JETU vs. TPOR ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Direxion Daily Transportation Bull 3X Shares (TPOR)
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
TPOR
Direxion Daily Transportation Bull 3X Shares
TPOR Description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones Transportation AverageTM. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or ETFs that track the index. The index is provided by Dow Jones U.S. Index and measures the performance of large, well-known companies within the transportation industry (e.g. shipping, railroad companies, airlines, etc.) The fund is non-diversified.Grade (RS Rating)
Last Trade
$38.59
Average Daily Volume
19,940
42
Performance
| Period | JETU | TPOR |
|---|---|---|
| 30 Days | 14.52% | 14.04% |
| 60 Days | 41.24% | 24.68% |
| 90 Days | 55.74% | 26.82% |
| 12 Months | 70.55% | 46.75% |
11 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in TPOR | Overlap | |
|---|---|---|---|---|---|
| AAL | B | 7.91% | 1.01% | 1.01% | |
| ALGT | B | 0.46% | 0.12% | 0.12% | |
| ALK | C | 1.84% | 0.72% | 0.72% | |
| DAL | C | 8.98% | 3.92% | 3.92% | |
| FDX | B | 9.0% | 2.75% | 2.75% | |
| FWRD | D | 0.53% | 0.07% | 0.07% | |
| JBLU | F | 1.84% | 0.23% | 0.23% | |
| LUV | C | 6.79% | 2.1% | 2.1% | |
| SKYW | B | 0.63% | 0.48% | 0.48% | |
| UAL | A | 7.29% | 3.24% | 3.24% | |
| UPS | C | 9.0% | 5.35% | 5.35% |
JETU Underweight 31 Positions Relative to TPOR
| Symbol | Grade | Weight | |
|---|---|---|---|
| UBER | D | -10.88% | |
| UNP | C | -10.4% | |
| ODFL | B | -3.17% | |
| CSX | B | -2.87% | |
| NSC | B | -2.79% | |
| XPO | B | -1.87% | |
| EXPD | D | -1.84% | |
| JBHT | C | -1.61% | |
| SAIA | B | -1.56% | |
| CHRW | C | -1.41% | |
| KNX | B | -0.98% | |
| KEX | C | -0.81% | |
| GXO | B | -0.77% | |
| R | B | -0.77% | |
| LSTR | D | -0.72% | |
| LYFT | C | -0.7% | |
| MATX | C | -0.6% | |
| RXO | C | -0.41% | |
| HUBG | A | -0.33% | |
| JOBY | B | -0.3% | |
| ARCB | C | -0.29% | |
| WERN | C | -0.27% | |
| CAR | C | -0.2% | |
| SNDR | B | -0.16% | |
| ATSG | B | -0.12% | |
| MRTN | C | -0.11% | |
| GNK | D | -0.08% | |
| SNCY | C | -0.07% | |
| UHAL | D | -0.07% | |
| HTLD | B | -0.06% | |
| HTZ | C | -0.05% |
JETU: Top Represented Industries & Keywords
TPOR: Top Represented Industries & Keywords
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