MISL vs. JETD ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD)

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$31.90

Average Daily Volume

31,580

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

JETD

Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs

JETD Description

The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.

Grade (RS Rating)

Last Trade

$13.20

Average Daily Volume

4,528

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	MISL	JETD
30 Days	-4.28%	-9.93%
60 Days	0.98%	-33.49%
90 Days	2.55%	-43.25%
12 Months	32.62%	-60.25%

3 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in JETD	Overlap
	BA	D	7.46%	9.0%	7.46%
	GD	D	7.96%	7.17%	7.17%
	RTX	D	7.82%	9.0%	7.82%

MISL Overweight 29 Positions Relative to JETD

	Symbol	Grade	Weight
	TDG	D	7.35%
	LMT	D	7.27%
	HWM	A	4.44%
	HEI	A	4.26%
	LHX	B	4.11%
	LDOS	C	4.09%
	TXT	D	3.99%
	NOC	D	3.86%
	CW	B	3.83%
	CACI	D	3.04%
	PSN	D	2.95%
	WWD	B	2.86%
	RKLB	B	2.39%
	KBR	F	2.22%
	HII	F	2.12%
	NPAB	F	2.1%
	MOG.A	B	1.93%
	SAIC	F	1.73%
	AVAV	C	1.59%
	HXL	F	1.36%
	KTOS	C	1.06%
	SPR	D	0.98%
	AIR	B	0.67%
	MRCY	C	0.67%
	TGI	A	0.38%
	LUNR	B	0.36%
	DCO	B	0.28%
	ATRO	D	0.16%
	NPK	C	0.15%

MISL Underweight 14 Positions Relative to JETD

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

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Information Technology Services Diversified Industrials Communication Equipment Computer Systems Engineering & Construction Security & Protection Services Shell Companies Specialty Industrial Machinery

Keywords: Aerospace S&P 500 Department Of Defense Avionics Weapons Engineering Services Helicopter National Security Radar Space Systems Actuator Aerostructure Aviation Defense Systems Electronics Microwave Test Systems U.S. Department Of Defense Aerospace Systems Combat Systems

JETD: Top Represented Industries & Keywords

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

Keywords: Aviation S&P 500 Air Transportation Airline Aerospace Air Transportation Services Airport Cargo Customs Brokerage Freight Forwarder Freight Transport Transport Aircraft Management Airline Industry Brakes Business Aviation Cargo Services Dow Jones Component Express Mail Freight Services