CARU vs. CEFA ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA)
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
$29.10
Average Daily Volume
157
20
CEFA
Global X S&P Catholic Values Developed ex-U.S. ETF
CEFA Description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to developed market equity securities outside the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. It is non-diversified.Grade (RS Rating)
Last Trade
$30.47
Average Daily Volume
1,706
28
Performance
| Period | CARU | CEFA |
|---|---|---|
| 30 Days | 38.43% | -2.27% |
| 60 Days | 28.09% | -5.60% |
| 90 Days | 14.74% | -5.40% |
| 12 Months | 87.33% | 8.00% |
CARU Underweight 25 Positions Relative to CEFA
| Symbol | Grade | Weight | |
|---|---|---|---|
| UL | D | -1.66% | |
| HSBH | B | -1.17% | |
| MUFG | B | -1.0% | |
| ABBV | D | -0.84% | |
| DEO | F | -0.77% | |
| SMFG | B | -0.65% | |
| ICLR | D | -0.52% | |
| SPOT | B | -0.49% | |
| MFG | B | -0.41% | |
| BCS | C | -0.34% | |
| LYG | F | -0.31% | |
| SE | B | -0.25% | |
| E | F | -0.22% | |
| CCEP | C | -0.19% | |
| CHKP | D | -0.12% | |
| NMR | B | -0.12% | |
| GRAB | B | -0.11% | |
| XRX | F | -0.11% | |
| MBAVU | D | -0.11% | |
| CYBR | B | -0.09% | |
| MNDY | C | -0.08% | |
| WIX | B | -0.07% | |
| INMD | C | -0.04% | |
| GLBE | B | -0.03% | |
| FROG | C | -0.02% |
CARU: Top Represented Industries & Keywords
CEFA: Top Represented Industries & Keywords
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