CARD vs. DXUV

Last updated Aug 2, 2026

CARD (Max Auto Industry -3X Inverse Leveraged ETN) and DXUV (Dimensional US Vector Equity ETF) are both exchange-traded funds - CARD is a Inverse Equities fund tracking the Prime Auto Industry Index - Benchmark TR Net (--300%), while DXUV is a Mid Cap Value Equities fund actively managed by Dimensional. CARD is passively managed, while DXUV is actively managed. Over the past year, CARD returned -38.90% vs 26.14% for DXUV. Their -0.75 correlation means they have often moved in opposite directions in the past. CARD charges 0.95%/yr vs 0.25%/yr for DXUV.

Performance

CARD vs. DXUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Max Auto Industry -3X Inverse Leveraged ETN (CARD) and Dimensional US Vector Equity ETF (DXUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARD achieves a -8.92% return, which is significantly lower than DXUV's 14.28% return.

CARD

• 1D: 3.59%
• 1M: 1.66%
• 6M: -6.13%
• YTD: -8.92%
• 1Y: -38.90%
• 3Y*: -47.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -52.24%

DXUV

• 1D: 0.29%
• 1M: 1.72%
• 6M: 10.30%
• YTD: 14.28%
• 1Y: 26.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CARD Max Auto Industry -3X Inverse Leveraged ETN	$47.33K	$47.63K	$45.90K
DXUV Dimensional US Vector Equity ETF	$6.11M	$4.37M	$3.45M

CARD vs. DXUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CARD Max Auto Industry -3X Inverse Leveraged ETN	-8.92%	-60.21%	-39.87%
DXUV Dimensional US Vector Equity ETF	14.28%	14.34%	5.03%

Correlation

The correlation between CARD and DXUV is -0.73, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.73
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	-0.75

The correlation between CARD and DXUV has been stable across timeframes, ranging from -0.75 to -0.73 - a consistent structural relationship.

Return for Risk

CARD vs. DXUV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CARD

CARD Risk / Return Rank: 5
CARD Sharpe Ratio Rank: 5
CARD Sortino Ratio Rank: 6
CARD Omega Ratio Rank: 6
CARD Calmar Ratio Rank: 2
CARD Martin Ratio Rank: 3

DXUV

DXUV Risk / Return Rank: 81
DXUV Sharpe Ratio Rank: 81
DXUV Sortino Ratio Rank: 81
DXUV Omega Ratio Rank: 80
DXUV Calmar Ratio Rank: 79
DXUV Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CARD vs. DXUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) and Dimensional US Vector Equity ETF (DXUV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CARD	DXUV	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	1.88	-2.37
Sortino ratio: Return per unit of downside risk	-0.36	2.63	-2.99
Omega ratio: Gain probability vs. loss probability	0.96	1.33	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.81	2.82	-3.64
Martin ratio: Return relative to average drawdown	-1.23	11.56	-12.78

CARD vs. DXUV - Sharpe Ratio Comparison

The current CARD Sharpe Ratio is -0.50, which is lower than the DXUV Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of CARD and DXUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARD vs. DXUV - Drawdown Comparison

The maximum CARD drawdown since its inception was -93.74%, which is greater than DXUV's maximum drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for CARD and DXUV.

Drawdown Indicators

	CARD	DXUV	Difference
Max Drawdown Largest peak-to-trough decline	-93.74%	-21.08%	-72.66%
Max Drawdown (1Y) Largest decline over 1 year	-44.14%	-8.53%	-35.61%
Max Drawdown (3Y) Largest decline over 3 years	-93.74%	—	—
Current Drawdown Current decline from peak	-93.16%	0.00%	-93.16%
Average Drawdown Average peak-to-trough decline	-69.56%	-2.87%	-66.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.16%	2.08%	+27.08%

Volatility

CARD vs. DXUV - Volatility Comparison

Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a higher volatility of 23.32% compared to Dimensional US Vector Equity ETF (DXUV) at 2.80%. This indicates that CARD's price experiences larger fluctuations and is considered to be riskier than DXUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARD	DXUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.32%	2.80%	+20.52%
Volatility (6M) Calculated over the trailing 6-month period	54.55%	9.32%	+45.23%
Volatility (1Y) Calculated over the trailing 1-year period	72.06%	12.85%	+59.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.51%	16.90%	+63.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.51%	16.90%	+63.61%

CARD vs. DXUV - Expense Ratio Comparison

CARD has a 0.95% expense ratio, which is higher than DXUV's 0.25% expense ratio.

Dividends

CARD vs. DXUV - Dividend Comparison

CARD has not paid dividends to shareholders, while DXUV's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025	2024
CARD Max Auto Industry -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%
DXUV Dimensional US Vector Equity ETF	0.97%	1.01%	0.37%

Frequently Asked Questions

Can I hold both CARD and DXUV in my portfolio?

CARD and DXUV have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARD or DXUV?

CARD has higher volatility (23.32%) compared to DXUV (2.80%). In terms of maximum drawdown, CARD dropped -93.74% vs DXUV's -21.08%.

Which ETF is better, CARD or DXUV?

On 1-year performance, DXUV leads with 26.14% vs -38.90% for CARD. On fees, DXUV is cheaper at 0.25% per year. On volatility, DXUV has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARD or DXUV?

Over the 1-year period, DXUV has performed better with a 26.14% return vs -38.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARD or DXUV?

DXUV is cheaper with a 0.25% expense ratio, compared with 0.95% for CARD.

Which ETF pays a higher dividend yield, CARD or DXUV?

DXUV has the higher dividend yield at 0.97%, compared with 0.00% for CARD.

What is the main difference between CARD and DXUV?

CARD is categorized as Inverse Equities, while DXUV is Mid Cap Value Equities. They also come from different issuers: Max and Dimensional. Their fees differ too: 0.95% for CARD and 0.25% for DXUV.

Which has better risk-adjusted returns?

DXUV currently has the higher Sharpe Ratio (1.88 vs -0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.