CARD vs. ACES ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to ALPS Clean Energy ETF (ACES)
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
$10.33
Average Daily Volume
2,190
20
ACES
ALPS Clean Energy ETF
ACES Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index"). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.Grade (RS Rating)
Last Trade
$28.79
Average Daily Volume
100,909
28
Performance
| Period | CARD | ACES |
|---|---|---|
| 30 Days | -4.79% | 0.63% |
| 60 Days | -1.35% | 3.60% |
| 90 Days | -17.33% | 5.30% |
| 12 Months | -60.21% | -9.31% |
CARD Underweight 25 Positions Relative to ACES
| Symbol | Grade | Weight | |
|---|---|---|---|
| ALB | C | -6.02% | |
| ORA | A | -5.33% | |
| ITRI | A | -5.17% | |
| DAR | C | -5.1% | |
| HASI | A | -4.65% | |
| FSLR | C | -4.59% | |
| ENPH | D | -3.67% | |
| RUN | C | -3.61% | |
| CWEN | C | -2.46% | |
| WOLF | D | -2.3% | |
| PLUG | C | -2.18% | |
| NEP | F | -2.12% | |
| ANDE | F | -1.76% | |
| ASPN | F | -1.62% | |
| FLNC | A | -1.53% | |
| AMRC | B | -1.14% | |
| ARRY | D | -1.11% | |
| SHLS | D | -1.05% | |
| AMSC | A | -1.05% | |
| EOSE | B | -0.86% | |
| GPRE | D | -0.83% | |
| REX | C | -0.82% | |
| NOVA | F | -0.75% | |
| CHPT | F | -0.59% | |
| CLNE | C | -0.57% |
CARD: Top Represented Industries & Keywords
ACES: Top Represented Industries & Keywords
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