CARU vs. PUI ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to PowerShares Dynamic Utilities (PUI)
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
20
PUI
PowerShares Dynamic Utilities
PUI Description
The PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US utilities companies. These companies are principally engaged in providing either energy, water, natural gas or telecommunications services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$42.36
Average Daily Volume
8,330
33
Performance
| Period | CARU | PUI |
|---|---|---|
| 30 Days | 25.34% | 5.64% |
| 60 Days | 18.09% | 6.46% |
| 90 Days | 5.78% | 12.60% |
| 12 Months | 72.70% | 38.52% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in PUI | Overlap |
|---|
CARU Overweight 20 Positions Relative to PUI
CARU Underweight 33 Positions Relative to PUI
| Symbol | Grade | Weight | |
|---|---|---|---|
| VST | A | -5.0% | |
| LUMN | C | -4.64% | |
| OKE | A | -4.13% | |
| PCG | A | -3.74% | |
| ATO | A | -3.62% | |
| SRE | A | -3.59% | |
| NI | A | -3.53% | |
| CEG | C | -3.51% | |
| WEC | A | -3.46% | |
| PEG | A | -3.39% | |
| DUK | C | -3.38% | |
| XEL | A | -3.35% | |
| NRG | B | -3.3% | |
| T | A | -3.16% | |
| SO | C | -3.05% | |
| AWK | C | -2.99% | |
| CMS | C | -2.98% | |
| DTE | C | -2.96% | |
| EVRG | A | -2.83% | |
| LNT | A | -2.82% | |
| AEE | A | -2.75% | |
| CNP | A | -2.75% | |
| PNW | A | -2.72% | |
| IDA | A | -2.64% | |
| EIX | B | -2.48% | |
| FE | C | -2.45% | |
| ED | C | -2.37% | |
| AEP | C | -2.35% | |
| ES | C | -2.31% | |
| NFG | A | -2.29% | |
| NJR | A | -2.24% | |
| OTTR | C | -2.18% | |
| NOVA | F | -0.83% |
CARU: Top Represented Industries & Keywords
PUI: Top Represented Industries & Keywords
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