CARU vs. EVAV ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV)

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

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

EVAV

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

EVAV Description

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as swaps and futures to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track twice the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is domiciled in the United States.

Grade (RS Rating)

Last Trade

$19.07

Average Daily Volume

20,697

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	CARU	EVAV
30 Days	25.34%	2.51%
60 Days	18.09%	14.69%
90 Days	5.78%	12.58%
12 Months	72.70%	-49.64%

3 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in EVAV	Overlap
	LCID	F	3.47%	2.37%	2.37%
	RIVN	F	8.97%	5.02%	5.02%
	TSLA	B	11.83%	6.06%	6.06%

CARU Overweight 17 Positions Relative to EVAV

	Symbol	Grade	Weight
	F	C	10.52%
	GM	C	10.14%
	ORLY	B	8.54%
	CVNA	B	8.54%
	AZO	C	8.54%
	KMX	B	4.15%
	GPC	D	4.01%
	STLA	F	3.91%
	AAP	D	3.0%
	LAD	A	2.29%
	AN	C	1.91%
	TM	F	1.91%
	ABG	C	1.31%
	GPI	B	1.26%
	FSS	B	0.91%
	PAG	B	0.87%
	HMC	F	0.78%

CARU Underweight 12 Positions Relative to EVAV

	Symbol	Grade	Weight
	XPEV	C	-6.12%
	NIO	F	-4.51%
	LI	F	-4.12%
	INDI	C	-3.72%
	LAZR	D	-3.68%
	CRNC	C	-3.06%
	BWA	D	-2.94%
	GNTX	C	-2.92%
	EH	D	-2.9%
	PSNY	F	-2.64%
	CHPT	F	-2.46%
	QS	F	-2.13%

CARU: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls

Keywords: Transport Cars S&P 500 Automotive Industry Automotive Products Motor Vehicles Automotive Retail Nasdaq 100 Used Car Vehicle Maintenance Alternator Antifreeze Auto Parts Automotive Aftermarket Automotive Retailer Batteries Car Dealership Chassis Electric Vehicle Paint

EVAV: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto Parts Aerospace & Defense Conglomerates Software - Application

Keywords: Electric Vehicle Transport Cars Motor Vehicles Nasdaq 100 Artificial Intelligence Automotive Manufacturers Charging Station Electric Vehicle Industry In China Powertrain S&P 500 Sport Utility Vehicle Actuator Aircraft Aircraft Manufacturers Alarms Artificial Intelligence Services Automotive Systems Aviation Axle