CARU vs. IDRV ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to iShares Self-Driving EV and Tech ETF (IDRV)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IDRV

iShares Self-Driving EV and Tech ETF

IDRV Description

The investment seeks to track the investment results of the NYSE® FactSet Global Autonomous Driving and Electric Vehicle Index. The index is composed of equity securities of companies listed in one of 43 developed or emerging market countries that derive a certain specified percentage of their revenue from selected autonomous or electric vehicle-related industries, as defined by IDI. The fund generally will invest at least 90% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.29

Average Daily Volume

33,234

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARU	IDRV
30 Days	25.34%	-1.65%
60 Days	18.09%	-0.31%
90 Days	5.78%	0.55%
12 Months	72.70%	-10.58%

3 Overlapping Holdings

Symbol	Grade	Weight in CARU	Weight in IDRV	Overlap
LCID	F	3.47%	2.55%	2.55%
RIVN	F	8.97%	3.69%	3.69%
TSLA	B	11.83%	7.43%	7.43%

CARU Overweight 17 Positions Relative to IDRV

Symbol	Grade	Weight
F	C	10.52%
GM	C	10.14%
ORLY	B	8.54%
CVNA	B	8.54%
AZO	C	8.54%
KMX	B	4.15%
GPC	D	4.01%
STLA	F	3.91%
AAP	D	3.0%
LAD	A	2.29%
AN	C	1.91%
TM	F	1.91%
ABG	C	1.31%
GPI	B	1.26%
FSS	B	0.91%
PAG	B	0.87%
HMC	F	0.78%

CARU Underweight 21 Positions Relative to IDRV

Symbol	Grade	Weight
XPEV	C	-7.07%
ALTM	B	-5.14%
LI	F	-4.66%
NIO	F	-4.01%
QS	F	-2.29%
APTV	F	-1.9%
BLBD	D	-1.78%
ALV	C	-1.02%
GNTX	C	-0.87%
LEA	F	-0.69%
LITE	B	-0.69%
CHPT	F	-0.61%
AUR	C	-0.53%
VC	F	-0.32%
ADNT	F	-0.23%
CTS	C	-0.21%
NKLA	F	-0.18%
THRM	F	-0.17%
MEI	F	-0.04%
LAZR	D	-0.04%
SRI	F	-0.02%

CARU: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls