DFEN vs. JETD ETF Comparison

Comparison of Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) to Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD)

DFEN

Direxion Daily Aerospace & Defense Bull 3X Shares

DFEN Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by Dow Jones U.S. Index. The index provider attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.71

Average Daily Volume

288,677

Number of Holdings ^*

32

* 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	DFEN	JETD
30 Days	2.43%	-11.61%
60 Days	6.78%	-33.31%
90 Days	11.81%	-39.53%
12 Months	85.58%	-59.37%

4 Overlapping Holdings

	Symbol	Grade	Weight in DFEN	Weight in JETD	Overlap
	BA	F	2.94%	9.0%	2.94%
	GD	D	2.68%	7.17%	2.68%
	GE	D	11.78%	9.0%	9.0%
	RTX	D	9.63%	9.0%	9.0%

DFEN Overweight 28 Positions Relative to JETD

	Symbol	Grade	Weight
	LMT	D	6.5%
	AXON	A	4.59%
	HWM	A	3.31%
	LHX	C	3.0%
	NOC	D	2.67%
	TDG	D	2.63%
	TXT	D	1.99%
	HEI	A	1.75%
	CW	C	1.7%
	BWXT	B	1.44%
	WWD	C	1.27%
	HEI	A	1.22%
	HII	F	0.94%
	MOG.A	B	0.77%
	RKLB	A	0.74%
	AVAV	C	0.71%
	HXL	F	0.6%
	KTOS	B	0.47%
	SPR	D	0.43%
	AIR	B	0.29%
	MRCY	C	0.25%
	TGI	B	0.17%
	ACHR	B	0.12%
	CDRE	F	0.11%
	DCO	C	0.11%
	RGR	F	0.08%
	SWBI	C	0.07%
	NPK	B	0.05%

DFEN Underweight 13 Positions Relative to JETD

	Symbol	Grade	Weight
	UPS	C	-9.0%
	HON	C	-9.0%
	FDX	B	-9.0%
	DAL	B	-8.98%
	AAL	B	-7.91%
	UAL	A	-7.29%
	LUV	C	-6.79%
	JBLU	F	-1.84%
	ALK	B	-1.84%
	SKYW	C	-0.63%
	CPA	D	-0.57%
	FWRD	D	-0.53%
	ALGT	B	-0.46%

DFEN: Top Represented Industries & Keywords

Industries: Aerospace & Defense Specialty Industrial Machinery Communication Equipment Computer Systems Diversified Industrials Security & Protection Services

Keywords: Aerospace S&P 500 Weapons Department Of Defense Aviation Avionics Helicopter Radar Space Systems Actuator Aerostructure Defense Systems Electronics Laser Law Enforcement Microwave U.S. Department Of Defense Aerospace Systems Combat Systems Communications 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