Max Auto Industry 3X Leveraged ETN (CARU)
CARU is a passive ETF by Max tracking the investment results of the Prime Auto Industry Index - Benchmark TR Net (--300%). CARU launched on Jun 27, 2023 and has a 0.95% expense ratio.
ETF Info
| Issuer | Max |
|---|---|
| Inception Date | Jun 27, 2023 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 1x |
| Index Tracked | Prime Auto Industry Index - Benchmark TR Net (--300%) |
| Asset Class | Equity |
Expense Ratio
CARU has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Max Auto Industry 3X Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Max Auto Industry 3X Leveraged ETN had a return of 5.87% year-to-date (YTD) and -17.07% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.87% | 18.42% |
| 1 month | -0.70% | 2.28% |
| 6 months | 13.95% | 9.95% |
| 1 year | -17.07% | 25.31% |
| 5 years (annualized) | N/A | 14.08% |
| 10 years (annualized) | N/A | 10.95% |
Monthly Returns
The table below presents the monthly returns of CARU, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -26.46% | 21.63% | 9.82% | -23.38% | 5.41% | 14.77% | 17.09% | 5.87% | |||||
| 2023 | 8.14% | 20.31% | -13.82% | -9.79% | -49.05% | 16.93% | 45.75% | -12.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CARU is 8, indicating that it is in the bottom 8% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Max Auto Industry 3X Leveraged ETN (CARU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Max Auto Industry 3X 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 Leveraged ETN was 66.44%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
The current Max Auto Industry 3X Leveraged ETN drawdown is 36.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.44% | Jul 20, 2023 | 72 | Oct 30, 2023 | — | — | — |
| -6.67% | Jul 13, 2023 | 3 | Jul 17, 2023 | 2 | Jul 19, 2023 | 5 |
| -2.43% | Jul 6, 2023 | 1 | Jul 6, 2023 | 1 | Jul 7, 2023 | 2 |
Volatility
Volatility Chart
The current Max Auto Industry 3X Leveraged ETN volatility is 25.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.