CARU vs. MISL ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to First Trust Indxx Aerospace & Defense ETF (MISL)
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
MISL
First Trust Indxx Aerospace & Defense ETF
MISL Description
The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.Grade (RS Rating)
Last Trade
$31.86
Average Daily Volume
32,071
32
Performance
| Period | CARU | MISL |
|---|---|---|
| 30 Days | 25.34% | -1.73% |
| 60 Days | 18.09% | 1.94% |
| 90 Days | 5.78% | 2.72% |
| 12 Months | 72.70% | 33.17% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in MISL | Overlap |
|---|
CARU Overweight 20 Positions Relative to MISL
CARU Underweight 32 Positions Relative to MISL
| Symbol | Grade | Weight | |
|---|---|---|---|
| GD | D | -7.96% | |
| RTX | D | -7.82% | |
| BA | F | -7.46% | |
| TDG | D | -7.35% | |
| LMT | D | -7.27% | |
| HWM | A | -4.44% | |
| HEI | A | -4.26% | |
| LHX | C | -4.11% | |
| LDOS | C | -4.09% | |
| TXT | D | -3.99% | |
| NOC | D | -3.86% | |
| CW | C | -3.83% | |
| CACI | D | -3.04% | |
| PSN | D | -2.95% | |
| WWD | C | -2.86% | |
| RKLB | A | -2.39% | |
| KBR | F | -2.22% | |
| HII | F | -2.12% | |
| NPAB | F | -2.1% | |
| MOG.A | B | -1.93% | |
| SAIC | F | -1.73% | |
| AVAV | C | -1.59% | |
| HXL | F | -1.36% | |
| KTOS | B | -1.06% | |
| SPR | D | -0.98% | |
| AIR | B | -0.67% | |
| MRCY | C | -0.67% | |
| TGI | B | -0.38% | |
| LUNR | B | -0.36% | |
| DCO | C | -0.28% | |
| ATRO | D | -0.16% | |
| NPK | B | -0.15% |
CARU: Top Represented Industries & Keywords
MISL: Top Represented Industries & Keywords
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