CARU vs. MAKX ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to ProShares S&P Kensho Smart Factories ETF (MAKX)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MAKX

ProShares S&P Kensho Smart Factories ETF

MAKX Description

ProShares S&P Kensho Smart Factories ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies focused on building the technology empowering the digitalization of manufacturing activities sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. ProShares S&P Kensho Smart Factories ETF is domiciled in the United States. The investment seeks results, before fees and expenses, that track the performance of the S&P Kensho Smart Factories Index.

Grade (RS Rating)

Last Trade

$40.81

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARU	MAKX
30 Days	24.25%	7.64%
60 Days	14.37%	10.85%
90 Days	12.53%	13.39%
12 Months	68.00%	23.82%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in MAKX	Overlap

CARU Overweight 20 Positions Relative to MAKX

Symbol	Grade	Weight
TSLA	B	11.83%
F	C	10.52%
GM	B	10.14%
RIVN	F	8.97%
ORLY	B	8.54%
CVNA	B	8.54%
AZO	C	8.54%
KMX	C	4.15%
GPC	F	4.01%
STLA	F	3.91%
LCID	F	3.47%
AAP	D	3.0%
LAD	B	2.29%
AN	D	1.91%
TM	F	1.91%
ABG	B	1.31%
GPI	B	1.26%
FSS	B	0.91%
PAG	C	0.87%
HMC	F	0.78%

CARU Underweight 19 Positions Relative to MAKX

Symbol	Grade	Weight
ADSK	A	-7.93%
EMR	A	-6.34%
ROK	B	-5.79%
AIT	B	-5.26%
FARO	B	-5.14%
OUST	C	-4.88%
CGNX	D	-4.84%
AMBA	B	-4.76%
SKM	C	-4.7%
ZBRA	B	-4.66%
SANM	B	-4.53%
DOV	B	-4.14%
PTC	B	-4.03%
SSYS	B	-3.92%
DDD	C	-3.84%
ON	F	-3.57%
AMAT	F	-3.38%
PKX	F	-2.69%
TKC	B	-1.78%

CARU: Top Represented Industries & Keywords

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