | B | -0.33% | |
| VLTO | C | -0.31% | |
| XYL | D | -0.27% | |
| ZWS | B | -0.17% |
CARD: Top Represented Industries & Keywords
TBLU: Top Represented Industries & Keywords
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