CARU vs. RVER ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)
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
RVER
Advisor Managed Portfolios Trenchless Fund ETF
RVER Description
RVER seeks to outperform the S&P 500 Index over all time horizons through a narrow exposure to the US equity market. The fund typically invests in approximately 12 to 30 US-listed stocks of any market capitalization. The portfolio construction starts by screening companies based on valuation metrics such as free cash flow, net income, EBITDA, and revenue. Securities are then assessed using growth factors, including top and bottom-line revenue and net income growth. This analysis seeks to exclude firms with negative outliers and those the sub-adviser believes are likely to miss earnings expectations. The remaining companies are screened based on a review of the number and size of institutional holders. After these three initial screens, the sub-adviser ranks and selects from the remaining companies based on its view of positive price change potential. As an actively managed fund, the sub-adviser has full discretion to make buy, sell, and hold decisions at any time.Grade (RS Rating)
Last Trade
$29.30
Average Daily Volume
7,443
16
Performance
| Period | CARU | RVER |
|---|---|---|
| 30 Days | 25.34% | 7.79% |
| 60 Days | 18.09% | 12.17% |
| 90 Days | 5.78% | 16.22% |
| 12 Months | 72.70% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in RVER | Overlap |
|---|
CARU Overweight 20 Positions Relative to RVER
CARU: Top Represented Industries & Keywords
RVER: Top Represented Industries & Keywords
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