CARD vs. ARKX ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to ARK Space Exploration & Innovation ETF (ARKX)
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

$10.49

Average Daily Volume

2,186

Number of Holdings *

20

* may have additional holdings in another (foreign) market
ARKX

ARK Space Exploration & Innovation ETF

ARKX Description The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.

Grade (RS Rating)

Last Trade

$16.42

Average Daily Volume

35,278

Number of Holdings *

25

* may have additional holdings in another (foreign) market
Performance
Period CARD ARKX
30 Days -2.21% -1.02%
60 Days 8.56% 7.11%
90 Days -11.59% 9.18%
12 Months -62.84% 23.64%
0 Overlapping Holdings
Symbol Grade Weight in CARD Weight in ARKX Overlap
CARD Overweight 20 Positions Relative to ARKX
Symbol Grade Weight
TSLA A 11.83%
F D 10.52%
GM B 10.14%
RIVN F 8.97%
ORLY C 8.54%
CVNA A 8.54%
AZO D 8.54%
KMX F 4.15%
GPC F 4.01%
STLA F 3.91%
LCID F 3.47%
AAP F 3.0%
LAD A 2.29%
AN F 1.91%
TM D 1.91%
ABG C 1.31%
GPI C 1.26%
FSS F 0.91%
PAG F 0.87%
HMC F 0.78%
CARD Underweight 25 Positions Relative to ARKX
Symbol Grade Weight
KTOS C -9.43%
IRDM B -9.25%
AVAV B -8.21%
RKLB A -7.05%
TRMB A -6.37%
TER F -6.2%
LHX A -4.61%
AMZN A -3.73%
BLDE B -3.62%
PLTR B -3.28%
ACHR C -2.77%
DE B -2.62%
GRMN A -2.38%
GOOG A -2.22%
JOBY D -2.03%
PRNT B -1.83%
HEI D -1.56%
TDY B -1.43%
HON B -1.38%
LMT D -1.3%
PATH C -1.29%
SNPS B -1.25%
AMD F -1.18%
ANSS C -1.04%
DDD C -0.8%
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