BRAZ vs. CARD ETF Comparison
Comparison of Global X Brazil Active ETF (BRAZ) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)
BRAZ
Global X Brazil Active ETF
BRAZ Description
The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$22.76
Average Daily Volume
286
12
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
$7.14
Average Daily Volume
2,069
20
Performance
| Period | BRAZ | CARD |
|---|---|---|
| 30 Days | -4.49% | -25.66% |
| 60 Days | -7.27% | -23.21% |
| 90 Days | -11.69% | -17.32% |
| 12 Months | -16.18% | -71.20% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BRAZ | Weight in CARD | Overlap |
|---|
BRAZ Underweight 20 Positions Relative to CARD
BRAZ: Top Represented Industries & Keywords
CARD: Top Represented Industries & Keywords
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