CARD vs. TOLL ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Tema Monopolies and Oligopolies ETF (TOLL)
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
$7.99
Average Daily Volume
2,020
20
TOLL
Tema Monopolies and Oligopolies ETF
TOLL Description
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl"Hirschman (HHI) index of the market of operation representing more than 50% of the company"s revenue is above 2,500. The fund is non-diversified.Grade (RS Rating)
Last Trade
$33.30
Average Daily Volume
1,706
28
Performance
| Period | CARD | TOLL |
|---|---|---|
| 30 Days | -26.06% | -1.37% |
| 60 Days | -25.14% | -0.21% |
| 90 Days | -25.08% | 1.57% |
| 12 Months | -67.33% | 27.51% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARD | Weight in TOLL | Overlap |
|---|
CARD Overweight 20 Positions Relative to TOLL
CARD Underweight 28 Positions Relative to TOLL
| Symbol | Grade | Weight | |
|---|---|---|---|
| GE | D | -6.0% | |
| MCO | C | -5.66% | |
| ICE | C | -5.4% | |
| FICO | B | -5.27% | |
| V | A | -5.22% | |
| SPGI | C | -4.44% | |
| SHW | A | -4.21% | |
| INTU | A | -3.46% | |
| VMC | B | -3.33% | |
| MSCI | B | -3.23% | |
| CPRT | A | -3.16% | |
| EFX | F | -2.96% | |
| TER | F | -2.87% | |
| KLAC | F | -2.82% | |
| TYL | B | -2.72% | |
| AON | B | -2.69% | |
| CME | B | -2.68% | |
| WAT | B | -2.5% | |
| TMO | F | -2.35% | |
| LRCX | F | -2.31% | |
| TECH | D | -2.1% | |
| ADI | D | -2.04% | |
| LOW | B | -2.03% | |
| CNI | F | -1.95% | |
| IDXX | F | -1.51% | |
| DE | D | -1.51% | |
| GILD | B | -1.18% | |
| BDX | F | -0.98% |
CARD: Top Represented Industries & Keywords
TOLL: Top Represented Industries & Keywords
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