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

$25.99

Average Daily Volume

139

Number of Holdings *

20

* may have additional holdings in another (foreign) market
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

$7.92

Average Daily Volume

2,026

Number of Holdings *

20

* may have additional holdings in another (foreign) market
Performance
Period CARU CARD
30 Days 24.25% -25.03%
60 Days 14.37% -20.69%
90 Days 12.53% -22.99%
12 Months 68.00% -70.44%
20 Overlapping Holdings
Symbol Grade Weight in CARU Weight in CARD Overlap
AAP D 3.0% 3.0% 3.0%
ABG B 1.31% 1.31% 1.31%
AN D 1.91% 1.91% 1.91%
AZO C 8.54% 8.54% 8.54%
CVNA B 8.54% 8.54% 8.54%
F C 10.52% 10.52% 10.52%
FSS B 0.91% 0.91% 0.91%
GM B 10.14% 10.14% 10.14%
GPC F 4.01% 4.01% 4.01%
GPI B 1.26% 1.26% 1.26%
HMC F 0.78% 0.78% 0.78%
KMX C 4.15% 4.15% 4.15%
LAD B 2.29% 2.29% 2.29%
LCID F 3.47% 3.47% 3.47%
ORLY B 8.54% 8.54% 8.54%
PAG C 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%
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