AIRR vs. JETU ETF Comparison
Comparison of First Trust RBA American Industrial Renaissance ETF (AIRR) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
AIRR
First Trust RBA American Industrial Renaissance ETF
AIRR Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.
Grade (RS Rating)
Last Trade
$81.85
Average Daily Volume
333,284
52
JETU
Bank Of Montreal MAX Airlines 3X Leveraged ETNs
JETU Description
JETU is a leveraged take on the US airport transportation industry. Specifically, the fund tracks 3x the index, which includes firms involved in airlines, aircraft and aircraft parts manufacturers, airfreight and logistics, aircraft leasing, and airline and airport operations. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding any ETPs and MLPs. The index also excludes issuers organized in Canada or China. For industry screens, Aircraft and Parts Manufacturing industry only includes the five largest companies by market cap. Airfreight and Logistics companies must disclose in their recent annual report that they own aircraft to execute their core business activity. The index is a modified liquidity-weighted index, which ranks the constituents, based on highest average daily value traded. As a geared product, JETU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding.Grade (RS Rating)
Last Trade
$27.46
Average Daily Volume
386
17
Performance
| Period | AIRR | JETU |
|---|---|---|
| 30 Days | 5.31% | 7.92% |
| 60 Days | 14.33% | 39.79% |
| 90 Days | 16.45% | 60.01% |
| 12 Months | 62.26% | 73.54% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AIRR | Weight in JETU | Overlap |
|---|
AIRR Overweight 52 Positions Relative to JETU
| Symbol | Grade | Weight | |
|---|---|---|---|
| MLI | B | 3.42% | |
| AAON | A | 3.32% | |
| AIT | A | 3.3% | |
| GVA | A | 3.25% | |
| EME | B | 3.09% | |
| RBC | A | 3.04% | |
| BWXT | A | 2.98% | |
| KEX | A | 2.96% | |
| ZWS | B | 2.93% | |
| MDU | D | 2.9% | |
| MSM | C | 2.87% | |
| CHRW | A | 2.82% | |
| HRI | B | 2.74% | |
| ATKR | C | 2.73% | |
| DY | C | 2.72% | |
| CLH | C | 2.71% | |
| PRIM | A | 2.63% | |
| CNM | F | 2.56% | |
| MTZ | B | 2.55% | |
| FIX | A | 2.52% | |
| FSS | C | 2.38% | |
| WMS | F | 2.33% | |
| ROAD | B | 2.16% | |
| HII | F | 2.08% | |
| ACA | B | 1.75% | |
| MWA | A | 1.74% | |
| FNB | A | 1.72% | |
| STRL | B | 1.71% | |
| ASB | A | 1.42% | |
| WTFC | A | 1.41% | |
| ONB | B | 1.38% | |
| MRCY | B | 1.28% | |
| GBX | A | 1.15% | |
| HEES | B | 1.12% | |
| VSEC | B | 1.06% | |
| BLBD | F | 0.96% | |
| FULT | A | 0.94% | |
| TGI | A | 0.91% | |
| POWL | C | 0.91% | |
| WNC | C | 0.91% | |
| DNOW | A | 0.87% | |
| FFBC | A | 0.87% | |
| LMB | A | 0.83% | |
| TPC | C | 0.81% | |
| PRLB | B | 0.8% | |
| XMTR | C | 0.78% | |
| PRK | A | 0.78% | |
| FRME | A | 0.77% | |
| FCF | A | 0.67% | |
| AMRC | F | 0.62% | |
| LKFN | A | 0.57% | |
| TRNS | F | 0.53% |
AIRR: Top Represented Industries & Keywords
JETU: Top Represented Industries & Keywords
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