CARU vs. XHB ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to SPDR Homebuilders ETF (XHB)
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
XHB
SPDR Homebuilders ETF
XHB Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the homebuilding segment of a U.S. total market composite index. In seeking to track the performance of the S&P Homebuilders Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the homebuilders industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$117.91
Average Daily Volume
1,881,864
35
Performance
| Period | CARU | XHB |
|---|---|---|
| 30 Days | 25.34% | -0.44% |
| 60 Days | 18.09% | -3.43% |
| 90 Days | 5.78% | -1.00% |
| 12 Months | 72.70% | 44.26% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in XHB | Overlap |
|---|
CARU Overweight 20 Positions Relative to XHB
CARU Underweight 35 Positions Relative to XHB
| Symbol | Grade | Weight | |
|---|---|---|---|
| OC | A | -4.03% | |
| JCI | B | -4.01% | |
| TT | A | -3.85% | |
| CSL | C | -3.74% | |
| HD | B | -3.65% | |
| LOW | C | -3.62% | |
| LII | A | -3.57% | |
| TOL | B | -3.5% | |
| TMHC | C | -3.49% | |
| ALLE | C | -3.42% | |
| MAS | D | -3.37% | |
| BLDR | D | -3.37% | |
| CARR | C | -3.35% | |
| NVR | D | -3.35% | |
| BLD | D | -3.21% | |
| IBP | D | -3.18% | |
| PHM | D | -3.17% | |
| KBH | D | -3.12% | |
| AOS | F | -3.12% | |
| LEN | D | -3.12% | |
| WSM | C | -3.09% | |
| FND | D | -3.06% | |
| MTH | D | -3.04% | |
| WMS | F | -3.01% | |
| DHI | F | -2.87% | |
| MHO | D | -2.38% | |
| SKY | A | -2.26% | |
| TPH | D | -2.22% | |
| GRBK | D | -1.79% | |
| CVCO | A | -1.73% | |
| CCS | D | -1.53% | |
| LGIH | F | -1.38% | |
| BZH | C | -0.83% | |
| HOV | D | -0.83% | |
| DFH | D | -0.73% |
CARU: Top Represented Industries & Keywords
XHB: Top Represented Industries & Keywords
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