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) | $1,198 |
| 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
| SOUTHWEST AIRLINES CO | 10.9 % |
| DELTA AIR LINES INC | 9.8 % |
| UNITED CONTINENTAL HOLDINGS | 9.7 % |
| AMERICAN AIRLINES GROUP INC | 8.4 % |
| ALLEGIANT TRAVEL CO | 3.9 % |
| ALASKA AIR GROUP INC | 3.9 % |
| SKYWEST INC | 3.8 % |
| JETBLUE AIRWAYS CORP | 3.7 % |
| AIR CANADA | 3.7 % |
| AIR TRANSPORT SERVICES GROUP | 3.2 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 509 |
| Wgt avg mkt cap (mns) | $9,602 |
| Large cap (>$10bn) | 30.6% |
| Mid cap ($2-10bn) | 49.6% |
| Small cap (<$2bn) | 19.8% |
| Developed mkts. | 87.5% |
| Emerging mkts. | 12.5% |
Country Exposure
 |
UNITED STATES | 66.3 % |
 |
CANADA | 3.7 % |
 |
BRITAIN | 3.6 % |
 |
MEXICO | 2.9 % |
 |
CHINA | 2.7 % |
 |
TURKEY | 2.0 % |
 |
SINGAPORE | 2.0 % |
 |
BRAZIL | 2.0 % |
 |
FRANCE | 1.7 % |
 |
THAILAND | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 06/30/2020)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -47.1% | -44.2% | -23.4% | -18.2% | -5.0% | -- | -5.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.55 | 64% |
| MSCI EAFE | 1.68 | 65% |
| MSCI Emg Mkts | 1.24 | 56% |
Liquidity Measures
| Avg. volume (000) | 10,160 |
| Turnover | 14.1% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $7,182 |
Technical Indicators
| Recent close | $16.59 |
| 30d moving avg. | $17.13 |
| Annualized volatility | 32.9% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 4.4% |
| 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 | 23.5% | -25 bp | +1.2% |
| FTXR | First Trust Nasdaq Transportation ETF | 12.2% | 0 bp | +1.9% |
| IYT | iShares Transportation Average ETF | 10.4% | -18 bp | +0.8% |
| RGI | Invesco S&P 500 Equal Weight Industrials ETF | 8.8% | -20 bp | +1.2% |
| ITA | iShares U.S. Aerospace & Defense ETF | 6.1% | -18 bp | +2.0% |
| XAR | SPDR S&P Aerospace & Defense ETF | 6.1% | -25 bp | +1.0% |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 6.1% | +4 bp | +3.3% |
| GII | SPDR S&P Global Infrastructure ETF | 5.8% | -20 bp | +0.8% |
| IGF | iShares Global Infrastructure ETF | 5.8% | -14 bp | +0.8% |
| SLT | Salt TruBeta High Exposure ETF | 5.6% | -31 bp | +5.0% |
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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 7/2/2020
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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 acheived 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
4.5%
Cat. Avg
4.5%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.5% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 198 funds in the Global Equities category, with an average ALTAR Score™
of 4.5% and a standard deviation of
5.1%. JETS's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places JETS in the 50th 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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