AIRL vs. JETD ETF Comparison

Comparison of Themes Airlines ETF (AIRL) to Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD)

AIRL

Themes Airlines ETF

AIRL Description

The index is a free float adjusted, market capitalization weighted index that is designed to provide exposure to companies that have business operations in the airlines industry. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.91

Average Daily Volume

236

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

JETD

Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs

JETD Description

The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.

Grade (RS Rating)

Last Trade

$13.24

Average Daily Volume

4,496

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	AIRL	JETD
30 Days	5.38%	-11.61%
60 Days	12.73%	-33.31%
90 Days	21.84%	-39.53%
12 Months		-59.37%

9 Overlapping Holdings

	Symbol	Grade	Weight in AIRL	Weight in JETD	Overlap
	AAL	B	4.8%	7.91%	4.8%
	ALGT	B	2.53%	0.46%	0.46%
	ALK	B	4.95%	1.84%	1.84%
	CPA	D	4.23%	0.57%	0.57%
	DAL	B	5.17%	8.98%	5.17%
	JBLU	F	3.75%	1.84%	1.84%
	LUV	C	4.31%	6.79%	4.31%
	SKYW	C	5.24%	0.63%	0.63%
	UAL	A	6.84%	7.29%	6.84%

AIRL Overweight 3 Positions Relative to JETD

	Symbol	Grade	Weight
	SNCY	C	1.17%
	ULCC	D	0.87%
	SAVE	F	0.04%

AIRL Underweight 8 Positions Relative to JETD

	Symbol	Grade	Weight
	BA	F	-9.0%
	UPS	C	-9.0%
	RTX	D	-9.0%
	HON	C	-9.0%
	GE	D	-9.0%
	FDX	B	-9.0%
	GD	D	-7.17%
	FWRD	D	-0.53%

AIRL: Top Represented Industries & Keywords

Industries: Airlines

Keywords: Aviation Airline Air Transportation Air Transportation Services Opentravel Alliance Low Cost Carriers S&P 500 Airbus A320 Family Airport Cargo Services Hawaii Passenger Airline Star Alliance Aircraft Management Airline Industry Airline Passenger Airline Services Car Rental Connectivity Services Distribution Systems

JETD: Top Represented Industries & Keywords

Industries: Airlines Aerospace & Defense Integrated Shipping & Logistics Diversified Industrials Specialty Industrial Machinery

Keywords: Aviation S&P 500 Air Transportation Airline Aerospace Air Transportation Services Airport Cargo Customs Brokerage Freight Forwarder Freight Transport Transport Aircraft Management Airline Industry Brakes Business Aviation Cargo Services Dow Jones Component Express Mail Freight Services