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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

CRUZ

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)$3,036
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
UNITED CONTINENTAL HOLDINGS 12.3 %
DELTA AIR LINES INC 11.3 %
AMERICAN AIRLINES GROUP INC 11.2 %
SOUTHWEST AIRLINES CO 10.1 %
SUN COUNTRY AIRLINES HOLDINGS, INC. 3.0 %
ALLEGIANT TRAVEL CO 2.9 %
SKYWEST INC 2.9 %
AIR CANADA 2.8 %
ALASKA AIR GROUP INC 2.7 %
HAWAIIAN HOLDINGS INC 2.5 %
Constituent Breakdown
Number of holdings50
Herfindahl-Hirschman Index 613
Wgt avg mkt cap (mns)$17,161
Large cap (>$10bn)60.1%
Mid cap ($2-10bn)26.1%
Small cap (<$2bn)11.7%
Developed mkts.91.8%
Emerging mkts.8.2%
Country Exposure
UNITED STATES 75.4 %
CANADA 2.8 %
TURKEY 2.8 %
JAPAN 2.7 %
BRAZIL 1.8 %
SPAIN 1.5 %
GERMANY 1.5 %
BRITAIN 1.4 %
CHINA 1.3 %
IRELAND 1.0 %
Historical Performance


Standardized Annual Returns (as of 04/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
1.8% -17.2% 19.3% -11.3% -4.8% -- -1.0%
Market Correlations
versus...BetaR-squared
S&P 5001.2939%
MSCI EAFE1.6863%
MSCI Emg Mkts1.2743%
Liquidity Measures
Avg. volume (000)9,727
Turnover6.3%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$7,899
Technical Indicators
Recent close$19.52
30d moving avg.$20.82
Annualized volatility38.4%
Relative strength (RSI)43
Short interest (ETF)6.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: JETS vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
0.4 -486.8 4.3 0.3% --
Based on closing prices from 5/19/2022
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SHOWING:
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

-4.7%

Cat. Avg

3.6%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-4.7%
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 be less relevant.

Category Overview
There are 312 funds in the Global Equities category, with an average ALTAR Score™ of 3.6% and a standard deviation of 4.5%. JETS's ALTAR Score™ is approximately 1.8 standard deviations below the category average. This places JETS in the 3rd 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



Recent Trends


Breakdown

 

Market Activity
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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 4.8 64.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.