JETU vs. DIVO ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Amplify YieldShares CWP Dividend & Option Income ETF (DIVO)
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
$27.06
Average Daily Volume
415
17
DIVO
Amplify YieldShares CWP Dividend & Option Income ETF
DIVO Description
The investment seeks to provide current income as its primary investment objective and to provide capital appreciation as its secondary investment objective. Under normal circumstances, the fund will invest at least 80% of its total assets in dividend-paying U.S. exchange-traded equity securities ("Equity Securities") and will opportunistically utilize an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on such Equity Securities. The fund is non-diversified.Grade (RS Rating)
Last Trade
$41.97
Average Daily Volume
289,182
24
Performance
| Period | JETU | DIVO |
|---|---|---|
| 30 Days | 8.77% | 1.54% |
| 60 Days | 39.51% | 3.06% |
| 90 Days | 49.84% | 4.90% |
| 12 Months | 64.09% | 22.22% |
1 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in DIVO | Overlap | |
|---|---|---|---|---|---|
| HON | C | 9.0% | 4.87% | 4.87% |
JETU Underweight 23 Positions Relative to DIVO
| Symbol | Grade | Weight | |
|---|---|---|---|
| UNH | B | -5.76% | |
| V | A | -5.7% | |
| CAT | B | -5.51% | |
| GS | A | -5.34% | |
| JPM | A | -5.04% | |
| MSFT | D | -5.01% | |
| HD | B | -4.96% | |
| AAPL | C | -4.91% | |
| PG | C | -4.87% | |
| AMGN | F | -4.53% | |
| CME | B | -4.01% | |
| IBM | C | -3.86% | |
| AXP | A | -3.81% | |
| WMT | A | -3.28% | |
| CVX | A | -3.0% | |
| TJX | A | -2.95% | |
| FCX | F | -2.87% | |
| VZ | C | -2.68% | |
| META | D | -2.03% | |
| MCD | D | -1.94% | |
| MRK | D | -1.93% | |
| MPC | D | -1.81% | |
| DUK | C | -0.95% |
JETU: Top Represented Industries & Keywords
DIVO: Top Represented Industries & Keywords
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