CARU vs. CRUZ ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Defiance Hotel, Airline, and Cruise ETF (CRUZ)
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
$26.83
Average Daily Volume
157
20
CRUZ
Defiance Hotel, Airline, and Cruise ETF
CRUZ Description
The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Global Hotels, Airlines, and Cruises Index (the 'index'). The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (Travel Companies) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$26.37
Average Daily Volume
8,910
27
Performance
| Period | CARU | CRUZ |
|---|---|---|
| 30 Days | 25.34% | 7.18% |
| 60 Days | 18.09% | 16.07% |
| 90 Days | 5.78% | 25.50% |
| 12 Months | 72.70% | 35.88% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in CRUZ | Overlap |
|---|
CARU Overweight 20 Positions Relative to CRUZ
CARU Underweight 27 Positions Relative to CRUZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| RCL | A | -8.89% | |
| DAL | B | -8.64% | |
| MAR | A | -8.12% | |
| HLT | A | -7.64% | |
| CCL | A | -6.08% | |
| UAL | A | -5.43% | |
| IHG | A | -3.88% | |
| NCLH | B | -2.89% | |
| LUV | C | -2.83% | |
| HST | C | -2.38% | |
| AAL | B | -2.06% | |
| HTHT | D | -1.79% | |
| ALK | B | -1.54% | |
| WH | B | -1.54% | |
| RHP | B | -1.44% | |
| H | B | -0.96% | |
| SKYW | C | -0.96% | |
| CHH | A | -0.84% | |
| APLE | B | -0.78% | |
| PK | C | -0.74% | |
| ATAT | C | -0.67% | |
| CPA | D | -0.6% | |
| SHO | D | -0.53% | |
| JBLU | F | -0.51% | |
| DRH | B | -0.46% | |
| RLJ | C | -0.46% | |
| PEB | D | -0.32% |
CARU: Top Represented Industries & Keywords
CRUZ: Top Represented Industries & Keywords
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