JETU vs. IYT ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to iShares Transportation AverageETF (IYT)
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
$27.06
Average Daily Volume
415
17
IYT
iShares Transportation AverageETF
IYT Description
The investment seeks to track the investment results of an index composed of U.S. equities in the transportation 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 Transportation Average Index (the "underlying index"), which measures the performance of the transportation sector of the U.S. equity market.Grade (RS Rating)
Last Trade
$72.86
Average Daily Volume
476,483
44
Performance
| Period | JETU | IYT |
|---|---|---|
| 30 Days | 8.77% | 3.35% |
| 60 Days | 39.51% | 8.62% |
| 90 Days | 49.84% | 9.20% |
| 12 Months | 64.09% | 21.50% |
11 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in IYT | Overlap | |
|---|---|---|---|---|---|
| AAL | B | 7.91% | 1.48% | 1.48% | |
| ALGT | B | 0.46% | 0.18% | 0.18% | |
| ALK | B | 1.84% | 1.06% | 1.06% | |
| DAL | B | 8.98% | 5.83% | 5.83% | |
| FDX | B | 9.0% | 4.06% | 4.06% | |
| FWRD | D | 0.53% | 0.11% | 0.11% | |
| JBLU | F | 1.84% | 0.31% | 0.31% | |
| LUV | C | 6.79% | 3.12% | 3.12% | |
| SKYW | B | 0.63% | 0.73% | 0.63% | |
| UAL | A | 7.29% | 4.76% | 4.76% | |
| UPS | C | 9.0% | 7.9% | 7.9% |
JETU Underweight 33 Positions Relative to IYT
| Symbol | Grade | Weight | |
|---|---|---|---|
| UBER | F | -16.35% | |
| UNP | C | -15.87% | |
| ODFL | C | -4.83% | |
| CSX | C | -4.37% | |
| NSC | B | -4.25% | |
| XPO | B | -2.87% | |
| EXPD | C | -2.72% | |
| JBHT | C | -2.52% | |
| SAIA | B | -2.36% | |
| CHRW | B | -2.08% | |
| KNX | C | -1.49% | |
| KEX | B | -1.23% | |
| GXO | B | -1.17% | |
| R | B | -1.16% | |
| LSTR | D | -1.1% | |
| LYFT | C | -1.08% | |
| MATX | C | -0.9% | |
| RXO | D | -0.62% | |
| JOBY | B | -0.49% | |
| HUBG | A | -0.49% | |
| ARCB | C | -0.45% | |
| WERN | C | -0.42% | |
| CAR | C | -0.28% | |
| SNDR | B | -0.24% | |
| ATSG | A | -0.18% | |
| MRTN | D | -0.17% | |
| FIP | D | -0.16% | |
| GNK | D | -0.12% | |
| UHAL | D | -0.11% | |
| SNCY | C | -0.1% | |
| HTLD | C | -0.09% | |
| CVLG | B | -0.08% | |
| HTZ | C | -0.07% |
JETU: Top Represented Industries & Keywords
IYT: Top Represented Industries & Keywords
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