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ETFs

MAX Airlines -3x Inverse Leveraged ETN

JETD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2023
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MAX ETNs
Volume (1m avg. daily)
$13,856
AUM
$5,552,904
Associated Index
Prime Airlines Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with JETD

What is JETD?

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.

ETFs related toJETD

ETFs correlated to JETD include HDGE, RWM, TWM

JETD
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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 toJETD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JETD using Composer

FAQ

JETD 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.

JETD tracks the Prime Airlines Index.

No, JETD 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, JETD 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 JETD is 0.2531%. This is the percent change in the value of JETD over the most recent 1-month period. The 3-month return on JETD is 0.3628%. This is the percent change in the value of JETD over the most recent 3-month period.

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

ETFs correlated to JETD include HDGE, RWM, and TWM.

ETFs that are inversely correlated to JETD include JETS, XTN, and IYT.

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

Yes, JETD is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Prime Airlines Index, but move 3x in the opposite direction.

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.