JETD vs. TAN ETF Comparison

Comparison of Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD) to Invesco Solar ETF (TAN)

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

TAN

Invesco Solar ETF

TAN Description

The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.33

Average Daily Volume

1,192,583

Number of Holdings ^*

16

* may have additional holdings in another (foreign) market

Performance

Period	JETD	TAN
30 Days	-11.61%	-7.91%
60 Days	-33.31%	-15.57%
90 Days	-39.53%	-18.59%
12 Months	-59.37%	-25.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in JETD	Weight in TAN	Overlap

JETD Overweight 17 Positions Relative to TAN

	Symbol	Grade	Weight
	BA	F	9.0%
	UPS	C	9.0%
	RTX	D	9.0%
	HON	C	9.0%
	GE	D	9.0%
	FDX	B	9.0%
	DAL	B	8.98%
	AAL	B	7.91%
	UAL	A	7.29%
	GD	D	7.17%
	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%

JETD Underweight 16 Positions Relative to TAN

	Symbol	Grade	Weight
	FSLR	F	-9.67%
	ENPH	F	-6.55%
	RUN	F	-4.29%
	HASI	D	-3.37%
	ARRY	F	-3.08%
	CWEN	C	-2.99%
	DQ	F	-2.83%
	JKS	F	-2.72%
	AY	A	-2.33%
	SEDG	F	-2.3%
	SHLS	F	-2.2%
	CSIQ	F	-1.81%
	AMPS	C	-1.16%
	NOVA	F	-1.12%
	RNW	D	-0.94%
	RENB	F	-0.64%

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

TAN: Top Represented Industries & Keywords

Industries: Solar Semiconductor Equipment & Materials Utilities - Regulated Electric Utilities - Renewable Biotechnology Electronic Components REIT - Diversified

Keywords: Photovoltaics Solar Power Energy Conversion Solar Energy Renewable Energy Electricity Photovoltaic System Solar Panel Solar Energy Projects Solar Modules Systems Integrator Energy Storage Inverter Systems Inverters Photovoltaic Products Power Systems S&P 500 Solar Power Systems Sustainable Energy Alternative Energy