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) | $3,350 |
| 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
| AMERICAN AIRLINES GROUP INC | 10.1 % |
| DELTA AIR LINES INC | 9.9 % |
| SOUTHWEST AIRLINES CO | 9.9 % |
| UNITED CONTINENTAL HOLDINGS | 9.5 % |
| ALASKA AIR GROUP INC | 3.0 % |
| ALLEGIANT TRAVEL CO | 3.0 % |
| AIR CANADA | 2.9 % |
| JETBLUE AIRWAYS CORP | 2.8 % |
| SKYWEST INC | 2.7 % |
| SPIRIT AIRLINES INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 497 |
| Wgt avg mkt cap (mns) | $19,624 |
| Large cap (>$10bn) | 47.4% |
| Mid cap ($2-10bn) | 42.1% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 91.5% |
| Emerging mkts. | 8.5% |
Country Exposure
 |
UNITED STATES | 71.1 % |
 |
BRITAIN | 3.0 % |
 |
CANADA | 2.9 % |
 |
JAPAN | 2.5 % |
 |
TURKEY | 2.4 % |
 |
CHINA | 2.0 % |
 |
SPAIN | 1.6 % |
 |
BRAZIL | 1.5 % |
 |
AUSTRALIA | 1.2 % |
 |
NETHERLANDS | 1.1 % |
Historical Performance
Standardized Annual Returns (as of 06/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.0% | 45.3% | -10.0% | -5.2% | 3.5% | -- | 1.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.68 | 58% |
| MSCI EAFE | 1.86 | 70% |
| MSCI Emg Mkts | 1.42 | 49% |
Liquidity Measures
| Avg. volume (000) | 4,115 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $12,620 |
Technical Indicators
| Recent close | $23.01 |
| 30d moving avg. | $24.25 |
| Annualized volatility | 40.8% |
| Relative strength (RSI) | 34 |
| Short interest (ETF) | 2.8% |
| Short interest (underlying) | 0.0% |
Distributions
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 |
|---|---|---|---|---|
| CRUZ | Defiance Hotel Airline and Cruise ETF | 37.7% | -15 bp | +1.0% |
| TRYP | SonicShares Airlines, Hotels, Cruise Lines ETF | 29.3% | +15 bp | +1.1% |
| XTN | SPDR S&P Transportation ETF | 24.0% | -25 bp | +4.7% |
| IYT | iShares Transportation Average ETF | 15.7% | -18 bp | +5.7% |
| FTXR | First Trust Nasdaq Transportation ETF | 10.8% | 0 bp | +5.7% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 7/23/2021
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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.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JETS
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
-2.4%
Cat. Avg
3.3%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -2.4% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.
Category Overview
There are 228 funds in the Global Equities category, with an average ALTAR Score™
of 3.3% and a standard deviation of
3.8%. JETS's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places JETS in the 7th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JETS | 60.0 | 3.9 | 63.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .