NRSH vs. JETU ETF Comparison

Comparison of Aztlan North America Nearshoring Stock Selection ETF (NRSH) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.08

Average Daily Volume

1,402

Number of Holdings ^*

17

* 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

$27.46

Average Daily Volume

386

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	NRSH	JETU
30 Days	0.36%	7.92%
60 Days	3.50%	39.79%
90 Days	5.55%	60.01%
12 Months		73.54%

1 Overlapping Holdings

	Symbol	Grade	Weight in NRSH	Weight in JETU	Overlap
	FWRD	D	4.59%	0.53%	0.53%

NRSH Overweight 16 Positions Relative to JETU

	Symbol	Grade	Weight
	MATX	B	7.64%
	CHRW	A	7.28%
	LSTR	D	6.06%
	CSX	B	5.6%
	GXO	B	5.51%
	UNP	D	5.46%
	SNDR	B	5.28%
	ARCB	C	5.24%
	WERN	B	5.14%
	HUBG	A	5.13%
	NSC	B	4.85%
	CNI	F	4.41%
	KEX	A	4.19%
	ATSG	A	1.35%
	GNK	C	0.96%
	ULH	B	0.58%

NRSH Underweight 16 Positions Relative to JETU

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

NRSH: Top Represented Industries & Keywords

Industries: Integrated Shipping & Logistics Railroads Trucking Shipping & Ports Airports & Air Services Specialty Business Services

Keywords: Freight Transport Logistics Services Transport Cargo Customs Brokerage Drayage Freight Transportation Logistics Transportation Service Automotive Products Chemical Freight Transportation Services Intermodal Container S&P 500 Apl Logistics Consumer Products Intermodal Services Logistics Solutions Machinery Ocean Transportation

JETU: 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