JETU vs. DFEN ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)
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
17
DFEN
Direxion Daily Aerospace & Defense Bull 3X Shares
DFEN Description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by Dow Jones U.S. Index. The index provider attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$37.78
Average Daily Volume
288,294
32
Performance
| Period | JETU | DFEN |
|---|---|---|
| 30 Days | 14.52% | 4.65% |
| 60 Days | 41.24% | 6.25% |
| 90 Days | 55.74% | 15.07% |
| 12 Months | 70.55% | 90.99% |
JETU Underweight 28 Positions Relative to DFEN
| Symbol | Grade | Weight | |
|---|---|---|---|
| LMT | D | -6.5% | |
| AXON | A | -4.59% | |
| HWM | A | -3.31% | |
| LHX | C | -3.0% | |
| NOC | D | -2.67% | |
| TDG | D | -2.63% | |
| TXT | D | -1.99% | |
| HEI | B | -1.75% | |
| CW | B | -1.7% | |
| BWXT | B | -1.44% | |
| WWD | B | -1.27% | |
| HEI | B | -1.22% | |
| HII | D | -0.94% | |
| MOG.A | B | -0.77% | |
| RKLB | B | -0.74% | |
| AVAV | D | -0.71% | |
| HXL | D | -0.6% | |
| KTOS | B | -0.47% | |
| SPR | D | -0.43% | |
| AIR | B | -0.29% | |
| MRCY | B | -0.25% | |
| TGI | B | -0.17% | |
| ACHR | B | -0.12% | |
| CDRE | D | -0.11% | |
| DCO | C | -0.11% | |
| RGR | F | -0.08% | |
| SWBI | C | -0.07% | |
| NPK | B | -0.05% |
JETU: Top Represented Industries & Keywords
DFEN: Top Represented Industries & Keywords
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