DFNL vs. JETU ETF Comparison
Comparison of Davis Select Financial ETF (DFNL) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
DFNL
Davis Select Financial ETF
DFNL Description
The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.
Grade (RS Rating)
Last Trade
$40.55
Average Daily Volume
9,031
21
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
$27.06
Average Daily Volume
415
17
Performance
| Period | DFNL | JETU |
|---|---|---|
| 30 Days | 5.93% | 8.77% |
| 60 Days | 9.40% | 39.51% |
| 90 Days | 11.08% | 49.84% |
| 12 Months | 43.54% | 64.09% |
0 Overlapping Holdings
| Symbol | Grade | Weight in DFNL | Weight in JETU | Overlap |
|---|
DFNL Overweight 21 Positions Relative to JETU
DFNL: Top Represented Industries & Keywords
JETU: Top Represented Industries & Keywords
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