JETU vs. PSI ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to PowerShares Dynamic Semiconductors (PSI)
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
$27.36
Average Daily Volume
389
17
PSI
PowerShares Dynamic Semiconductors
PSI Description
The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$54.23
Average Daily Volume
98,638
26
Performance
| Period | JETU | PSI |
|---|---|---|
| 30 Days | 5.02% | -5.19% |
| 60 Days | 33.72% | -2.74% |
| 90 Days | 59.44% | -5.86% |
| 12 Months | 69.30% | 23.64% |
0 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in PSI | Overlap |
|---|
JETU Underweight 26 Positions Relative to PSI
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -5.61% | |
| MU | D | -5.6% | |
| AVGO | C | -5.5% | |
| TXN | B | -4.99% | |
| QCOM | F | -4.8% | |
| AMAT | F | -4.79% | |
| ADI | D | -4.75% | |
| LRCX | F | -4.66% | |
| MTSI | B | -3.51% | |
| SMTC | C | -3.49% | |
| PI | D | -3.25% | |
| ACMR | F | -2.95% | |
| ICHR | C | -2.92% | |
| PLAB | D | -2.86% | |
| UCTT | F | -2.75% | |
| MKSI | C | -2.57% | |
| ENTG | F | -2.47% | |
| NXPI | F | -2.46% | |
| KLAC | F | -2.23% | |
| SWKS | F | -2.23% | |
| AMKR | F | -2.22% | |
| FORM | F | -2.21% | |
| ONTO | F | -2.21% | |
| MPWR | F | -2.17% | |
| AOSL | D | -1.91% | |
| CRUS | F | -1.9% |
JETU: Top Represented Industries & Keywords
PSI: Top Represented Industries & Keywords
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