JETU vs. MISL ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to First Trust Indxx Aerospace & Defense ETF (MISL)
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

$24.24

Average Daily Volume

332

Number of Holdings *

17

* may have additional holdings in another (foreign) market
MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$31.90

Average Daily Volume

19,455

Number of Holdings *

32

* may have additional holdings in another (foreign) market
Performance
Period JETU MISL
30 Days 13.01% -0.90%
60 Days 37.00% 6.06%
90 Days 62.38% 11.04%
12 Months 72.85% 37.94%
3 Overlapping Holdings
Symbol Grade Weight in JETU Weight in MISL Overlap
BA F 9.0% 8.15% 8.15%
GD D 7.17% 8.11% 7.17%
RTX C 9.0% 7.97% 7.97%
JETU Overweight 14 Positions Relative to MISL
Symbol Grade Weight
UPS C 9.0%
HON B 9.0%
GE D 9.0%
FDX D 9.0%
DAL A 8.98%
AAL C 7.91%
UAL A 7.29%
LUV B 6.79%
JBLU D 1.84%
ALK B 1.84%
SKYW A 0.63%
CPA C 0.57%
FWRD C 0.53%
ALGT B 0.46%
JETU Underweight 29 Positions Relative to MISL
Symbol Grade Weight
TDG B -7.62%
LMT D -7.28%
LDOS A -4.47%
LHX B -4.01%
HWM B -3.88%
NOC D -3.84%
HEI D -3.78%
TXT D -3.74%
CW B -3.71%
CACI A -3.44%
PSN A -3.05%
HII F -2.72%
WWD C -2.67%
KBR B -2.45%
NPAB F -2.09%
SAIC A -1.99%
MOG.A C -1.71%
AVAV B -1.7%
RKLB B -1.56%
HXL F -1.4%
SPR D -1.05%
KTOS C -1.0%
AIR F -0.6%
MRCY D -0.55%
TGI C -0.31%
LUNR C -0.29%
DCO D -0.25%
ATRO D -0.17%
NPK F -0.15%
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