JETS
US Global Jets ETF
US Global Jets ETF is an exchange-traded fund incorporated in the USA. The Fund tracks a smart beta Index composed of common stocks of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies listed on well-developed securities exchanges across the globe. The Index may include small, mid, and large capitalization companies.
Fund Basics
| Fund sponsor | US Global Investors Inc |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 30, 2015 |
| Assets (mns) | $2,522 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Smart-beta | Yes |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| DELTA AIR LINES INC | 10.2 % |
| SOUTHWEST AIRLINES CO | 9.8 % |
| UNITED CONTINENTAL HOLDINGS | 9.5 % |
| AMERICAN AIRLINES GROUP INC | 8.1 % |
| ALLEGIANT TRAVEL CO | 4.2 % |
| JETBLUE AIRWAYS CORP | 4.1 % |
| ALASKA AIR GROUP INC | 3.9 % |
| AIR CANADA | 3.9 % |
| SKYWEST INC | 3.6 % |
| HAWAIIAN HOLDINGS INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 510 |
| Wgt avg mkt cap (mns) | $9,676 |
| Large cap (>$10bn) | 28.6% |
| Mid cap ($2-10bn) | 53.8% |
| Small cap (<$2bn) | 17.6% |
| Developed mkts. | 86.3% |
| Emerging mkts. | 13.8% |
Country Exposure
 |
UNITED STATES | 65.7 % |
 |
CANADA | 4.1 % |
 |
BRITAIN | 3.9 % |
 |
MEXICO | 3.5 % |
 |
CHINA | 3.5 % |
 |
TURKEY | 3.0 % |
 |
SINGAPORE | 2.2 % |
 |
BRAZIL | 2.1 % |
 |
PANAMA | 1.3 % |
 |
AUSTRALIA | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 10/31/2020)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -46.3% | -44.8% | -23.5% | -15.9% | -7.2% | -- | -4.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 60% |
| MSCI EAFE | 1.69 | 64% |
| MSCI Emg Mkts | 1.21 | 51% |
Liquidity Measures
| Avg. volume (000) | 4,344 |
| Turnover | 3.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $3,299 |
Technical Indicators
| Recent close | $22.56 |
| 30d moving avg. | $18.81 |
| Annualized volatility | 34.2% |
| Relative strength (RSI) | 68 |
| Short interest (ETF) | 3.1% |
| Short interest (underlying) | 0.0% |
Distributions
Total Cost of Ownership Detail
| JETS | Difference | ||
|---|---|---|---|
| Fund expenses | -- | -- | |
| Bid/Ask spread | -- | -- | |
| Round-trip commission | -- | -- | -- |
| Total Cost of Ownership | -- | -- | -- |
Total Cost of Ownership over Time
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JETS |
Expenses vs. JETS |
ALTAR Score™ vs. JETS |
|---|---|---|---|---|
| XTN | SPDR S&P Transportation ETF | 26.3% | -25 bp | +1.7% |
| FTXR | First Trust Nasdaq Transportation ETF | 13.8% | 0 bp | +3.5% |
| IYT | iShares Transportation Average ETF | 9.8% | -18 bp | +2.3% |
| RGI | Invesco S&P 500 Equal Weight Industrials ETF | 9.5% | -20 bp | +2.5% |
| SFYF | SoFi 50 ETF | 8.9% | -31 bp | -0.5% |
| LSAT | Leadershares Alphafactor Tactical Focused ETF | 7.2% | +39 bp | +4.6% |
| ITA | iShares U.S. Aerospace & Defense ETF | 5.7% | -18 bp | +4.2% |
| XAR | SPDR S&P Aerospace & Defense ETF | 5.7% | -25 bp | +2.4% |
| IGF | iShares Global Infrastructure ETF | 5.5% | -14 bp | +3.1% |
| GII | SPDR S&P Global Infrastructure ETF | 5.5% | -20 bp | +3.2% |
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Results & Estimates
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2019 | 2020E | Fwd Est | 2021E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/24/2020
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JETS
1.6%
Cat. Avg
3.8%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 1.6% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 201 funds in the Global Equities category, with an average ALTAR Score™
of 3.8% and a standard deviation of
4.5%. JETS's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places JETS in the 31st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JETS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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Market Activity
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