CARU vs. MGRO ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to SHL Telemedicine Ltd VanEck Morningstar Wide Moat Growth ETF (MGRO)
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
$26.63
Average Daily Volume
117
20
MGRO
SHL Telemedicine Ltd VanEck Morningstar Wide Moat Growth ETF
MGRO Description
The fund invests at least 80% of its total assets in securities that comprise the index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure growth companies. It is non-diversified.Grade (RS Rating)
Last Trade
$30.58
Average Daily Volume
264
38
Performance
| Period | CARU | MGRO |
|---|---|---|
| 30 Days | 26.28% | -2.60% |
| 60 Days | 20.90% | 0.19% |
| 90 Days | 15.54% | 3.44% |
| 12 Months | 50.75% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in MGRO | Overlap |
|---|
CARU Overweight 20 Positions Relative to MGRO
CARU Underweight 38 Positions Relative to MGRO
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRM | A | -5.29% | |
| ADSK | B | -5.27% | |
| TRU | D | -5.18% | |
| AMZN | B | -4.63% | |
| ROK | A | -4.48% | |
| VEEV | C | -4.48% | |
| A | D | -4.25% | |
| ADBE | F | -4.05% | |
| MKTX | C | -3.19% | |
| EL | F | -2.85% | |
| FTNT | A | -2.79% | |
| ALLE | D | -2.71% | |
| OTIS | D | -2.66% | |
| TYL | B | -2.64% | |
| IEX | B | -2.47% | |
| GOOGL | B | -2.34% | |
| WST | C | -2.26% | |
| EFX | F | -2.24% | |
| VRSN | D | -2.16% | |
| KEYS | C | -2.16% | |
| WDAY | B | -2.15% | |
| ZBH | C | -2.13% | |
| MSFT | D | -2.13% | |
| STZ | D | -2.08% | |
| CTVA | D | -2.05% | |
| HII | F | -2.03% | |
| YUM | D | -2.01% | |
| WAT | B | -1.65% | |
| CLX | A | -1.63% | |
| DIS | A | -1.27% | |
| ETSY | D | -1.11% | |
| GEHC | D | -0.97% | |
| BIO | C | -0.91% | |
| LRCX | F | -0.87% | |
| TER | F | -0.87% | |
| NKE | D | -0.85% | |
| ICE | D | -0.44% | |
| TMO | D | -0.27% |
CARU: Top Represented Industries & Keywords
MGRO: Top Represented Industries & Keywords
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