CARU vs. RNEW ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to VanEck Green Infrastructure ETF (RNEW)
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

Number of Holdings *

20

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

VanEck Green Infrastructure ETF

RNEW Description The fund normally invests at least 80% of its total assets in securities of Green Infrastructure Companies. The index is a U.S. index that tracks the performance of Green Infrastructure Companies. "Green Infrastructure Companies" are companies that seek to positively impact the environment through the production, transmission, or distribution of green energy and/or through the establishment of sustainable infrastructure to facilitate the use of green energy. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.29

Average Daily Volume

132

Number of Holdings *

39

* may have additional holdings in another (foreign) market
Performance
Period CARU RNEW
30 Days 25.34% 4.52%
60 Days 18.09% 1.13%
90 Days 5.78% -0.95%
12 Months 72.70% 12.92%
3 Overlapping Holdings
Symbol Grade Weight in CARU Weight in RNEW Overlap
LCID F 3.47% 2.83% 2.83%
RIVN F 8.97% 4.73% 4.73%
TSLA B 11.83% 9.97% 9.97%
CARU Overweight 17 Positions Relative to RNEW
Symbol Grade Weight
F C 10.52%
GM C 10.14%
ORLY B 8.54%
CVNA B 8.54%
AZO C 8.54%
KMX B 4.15%
GPC D 4.01%
STLA F 3.91%
AAP D 3.0%
LAD A 2.29%
AN C 1.91%
TM F 1.91%
ABG C 1.31%
GPI B 1.26%
FSS B 0.91%
PAG B 0.87%
HMC F 0.78%
CARU Underweight 36 Positions Relative to RNEW
Symbol Grade Weight
LNG A -6.86%
PWR A -6.03%
CLH C -6.0%
RSG A -5.71%
WM B -5.62%
ECL D -5.24%
DCI B -4.93%
BWA D -4.14%
FSLR F -3.26%
CWST A -3.22%
IDA A -3.11%
ITRI C -2.99%
SWX B -2.9%
ORA B -2.65%
ENPH F -2.39%
NWE B -1.77%
BE B -1.62%
CWEN C -1.21%
RUN F -1.19%
NFE D -1.05%
NEP F -0.85%
PLUG F -0.77%
SPH C -0.63%
ERII D -0.6%
ARRY F -0.53%
SHLS F -0.52%
AMRC F -0.52%
REX D -0.45%
MNTK F -0.4%
MEG F -0.39%
GPRE F -0.38%
CLNE F -0.36%
AMPS C -0.29%
CHPT F -0.27%
NOVA F -0.23%
SES F -0.06%
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