CARD vs. MAKX ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to ProShares S&P Kensho Smart Factories ETF (MAKX)
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
MAKX
ProShares S&P Kensho Smart Factories ETF
MAKX Description
ProShares S&P Kensho Smart Factories ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies focused on building the technology empowering the digitalization of manufacturing activities sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. ProShares S&P Kensho Smart Factories ETF is domiciled in the United States. The investment seeks results, before fees and expenses, that track the performance of the S&P Kensho Smart Factories Index.Grade (RS Rating)
Last Trade
$38.04
Average Daily Volume
91
19
Performance
Period | CARD | MAKX |
---|---|---|
30 Days | -2.21% | 1.79% |
60 Days | 8.56% | 3.25% |
90 Days | -11.59% | 6.23% |
12 Months | -62.84% | 23.97% |
0 Overlapping Holdings
Symbol | Grade | Weight in CARD | Weight in MAKX | Overlap |
---|
CARD Overweight 20 Positions Relative to MAKX
CARD Underweight 19 Positions Relative to MAKX
CARD: Top Represented Industries & Keywords
MAKX: Top Represented Industries & Keywords