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ARKX holds 60% industrials with space-tech leaders like SpaceX, while JETS concentrates on airlines.
Labor Day travel is heating up despite higher gas prices. Here are three ETFs positioned to benefit from strong holiday travel demand.
ITA's lower 0.37% expense ratio and $14.2B in assets dwarf JETS, while its 22.9% one-year return and 0.74 beta signal stronger performance with less volatility.
"You want to stay cyclical rather than defensive at this point," says Calamos Investments' Michael Grant.
State Street's aerospace fund turned $1,000 into $2,346 over five years, while the airline-focused competitor lagged with a steeper drawdown.
PPA delivered $2,411 on a $1,000 five-year investment versus JETS' $1,293, with significantly lower volatility and a 0.74 beta.
Detailed price information for Russell 2000 Ishares ETF (IWM-A) from The Globe and Mail including charting and trades.
State Street's defense-targeted fund delivered $2,190 on a $1,000 five-year investment versus $1,415 for the airline-heavy competitor.
The U.S. Global Jets ETF is down 4% Wednesday, extending a two-day decline after challenging all-time highs last week.
AAL stock falls 2% today, but analysts remain bullish with targets up to $25. Read our American Airlines technical and earnings preview.
Defense spending is surging while airline profits are under pressure. The choice between these two funds comes down to which story you believe in more.
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