US Global Jets ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
-3.1x P/Sales
ratio
0.7x
P/BV
ratio
2.1x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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
Category Global Equities
Fund Sponsor US Global Investors Inc
Website www.usfunds.com
Inception date Apr 30, 2015
Assets (mns) $1,193
Currency USD
Expense ratio 60 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian US Bank NA
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
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%

TOP TEN 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 %
Total 61.0 %

TOP 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 info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-47.1% -44.2% -5.0% -- -5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.55 64%
MSCI EAFE 1.68 65%
MSCI Emg. Mkts. 1.24 56%

Technical Indicators
Recent close $16.52
30d moving avg. $17.04
Annualized volatility 32.9%
Short interest (ETF) 4.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 10,160
Turnover 14.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $7,182

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the US Global Jets ETF ETF based on the alternatives' overlap in portfolio holdings with JETS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JETS Expense: 60 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JETS
Ticker Fund
Name
Overlap1
vs JETS
(%)
Expense
ratio
(bp)
Savings
vs JETS
(bp)
ALTAR
Score™
(%)
ALTAR
vs JETS
(%)
XTN SPDR S&P Transportation ETF 23.5 35 25 5.8 +1.2
FTXR First Trust Nasdaq Transportation ETF 12.2 60 0 6.6 +2.0
IYT iShares Transportation Average ETF 10.4 42 18 5.4 +0.8
RGI Invesco S&P 500 Equal Weight Industrials ETF 8.8 40 20 5.8 +1.2
ITA iShares U.S. Aerospace & Defense ETF 6.1 42 18 6.6 +2.0
XAR SPDR S&P Aerospace & Defense ETF 6.1 35 25 5.6 +1.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 6.1 64 -4 7.9 +3.3
GII SPDR S&P Global Infrastructure ETF 5.8 40 20 5.4 +0.9
IGF iShares Global Infrastructure ETF 5.8 46 14 5.4 +0.8
SLT Salt TruBeta High Exposure ETF 5.6 29 31 9.6 +5.0
ACSI American Customer Satisfaction Core Alpha ETF 5.5 66 -6 5.8 +1.3
GURU Global X Guru Index ETF 5.3 75 -15 3.9 -0.7
PPA Invesco Aerospace & Defense ETF 5.2 59 1 6.1 +1.5
JHMI John Hancock Multifactor Industrials ETF 5.0 40 20 6.1 +1.6
DVP Deep Value ETF 4.8 59 1 12.3 +7.7
QVAL Alpha Architect U.S. Quantitative Value ETF 4.7 49 11 12.6 +8.1
XLI Industrial Select Sector SPDR Fund 4.7 13 47 5.9 +1.4
VIS Vanguard Industrials Index Fund 4.0 10 50 6.0 +1.4
SPYB SPDR S&P 500 Buyback ETF 4.0 0 60 0.0 -4.6
EMIF iShares Emerging Markets Infrastructure ETF 3.9 60 0 8.5 +4.0
FTA First Trust Large Cap Value AlphaDEX Fund 3.6 60 0 9.4 +4.8
PMOM Principal Sustainable Momentum Index ETF 3.4 29 31 9.2 +4.6
RYJ Invesco Raymond James SB-1 Equity ETF 3.4 82 -22 3.5 -1.0
SPHB Invesco S&P 500 High Beta ETF 3.2 25 35 9.6 +5.1
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 3.2 49 11 9.4 +4.9
SYLD Cambria Shareholder Yield ETF 3.2 59 1 9.1 +4.5
BVAL Brand Value ETF 3.2 65 -5 6.2 +1.7
PSCI Invesco S&P SmallCap Industrials ETF 3.2 29 31 6.7 +2.1
XKFF SPDR Kensho Final Frontiers ETF 3.1 45 15 6.4 +1.8
EXI iShares Global Industrials ETF 3.1 46 14 6.2 +1.7
ONEY SPDR Russell 1000 Yield Focus ETF 3.1 20 40 9.4 +4.9
JKI iShares Morningstar Mid-Cap Value ETF 3.0 30 30 9.3 +4.8
FEP First Trust Europe AlphaDEX Fund 3.0 80 -20 7.9 +3.3
SPGP Invesco S&P 500 GARP ETF 3.0 35 25 7.3 +2.7
FITE SPDR Kensho Future Security ETF 2.9 45 15 4.1 -0.5
PVAL Principal Contrarian Value Index ETF 2.9 29 31 10.2 +5.7
FOVL iShares Focused Value Factor ETF 2.8 25 35 10.6 +6.0
RPV Invesco S&P 500 Pure Value ETF 2.8 35 25 11.4 +6.8
FAB First Trust Multi Cap Value AlphaDEX Fund 2.6 71 -11 9.7 +5.2
MOAT VanEck Vectors Morningstar Wide Moat ETF 2.6 49 11 6.4 +1.9
CHII Global X China Industrials ETF 2.5 66 -6 12.7 +8.1
SPVU Invesco S&P 500 Enhanced Value ETF 2.5 13 47 11.6 +7.0
PLCY EventShares U.S. Legislative Opportunities ETF 2.4 75 -15 3.7 -0.8
FDT First Trust Developed Markets ex-US Alphadex Fund 2.4 80 -20 7.7 +3.2
FKU First Trust United Kingdom AlphaDEX Fund 2.3 80 -20 9.4 +4.9
VETS Pacer Military Times Best Employers ETF 2.3 60 0 7.0 +2.4
FIDU Fidelity MSCI Industrials Index ETF 2.2 8 52 6.0 +1.5
XKST SPDR Kensho Smart Mobility ETF 2.2 45 15 5.5 +0.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.2 46 14 5.4 +0.8
FNK First Trust Mid Cap Value AlphaDEX Fund 2.1 70 -10 10.4 +5.9
TUR iShares MSCI Turkey ETF 2.1 59 1 17.1 +12.6
IYC iShares U.S. Consumer Services ETF 2.0 42 18 4.1 -0.4
RDVY First Trust Rising Dividend Achievers ETF 2.0 50 10 8.1 +3.5
VIDI Vident International Equity Fund 2.0 59 1 11.7 +7.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 2.0 29 31 8.3 +3.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.9 63 -3 7.1 +2.6
PID Invesco International Dividend Achievers ETF 1.9 54 6 9.8 +5.3
AUSF Global X Adaptive U.S. Factor ETF 1.9 27 33 8.1 +3.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.9 60 0 8.6 +4.1
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.9 80 -20 18.7 +14.2
FCAN First Trust Canada AlphaDex Fund 1.8 80 -20 4.9 +0.3
PKW Invesco Buyback Achievers ETF 1.8 62 -2 6.9 +2.4
CALF Pacer US Small Cap Cash Cows 100 ETF 1.8 59 1 13.4 +8.9
WWJD Inspire International ESG ETF 1.8 80 -20 7.7 +3.1
VALQ American Century STOXX U.S. Quality Value ETF 1.8 29 31 9.2 +4.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.8 29 31 10.0 +5.4
FEX First Trust Large Cap Core AlphaDEX Fund 1.8 60 0 6.1 +1.5
SMEZ SPDR EURO STOXX Small Cap ETF 1.8 45 15 6.4 +1.9
CLRG IQ Chaikin U.S. Large Cap ETF 1.7 25 35 6.1 +1.6
TUSA First Trust Total US Market AlphaDEX ETF 1.7 70 -10 6.1 +1.5
FIVA Fidelity International Value Factor ETF 1.7 39 21 10.2 +5.6
INFR Legg Mason Global Infrastructure ETF 1.7 40 20 6.2 +1.6
FVAL Fidelity Value Factor ETF 1.6 29 31 8.1 +3.6
GLIF AGFiQ Global Infrastructure ETF 1.6 45 15 5.3 +0.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.6 70 -10 13.7 +9.2
JVAL JPMorgan U.S. Value Factor ETF 1.6 12 48 8.9 +4.3
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 25 6.2 +1.7
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 1.5 75 -15 5.9 +1.3
RWL Invesco S&P 500 Revenue ETF 1.5 39 21 7.3 +2.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.5 20 40 7.1 +2.6
QSY WisdomTree U.S. LargeCap Value Fund 1.5 38 22 7.0 +2.4
AVUV Avantis U.S. Small Cap Value ETF 1.5 25 35 9.5 +5.0
RNDV US Equity Dividend Select ETF 1.4 50 10 7.7 +3.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 31 8.8 +4.3
JKL iShares Morningstar Small Cap Value ETF 1.4 30 30 10.6 +6.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -19 9.6 +5.1
MAGA Point Bridge GOP Stock Tracker ETF 1.3 72 -12 6.6 +2.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.3 65 -5 3.4 -1.2
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 1.3 30 30 7.5 +2.9
RSP Invesco S&P 500 Equal Weight ETF 1.3 20 40 6.8 +2.3
TPHD Timothy Plan High Dividend Stock ETF 1.3 52 8 7.8 +3.2
KLDW Gavekal Knowledge Leaders Developed World ETF 1.3 75 -15 5.4 +0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 13 13.0 +8.5
IYJ iShares U.S. Industrials ETF 1.2 42 18 6.0 +1.4
PY Principal Shareholder Yield Index ETF 1.2 29 31 9.6 +5.1
VFVA Vanguard U.S. Value Factor ETF 1.2 14 46 11.7 +7.2
RNLC Large Cap US Equity Select ETF 1.2 60 0 6.3 +1.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.2 25 35 6.0 +1.5
SPDV AAM S&P 500 High Dividend Value ETF 1.2 29 31 11.0 +6.5
LVUS Hartford Multifactor Low Volatility US Equity ETF 1.2 19 41 6.1 +1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
US Global Jets ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.