CARU vs. DIVZ ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to TrueShares Low Volatility Equity Income ETF (DIVZ)
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
$29.10
Average Daily Volume
157
20
DIVZ
TrueShares Low Volatility Equity Income ETF
DIVZ Description
The investment seeks to provide capital appreciation with lower volatility and a higher dividend yield compared to the S&P 500 Index. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing 25-35 stocks of companies that pay dividends and expect to grow the dividends over time and are trading at attractive valuations at the time of the investment. Under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, will be invested in equity securities, including common stocks and American Depositary Receipts (ADRs). The fund is non-diversified.Grade (RS Rating)
Last Trade
$34.13
Average Daily Volume
17,981
29
Performance
| Period | CARU | DIVZ |
|---|---|---|
| 30 Days | 38.43% | 2.69% |
| 60 Days | 28.09% | 4.13% |
| 90 Days | 14.74% | 6.07% |
| 12 Months | 87.33% | 27.15% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in DIVZ | Overlap | |
|---|---|---|---|---|---|
| GPC | D | 4.01% | 1.86% | 1.86% |
CARU Underweight 28 Positions Relative to DIVZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| BTI | B | -4.82% | |
| PM | B | -4.64% | |
| KMI | A | -4.5% | |
| OWL | A | -4.42% | |
| UNH | C | -4.36% | |
| VZ | C | -4.28% | |
| XOM | B | -3.87% | |
| NEE | D | -3.45% | |
| UPS | C | -3.45% | |
| C | A | -3.42% | |
| APD | A | -3.35% | |
| MDT | D | -3.27% | |
| KVUE | A | -3.21% | |
| KO | D | -2.97% | |
| D | C | -2.92% | |
| CVX | A | -2.83% | |
| AEP | D | -2.82% | |
| JNJ | D | -2.77% | |
| HSY | F | -2.69% | |
| ORCL | B | -2.54% | |
| MS | A | -2.39% | |
| PEP | F | -2.38% | |
| GS | A | -2.38% | |
| LMT | D | -2.36% | |
| SCHW | B | -2.19% | |
| AVGO | D | -1.94% | |
| EOG | A | -1.9% | |
| PFE | D | -1.63% |
CARU: Top Represented Industries & Keywords
DIVZ: Top Represented Industries & Keywords
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