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CARU
-5.94 · -20.19%
$23.47 · NYSE ARCA

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

Bank of Montreal · USA
AUM:$3.9M
#– of – in Trading--Leveraged 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

Up 18.9% over the past year, showing positive momentum.

Cost Efficiency

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

What is CARU?

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

Strong Recent Performance
CARU delivered 18.9% over the past year. Historical returns only — past performance is not indicative of future results.
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$3.9M
Expense Ratio0.95%
Dividend Yield0.00%
Holdings23
Inception DateJun 2023
Domicile–
Distribution–
Index–
ProviderBank of Montreal
Beta–
CategoryTrading--Leveraged Equity
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-14.1%
1Y
-30.5%
3Y
-21.2%
5Y
-14.5%
OpenBook InsightIf you had invested £10,000 in CARU 5 years ago, it would have fallen to £8,554 — a loss of £1,446.

Annual Returns

Calendar year performance

CARU delivered positive returns in 2 of the last 4 calendar years.
YearCARU
2026 YTD-25.0%
2025+13.6%
2024+31.8%
2023-12.2%
CAGR 3yr+9.6%
2/4 positive yearsAvg return: +2.1%Worst year: -25.0% (2026)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
0%
Negative
Volatility
71.2%
Very High
Momentum
+2.2%
30-day change
Support Level
21.98
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Elevated volatility indicates higher short-term price variability and risk.
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Openbook Analytics Ltd (Company No. SC843579) is registered in Scotland. Registered office: Strathclyde Inspire Hub, University of Strathclyde, Graham Hills Building (Level 6), 50 Richmond Street, Glasgow, G1 1XP. Openbook Analytics is not authorised or regulated by the Financial Conduct Authority (FCA). The content on this platform is provided for general informational and educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other form of advice. You should not treat any content on this platform as a recommendation to buy, sell, or hold any financial instrument. Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up, and you may get back less than you invest. User-generated content, including community posts and commentary, reflects the personal opinions of individual users, is not verified for accuracy, and does not represent the views of Openbook Analytics Ltd. You should always conduct your own research or consult a qualified, FCA-regulated financial adviser before making investment decisions. Data displayed on this platform may be delayed or inaccurate and is provided "as is" without warranty. Openbook Analytics Ltd accepts no liability for any loss arising from reliance on the information provided.