HEDJ vs. CARD ETF Comparison

Comparison of WisdomTree Europe Hedged Equity Fund (HEDJ) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)

HEDJ

WisdomTree Europe Hedged Equity Fund

HEDJ Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index provides exposure to European equity securities, particularly shares of European exporters, while at the same time neutralizing exposure to fluctuations between the value of the U.S. dollar and the euro. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.49

Average Daily Volume

89,875

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CARD

Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN

CARD Description

CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse 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, CARD 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

$10.49

Average Daily Volume

2,186

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HEDJ	CARD
30 Days	-1.76%	-2.21%
60 Days	-3.23%	8.56%
90 Days	2.49%	-11.59%
12 Months	13.67%	-62.84%

1 Overlapping Holdings

	Symbol	Grade	Weight in HEDJ	Weight in CARD	Overlap
	STLA	F	5.11%	3.91%	3.91%

HEDJ Overweight 0 Positions Relative to CARD

	Symbol	Grade	Weight

HEDJ Underweight 19 Positions Relative to CARD

Symbol	Grade	Weight
TSLA	A	-11.83%
F	D	-10.52%
GM	B	-10.14%
RIVN	F	-8.97%
ORLY	C	-8.54%
CVNA	A	-8.54%
AZO	D	-8.54%
KMX	F	-4.15%
GPC	F	-4.01%
LCID	F	-3.47%
AAP	F	-3.0%
LAD	A	-2.29%
AN	F	-1.91%
TM	D	-1.91%
ABG	C	-1.31%
GPI	C	-1.26%
FSS	F	-0.91%
PAG	F	-0.87%
HMC	F	-0.78%

HEDJ: Top Represented Industries & Keywords

Industries: Auto Manufacturers

Keywords: Automotive Manufacturers Cars Chrysler Fiat Fiat Chrysler Automobiles Mergers And Acquisitions

CARD: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls