JETUMAX Airlines 3X Leveraged ETN
Each ETN seeks a return on the underlying index for a single day, before taking into account fees.
By Bank of Montreal · Launched 2023
0.95%
#4,684 of 5,562 · expensive
$5M
#5,025 of 5,562 · small
+100.5%
3 years
#3,039 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Sector
IndustrialsIndex tracked
Prime Airlines Index
What it actually holds
By weightConcentration
Top 10 holdings = 86.1% of fundconcentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Each ETN seeks a return on the underlying index for a single day, before taking into account fees.
- Strategy
- The ETN is linked to the Prime Airlines Index, which includes U.S.-listed airline-related companies. It seeks to provide a return based on the index's performance on a daily compounded basis.
- Inception date
- June 20, 2023
- Fund family
- Bank of Montreal
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed JETU. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19