JETD vs. XTN ETF Comparison

Comparison of Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD) to SPDR S&P Transportation ETF (XTN)

JETD

Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs

JETD Description

The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.

Grade (RS Rating)

Last Trade

$13.08

Average Daily Volume

4,481

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XTN

SPDR S&P Transportation ETF

XTN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.60

Average Daily Volume

26,603

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JETD	XTN
30 Days	-10.75%	7.19%
60 Days	-33.65%	16.15%
90 Days	-43.62%	19.76%
12 Months	-61.51%	27.41%

11 Overlapping Holdings

Symbol	Grade	Weight in JETD	Weight in XTN	Overlap
AAL	B	7.91%	2.97%	2.97%
ALGT	A	0.46%	2.03%	0.46%
ALK	A	1.84%	2.85%	1.84%
DAL	A	8.98%	3.12%	3.12%
FDX	A	9.0%	2.3%	2.3%
FWRD	D	0.53%	1.23%	0.53%
JBLU	C	1.84%	2.37%	1.84%
LUV	A	6.79%	2.54%	2.54%
SKYW	A	0.63%	3.32%	0.63%
UAL	A	7.29%	3.96%	3.96%
UPS	C	9.0%	2.46%	2.46%

JETD Overweight 6 Positions Relative to XTN

Symbol	Grade	Weight
BA	F	9.0%
RTX	D	9.0%
HON	A	9.0%
GE	D	9.0%
GD	D	7.17%
CPA	A	0.57%

JETD Underweight 31 Positions Relative to XTN

Symbol	Grade	Weight
LYFT	B	-3.63%
XPO	B	-3.2%
SAIA	B	-2.94%
CAR	C	-2.89%
MATX	B	-2.83%
GXO	B	-2.77%
ODFL	B	-2.7%
R	A	-2.68%
RXO	C	-2.6%
JBHT	B	-2.6%
NSC	B	-2.57%
KNX	B	-2.54%
ARCB	C	-2.53%
WERN	B	-2.51%
CHRW	A	-2.51%
SNDR	B	-2.5%
CSX	B	-2.47%
KEX	A	-2.46%
LSTR	D	-2.41%
UBER	C	-2.35%
EXPD	D	-2.31%
UNP	D	-2.27%
JOBY	B	-2.19%
HUBG	A	-2.16%
GNK	C	-1.21%
SNCY	B	-1.16%
ATSG	A	-1.1%
MRTN	C	-0.83%
HTZ	C	-0.75%
UHAL	D	-0.72%
HTLD	B	-0.49%

JETD: Top Represented Industries & Keywords

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