JETU vs. NDVG ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Nuveen Dividend Growth ETF (NDVG)
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
$27.43
Average Daily Volume
404
17
NDVG
Nuveen Dividend Growth ETF
NDVG Description
The investment seeks an attractive total return comprised of income from dividends and long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in dividend-paying exchange-traded equity securities, which include common stocks and preferred securities. It may invest in small-, mid- and large-cap companies. The fund may invest up to 25% of its net assets in non- U.S. exchange-traded equity securities that are U.S. dollar-denominated.Grade (RS Rating)
Last Trade
$32.97
Average Daily Volume
1,501
41
Performance
| Period | JETU | NDVG |
|---|---|---|
| 30 Days | 4.85% | -1.11% |
| 60 Days | 39.93% | 0.60% |
| 90 Days | 59.15% | 3.61% |
| 12 Months | 67.65% | 25.06% |
1 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in NDVG | Overlap | |
|---|---|---|---|---|---|
| HON | B | 9.0% | 1.79% | 1.79% |
JETU Underweight 40 Positions Relative to NDVG
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSFT | D | -7.64% | |
| AAPL | C | -7.32% | |
| AVGO | D | -4.38% | |
| JPM | B | -3.65% | |
| MSI | A | -3.25% | |
| UNH | B | -3.23% | |
| AXP | B | -2.96% | |
| LIN | D | -2.93% | |
| MA | B | -2.89% | |
| ACN | B | -2.83% | |
| WMT | A | -2.48% | |
| MCD | D | -2.47% | |
| ETN | B | -2.4% | |
| TSM | C | -2.39% | |
| NEE | C | -2.37% | |
| XOM | A | -2.21% | |
| MMC | D | -2.19% | |
| LOW | C | -2.18% | |
| ABT | B | -2.17% | |
| ABBV | F | -2.14% | |
| TT | A | -2.13% | |
| PLD | D | -2.12% | |
| TJX | A | -2.11% | |
| SPGI | D | -2.08% | |
| APH | B | -2.04% | |
| PM | A | -2.03% | |
| CMCSA | B | -2.02% | |
| CVX | A | -2.01% | |
| ZTS | D | -2.01% | |
| AMT | D | -1.98% | |
| WEC | A | -1.83% | |
| PKG | A | -1.59% | |
| ELV | F | -1.49% | |
| PEP | F | -1.38% | |
| MDLZ | F | -1.38% | |
| UNP | D | -1.37% | |
| NOC | D | -1.31% | |
| NVO | D | -1.17% | |
| SBUX | B | -1.14% | |
| TXN | C | -0.95% |
JETU: Top Represented Industries & Keywords
NDVG: Top Represented Industries & Keywords
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