Get Your Engines Going With This ETF

The CARS ETF focuses on automobile manufacturers with a market cap of at least $500 million and a minimum trading volume. It includes over 30 companies mainly from the US, Japan, and Germany, such as Toyota, GM, and Tesla. Despite having $18 million in assets, its high expense ratio and performance trailing the S&P 500 since 2011 are notable. The ETF is evaluated positively by Bloomberg for its alternative weighting scheme.

How has the performance of the ETF compared to the S&P 500 since its launch?

What is the significance of the Bloomberg Intelligence traffic light system for the ETF?