JETU vs. GCAD ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Gabelli Equity Income ETF (GCAD)
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

$26.75

Average Daily Volume

354

Number of Holdings *

17

* may have additional holdings in another (foreign) market
GCAD

Gabelli Equity Income ETF

GCAD Description The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$35.28

Average Daily Volume

706

Number of Holdings *

31

* may have additional holdings in another (foreign) market
Performance
Period JETU GCAD
30 Days 25.21% 4.01%
60 Days 51.14% 9.61%
90 Days 64.64% 9.68%
12 Months 89.76% 38.82%
5 Overlapping Holdings
Symbol Grade Weight in JETU Weight in GCAD Overlap
BA F 9.0% 8.08% 8.08%
GD B 7.17% 1.88% 1.88%
GE C 9.0% 2.94% 2.94%
HON C 9.0% 4.74% 4.74%
RTX D 9.0% 3.72% 3.72%
JETU Overweight 12 Positions Relative to GCAD
Symbol Grade Weight
UPS C 9.0%
FDX C 9.0%
DAL A 8.98%
AAL B 7.91%
UAL A 7.29%
LUV B 6.79%
JBLU D 1.84%
ALK A 1.84%
SKYW B 0.63%
CPA C 0.57%
FWRD C 0.53%
ALGT B 0.46%
JETU Underweight 26 Positions Relative to GCAD
Symbol Grade Weight
SPR F -6.93%
HXL D -6.04%
MOG.A A -5.73%
DCO C -5.35%
LMT D -4.32%
CW B -3.96%
WWD C -3.94%
HEI C -3.72%
CR B -3.68%
HWM A -3.42%
TXT D -3.38%
LHX B -3.24%
NOC D -3.23%
MRCY B -3.0%
LDOS B -2.92%
AIN D -2.5%
B B -2.3%
TGI B -2.08%
CDRE C -1.57%
RDW B -1.39%
KTOS B -1.04%
PKE B -0.96%
AIR C -0.86%
ATRO C -0.82%
LLAP F -0.26%
MYNA D -0.18%
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