JETDMAX Airlines -3X Inverse Leveraged ETN
Seeks daily returns that correspond to -3X the performance of the Prime Airlines Index.
By Bank of Montreal · Launched 2023
Annual Cost
0.95%
#5,033 of 6,040 · expensive
Fund Size
$5M
#5,346 of 6,040 · small
Return (1Y)
-53.9%
Track Record
3 years
#2,975 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$4,619-53.8%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
IndustrialsIndex tracked
Prime Airlines Index
Holdings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
RTX CorpRTX
9.1%
Honeywell International IncHON
9.1%
American Airlines Group IncAAL
8.9%
GE AerospaceGE
8.9%
Boeing CoBA
8.9%
Howmet Aerospace IncHWM
8.4%
FedEx CorpFDX
7.6%
United Parcel Service Inc Class BUPS
7.2%
Honeywell Aerospace IncHONA
7.1%
Delta Air Lines IncDAL
7.0%
Asset allocation
Stocks
100.0%
By sector
Industrials
100.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
76.3%High
Year-on-year price swings
Max drawdown
-95.6%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-0.69Below average
Sortino (3Y)
-0.91Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily returns that correspond to -3X the performance of the Prime Airlines Index.
- Strategy
- Invests in a -3X inverse leveraged strategy linked to the Prime Airlines Index, which includes U.S.-listed airline-related companies. Designed for daily trading and not suitable for long-term holding.
- Inception date
- June 20, 2023
- Fund family
- Bank of Montreal
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18