CARU vs. WBIY ETF Comparison
Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to WBI Power Factor High Dividend ETF (WBIY)
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
WBIY
WBI Power Factor High Dividend ETF
WBIY Description
The investment seeks long term-capital appreciation while also seeking to protect principal during unfavorable market conditions. The fund will seek to achieve its investment objective by using a broad and flexible investment strategy and may invest directly in different types of instruments, such as: stocks and bonds issued by public and private companies and bonds issued by governments and governmental agencies ("Direct Investments"); and shares of funds that invest directly in such instruments. It is non-diversified.Grade (RS Rating)
Last Trade
$32.35
Average Daily Volume
6,009
49
Performance
| Period | CARU | WBIY |
|---|---|---|
| 30 Days | 38.43% | 4.72% |
| 60 Days | 28.09% | 5.37% |
| 90 Days | 14.74% | 6.99% |
| 12 Months | 87.33% | 27.95% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CARU | Weight in WBIY | Overlap | |
|---|---|---|---|---|---|
| F | C | 10.52% | 4.99% | 4.99% |
CARU Underweight 48 Positions Relative to WBIY
| Symbol | Grade | Weight | |
|---|---|---|---|
| MO | A | -5.59% | |
| KMI | A | -5.41% | |
| T | A | -4.84% | |
| UPS | C | -4.82% | |
| VZ | C | -4.77% | |
| D | C | -4.67% | |
| LYB | F | -4.48% | |
| CAG | D | -4.24% | |
| KSS | F | -3.84% | |
| BEN | C | -3.46% | |
| DINO | D | -3.2% | |
| M | D | -3.0% | |
| WHR | B | -2.93% | |
| CVX | A | -2.43% | |
| CRI | D | -1.9% | |
| OMF | A | -1.87% | |
| VLY | B | -1.85% | |
| COLB | A | -1.75% | |
| RF | A | -1.72% | |
| HBAN | A | -1.72% | |
| CFG | B | -1.62% | |
| PRU | A | -1.56% | |
| CNH | C | -1.53% | |
| UGI | A | -1.43% | |
| WU | D | -1.43% | |
| IPG | D | -1.33% | |
| CVS | D | -1.3% | |
| FULT | A | -1.09% | |
| TNL | A | -1.09% | |
| HESM | B | -1.01% | |
| MAN | D | -0.9% | |
| BKH | A | -0.81% | |
| KNTK | B | -0.8% | |
| PINC | B | -0.74% | |
| CWEN | C | -0.71% | |
| DIN | C | -0.68% | |
| APAM | B | -0.62% | |
| FIBK | A | -0.6% | |
| GES | F | -0.5% | |
| WSBC | A | -0.35% | |
| HOPE | B | -0.33% | |
| GSL | F | -0.32% | |
| METC | C | -0.29% | |
| BRKL | B | -0.28% | |
| EMBC | C | -0.27% | |
| VRTS | B | -0.27% | |
| OCFC | B | -0.26% | |
| ASC | F | -0.24% |
CARU: Top Represented Industries & Keywords
WBIY: Top Represented Industries & Keywords
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