CARU vs. NERD ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD)

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

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

NERD

Roundhill BITKRAFT Esports & Digital Entertainment ETF

NERD Description

The Roundhill BITKRAFT Esports & Digital Entertainment ETF (“NERD ETF”) is designed to offer retail and institutional investors exposure to esports & digital entertainment by providing investment results that closely correspond, before fees and expenses, to the performance of the Roundhill BITKRAFT Esports Index (“NERD Index”). The Roundhill BITKRAFT Esports Index is the first rules-based index designed to track the performance of the growing market of electronic sports, or “esports”. The Index consists of a modified equal-weighted portfolio of globally-listed companies who are actively involved in the competitive video gaming industry. This classification includes, but is not limited to: video game publishers, streaming network operators, video game tournament and league operators/owners, competitive team owners, and hardware companies.

Grade (RS Rating)

Last Trade

$19.89

Average Daily Volume

2,615

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	CARU	NERD
30 Days	38.43%	13.46%
60 Days	28.09%	13.01%
90 Days	14.74%	15.64%
12 Months	87.33%	31.85%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in NERD	Overlap

CARU Overweight 20 Positions Relative to NERD

	Symbol	Grade	Weight
	TSLA	B	11.83%
	F	C	10.52%
	GM	B	10.14%
	RIVN	F	8.97%
	ORLY	B	8.54%
	CVNA	B	8.54%
	AZO	C	8.54%
	KMX	B	4.15%
	GPC	D	4.01%
	STLA	F	3.91%
	LCID	F	3.47%
	AAP	C	3.0%
	LAD	A	2.29%
	AN	C	1.91%
	TM	D	1.91%
	ABG	B	1.31%
	GPI	A	1.26%
	FSS	B	0.91%
	PAG	B	0.87%
	HMC	F	0.78%

CARU Underweight 6 Positions Relative to NERD

	Symbol	Grade	Weight
	APP	B	-17.53%
	EA	A	-7.52%
	TTWO	A	-6.52%
	RBLX	C	-6.32%
	U	C	-3.0%
	GCBC	C	-1.28%

CARU: Top Represented Industries & Keywords

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

Keywords: Transport Cars S&P 500 Automotive Industry Automotive Products Motor Vehicles Automotive Retail Nasdaq 100 Used Car Vehicle Maintenance Alternator Antifreeze Auto Parts Automotive Aftermarket Automotive Retailer Batteries Car Dealership Chassis Electric Vehicle Paint

NERD: Top Represented Industries & Keywords

Industries: Electronic Gaming & Multimedia Software - Application Electronic Gaming & Multimedia Savings & Cooperative Banks

Keywords: Computing Video Game Development Video Games Games Mobile Phone Nasdaq 100 S&P 500 Video Game Industry Advertising Services Application Software Banking Products Baseball Basketball Cloud Computing Console Gaming Systems Deposit Products Digital Games Entertainment Fixed Income Game Software