JETU vs. WBAT ETF Comparison
Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to WisdomTree Battery Value Chain and Innovation Fund (WBAT)
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
WBAT
WisdomTree Battery Value Chain and Innovation Fund
WBAT Description
WisdomTree Battery Value Chain and Innovation Fund is an exchange traded fund launched by WisdomTree Investments, Inc. The fund is co-managed by Mellon Investments Corporation and WisdomTree Asset Management, Inc. It invests in public equity markets of global region. The fund invests in stocks of companies operating across battery and energy storage solutions and innovation sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the WisdomTree Battery Value Chain and Innovation Index, by using representative sampling technique. WisdomTree Battery Value Chain and Innovation Fund is domiciled in the United States.Grade (RS Rating)
Last Trade
$27.67
Average Daily Volume
2,136
21
Performance
| Period | JETU | WBAT |
|---|---|---|
| 30 Days | 8.77% | 1.17% |
| 60 Days | 39.51% | 10.57% |
| 90 Days | 49.84% | 9.01% |
| 12 Months | 64.09% | -2.76% |
0 Overlapping Holdings
| Symbol | Grade | Weight in JETU | Weight in WBAT | Overlap |
|---|
JETU Underweight 21 Positions Relative to WBAT
JETU: Top Represented Industries & Keywords
WBAT: Top Represented Industries & Keywords
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