JETU vs. MAKX ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to ProShares S&P Kensho Smart Factories ETF (MAKX)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MAKX

ProShares S&P Kensho Smart Factories ETF

MAKX Description

ProShares S&P Kensho Smart Factories ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies focused on building the technology empowering the digitalization of manufacturing activities sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. ProShares S&P Kensho Smart Factories ETF is domiciled in the United States. The investment seeks results, before fees and expenses, that track the performance of the S&P Kensho Smart Factories Index.

Grade (RS Rating)

Last Trade

$42.16

Average Daily Volume

118

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JETU	MAKX
30 Days	14.52%	13.11%
60 Days	41.24%	14.52%
90 Days	55.74%	14.82%
12 Months	70.55%	27.64%

0 Overlapping Holdings

	Symbol	Grade	Weight in JETU	Weight in MAKX	Overlap

JETU Overweight 17 Positions Relative to MAKX

Symbol	Grade	Weight
BA	F	9.0%
UPS	C	9.0%
RTX	C	9.0%
HON	B	9.0%
GE	D	9.0%
FDX	B	9.0%
DAL	C	8.98%
AAL	B	7.91%
UAL	A	7.29%
GD	F	7.17%
LUV	C	6.79%
JBLU	F	1.84%
ALK	C	1.84%
SKYW	B	0.63%
CPA	D	0.57%
FWRD	D	0.53%
ALGT	B	0.46%

JETU Underweight 19 Positions Relative to MAKX

Symbol	Grade	Weight
ADSK	A	-7.93%
EMR	A	-6.34%
ROK	B	-5.79%
AIT	A	-5.26%
FARO	B	-5.14%
OUST	C	-4.88%
CGNX	C	-4.84%
AMBA	B	-4.76%
SKM	D	-4.7%
ZBRA	B	-4.66%
SANM	B	-4.53%
DOV	A	-4.14%
PTC	A	-4.03%
SSYS	C	-3.92%
DDD	C	-3.84%
ON	D	-3.57%
AMAT	F	-3.38%
PKX	F	-2.69%
TKC	C	-1.78%

JETU: Top Represented Industries & Keywords

Industries: Airlines Aerospace & Defense Integrated Shipping & Logistics Diversified Industrials Specialty Industrial Machinery