JETUMAX Airlines 3X Leveraged ETN
Each ETN seeks a return on the underlying index for a single day, before taking into account fees.
Bank of Montreal · Since 2023 (2 years)
0.95%
#4471 out of 5,332 ETFs
$4M
#4934 out of 5,332 ETFs
0.00%
2 years
#3133 out of 5,332 ETFs
Performance
1 Year
+75.5%
3 Years
N/A
5 Years
N/A
What's inside
Asset allocation
Sector breakdown
Top holdings
Risk profile
70.8%
High
-68.6%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our 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=index_tracking + 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
Data updated on 2026-05-05