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CARD
+0.09 · +2.95%
$3.13 · NYSE ARCA

MAX™ Auto Industry -3X Inverse Leveraged ETNs (CARD) ETF Analysis | Trading--Inverse Equity

Bank of Montreal · USA
AUM:$1.7M
#– of – in Trading--Inverse Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Down 53.0% over the past year, indicating meaningful price weakness.

Cost Efficiency

Ongoing charge of 0.95% — above average for this category.

What is CARD?

The index is a net total return index that tracks the stock prices of U. -listed companies that have operations relating to the automobile industry, including automobile manufacturing, parts and retail, and new and used car dealers.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Negative 12-Month Return
CARD returned -53.0% over the past year, reflecting recent market conditions.
Higher Cost Profile
Expense ratio of 0.95% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 78.9% of the ETF — significant weight in a small number of names.
ETF Information
AUM$1.7M
Expense Ratio0.95%
Dividend Yield0.00%
Holdings23
Inception DateJun 2023
Domicile–
Distribution–
Index–
ProviderBank of Montreal
Beta–
CategoryTrading--Inverse Equity
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-17.4%
1Y
-24.5%
3Y
-87.5%
5Y
-89.9%
OpenBook InsightIf you had invested £10,000 in CARD 5 years ago, it would have fallen to £1,010 — a loss of £8,990.

Annual Returns

Calendar year performance

CARD delivered positive returns in 0 of the last 4 calendar years.
YearCARD
2026 YTD-14.1%
2025-62.3%
2024-60.7%
2023-30.4%
CAGR 3yr-53.1%
0/4 positive yearsAvg return: -41.9%Worst year: -62.3% (2025)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
71.1%
Very High
Momentum
-9.1%
30-day change
Support Level
2.25
Key floor
Key Insights
  • Elevated volatility indicates higher short-term price variability and risk.
  • Monitor key support and resistance levels as part of broader risk assessment.
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