JETD vs. CRUZ ETF Comparison

Comparison of Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD) to Defiance Hotel, Airline, and Cruise ETF (CRUZ)

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

$12.95

Average Daily Volume

4,473

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CRUZ

Defiance Hotel, Airline, and Cruise ETF

CRUZ Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Global Hotels, Airlines, and Cruises Index (the 'index'). The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (Travel Companies) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.34

Average Daily Volume

8,807

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JETD	CRUZ
30 Days	-8.32%	5.94%
60 Days	-30.58%	15.35%
90 Days	-43.35%	28.78%
12 Months	-60.70%	35.23%

8 Overlapping Holdings

Symbol	Grade	Weight in JETD	Weight in CRUZ	Overlap
AAL	B	7.91%	2.06%	2.06%
ALK	A	1.84%	1.54%	1.54%
CPA	A	0.57%	0.6%	0.57%
DAL	A	8.98%	8.64%	8.64%
JBLU	D	1.84%	0.51%	0.51%
LUV	A	6.79%	2.83%	2.83%
SKYW	B	0.63%	0.96%	0.63%
UAL	A	7.29%	5.43%	5.43%

JETD Overweight 9 Positions Relative to CRUZ

Symbol	Grade	Weight
BA	F	9.0%
UPS	C	9.0%
RTX	D	9.0%
HON	A	9.0%
GE	D	9.0%
FDX	A	9.0%
GD	D	7.17%
FWRD	D	0.53%
ALGT	B	0.46%

JETD Underweight 19 Positions Relative to CRUZ

Symbol	Grade	Weight
RCL	A	-8.89%
MAR	A	-8.12%
HLT	A	-7.64%
CCL	A	-6.08%
IHG	A	-3.88%
NCLH	B	-2.89%
HST	D	-2.38%
HTHT	C	-1.79%
WH	B	-1.54%
RHP	B	-1.44%
H	B	-0.96%
CHH	A	-0.84%
APLE	B	-0.78%
PK	D	-0.74%
ATAT	A	-0.67%
SHO	D	-0.53%
DRH	B	-0.46%
RLJ	C	-0.46%
PEB	F	-0.32%

JETD: Top Represented Industries & Keywords

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

CRUZ: Top Represented Industries & Keywords

Industries: Airlines Lodging REIT - Hotel & Motel Leisure