CARU vs. QCLN ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
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
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger Index weighting and includes caps to prevent high concentrations among larger alternative energy stocks. The fund is non-diversified.Grade (RS Rating)
Last Trade
$33.64
Average Daily Volume
114,314
46
Performance
| Period | CARU | QCLN |
|---|---|---|
| 30 Days | 25.34% | 0.69% |
| 60 Days | 18.09% | -3.34% |
| 90 Days | 5.78% | -5.93% |
| 12 Months | 72.70% | -5.85% |
CARU Underweight 43 Positions Relative to QCLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| ON | D | -7.3% | |
| FSLR | F | -7.28% | |
| AYI | B | -5.49% | |
| ALB | B | -4.8% | |
| ENPH | F | -4.45% | |
| OLED | F | -3.64% | |
| ITRI | C | -2.94% | |
| ORA | B | -2.67% | |
| AEIS | C | -2.35% | |
| ENS | F | -2.18% | |
| ALGM | D | -2.14% | |
| POWI | F | -1.96% | |
| HASI | D | -1.78% | |
| MP | C | -1.71% | |
| BE | B | -1.68% | |
| FLNC | D | -1.51% | |
| RUN | F | -1.35% | |
| CWEN | C | -1.26% | |
| VICR | C | -0.98% | |
| PLUG | F | -0.96% | |
| NEP | F | -0.88% | |
| SQM | D | -0.85% | |
| RNW | D | -0.72% | |
| AMSC | B | -0.68% | |
| ASPN | F | -0.65% | |
| ARRY | F | -0.64% | |
| PSNY | F | -0.58% | |
| WOLF | F | -0.54% | |
| AMRC | F | -0.51% | |
| SHLS | F | -0.48% | |
| SEDG | F | -0.41% | |
| AMPS | C | -0.36% | |
| CLNE | F | -0.35% | |
| MNTK | F | -0.34% | |
| WLDN | C | -0.33% | |
| LYTS | B | -0.33% | |
| NOVA | F | -0.28% | |
| EOSE | D | -0.27% | |
| CHPT | F | -0.26% | |
| LNZA | F | -0.13% | |
| BLNK | F | -0.09% | |
| WBX | F | -0.08% | |
| TPIC | F | -0.06% |
CARU: Top Represented Industries & Keywords
QCLN: Top Represented Industries & Keywords
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