CARU vs. FXZ ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to First Trust Materials AlphaDEX Fund (FXZ)
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
FXZ
First Trust Materials AlphaDEX Fund
FXZ Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Materials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the materials and processing sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$64.85
Average Daily Volume
26,530
36
Performance
| Period | CARU | FXZ |
|---|---|---|
| 30 Days | 25.34% | -2.55% |
| 60 Days | 18.09% | 0.78% |
| 90 Days | 5.78% | -0.44% |
| 12 Months | 72.70% | 5.11% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in FXZ | Overlap |
|---|
CARU Overweight 20 Positions Relative to FXZ
CARU Underweight 36 Positions Relative to FXZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| STLD | B | -5.6% | |
| RS | B | -5.43% | |
| X | B | -5.13% | |
| NUE | C | -4.95% | |
| LYB | F | -4.36% | |
| FMC | D | -4.18% | |
| CF | A | -4.11% | |
| NEU | D | -4.03% | |
| MOS | F | -3.99% | |
| EMN | C | -3.68% | |
| TKR | D | -3.63% | |
| IP | A | -3.58% | |
| ASH | F | -3.58% | |
| CLF | F | -3.5% | |
| APD | A | -3.24% | |
| RGLD | C | -3.04% | |
| ECL | D | -2.92% | |
| CC | C | -2.82% | |
| CE | F | -2.75% | |
| OLN | F | -2.62% | |
| WLK | D | -2.56% | |
| FAST | B | -2.32% | |
| ESI | B | -2.09% | |
| LIN | C | -1.91% | |
| AVY | F | -1.81% | |
| SCCO | F | -1.75% | |
| FCX | F | -1.73% | |
| HUN | F | -1.64% | |
| AA | A | -1.01% | |
| ALB | B | -0.97% | |
| RBC | A | -0.93% | |
| MP | C | -0.92% | |
| HXL | F | -0.85% | |
| SMG | C | -0.76% | |
| IFF | D | -0.73% | |
| NEM | D | -0.68% |
CARU: Top Represented Industries & Keywords
FXZ: Top Represented Industries & Keywords
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