JETD vs. CARD ETF Comparison
Comparison of Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)
JETD
Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs
JETD Description
The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.
Grade (RS Rating)
Last Trade
$13.24
Average Daily Volume
4,496
Number of Holdings
*
17
* may have additional holdings in another (foreign) market
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
$7.88
Average Daily Volume
2,069
Number of Holdings
*
20
* may have additional holdings in another (foreign) market
Performance
| Period | JETD | CARD |
|---|---|---|
| 30 Days | -11.61% | -25.66% |
| 60 Days | -33.31% | -23.21% |
| 90 Days | -39.53% | -17.32% |
| 12 Months | -59.37% | -71.20% |
0 Overlapping Holdings
| Symbol | Grade | Weight in JETD | Weight in CARD | Overlap |
|---|
JETD Underweight 20 Positions Relative to CARD
JETD: Top Represented Industries & Keywords
CARD: Top Represented Industries & Keywords
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