CARD vs. ARGT ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Global X FTSE Argentina 20 ETF (ARGT)

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

$7.21

Average Daily Volume

2,286

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARGT

Global X FTSE Argentina 20 ETF

ARGT Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Argentina 20 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure equity performance of the top 20 companies within the investable universe of Argentina-domiciled companies or companies that have substantial revenues or assets in Argentina. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.68

Average Daily Volume

203,569

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARD	ARGT
30 Days	-33.65%	16.81%
60 Days	-27.31%	20.47%
90 Days	-24.37%	32.20%
12 Months	-73.66%	79.63%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARD	Weight in ARGT	Overlap

CARD Overweight 20 Positions Relative to ARGT

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

CARD Underweight 19 Positions Relative to ARGT

Symbol	Grade	Weight
MELI	D	-17.94%
GGAL	C	-12.47%
YPF	B	-11.56%
PAM	A	-5.23%
BMA	B	-5.13%
TGS	A	-4.97%
CEPU	B	-3.46%
BBAR	B	-3.2%
AKO.A	F	-2.99%
ARCO	F	-2.96%
TEO	B	-2.82%
DESP	B	-2.69%
AGRO	D	-2.6%
EDN	B	-1.9%
CAAP	C	-1.69%
LOMA	C	-1.68%
SUPV	B	-1.47%
CRESY	B	-1.05%
BIOX	F	-0.47%

CARD: Top Represented Industries & Keywords

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