XTN vs. JETU ETF Comparison
Comparison of SPDR S&P Transportation ETF (XTN) to Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU)
XTN
SPDR S&P Transportation ETF
XTN 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 transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation 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 transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$91.39
Average Daily Volume
32,641
42
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
Performance
| Period | XTN | JETU |
|---|---|---|
| 30 Days | 8.53% | 8.77% |
| 60 Days | 14.98% | 39.51% |
| 90 Days | 16.72% | 49.84% |
| 12 Months | 25.00% | 64.09% |
11 Overlapping Holdings
| Symbol | Grade | Weight in XTN | Weight in JETU | Overlap | |
|---|---|---|---|---|---|
| AAL | B | 3.04% | 7.91% | 3.04% | |
| ALGT | B | 2.12% | 0.46% | 0.46% | |
| ALK | B | 2.89% | 1.84% | 1.84% | |
| DAL | B | 3.27% | 8.98% | 3.27% | |
| FDX | B | 2.33% | 9.0% | 2.33% | |
| FWRD | D | 1.17% | 0.53% | 0.53% | |
| JBLU | F | 2.73% | 1.84% | 1.84% | |
| LUV | C | 2.58% | 6.79% | 2.58% | |
| SKYW | C | 3.23% | 0.63% | 0.63% | |
| UAL | A | 4.14% | 7.29% | 4.14% | |
| UPS | C | 2.38% | 9.0% | 2.38% |
XTN Overweight 31 Positions Relative to JETU
| Symbol | Grade | Weight | |
|---|---|---|---|
| LYFT | C | 3.6% | |
| CAR | C | 3.18% | |
| XPO | B | 3.1% | |
| SAIA | B | 2.86% | |
| MATX | C | 2.83% | |
| R | B | 2.73% | |
| GXO | B | 2.68% | |
| ODFL | C | 2.64% | |
| CHRW | B | 2.54% | |
| KEX | B | 2.49% | |
| JBHT | C | 2.49% | |
| JOBY | B | 2.48% | |
| ARCB | C | 2.45% | |
| SNDR | B | 2.45% | |
| WERN | C | 2.45% | |
| NSC | B | 2.45% | |
| RXO | D | 2.44% | |
| CSX | C | 2.42% | |
| KNX | C | 2.41% | |
| LSTR | D | 2.34% | |
| EXPD | C | 2.28% | |
| UBER | F | 2.25% | |
| HUBG | A | 2.21% | |
| UNP | C | 2.16% | |
| GNK | D | 1.2% | |
| SNCY | C | 1.14% | |
| ATSG | B | 1.07% | |
| HTZ | C | 0.97% | |
| MRTN | D | 0.79% | |
| UHAL | D | 0.66% | |
| HTLD | C | 0.49% |
XTN: Top Represented Industries & Keywords
JETU: Top Represented Industries & Keywords
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