SMN vs. CARD ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)
SMN
ProShares UltraShort Basic Materials
SMN Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$13.89
Average Daily Volume
3,778
43
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
$7.95
Average Daily Volume
2,026
20
Performance
| Period | SMN | CARD |
|---|---|---|
| 30 Days | 10.06% | -25.03% |
| 60 Days | 3.55% | -20.69% |
| 90 Days | -1.74% | -22.99% |
| 12 Months | -21.09% | -70.44% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SMN | Weight in CARD | Overlap |
|---|
SMN Overweight 43 Positions Relative to CARD
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | D | 18.22% | |
| APD | A | 8.28% | |
| ECL | D | 7.77% | |
| DD | D | 7.23% | |
| DOW | F | 6.27% | |
| NEM | D | 5.65% | |
| PPG | F | 4.81% | |
| LYB | F | 3.74% | |
| CTVA | C | 3.36% | |
| FCX | F | 2.96% | |
| NUE | D | 2.59% | |
| IFF | D | 2.28% | |
| CE | F | 2.25% | |
| FMC | D | 2.05% | |
| EMN | D | 1.67% | |
| CF | A | 1.59% | |
| RPM | B | 1.53% | |
| ALB | B | 1.36% | |
| RS | B | 1.28% | |
| MOS | D | 1.21% | |
| RGLD | C | 1.17% | |
| STLD | B | 1.13% | |
| AXTA | B | 1.0% | |
| HUN | F | 0.74% | |
| ASH | F | 0.73% | |
| SMG | C | 0.7% | |
| VVV | D | 0.64% | |
| NGVT | B | 0.55% | |
| NEU | D | 0.55% | |
| AA | A | 0.52% | |
| OLN | F | 0.45% | |
| CC | C | 0.45% | |
| ESI | B | 0.44% | |
| SXT | C | 0.44% | |
| CMC | B | 0.41% | |
| FUL | F | 0.4% | |
| CBT | C | 0.4% | |
| WLK | F | 0.39% | |
| ATI | C | 0.37% | |
| CRS | A | 0.35% | |
| X | C | 0.28% | |
| WOR | F | 0.24% | |
| BTU | B | 0.1% |
SMN Underweight 20 Positions Relative to CARD
SMN: Top Represented Industries & Keywords
CARD: Top Represented Industries & Keywords
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