CARU vs. ARKX ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to ARK Space Exploration & Innovation ETF (ARKX)
CARU
Bank Of Montreal MAX Auto Industry 3x Leveraged ETN
CARU Description
CARU is an aggressive and bullish one-day bet on the US auto industry. The fund provides 3x daily leveraged 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, CARU 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
$26.83
Average Daily Volume
157
20
ARKX
ARK Space Exploration & Innovation ETF
ARKX Description
The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.Grade (RS Rating)
Last Trade
$18.51
Average Daily Volume
68,559
25
Performance
| Period | CARU | ARKX |
|---|---|---|
| 30 Days | 25.34% | 11.51% |
| 60 Days | 18.09% | 19.11% |
| 90 Days | 5.78% | 20.66% |
| 12 Months | 72.70% | 31.44% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in ARKX | Overlap |
|---|
CARU Overweight 20 Positions Relative to ARKX
CARU Underweight 25 Positions Relative to ARKX
| Symbol | Grade | Weight | |
|---|---|---|---|
| KTOS | B | -9.84% | |
| RKLB | A | -9.73% | |
| IRDM | D | -8.3% | |
| AVAV | C | -7.36% | |
| TRMB | B | -6.82% | |
| TER | F | -5.43% | |
| LHX | C | -4.58% | |
| AMZN | C | -3.85% | |
| PLTR | B | -3.78% | |
| ACHR | B | -3.22% | |
| BLDE | C | -3.2% | |
| GRMN | B | -2.77% | |
| DE | B | -2.28% | |
| JOBY | B | -2.2% | |
| GOOG | C | -2.13% | |
| PRNT | B | -1.77% | |
| HEI | A | -1.56% | |
| HON | C | -1.42% | |
| TDY | B | -1.36% | |
| PATH | C | -1.25% | |
| SNPS | B | -1.2% | |
| LMT | D | -1.2% | |
| AMD | F | -1.12% | |
| ANSS | B | -0.99% | |
| DDD | C | -0.77% |
CARU: Top Represented Industries & Keywords
ARKX: Top Represented Industries & Keywords
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