CARU vs. PATN ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Pacer Nasdaq International Patent Leaders ETF (PATN)
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
PATN
Pacer Nasdaq International Patent Leaders ETF
PATN Description
The index is a rules-based full market capitalization-weighted index that consists of companies from the Nasdaq Global Ex United States Large Mid Cap Index with the most valuable patent portfolios. The fund will generally use a "replication" strategy to achieve its investment objective, meaning it will invest in all of the component securities of the index. The fund is non-diversified.Grade (RS Rating)
Last Trade
$19.55
Average Daily Volume
528
6
Performance
| Period | CARU | PATN |
|---|---|---|
| 30 Days | 38.43% | -4.47% |
| 60 Days | 28.09% | -4.99% |
| 90 Days | 14.74% | |
| 12 Months | 87.33% |
CARU: Top Represented Industries & Keywords
PATN: Top Represented Industries & Keywords
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