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ETFs

U.S. Global Jets ETF

JETS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 30 2015
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
U.S. Global Investors
Volume (1m avg. daily)
$67,550,457
AUM
$1,394,319,860
Associated Index
U.S. Global Jets Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

LUV
Southwest Airlines Co
10.02%
DAL
Delta Air Lines, Inc.
9.89%
AAL
American Airlines Group Inc
9.88%
UAL
United Airlines Holdings Inc
9.71%
SNCY
Sun Country Airlines Holdings Inc
3.21%
SKYW
Skywest Inc.
3.15%
ALK
Alaska Air Group Inc.
3.05%
AC
Air Canada Inc.
2.86%
HA
Hawaiian Holdings, Inc.
2.84%
ALGT
Allegiant Travel
2.83%
Invest with JETS

What is JETS?

The U.S. Global Jets ETF (JETS) provides investors access to the global airline industry, including airline operators and manufacturers from all over the world. The Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines.

ETFs related toJETS

ETFs correlated to JETS include XTN, PEJ, FXD

JETS
ETF Series Solutions Trust - ESS U.S.Global Jets ETF
XTN
SPDR Series Trust - SPDR S&P Transportation ETF
PEJ
Invesco Capital Management LLC - Invesco Leisure and Entertainment ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
IYT
BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation ETF
RPV
Invesco Capital Management LLC - Invesco S&P 500 Pure Value ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
RFV
Invesco Capital Management LLC - Invesco S&P MidCap 400 Pure Value ETF
FNX
First Trust Exchange-Traded Fund III - First Trust Mid Cap Core AlphaDEX Fund
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
MDYV
SPDR Series Trust - SPDR S&P 400 Mid Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJETS

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with JETS using Composer

FAQ

JETS is a Global Equities ETF. The U.S. Global Jets ETF (JETS) provides investors access to the global airline industry, including airline operators and manufacturers from all over the world. The Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines.

JETS tracks the U.S. Global Jets Index.

No, JETS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JETS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JETS is -0.0986%. This is the percent change in the value of JETS over the most recent 1-month period. The 3-month return on JETS is -0.1526%. This is the percent change in the value of JETS over the most recent 3-month period.

The standard deviation of JETS for the past year is 0.2611%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JETS include IXJ, SMH, and URA.

ETFs correlated to JETS include XTN, PEJ, and FXD.

ETFs that are inversely correlated to JETS include HIBS, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.