JETU vs. AIRL ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Themes Airlines ETF (AIRL)

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

AIRL

Themes Airlines ETF

AIRL Description

The index is a free float adjusted, market capitalization weighted index that is designed to provide exposure to companies that have business operations in the airlines industry. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.13

Average Daily Volume

233

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

Performance

Period	JETU	AIRL
30 Days	7.92%	7.52%
60 Days	39.79%	18.31%
90 Days	60.01%	29.99%
12 Months	73.54%

9 Overlapping Holdings

	Symbol	Grade	Weight in JETU	Weight in AIRL	Overlap
	AAL	B	7.91%	4.8%	4.8%
	ALGT	A	0.46%	2.53%	0.46%
	ALK	A	1.84%	4.95%	1.84%
	CPA	A	0.57%	4.23%	0.57%
	DAL	A	8.98%	5.17%	5.17%
	JBLU	C	1.84%	3.75%	1.84%
	LUV	A	6.79%	4.31%	4.31%
	SKYW	A	0.63%	5.24%	0.63%
	UAL	A	7.29%	6.84%	6.84%

JETU Overweight 8 Positions Relative to AIRL

	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%
	GD	D	7.17%
	FWRD	D	0.53%

JETU Underweight 3 Positions Relative to AIRL

	Symbol	Grade	Weight
	SNCY	B	-1.17%
	ULCC	B	-0.87%
	SAVE	F	-0.04%

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

AIRL: Top Represented Industries & Keywords

Industries: Airlines

Keywords: Aviation Airline Air Transportation Air Transportation Services Opentravel Alliance Low Cost Carriers S&P 500 Airbus A320 Family Airport Cargo Services Hawaii Passenger Airline Star Alliance Aircraft Management Airline Industry Airline Passenger Airline Services Car Rental Connectivity Services Distribution Systems