MISL vs. JETU ETF Comparison
Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
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
$31.45
Average Daily Volume
30,638
Number of Holdings
*
32
* may have additional holdings in another (foreign) market
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
Number of Holdings
*
17
* may have additional holdings in another (foreign) market
Performance
| Period | MISL | JETU |
|---|---|---|
| 30 Days | -4.75% | 5.02% |
| 60 Days | 0.30% | 33.72% |
| 90 Days | 2.08% | 59.44% |
| 12 Months | 32.71% | 69.30% |
MISL Overweight 29 Positions Relative to JETU
| 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 | C | 3.04% | |
| PSN | C | 2.95% | |
| WWD | B | 2.86% | |
| RKLB | B | 2.39% | |
| KBR | D | 2.22% | |
| HII | F | 2.12% | |
| NPAB | F | 2.1% | |
| MOG.A | B | 1.93% | |
| SAIC | D | 1.73% | |
| AVAV | C | 1.59% | |
| HXL | F | 1.36% | |
| KTOS | C | 1.06% | |
| SPR | D | 0.98% | |
| AIR | B | 0.67% | |
| MRCY | B | 0.67% | |
| TGI | A | 0.38% | |
| LUNR | B | 0.36% | |
| DCO | B | 0.28% | |
| ATRO | F | 0.16% | |
| NPK | C | 0.15% |
MISL: Top Represented Industries & Keywords
JETU: Top Represented Industries & Keywords
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