JETU vs. AQWA ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Global X Clean Water ETF (AQWA)
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
17
AQWA
Global X Clean Water ETF
AQWA Description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Clean Water Industry Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that have business operations in the provision of clean water. It is non-diversified.Grade (RS Rating)
Last Trade
$18.27
Average Daily Volume
1,574
21
Performance
| Period | JETU | AQWA |
|---|---|---|
| 30 Days | 14.52% | 1.44% |
| 60 Days | 41.24% | 0.19% |
| 90 Days | 55.74% | 1.00% |
| 12 Months | 70.55% | 20.41% |
0 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in AQWA | Overlap |
|---|
JETU Underweight 21 Positions Relative to AQWA
JETU: Top Represented Industries & Keywords
AQWA: Top Represented Industries & Keywords
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