JETU vs. JETS ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to U.S. Global Jets ETF (JETS)
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
JETS
U.S. Global Jets ETF
JETS Description
The investment seeks to track the performance, before fees and expenses, of the U.S. Global Jets Index. The fund invests at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is composed of the common stock of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies listed on well-developed securities exchanges across the globe. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.97
Average Daily Volume
2,728,856
23
Performance
| Period | JETU | JETS |
|---|---|---|
| 30 Days | 8.77% | 6.34% |
| 60 Days | 39.51% | 21.12% |
| 90 Days | 49.84% | 30.63% |
| 12 Months | 64.09% | 43.10% |
11 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in JETS | Overlap | |
|---|---|---|---|---|---|
| AAL | B | 7.91% | 9.62% | 7.91% | |
| ALGT | B | 0.46% | 4.21% | 0.46% | |
| ALK | B | 1.84% | 2.96% | 1.84% | |
| BA | F | 9.0% | 1.37% | 1.37% | |
| CPA | D | 0.57% | 0.43% | 0.43% | |
| DAL | B | 8.98% | 11.16% | 8.98% | |
| GD | D | 7.17% | 1.59% | 1.59% | |
| JBLU | F | 1.84% | 2.48% | 1.84% | |
| LUV | C | 6.79% | 8.29% | 6.79% | |
| SKYW | C | 0.63% | 3.43% | 0.63% | |
| UAL | A | 7.29% | 13.94% | 7.29% |
JETU: Top Represented Industries & Keywords
JETS: Top Represented Industries & Keywords
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