XAR vs. JETD ETF Comparison

Comparison of SPDR S&P Aerospace & Defense ETF (XAR) to Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs (JETD)

XAR

SPDR S&P Aerospace & Defense ETF

XAR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the aerospace and defense segment of a U.S. total market composite index. In seeking to track the performance of the S&P Aerospace & Defense Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the aerospace and defense industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$170.17

Average Daily Volume

218,100

Number of Holdings ^*

30

* may have additional holdings in another (foreign) market

JETD

Bank Of Montreal MAX Airlines -3X Inverse Leveraged ETNs

JETD Description

The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.

Grade (RS Rating)

Last Trade

$13.24

Average Daily Volume

4,496

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	XAR	JETD
30 Days	5.70%	-11.61%
60 Days	9.87%	-33.31%
90 Days	10.84%	-39.53%
12 Months	36.00%	-59.37%

4 Overlapping Holdings

	Symbol	Grade	Weight in XAR	Weight in JETD	Overlap
	BA	F	3.8%	9.0%	3.8%
	GD	D	4.14%	7.17%	4.14%
	GE	D	4.31%	9.0%	4.31%
	RTX	D	4.3%	9.0%	4.3%

XAR Overweight 26 Positions Relative to JETD

	Symbol	Grade	Weight
	AXON	A	6.87%
	RKLB	A	5.41%
	HWM	A	5.12%
	CW	C	5.03%
	LHX	C	4.66%
	HEI	A	4.61%
	WWD	C	4.52%
	BWXT	B	4.37%
	TXT	D	4.23%
	NOC	D	4.15%
	LMT	D	4.08%
	TDG	D	4.01%
	SPR	D	3.92%
	AVAV	C	3.68%
	HXL	F	3.65%
	HII	F	3.22%
	MOG.A	B	2.06%
	KTOS	B	1.47%
	MRCY	C	1.39%
	TGI	B	1.19%
	AIR	B	1.15%
	ACHR	B	1.04%
	CDRE	F	0.45%
	DCO	C	0.21%
	NPK	B	0.19%
	ATRO	D	0.18%

XAR Underweight 13 Positions Relative to JETD

	Symbol	Grade	Weight
	UPS	C	-9.0%
	HON	C	-9.0%
	FDX	B	-9.0%
	DAL	B	-8.98%
	AAL	B	-7.91%
	UAL	A	-7.29%
	LUV	C	-6.79%
	JBLU	F	-1.84%
	ALK	B	-1.84%
	SKYW	C	-0.63%
	CPA	D	-0.57%
	FWRD	D	-0.53%
	ALGT	B	-0.46%

XAR: Top Represented Industries & Keywords

Industries: Aerospace & Defense Specialty Industrial Machinery Communication Equipment Computer Systems Diversified Industrials Security & Protection Services

Keywords: Aerospace S&P 500 Department Of Defense Avionics Weapons Aviation Helicopter Radar Space Systems U.S. Department Of Defense Actuator Aerostructure Defense Systems Electronics Microwave Test Systems Aerospace Systems Combat Systems Communications Systems Defense Applications

JETD: Top Represented Industries & Keywords

Industries: Airlines Aerospace & Defense Integrated Shipping & Logistics Diversified Industrials Specialty Industrial Machinery

Keywords: Aviation S&P 500 Air Transportation Airline Aerospace Air Transportation Services Airport Cargo Customs Brokerage Freight Forwarder Freight Transport Transport Aircraft Management Airline Industry Brakes Business Aviation Cargo Services Dow Jones Component Express Mail Freight Services