JETD vs. JETU ETF Comparison
Comparison of Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
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
$13.11
Average Daily Volume
4,473
Number of Holdings
*
17
* 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
$27.36
Average Daily Volume
389
Number of Holdings
*
17
* may have additional holdings in another (foreign) market
Performance
| Period | JETD | JETU |
|---|---|---|
| 30 Days | -8.32% | 5.02% |
| 60 Days | -30.58% | 33.72% |
| 90 Days | -43.35% | 59.44% |
| 12 Months | -60.70% | 69.30% |
17 Overlapping Holdings
| Symbol | Grade | Weight in JETD | Weight in JETU | Overlap | |
|---|---|---|---|---|---|
| AAL | B | 7.91% | 7.91% | 7.91% | |
| ALGT | B | 0.46% | 0.46% | 0.46% | |
| ALK | A | 1.84% | 1.84% | 1.84% | |
| BA | F | 9.0% | 9.0% | 9.0% | |
| CPA | A | 0.57% | 0.57% | 0.57% | |
| DAL | A | 8.98% | 8.98% | 8.98% | |
| FDX | A | 9.0% | 9.0% | 9.0% | |
| FWRD | D | 0.53% | 0.53% | 0.53% | |
| GD | D | 7.17% | 7.17% | 7.17% | |
| GE | D | 9.0% | 9.0% | 9.0% | |
| HON | A | 9.0% | 9.0% | 9.0% | |
| JBLU | D | 1.84% | 1.84% | 1.84% | |
| LUV | A | 6.79% | 6.79% | 6.79% | |
| RTX | D | 9.0% | 9.0% | 9.0% | |
| SKYW | B | 0.63% | 0.63% | 0.63% | |
| UAL | A | 7.29% | 7.29% | 7.29% | |
| UPS | C | 9.0% | 9.0% | 9.0% |
JETD Overweight 0 Positions Relative to JETU
| Symbol | Grade | Weight |
|---|
JETD Underweight 0 Positions Relative to JETU
| Symbol | Grade | Weight |
|---|
JETD: Top Represented Industries & Keywords
JETU: Top Represented Industries & Keywords
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