ONLN vs. CARU ETF Comparison

Comparison of ProShares Online Retail ETF (ONLN) to Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU)

ONLN

ProShares Online Retail ETF

ONLN Description

The investment seeks investment results, before fees and expenses, that track the performance of the ProShares Online Retail Index (the index). The fund seeks to invest substantially all of its assets in the stocks that make up the index and generally holds each stock in approximately the same proportion as its weighting in the index. Normally, it will invest at least 80% of its assets in the component securities of the index. The index is designed to measure the performance of publicly traded companies that principally sell online or through other non-store sales channels, rather than through "brick and mortar" store locations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.57

Average Daily Volume

9,840

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$25.99

Average Daily Volume

139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ONLN	CARU
30 Days	-0.01%	24.25%
60 Days	5.84%	14.37%
90 Days	8.46%	12.53%
12 Months	41.83%	68.00%

1 Overlapping Holdings

	Symbol	Grade	Weight in ONLN	Weight in CARU	Overlap
	CVNA	B	5.24%	8.54%	5.24%

ONLN Overweight 15 Positions Relative to CARU

Symbol	Grade	Weight
AMZN	B	25.45%
EBAY	D	10.15%
PDD	F	7.83%
RVLV	A	4.93%
CHWY	B	4.87%
BABA	D	4.74%
ETSY	D	4.23%
CPNG	D	4.04%
BKE	B	3.96%
W	D	3.25%
FIGS	F	2.82%
MELI	C	2.76%
SE	A	2.24%
JD	D	2.23%
GLBE	B	1.71%

ONLN Underweight 19 Positions Relative to CARU

Symbol	Grade	Weight
TSLA	B	-11.83%
F	C	-10.52%
GM	B	-10.14%
RIVN	F	-8.97%
ORLY	B	-8.54%
AZO	C	-8.54%
KMX	C	-4.15%
GPC	F	-4.01%
STLA	F	-3.91%
LCID	F	-3.47%
AAP	D	-3.0%
LAD	B	-2.29%
AN	D	-1.91%
TM	F	-1.91%
ABG	B	-1.31%
GPI	B	-1.26%
FSS	B	-0.91%
PAG	C	-0.87%
HMC	F	-0.78%

ONLN: Top Represented Industries & Keywords

Industries: Specialty Retail Internet Retail Apparel Manufacturing Apparel Stores Electronic Gaming & Multimedia

CARU: Top Represented Industries & Keywords

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