CARD vs. ITAN
CARD (Max Auto Industry -3X Inverse Leveraged ETN) and ITAN (Sparkline Intangible Value ETF) are both exchange-traded funds - CARD is a Inverse Equities fund tracking the Prime Auto Industry Index - Benchmark TR Net (--300%), while ITAN is a Large Cap Value Equities fund actively managed by Sparkline Capital. CARD is passively managed, while ITAN is actively managed. Over the past year, CARD returned -35.78% vs 38.08% for ITAN. At a correlation of -0.74, they often move in opposite directions. CARD charges 0.95%/yr vs 0.50%/yr for ITAN.
Performance
CARD vs. ITAN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CARD achieves a -2.60% return, which is significantly lower than ITAN's 14.61% return.
CARD
- 1D
- 1.10%
- 1M
- -13.67%
- YTD
- -2.60%
- 6M
- -2.07%
- 1Y
- -35.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITAN
- 1D
- -1.15%
- 1M
- 7.43%
- YTD
- 14.61%
- 6M
- 16.38%
- 1Y
- 38.08%
- 3Y*
- 23.37%
- 5Y*
- —
- 10Y*
- —
CARD vs. ITAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CARD Max Auto Industry -3X Inverse Leveraged ETN | -2.60% | -60.21% | -58.19% | -30.38% |
ITAN Sparkline Intangible Value ETF | 14.61% | 20.46% | 17.76% | 12.72% |
Correlation
The correlation between CARD and ITAN is -0.75, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | -0.74 |
The correlation between CARD and ITAN has been stable across timeframes, ranging from -0.75 to -0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARD vs. ITAN — Risk / Return Rank
CARD
ITAN
CARD vs. ITAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) and Sparkline Intangible Value ETF (ITAN). 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.
| CARD | ITAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.05 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.45 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 4.24 | -4.96 |
| Martin ratioReturn relative to average drawdown | -1.06 | 16.36 | -17.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CARD | ITAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 2.67 | -3.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.65 | -1.30 |
Drawdowns
CARD vs. ITAN - Drawdown Comparison
The maximum CARD drawdown since its inception was -93.51%, which is greater than ITAN's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for CARD and ITAN.
Loading charts...
Drawdown Indicators
| CARD | ITAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.51% | -30.41% | -63.10% |
Max Drawdown (1Y)Largest decline over 1 year | -49.57% | -9.03% | -40.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.47% | — |
Current DrawdownCurrent decline from peak | -92.68% | -1.56% | -91.12% |
Average DrawdownAverage peak-to-trough decline | -68.13% | -7.62% | -60.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.93% | 2.33% | +31.60% |
Volatility
CARD vs. ITAN - Volatility Comparison
Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a higher volatility of 22.80% compared to Sparkline Intangible Value ETF (ITAN) at 4.02%. This indicates that CARD's price experiences larger fluctuations and is considered to be riskier than ITAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CARD | ITAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.80% | 4.02% | +18.78% |
Volatility (6M)Calculated over the trailing 6-month period | 50.05% | 10.42% | +39.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.70% | 14.36% | +54.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.53% | 19.05% | +61.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.53% | 19.05% | +61.48% |
CARD vs. ITAN - Expense Ratio Comparison
CARD has a 0.95% expense ratio, which is higher than ITAN's 0.50% expense ratio.
Dividends
CARD vs. ITAN - Dividend Comparison
CARD has not paid dividends to shareholders, while ITAN's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CARD Max Auto Industry -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITAN Sparkline Intangible Value ETF | 1.00% | 0.94% | 1.14% | 1.01% | 0.57% | 0.45% |
Frequently Asked Questions
CARD and ITAN have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARD has higher volatility (22.80%) compared to ITAN (4.02%). In terms of maximum drawdown, CARD dropped -93.51% vs ITAN's -30.41%.
On 1-year performance, ITAN leads with 38.08% vs -35.78% for CARD. On fees, ITAN is cheaper at 0.50% per year. On volatility, ITAN has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITAN has performed better with a 38.08% return vs -35.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITAN is cheaper with a 0.50% expense ratio, compared with 0.95% for CARD.
ITAN has the higher dividend yield at 1.00%, compared with 0.00% for CARD.
CARD is categorized as Inverse Equities, while ITAN is Large Cap Value Equities. They also come from different issuers: Max and Sparkline Capital. Their fees differ too: 0.95% for CARD and 0.50% for ITAN.
ITAN currently has the higher Sharpe Ratio (2.67 vs -0.52), 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.
Find the right allocation for CARD and ITAN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer