Max Auto Industry -3X Inverse Leveraged ETN (CARD)
CARD is a passive ETF by Max tracking the investment results of the Prime Auto Industry Index - Benchmark TR Net (--300%). CARD launched on Jun 27, 2023 and has a 0.95% expense ratio.
ETF Info
US0636794689
Jun 27, 2023
North America (U.S.)
1x
Prime Auto Industry Index - Benchmark TR Net (--300%)
Expense Ratio
CARD has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Max Auto Industry -3X Inverse Leveraged ETN (CARD) returned -39.05% year-to-date (YTD) and -75.36% over the past 12 months.
CARD
-39.05%
-26.66%
-41.45%
-75.36%
N/A
N/A
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of CARD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -8.96% | 18.44% | 2.88% | -23.12% | -28.53% | -39.05% | |||||||
| 2024 | 27.76% | -23.00% | -12.19% | 22.87% | -10.99% | -15.46% | -19.99% | -6.47% | 4.73% | 0.82% | -32.16% | -2.33% | -58.19% |
| 2023 | -7.91% | -22.22% | 8.98% | 6.28% | 77.91% | -23.90% | -38.01% | -30.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CARD is 1, meaning it’s performing worse than 99% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Max Auto Industry -3X Inverse Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Max Auto Industry -3X Inverse Leveraged ETN was 89.13%, occurring on May 20, 2025. The portfolio has not yet recovered.
The current Max Auto Industry -3X Inverse Leveraged ETN drawdown is 88.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.13% | Oct 31, 2023 | 389 | May 20, 2025 | — | — | — |
| -34.81% | Jun 29, 2023 | 14 | Jul 19, 2023 | 26 | Aug 24, 2023 | 40 |
| -29.32% | Aug 25, 2023 | 14 | Sep 14, 2023 | 15 | Oct 5, 2023 | 29 |
| -11.27% | Oct 6, 2023 | 3 | Oct 10, 2023 | 3 | Oct 13, 2023 | 6 |
| -4.82% | Oct 16, 2023 | 1 | Oct 16, 2023 | 2 | Oct 18, 2023 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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