ITA vs. JETU ETF Comparison

Comparison of iShares U.S. Aerospace & Defense ETF (ITA) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
ITA

iShares U.S. Aerospace & Defense ETF

ITA Description

The investment seeks to track the investment results of an index composed of U.S. equities in the aerospace and defense sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Aerospace & Defense Index (the "underlying index"), which measures the performance of the aerospace and defense sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$146.49

Average Daily Volume

421,664

Number of Holdings *

35

* 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 ITA JETU
30 Days -3.50% 13.01%
60 Days 4.82% 37.00%
90 Days 7.47% 62.38%
12 Months 30.70% 72.85%
4 Overlapping Holdings
Symbol Grade Weight in ITA Weight in JETU Overlap
BA F 5.06% 9.0% 5.06%
GD D 4.27% 7.17% 4.27%
GE D 18.08% 9.0% 9.0%
RTX C 15.63% 9.0% 9.0%
ITA Overweight 31 Positions Relative to JETU
Symbol Grade Weight
LMT D 10.5%
AXON B 5.13%
LHX B 4.78%
HWM B 4.64%
NOC D 4.32%
TDG B 4.3%
TXT D 2.96%
CW B 2.6%
HEI D 2.51%
BWXT B 2.19%
WWD C 1.92%
HEI D 1.72%
HII F 1.43%
AVAV B 1.18%
MOG.A C 1.07%
HXL F 0.94%
SPR D 0.74%
RKLB B 0.73%
KTOS C 0.67%
DRS A 0.44%
AIR F 0.41%
MRCY D 0.32%
TGI C 0.21%
LOAR B 0.2%
CDRE D 0.18%
DCO D 0.16%
ACHR C 0.14%
VVX B 0.14%
RGR D 0.13%
SWBI C 0.11%
NPK F 0.07%
ITA 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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