DFEN vs. JETU ETF Comparison

Comparison of Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
DFEN

Direxion Daily Aerospace & Defense Bull 3X Shares

DFEN Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by Dow Jones U.S. Index. The index provider attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.80

Average Daily Volume

237,914

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

$24.24

Average Daily Volume

332

Number of Holdings *

17

* may have additional holdings in another (foreign) market
Performance
Period DFEN JETU
30 Days -11.54% 13.01%
60 Days 11.96% 37.00%
90 Days 18.55% 62.38%
12 Months 86.69% 72.85%
4 Overlapping Holdings
Symbol Grade Weight in DFEN Weight in JETU Overlap
BA F 3.04% 9.0% 3.04%
GD D 2.56% 7.17% 2.56%
GE D 10.87% 9.0% 9.0%
RTX C 9.39% 9.0% 9.0%
DFEN Overweight 28 Positions Relative to JETU
Symbol Grade Weight
LMT D 6.31%
AXON B 3.08%
LHX B 2.87%
HWM B 2.79%
NOC D 2.6%
TDG B 2.58%
TXT D 1.78%
CW B 1.56%
HEI D 1.51%
BWXT B 1.31%
WWD C 1.16%
HEI D 1.04%
HII F 0.86%
AVAV B 0.71%
MOG.A C 0.64%
HXL F 0.57%
SPR D 0.45%
RKLB B 0.44%
KTOS C 0.41%
AIR F 0.24%
MRCY D 0.19%
TGI C 0.13%
CDRE D 0.11%
DCO D 0.09%
RGR D 0.08%
ACHR C 0.08%
SWBI C 0.07%
NPK F 0.04%
DFEN Underweight 13 Positions Relative to JETU
Symbol Grade Weight
UPS C -9.0%
HON B -9.0%
FDX D -9.0%
DAL A -8.98%
AAL C -7.91%
UAL A -7.29%
LUV B -6.79%
JBLU D -1.84%
ALK B -1.84%
SKYW A -0.63%
CPA C -0.57%
FWRD C -0.53%
ALGT B -0.46%
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