MAX Auto Industry 3X Leveraged ETN (CARU) Price
MAX Auto Industry 3X Leveraged ETN Price
Underlying
MAX Auto Industry 3X Leveraged ETN provides 3X daily exposure to MAX.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
MAX Auto Industry 3X Leveraged ETN List of Holdings
Frequently asked questions about MAX Auto Industry 3X Leveraged ETN
MAX Auto Industry 3X Leveraged ETN is offered by Max, a leading player in the field of passive investments.
The ISIN of MAX Auto Industry 3X Leveraged ETN is US0636794762.
MAX Auto Industry 3X Leveraged ETN aims to deliver 3 times the daily return of MAX (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because MAX Auto Industry 3X Leveraged ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like MAX Auto Industry 3X Leveraged ETN are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
MAX Auto Industry 3X Leveraged ETN provides 3X daily long exposure to MAX. When MAX moves +1% in a day, MAX Auto Industry 3X Leveraged ETN targets approximately 3% (before fees).
The total expense ratio of MAX Auto Industry 3X Leveraged ETN is 0.95%, which means that investors pay 95.00 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, MAX Auto Industry 3X Leveraged ETN does not comply with the EU UCITS investor protection directives.
MAX Auto Industry 3X Leveraged ETN tracks the performance of the Prime Auto Industry Index - Benchmark TR Net.
The current average trading volume of MAX Auto Industry 3X Leveraged ETN is 452.84.
MAX Auto Industry 3X Leveraged ETN is domiciled in US.
The fund was launched on 6/27/2023.
The MAX Auto Industry 3X Leveraged ETN mainly invests in Cyclical consumer goods companies.
The NAV of MAX Auto Industry 3X Leveraged ETN amounts to 20.62 M USD.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
MAX Auto Industry 3X Leveraged ETN