LITP vs. JETU ETF Comparison
Comparison of Sprott Lithium Miners ETF (LITP) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
LITP
Sprott Lithium Miners ETF
LITP Description
The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, or production of lithium. The index generally consists of from 40 to 50 constituents. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$8.35
Average Daily Volume
13,412
Number of Holdings
*
5
* may have additional holdings in another (foreign) market
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
Number of Holdings
*
17
* may have additional holdings in another (foreign) market
Performance
| Period | LITP | JETU |
|---|---|---|
| 30 Days | -0.60% | 14.52% |
| 60 Days | 18.27% | 41.24% |
| 90 Days | 12.84% | 55.74% |
| 12 Months | -26.43% | 70.55% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LITP | Weight in JETU | Overlap |
|---|
LITP: Top Represented Industries & Keywords
JETU: Top Represented Industries & Keywords
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