CARU vs. TBLU ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Tortoise Global Water ESG Fund (TBLU)
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
$29.10
Average Daily Volume
157
20
TBLU
Tortoise Global Water ESG Fund
TBLU Description
The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water ESG Net Total Return IndexSM. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.Grade (RS Rating)
Last Trade
$42.95
Average Daily Volume
4,107
22
Performance
| Period | CARU | TBLU |
|---|---|---|
| 30 Days | 38.43% | -1.99% |
| 60 Days | 28.09% | 4.49% |
| 90 Days | 14.74% | 16.24% |
| 12 Months | 87.33% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in TBLU | Overlap |
|---|
CARU Overweight 20 Positions Relative to TBLU
CARU Underweight 22 Positions Relative to TBLU
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANET | C | -5.99% | |
| ERII | D | -4.87% | |
| CNM | D | -4.29% | |
| BMI | B | -4.12% | |
| ECL | D | -3.94% | |
| FELE | B | -3.53% | |
| AOS | F | -3.49% | |
| WMS | D | -3.42% | |
| AWK | D | -3.37% | |
| WTRG | B | -3.32% | |
| FBIN | D | -3.11% | |
| IEX | B | -2.92% | |
| LNN | B | -2.13% | |
| MWA | B | -1.92% | |
| PNR | A | -1.51% | |
| WTTR | B | -1.35% | |
| MEG | F | -1.3% | |
| TTEK | F | -0.37% | |
| WTS | B | -0.33% | |
| VLTO | D | -0.31% | |
| XYL | D | -0.27% | |
| ZWS | B | -0.17% |
CARU: Top Represented Industries & Keywords
TBLU: Top Represented Industries & Keywords
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