CARD vs. ONLN ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to ProShares Online Retail ETF (ONLN)
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 *

20

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

ProShares Online Retail ETF

ONLN Description The investment seeks investment results, before fees and expenses, that track the performance of the ProShares Online Retail Index (the index). The fund seeks to invest substantially all of its assets in the stocks that make up the index and generally holds each stock in approximately the same proportion as its weighting in the index. Normally, it will invest at least 80% of its assets in the component securities of the index. The index is designed to measure the performance of publicly traded companies that principally sell online or through other non-store sales channels, rather than through "brick and mortar" store locations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.93

Average Daily Volume

10,052

Number of Holdings *

16

* may have additional holdings in another (foreign) market
Performance
Period CARD ONLN
30 Days -33.65% 2.13%
60 Days -27.31% 4.68%
90 Days -24.37% 6.90%
12 Months -73.66% 40.25%
1 Overlapping Holdings
Symbol Grade Weight in CARD Weight in ONLN Overlap
CVNA B 8.54% 5.2% 5.2%
CARD Overweight 19 Positions Relative to ONLN
Symbol Grade Weight
TSLA B 11.83%
F C 10.52%
GM B 10.14%
RIVN F 8.97%
ORLY 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 15 Positions Relative to ONLN
Symbol Grade Weight
AMZN C -25.36%
EBAY D -10.04%
PDD F -7.91%
CHWY B -5.11%
RVLV B -5.04%
BABA D -4.38%
BKE B -4.21%
CPNG D -4.08%
ETSY D -4.05%
W F -3.71%
FIGS F -2.82%
MELI D -2.76%
SE B -2.68%
GLBE B -2.07%
JD D -2.05%
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