CARU vs. JETD ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD)
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
JETD
Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs
JETD Description
The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.Grade (RS Rating)
Last Trade
$13.24
Average Daily Volume
4,496
17
Performance
| Period | CARU | JETD |
|---|---|---|
| 30 Days | 25.34% | -11.61% |
| 60 Days | 18.09% | -33.31% |
| 90 Days | 5.78% | -39.53% |
| 12 Months | 72.70% | -59.37% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in JETD | Overlap |
|---|
CARU Overweight 20 Positions Relative to JETD
CARU: Top Represented Industries & Keywords
JETD: Top Represented Industries & Keywords
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