CARD vs. IYM ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to iShares U.S. Basic Materials ETF (IYM)
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
$7.88
Average Daily Volume
2,069
20
IYM
iShares U.S. Basic Materials ETF
IYM Description
The investment seeks to track the investment results of an index composed of U.S. equities in the basic materials sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Basic Materials Index (the "underlying index"), which measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$146.04
Average Daily Volume
12,335
35
Performance
| Period | CARD | IYM |
|---|---|---|
| 30 Days | -25.66% | -3.76% |
| 60 Days | -23.21% | 0.80% |
| 90 Days | -17.32% | 1.43% |
| 12 Months | -71.20% | 14.73% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARD | Weight in IYM | Overlap |
|---|
CARD Overweight 20 Positions Relative to IYM
CARD Underweight 35 Positions Relative to IYM
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | C | -21.46% | |
| APD | A | -8.43% | |
| FCX | F | -7.45% | |
| ECL | D | -7.43% | |
| FAST | B | -4.33% | |
| NUE | C | -3.6% | |
| NEM | D | -3.53% | |
| STLD | B | -3.39% | |
| IP | A | -3.26% | |
| RS | B | -2.93% | |
| IFF | D | -2.7% | |
| LYB | F | -2.68% | |
| CF | A | -2.59% | |
| AVY | F | -2.54% | |
| ALB | B | -1.98% | |
| EMN | C | -1.95% | |
| AA | A | -1.71% | |
| RGLD | C | -1.52% | |
| RBC | A | -1.47% | |
| MOS | F | -1.39% | |
| X | B | -1.34% | |
| CE | F | -1.33% | |
| FMC | D | -1.14% | |
| ESI | B | -1.05% | |
| CLF | F | -0.91% | |
| HXL | F | -0.81% | |
| OLN | F | -0.81% | |
| TKR | D | -0.8% | |
| WLK | D | -0.7% | |
| ASH | F | -0.65% | |
| NEU | D | -0.61% | |
| HUN | F | -0.52% | |
| SMG | C | -0.52% | |
| CC | C | -0.48% | |
| MP | C | -0.4% |
CARD: Top Represented Industries & Keywords
IYM: Top Represented Industries & Keywords
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