CARU vs. ARKQ ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to ARK Autonomous Technology & Robotics ETF (ARKQ)
CARU
Bank Of Montreal MAX Auto Industry 3x Leveraged ETN
CARU Description
CARU is an aggressive and bullish one-day bet on the US auto industry. The fund provides 3x daily leveraged 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, CARU 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
$26.90
Average Daily Volume
129
20
ARKQ
ARK Autonomous Technology & Robotics ETF
ARKQ Description
Companies within ARK Autonomous Technology & Robotics ETF are focused on and are expected to substantially benefit from the development of new products or services, technological improvements and advancements in scientific research related to, among other things, energy, automation and manufacturing, materials, and transportation. These companies may develop, produce, or enable: Autonomous Transportation Robotics and Automation 3D Printing Energy Storage Space Exploration ARKQ is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of of autonomous technology and robotics companies that are relevant to the Fund’s investment theme of disruptive innovation.Grade (RS Rating)
Last Trade
$69.94
Average Daily Volume
76,215
30
Performance
| Period | CARU | ARKQ |
|---|---|---|
| 30 Days | 25.04% | 11.64% |
| 60 Days | 18.40% | 20.92% |
| 90 Days | 10.27% | 24.12% |
| 12 Months | 62.77% | 32.81% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in ARKQ | Overlap | |
|---|---|---|---|---|---|
| TSLA | A | 11.83% | 15.91% | 11.83% |
CARU Underweight 29 Positions Relative to ARKQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| KTOS | C | -9.33% | |
| TER | F | -7.31% | |
| RKLB | B | -6.43% | |
| IRDM | F | -5.44% | |
| TRMB | B | -4.8% | |
| AVAV | C | -4.31% | |
| PLTR | B | -3.56% | |
| PATH | C | -3.26% | |
| ACHR | B | -2.95% | |
| DE | C | -2.8% | |
| TSM | B | -2.72% | |
| BLDE | C | -2.14% | |
| NVDA | A | -2.13% | |
| GOOG | B | -1.99% | |
| AMD | F | -1.96% | |
| AMZN | B | -1.68% | |
| JOBY | B | -1.42% | |
| SNPS | C | -1.28% | |
| AUR | C | -1.27% | |
| TDY | B | -1.27% | |
| OKLO | C | -1.2% | |
| QCOM | F | -1.19% | |
| ISRG | A | -1.19% | |
| LMT | D | -1.07% | |
| CAT | C | -0.96% | |
| DDD | C | -0.93% | |
| BWXT | A | -0.92% | |
| ANSS | B | -0.74% | |
| MTLS | B | -0.0% |
CARU: Top Represented Industries & Keywords
ARKQ: Top Represented Industries & Keywords
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