CARU vs. IYM ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to iShares U.S. Basic Materials ETF (IYM)
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
IYM
iShares U.S. Basic Materials ETF
IYM Description
The investment seeks to track the investment results of an index composed of U.S. equities in the basic materials sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Basic Materials Index (the "underlying index"), which measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$146.04
Average Daily Volume
12,335
35
Performance
| Period | CARU | IYM |
|---|---|---|
| 30 Days | 25.34% | -3.76% |
| 60 Days | 18.09% | 0.80% |
| 90 Days | 5.78% | 1.43% |
| 12 Months | 72.70% | 14.73% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in IYM | Overlap |
|---|
CARU Overweight 20 Positions Relative to IYM
CARU Underweight 35 Positions Relative to IYM
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | C | -21.46% | |
| APD | A | -8.43% | |
| FCX | F | -7.45% | |
| ECL | D | -7.43% | |
| FAST | B | -4.33% | |
| NUE | C | -3.6% | |
| NEM | D | -3.53% | |
| STLD | B | -3.39% | |
| IP | A | -3.26% | |
| RS | B | -2.93% | |
| IFF | D | -2.7% | |
| LYB | F | -2.68% | |
| CF | A | -2.59% | |
| AVY | F | -2.54% | |
| ALB | B | -1.98% | |
| EMN | C | -1.95% | |
| AA | A | -1.71% | |
| RGLD | C | -1.52% | |
| RBC | A | -1.47% | |
| MOS | F | -1.39% | |
| X | B | -1.34% | |
| CE | F | -1.33% | |
| FMC | D | -1.14% | |
| ESI | B | -1.05% | |
| CLF | F | -0.91% | |
| HXL | F | -0.81% | |
| OLN | F | -0.81% | |
| TKR | D | -0.8% | |
| WLK | D | -0.7% | |
| ASH | F | -0.65% | |
| NEU | D | -0.61% | |
| HUN | F | -0.52% | |
| SMG | C | -0.52% | |
| CC | C | -0.48% | |
| MP | C | -0.4% |
CARU: Top Represented Industries & Keywords
IYM: Top Represented Industries & Keywords
Compare ETFs
