CARU vs. CARD ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)
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
$26.63
Average Daily Volume
117
20
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
Performance
| Period | CARU | CARD |
|---|---|---|
| 30 Days | 26.28% | -26.06% |
| 60 Days | 20.90% | -25.14% |
| 90 Days | 15.54% | -25.08% |
| 12 Months | 50.75% | -67.33% |
20 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in CARD | Overlap | |
|---|---|---|---|---|---|
| AAP | C | 3.0% | 3.0% | 3.0% | |
| ABG | B | 1.31% | 1.31% | 1.31% | |
| AN | C | 1.91% | 1.91% | 1.91% | |
| AZO | B | 8.54% | 8.54% | 8.54% | |
| CVNA | B | 8.54% | 8.54% | 8.54% | |
| F | C | 10.52% | 10.52% | 10.52% | |
| FSS | C | 0.91% | 0.91% | 0.91% | |
| GM | B | 10.14% | 10.14% | 10.14% | |
| GPC | D | 4.01% | 4.01% | 4.01% | |
| GPI | B | 1.26% | 1.26% | 1.26% | |
| HMC | F | 0.78% | 0.78% | 0.78% | |
| KMX | B | 4.15% | 4.15% | 4.15% | |
| LAD | B | 2.29% | 2.29% | 2.29% | |
| LCID | F | 3.47% | 3.47% | 3.47% | |
| ORLY | A | 8.54% | 8.54% | 8.54% | |
| PAG | B | 0.87% | 0.87% | 0.87% | |
| RIVN | F | 8.97% | 8.97% | 8.97% | |
| STLA | F | 3.91% | 3.91% | 3.91% | |
| TM | F | 1.91% | 1.91% | 1.91% | |
| TSLA | B | 11.83% | 11.83% | 11.83% |
CARU Overweight 0 Positions Relative to CARD
| Symbol | Grade | Weight |
|---|
CARU Underweight 0 Positions Relative to CARD
| Symbol | Grade | Weight |
|---|
CARU: Top Represented Industries & Keywords
CARD: Top Represented Industries & Keywords
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