IVEG vs. JETU ETF Comparison

Comparison of iShares Emergent Food and AgTech Multisector ETF (IVEG) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)

IVEG

iShares Emergent Food and AgTech Multisector ETF

IVEG Description

The fund invests at least 80% of its assets in the securities of its index and in investments that have economic characteristics that are substantially identical to the securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents as well as in securities not included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.86

Average Daily Volume

1,161

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

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

$28.13

Average Daily Volume

415

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	IVEG	JETU
30 Days	2.79%	14.52%
60 Days	1.96%	41.24%
90 Days	3.89%	55.74%
12 Months	17.86%	70.55%

0 Overlapping Holdings

	Symbol	Grade	Weight in IVEG	Weight in JETU	Overlap

IVEG Overweight 19 Positions Relative to JETU

	Symbol	Grade	Weight
	SW	A	8.87%
	IP	B	5.56%
	TRMB	B	5.3%
	K	A	5.28%
	PKG	A	5.11%
	CTVA	C	4.67%
	ECL	D	4.53%
	WAT	B	4.2%
	CF	B	4.15%
	IFF	D	4.14%
	DE	A	3.9%
	CNH	C	3.56%
	MOS	F	2.56%
	FMC	D	2.33%
	AGCO	D	1.93%
	SEE	C	1.77%
	EXPO	D	1.54%
	NEOG	F	1.05%
	SHC	F	0.49%

IVEG Underweight 17 Positions Relative to JETU

	Symbol	Grade	Weight
	BA	F	-9.0%
	UPS	C	-9.0%
	RTX	C	-9.0%
	HON	B	-9.0%
	GE	D	-9.0%
	FDX	B	-9.0%
	DAL	C	-8.98%
	AAL	B	-7.91%
	UAL	A	-7.29%
	GD	F	-7.17%
	LUV	C	-6.79%
	JBLU	F	-1.84%
	ALK	C	-1.84%
	SKYW	B	-0.63%
	CPA	D	-0.57%
	FWRD	D	-0.53%
	ALGT	B	-0.46%

IVEG: Top Represented Industries & Keywords

Industries: Agricultural Inputs Packaging & Containers Diagnostics & Research Farm & Construction Equipment Specialty Chemicals Business Services Packaged Foods Scientific & Technical Instruments

Keywords: S&P 500 Chemical Food Safety Construction Equipment Crops Detergent Forage Equipment Loader Pharmaceutical Phosphates Agricultural Equipment Agriculture Animal Feed Baler Chemical Process Chemical Processing Civil Engineering Cleaning Consumer Products Containerboard

JETU: 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