JETS
U.S. 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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
1.1 B
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | US Global Investors Inc |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 30, 2015 |
| Assets (mns) | $1,062 |
| 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 |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DELTA AIR LINES INC | 10.7 % |
| SOUTHWEST AIRLINES CO | 10.7 % |
| UNITED CONTINENTAL HOLDINGS | 10.6 % |
| AMERICAN AIRLINES GROUP INC | 10.5 % |
| SKYWEST INC | 3.0 % |
| AIR CANADA | 3.0 % |
| ALASKA AIR GROUP INC | 3.0 % |
| SUN COUNTRY AIRLINES HOLDINGS, INC. | 2.9 % |
| FRONTIER GROUP HOLDINGS, INC. | 2.9 % |
| JETBLUE AIRWAYS CORP | 2.9 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 656 |
| Wgt avg mkt cap (mns) | $24,210 |
| Large cap (>$10bn) | 52.5% |
| Mid cap ($2-10bn) | 28.2% |
| Small cap (<$2bn) | 19.3% |
| Developed mkts. | 93.1% |
| Emerging mkts. | 6.9% |
Country Exposure
 |
UNITED STATES | 74.2 % |
 |
CANADA | 4.9 % |
 |
TURKEY | 2.0 % |
 |
SPAIN | 2.0 % |
 |
JAPAN | 2.0 % |
 |
CHINA | 1.8 % |
 |
BRITAIN | 1.5 % |
 |
MEXICO | 1.0 % |
 |
FRANCE | 1.0 % |
 |
SINGAPORE | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.8% | 39.7% | 12.1% | 5.3% | -5.5% | -- | 0.7% | Volatility | 25.0% | 25.5% | 25.2% | 31.2% | 40.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 56% |
| MSCI EAFE | 1.21 | 44% |
| MSCI Emg Mkts | 0.97 | 28% |
Liquidity Measures
| Avg. volume (000) | 1,619 |
| Turnover | 3.8% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $4,638 |
Technical Indicators
| Recent close | $25.14 |
| 30d moving avg. | $24.77 |
| Annualized volatility | 31.6% |
| Relative strength (RSI) | 66 |
| Short interest (ETF) | 37.0% |
| 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 |
|---|---|---|---|---|
| AIRL | Themes Airlines ETF | 44.6% | -25 bp | -0.8% |
| CRUZ | Defiance Hotel Airline and Cruise ETF | 29.6% | -15 bp | +11.0% |
| XTN | SPDR S&P Transportation ETF | 26.1% | -25 bp | +17.7% |
| IYT | iShares US Transportation ETF | 19.1% | -20 bp | +17.8% |
| FTXR | First Trust Nasdaq Transportation ETF | 14.4% | 0 bp | +22.5% |
| AWAY | ETFMG Travel Tech ETF | 11.4% | +16 bp | +10.3% |
Risk and Returns: JETS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
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.
ALTAR Score™
JETS
-15.4%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. JETS's ALTAR Score™ is approximately
4.1 standard deviations
below
the category average. This places JETS in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JETSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| JETS (60 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JETS | 60.0 | 6.0 | 66 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .