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ETFs

MAX Airlines 3x Leveraged ETN

JETU
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Today’s Change
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Snapshot
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Inception Date
Jun 20, 2023
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MAX ETNs
Volume (1m avg. daily)
$5,101
AUM
$2,658,724
Associated Index
Prime Airlines Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
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What is JETU?

The MAX Airlines Exchange Traded Notes are linked to the performance of the Prime Airlines Index. Each ETN offers investors a return based on changes in the level of the Index on a daily compounded basis, before taking into account fees. The Prime Airlines Index includes stocks 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. The index's underlying composition is modified liquidity weighted.

1M
3M
6M
YTD
1Y
3Y
Max
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JETU
Performance Measures**

for the time period Jun 21, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 19.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 8.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -68.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 68.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.35

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.02

The annualized return divided by the max drawdown for the selected time period.

ETFs related toJETU

ETFs correlated to JETU include JETS, XTN, IYT

JETU
Bank of Montreal - ZC SP ETN REDEEM 28/05/2043 USD 25 - 063679492
JETS
ETF Series Solutions Trust - ESS U.S.Global Jets ETF
XTN
SPDR Series Trust - SPDR S&P Transportation ETF
IYT
BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
RPV
Invesco Capital Management LLC - Invesco S&P 500 Pure Value ETF
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
PEJ
Invesco Capital Management LLC - Invesco Leisure and Entertainment ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell 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.

FAQ

JETU is a US Equities ETF. The MAX Airlines Exchange Traded Notes are linked to the performance of the Prime Airlines Index. Each ETN offers investors a return based on changes in the level of the Index on a daily compounded basis, before taking into account fees. The Prime Airlines Index includes stocks 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. The index's underlying composition is modified liquidity weighted.

JETU tracks the Prime Airlines Index.

No, JETU 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, JETU 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 JETU is -0.221%. This is the percent change in the value of JETU over the most recent 1-month period. The 3-month return on JETU is -0.3224%. This is the percent change in the value of JETU over the most recent 3-month period.

ETFs similar to JETU include JETD, SSO, and QID.

ETFs correlated to JETU include JETS, XTN, and IYT.

ETFs that are inversely correlated to JETU include HDGE, RWM, and HIBS.

Yes, JETU is a Leveraged (3x) ETF: This means that JETU will try to match the performance of Prime Airlines Index, but with 3x the returns.

No, JETU is not an inverse ETF.

Disclaimers

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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.