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.


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1.6%

ALTAR Score™
Trend in ALTAR Score™

XTN

Closest Comp

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorUS Global Investors Inc
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateApr 30, 2015
Assets (mns)$2,522
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Smart-betaYes
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings40
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)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-46.3% -44.8% -23.5% -15.9% -7.2% -- -4.9%
Market Correlations
versus...BetaR-squared
S&P 5001.4960%
MSCI EAFE1.6964%
MSCI Emg Mkts1.2151%
Liquidity Measures
Avg. volume (000)4,344
Turnover3.9%
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 volatility34.2%
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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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 --%
0.7 -18.2 3.3 0.4% --
Based on closing prices from 11/24/2020
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
SELL
U/W
HOLD
O/W
BUY



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Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.