TSL vs. CARU ETF Comparison

Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU)

TSL

GraniteShares 1.25x Long Tesla Daily ETF

TSL Description

TSL is a short-term tactical tool that aims to deliver 1.25x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 1.25x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested

Grade (RS Rating)

Last Trade

$14.31

Average Daily Volume

389,893

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

$26.63

Average Daily Volume

117

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TSL	CARU
30 Days	56.67%	26.28%
60 Days	51.16%	20.90%
90 Days	59.58%	15.54%
12 Months	-15.60%	50.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in TSL	Weight in CARU	Overlap
	TSLA	B	117.88%	11.83%	11.83%

TSL Overweight 0 Positions Relative to CARU

	Symbol	Grade	Weight

TSL Underweight 19 Positions Relative to CARU

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

TSL: Top Represented Industries & Keywords

Industries: Auto Manufacturers

Keywords: Automotive Manufacturers Cars Charging Station Electric Vehicle Motor Vehicles Nasdaq 100 Powertrain Powertrain Systems S&P 500 Transport

CARU: Top Represented Industries & Keywords

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