CARD vs. EQTY ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Kovitz Core Equity ETF (EQTY)
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
20
EQTY
Kovitz Core Equity ETF
EQTY Description
The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.Grade (RS Rating)
Last Trade
$23.42
Average Daily Volume
32,278
38
Performance
| Period | CARD | EQTY |
|---|---|---|
| 30 Days | -2.21% | 1.03% |
| 60 Days | 8.56% | 3.21% |
| 90 Days | -11.59% | 9.19% |
| 12 Months | -62.84% | 30.57% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARD | Weight in EQTY | Overlap | |
|---|---|---|---|---|---|
| KMX | F | 4.15% | 3.22% | 3.22% |
CARD Underweight 37 Positions Relative to EQTY
| Symbol | Grade | Weight | |
|---|---|---|---|
| META | B | -5.02% | |
| AMZN | A | -4.41% | |
| SCHW | B | -4.26% | |
| BDX | C | -4.23% | |
| GOOG | A | -4.06% | |
| KEYS | C | -4.03% | |
| PM | A | -3.9% | |
| J | D | -3.69% | |
| ICE | C | -3.67% | |
| V | A | -3.5% | |
| CRM | A | -3.44% | |
| LOW | B | -3.12% | |
| BRK.A | D | -3.12% | |
| FI | A | -3.08% | |
| PCAR | C | -2.94% | |
| AON | A | -2.92% | |
| AXP | A | -2.87% | |
| ORCL | B | -2.79% | |
| PPG | F | -2.46% | |
| JPM | A | -2.4% | |
| DLTR | F | -2.32% | |
| AAPL | C | -1.97% | |
| MSI | B | -1.96% | |
| ADI | C | -1.95% | |
| ANET | B | -1.94% | |
| DEO | F | -1.9% | |
| AMAT | F | -1.73% | |
| AMD | F | -1.14% | |
| HAS | D | -1.13% | |
| HAYW | A | -0.65% | |
| GOOGL | A | -0.48% | |
| MSFT | D | -0.24% | |
| SYK | A | -0.13% | |
| GGG | D | -0.09% | |
| VRSK | B | -0.08% | |
| ABT | A | -0.06% | |
| EFX | D | -0.06% |
CARD: Top Represented Industries & Keywords
EQTY: Top Represented Industries & Keywords
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