SHLD vs. JETU ETF Comparison

Comparison of Global X Defense Tech ETF (SHLD) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)

SHLD

Global X Defense Tech ETF

SHLD Description

The investment seeks to provide investment results that track the performance of the Nasdaq Yewno Aerospace & Defense IndexTM before fees and expenses. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities of companies in the index that are tied to the protection of national security interests of the United States. From the universe of eligible securities, the index identifies the top 50 eligible companies ranked by total outstanding contracts relating to the protection of U.S. national security interests, and projected revenue amounts.

Grade (RS Rating)

Last Trade

$39.75

Average Daily Volume

288,959

Number of Holdings ^*

* 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

$28.13

Average Daily Volume

415

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHLD	JETU
30 Days	3.70%	14.52%
60 Days	7.43%	41.24%
90 Days	8.58%	55.74%
12 Months	46.95%	70.55%

2 Overlapping Holdings

	Symbol	Grade	Weight in SHLD	Weight in JETU	Overlap
	GD	F	6.94%	7.17%	6.94%
	RTX	C	7.85%	9.0%	7.85%

SHLD Overweight 15 Positions Relative to JETU

Symbol	Grade	Weight
PLTR	B	10.38%
LMT	D	7.91%
NOC	D	7.31%
LDOS	C	4.86%
LHX	C	4.35%
BWXT	B	4.01%
PSN	D	3.92%
HII	D	2.66%
MOG.A	B	2.07%
AVAV	D	2.02%
KTOS	B	1.35%
OSIS	B	0.81%
MRCY	B	0.8%
NPK	B	0.13%
BBAI	C	0.05%

SHLD Underweight 15 Positions Relative to JETU

Symbol	Grade	Weight
BA	F	-9.0%
UPS	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%
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: Top Represented Industries & Keywords

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