CARU vs. QCLN ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
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

$26.63

Average Daily Volume

117

Number of Holdings *

20

* may have additional holdings in another (foreign) market
QCLN

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN 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 NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger Index weighting and includes caps to prevent high concentrations among larger alternative energy stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.07

Average Daily Volume

109,746

Number of Holdings *

46

* may have additional holdings in another (foreign) market
Performance
Period CARU QCLN
30 Days 26.28% -2.33%
60 Days 20.90% -4.79%
90 Days 15.54% -2.55%
12 Months 50.75% -9.14%
3 Overlapping Holdings
Symbol Grade Weight in CARU Weight in QCLN Overlap
LCID F 3.47% 2.82% 2.82%
RIVN F 8.97% 4.99% 4.99%
TSLA B 11.83% 11.16% 11.16%
CARU Overweight 17 Positions Relative to QCLN
Symbol Grade Weight
F C 10.52%
GM B 10.14%
ORLY A 8.54%
CVNA B 8.54%
AZO B 8.54%
KMX B 4.15%
GPC D 4.01%
STLA F 3.91%
AAP C 3.0%
LAD B 2.29%
AN C 1.91%
TM F 1.91%
ABG B 1.31%
GPI B 1.26%
FSS C 0.91%
PAG B 0.87%
HMC F 0.78%
CARU Underweight 43 Positions Relative to QCLN
Symbol Grade Weight
ON F -7.69%
FSLR F -7.07%
AYI A -5.21%
ENPH F -5.12%
ALB C -4.43%
OLED F -3.97%
ITRI B -2.98%
ORA B -2.69%
AEIS B -2.41%
ALGM F -2.32%
ENS D -2.22%
POWI D -2.05%
HASI F -2.04%
MP C -1.77%
RUN F -1.44%
FLNC C -1.36%
BE B -1.35%
CWEN D -1.21%
VICR C -1.04%
NEP F -0.94%
PLUG D -0.94%
WOLF F -0.94%
SQM F -0.82%
RNW F -0.73%
ASPN F -0.7%
AMRC F -0.6%
AMSC B -0.59%
PSNY F -0.55%
SHLS F -0.52%
ARRY C -0.49%
MNTK D -0.47%
SEDG F -0.46%
CLNE C -0.39%
WLDN C -0.33%
EOSE D -0.3%
LYTS B -0.29%
AMPS C -0.28%
CHPT F -0.28%
NOVA F -0.23%
LNZA F -0.2%
WBX F -0.1%
BLNK F -0.1%
TPIC F -0.08%
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