US Global Jets
ALTAR
Score™
16.5% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
9.2x P/Sales
ratio
0.6x
P/BV
ratio
2.0x Div.
yield
1.6%


  • 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) $53
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 34
Wgt avg mkt cap (mns) $20,788
Large cap (>$10bn) 53.3%
Mid cap ($2-10bn) 32.8%
Small cap (<$2bn) 13.9%
Developed mkts 94.7%
Emerging mkts 5.3%

TOP TEN HOLDINGS
SOUTHWEST AIRLINES CO 12.1 %
UNITED CONTINENTAL HOLDINGS 11.8 %
AMERICAN AIRLINES GROUP INC 11.0 %
DELTA AIR LINES INC 10.8 %
JETBLUE AIRWAYS CORP 4.3 %
ALLEGIANT TRAVEL CO 4.2 %
ALASKA AIR GROUP INC 4.1 %
SKYWEST INC 3.9 %
SPIRIT AIRLINES INC 3.7 %
HAWAIIAN HOLDINGS INC 3.1 %
Total 69.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.7 %
BRITAIN 5.3 %
MEXICO 2.2 %
TURKEY 2.1 %
FRANCE 2.0 %
SWEDEN 1.3 %
IRELAND 1.3 %
GERMANY 1.1 %
CANADA 1.1 %
AUSTRALIA 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.2% 5.8% -- -- 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.41 60%
MSCI EAFE 1.09 30%
MSCI Emg. Mkts. 0.73 22%

Technical Indicators
Recent close $31.97
30d moving avg. $30.88
Annualized volatility 22.1%
Short interest (ETF) 1.6%
Relative strength (RSI) 83

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.9%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $2,551

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the US Global Jets 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™: 16.5%


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
(%)
FTXR First Trust Nasdaq Transportation 26.8 60 0 10.2 -6.2
XTN SPDR S&P Transportation 26.6 35 25 8.3 -8.2
PEJ Invesco Dynamic Leisure & Entertainment 20.0 63 -3 6.2 -10.3
XLTY Cushing Transportation & MLP 18.2 65 -5 7.8 -8.7
IYT iShares Transportation Average 18.2 42 18 8.7 -7.8
JHMI John Hancock Multifactor Industrials 8.5 40 20 6.6 -9.9
RGI Invesco S&P Equal Weight Industrials 8.3 40 20 6.6 -9.9
FXR First Trust Industrials/Producer Durables 7.6 62 -2 6.9 -9.5
XLI Industrials Select Sector SPDR 6.9 13 47 6.1 -10.3
VIS Vanguard Industrials 6.6 10 50 6.3 -10.2
BVAL Brand Value ETF 6.3 65 -5 7.3 -9.2
BOUT Innovator IBD Breakout Opportunities 6.0 80 -20 4.7 -11.8
EXI iShares Global Industrials 5.8 46 14 6.1 -10.4
QGRO American Century STOXX U.S. Quality Growth 5.7 29 31 4.7 -11.7
ACSI American Customer Satisfaction Core Alpha 5.6 66 -6 7.8 -8.7
PSCI Invesco S&P Small Cap Industrials 5.2 29 31 6.7 -9.8
FLAG Forensic Accounting 5.1 152 -92 8.8 -7.7
FOVL iShares Focused Value Factor 5.0 25 35 9.1 -7.4
QVAL ValueShares US Quantitative Value 4.5 49 11 10.8 -5.7

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 28.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 16.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.54
 
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.