JETU vs. LBO ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)
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
LBO
WHITEWOLF Publicly Listed Private Equity ETF
LBO Description
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines "listed private equity companies" as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, "Listed Private Equity Companies") that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.Grade (RS Rating)
Last Trade
$34.05
Average Daily Volume
1,354
35
Performance
| Period | JETU | LBO |
|---|---|---|
| 30 Days | 8.77% | 4.19% |
| 60 Days | 39.51% | 10.63% |
| 90 Days | 49.84% | 17.42% |
| 12 Months | 64.09% |
0 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in LBO | Overlap |
|---|
JETU Underweight 35 Positions Relative to LBO
| Symbol | Grade | Weight | |
|---|---|---|---|
| KKR | A | -8.25% | |
| ARCC | A | -6.95% | |
| FSK | A | -6.75% | |
| TPG | A | -6.64% | |
| OWL | A | -6.37% | |
| BX | A | -6.26% | |
| APO | B | -6.11% | |
| BXSL | A | -6.1% | |
| ARES | A | -5.23% | |
| CG | B | -5.12% | |
| HTGC | D | -4.76% | |
| HLNE | B | -3.14% | |
| GBDC | D | -3.07% | |
| PSEC | D | -2.42% | |
| CSWC | D | -2.31% | |
| GSBD | F | -2.08% | |
| BBDC | A | -1.83% | |
| BCSF | C | -1.67% | |
| TRIN | A | -1.43% | |
| NMFC | D | -1.33% | |
| STEP | C | -1.21% | |
| PFLT | D | -1.14% | |
| CODI | B | -1.09% | |
| TCPC | C | -1.07% | |
| CGBD | C | -0.82% | |
| CION | C | -0.74% | |
| TSLX | C | -0.44% | |
| GCMG | A | -0.22% | |
| SCM | B | -0.2% | |
| PNNT | C | -0.2% | |
| FDUS | A | -0.16% | |
| GAIN | B | -0.14% | |
| SAR | A | -0.14% | |
| PX | A | -0.14% | |
| TPVG | B | -0.14% |
JETU: Top Represented Industries & Keywords
LBO: Top Represented Industries & Keywords
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