CARU vs. EQTY ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Kovitz Core Equity ETF (EQTY)
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
$26.70
Average Daily Volume
139
20
EQTY
Kovitz Core Equity ETF
EQTY Description
The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.Grade (RS Rating)
Last Trade
$24.07
Average Daily Volume
36,225
38
Performance
| Period | CARU | EQTY |
|---|---|---|
| 30 Days | 24.25% | 0.78% |
| 60 Days | 14.37% | 4.09% |
| 90 Days | 12.53% | 6.56% |
| 12 Months | 68.00% | 27.72% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in EQTY | Overlap | |
|---|---|---|---|---|---|
| KMX | C | 4.15% | 3.36% | 3.36% |
CARU Underweight 37 Positions Relative to EQTY
| Symbol | Grade | Weight | |
|---|---|---|---|
| META | C | -4.81% | |
| AMZN | B | -4.81% | |
| SCHW | A | -4.68% | |
| GOOG | B | -4.14% | |
| BDX | F | -3.98% | |
| KEYS | A | -3.93% | |
| V | A | -3.77% | |
| CRM | B | -3.76% | |
| PM | A | -3.75% | |
| J | D | -3.58% | |
| ICE | D | -3.4% | |
| FI | A | -3.18% | |
| LOW | C | -3.16% | |
| BRK.A | B | -3.16% | |
| PCAR | C | -3.13% | |
| AXP | B | -3.02% | |
| ORCL | A | -2.96% | |
| AON | B | -2.92% | |
| JPM | B | -2.57% | |
| PPG | F | -2.36% | |
| MSI | A | -2.08% | |
| AAPL | C | -1.89% | |
| DLTR | F | -1.86% | |
| ANET | D | -1.84% | |
| ADI | D | -1.73% | |
| DEO | F | -1.72% | |
| AMAT | F | -1.67% | |
| HAS | D | -1.07% | |
| AMD | F | -0.94% | |
| HAYW | B | -0.65% | |
| GOOGL | B | -0.49% | |
| MSFT | D | -0.24% | |
| SYK | A | -0.13% | |
| GGG | B | -0.1% | |
| VRSK | A | -0.08% | |
| ABT | B | -0.06% | |
| EFX | F | -0.06% |
CARU: Top Represented Industries & Keywords
EQTY: Top Represented Industries & Keywords
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