EWI vs. CARD ETF Comparison
Comparison of iShares MSCI Italy Capped Index Fund (EWI) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)
EWI
iShares MSCI Italy Capped Index Fund
EWI Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (the "underlying index"). The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Italy 25/50 Index consists of stocks traded primarily on the Milan Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Italy 25/50 Index. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$36.57
Average Daily Volume
427,007
2
CARD
Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN
CARD Description
CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse 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, CARD 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
$7.79
Average Daily Volume
1,947
20
Performance
| Period | EWI | CARD |
|---|---|---|
| 30 Days | -6.33% | -29.49% |
| 60 Days | -4.93% | -30.26% |
| 90 Days | -1.84% | -31.19% |
| 12 Months | 16.00% | -70.26% |
1 Overlapping Holdings
| Symbol | Grade | Weight in EWI | Weight in CARD | Overlap | |
|---|---|---|---|---|---|
| STLA | F | 3.69% | 3.91% | 3.69% |
EWI Overweight 1 Positions Relative to CARD
| Symbol | Grade | Weight | |
|---|---|---|---|
| E | F | 4.13% |
EWI Underweight 19 Positions Relative to CARD
EWI: Top Represented Industries & Keywords
CARD: Top Represented Industries & Keywords
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