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JETU ETF — MAX™ Airlines 3X Leveraged ETNs
MAX™ Airlines 3X Leveraged ETNs (JETU)
Updated October 16, 2026.
JETU is an ETF. its expense ratio is 0.95%. Total return is -19.3% over the past 3.3 years, 101.0 points behind SPY at 81.7%.
This ETN provides three times leveraged exposure to U.S.-listed airline companies and related businesses, including airlines, aircraft manufacturers, aircraft leasing firms, and airport operators. The security does not distribute income to shareholders. The expense ratio is 0.95%, and the small asset base reflects its recent inception in mid-2023. The leveraged structure appeals to traders and tactical investors seeking amplified upside exposure to airline equities over shorter timeframes, though leverage magnifies losses as well as gains.
JETU holdings and sector exposure
Holdings are not available for this snapshot.
JETU performance versus SPY
Price and return data through 2026-10-16.
Total return is -19.3% over the past 3.3 years, 101.0 points behind SPY at 81.7%. Over the past year its total return — price change plus distributions reinvested — is -7.8%. Its deepest 1-year drawdown was 53.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -15.2% | — |
| 3M | -43.6% | — |
| 6M | -28.9% | — |
| YTD | -32.3% | — |
| 1Y | -7.8% | — |
| 2Y CAGR | — | -11.00% |
| 3Y CAGR | — | 10.60% |
| Since inception (3.3 years) | -19.3% | -6.30% |
JETU key facts
- Issuer
- Bank of Montreal
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/20/2023
- Expense ratio
- 0.95%
- Distribution frequency
- None
- Last close
- $20.17 (as of 2026-10-16)
- AUM
- $3,524,605
- Average volume
- 31800.0
- Beta
- 3.18
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Bank of Montreal; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
JETU risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 53.8%.
Who may consider JETU — and who may not
It is a weaker fit for investors who need monthly cash flow (JETU does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on JETU
Frequently asked questions
Does JETU pay monthly?
No. JETU does not currently distribute.
What is JETU's expense ratio?
JETU's expense ratio is 0.95%.
When does JETU pay a dividend?
JETU does not currently distribute.
How has JETU performed?
Total return is -19.3% over the past 3.3 years, 101.0 points behind SPY at 81.7%. Over the past year its total return — price change plus distributions reinvested — is -7.8%. Its deepest 1-year drawdown was 53.8%.
More securities from Bank of Montreal.
Tickers
Holdings as-of date unavailable.
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