CARU vs. DIVP ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Cullen Enhanced Equity Income ETF (DIVP)
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
DIVP
Cullen Enhanced Equity Income ETF
DIVP Description
DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.Grade (RS Rating)
Last Trade
$26.90
Average Daily Volume
1,551
32
Performance
| Period | CARU | DIVP |
|---|---|---|
| 30 Days | 25.34% | 1.33% |
| 60 Days | 18.09% | 1.78% |
| 90 Days | 5.78% | 3.75% |
| 12 Months | 72.70% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in DIVP | Overlap | |
|---|---|---|---|---|---|
| GPC | F | 4.01% | 1.81% | 1.81% |
CARU Underweight 31 Positions Relative to DIVP
| Symbol | Grade | Weight | |
|---|---|---|---|
| CSCO | B | -4.46% | |
| EOG | A | -4.39% | |
| BMY | B | -4.1% | |
| MDT | D | -3.88% | |
| VICI | C | -3.83% | |
| DUK | C | -3.6% | |
| PPL | A | -3.6% | |
| CVX | A | -3.51% | |
| PM | A | -3.47% | |
| C | B | -3.35% | |
| TFC | B | -3.34% | |
| BAC | A | -3.33% | |
| KVUE | A | -3.28% | |
| CAG | D | -3.25% | |
| VZ | C | -3.24% | |
| CMCSA | B | -3.23% | |
| XOM | A | -3.22% | |
| MRK | F | -3.12% | |
| SYY | D | -2.92% | |
| RTX | D | -2.89% | |
| DOC | D | -2.86% | |
| MO | A | -2.73% | |
| BAX | F | -2.67% | |
| IBM | C | -2.62% | |
| JCI | B | -2.55% | |
| JPM | B | -2.41% | |
| TRV | B | -2.21% | |
| DOW | F | -2.1% | |
| GD | D | -2.03% | |
| RIO | D | -1.81% | |
| UPS | C | -1.75% |
CARU: Top Represented Industries & Keywords
DIVP: Top Represented Industries & Keywords
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