The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit  US Global Jets ETF to a Morningstar Medalist Rating of Negative.  The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers. The strategy changed its peer group last October, moving from the Miscellaneous Sector category to the Industrials Morningstar Category. 

 The team managing the passive strategy earns a Below Average People Pillar. The strategy gets an Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant overweight position in volatility exposure and momentum exposure compared with category peers. High volatility exposure is attributed to companies with a higher standard deviation of returns. And low momentum exposure is rooted in holding stocks that are not currently on a winning streak and instead holding those that managers believe are undervalued. The strategy's parent organization still has a way to go to reach the industry standard, evidenced by a low firmwide success ratio and a disappointing average Morningstar Rating. As a result, the firm obtains a Below Average Parent Pillar rating.

Analyst Rating

Delta Air Lines

American Airlines

Southwest Airlines

United Continental Hlds

SkyWest

Sun Country Airlines

Alaska Air Group

Expedia

Associated Capital Group

Allegiant Travel Company

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category index on a risk-adjusted basis over the long term. US Global Jets ETF earns an Average Process Pillar rating. The largest contributor to the rating is that this fund tracks an index. Historical data, like Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. Management team experience, which averages 32 years at this fund, also contributes to the process. Lastly, the process is limited by the parent firm's five-year risk-adjusted success ratio of 0%. The measure indicates the percentage of a firm's funds that survived and outperformed their respective category's median Morningstar Risk-Adjusted Return for the period. The parent's relatively low success ratio suggests that the firm could do better across its fund lineup.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to track the performance, before fees and expenses, of the U.S. Global Jets Index.  The fund uses a "passive management" (or indexing) approach to track the performance, before fees and expenses, of the index. The index is composed of the exchange-listed common stock (or depositary receipts) of U.S. and international passenger airlines, aircraft manufacturers, airports, terminal services companies, and airline-related internet media and services companies, each as determined by independent industry listings (collectively, and “Airline Companies”). The fund is non-diversified. 

 The portfolio is overweight in consumer cyclical by 7.9 percentage points in terms of assets compared with the category average, and its communication services allocation is similar to the category. The sectors with low exposure compared to category peers are technology and industrials, underweight the average by 2.9 and 2.7 percentage points of assets, respectively. The portfolio is positioned across 58 holdings and is less top-heavy than peers. Specifically, 56.0% of the strategy's assets are concentrated within the top 10 fund holdings, as opposed to the category average's 70.5%. And finally, in terms of portfolio turnover, this portfolio's holdings turn over more often than comparable products in its peer group, possibly resulting in higher costs for investors and a drag on performance.

Average

Process

U.S. Global Investors’s team earns a Below Average People Pillar rating. The team benefits from the experience of the management team, which averages 32 years at this fund. However, the rating is limited by its parent firm's subpar risk-adjusted performance, as shown by the firm's average 10-year Morningstar Rating of 2.8 stars. A lower star rating suggests that the firm has struggled to outperform on a risk-adjusted basis. The combined average five-year excess return of each manager also holds the rating back. It suggests that the funds they manage have underperformed their respective category's average return.

Below Average

People

U.S. Global Investors has a ways to go to become an industry-standard steward, resulting in a Below Average Parent Pillar rating. The firm has struggled to provide a durable product shelf, with only a 20% 10-year success ratio, meaning that only 20% have both survived and beaten their respective category median. A low success ratio not only indicates weak performance but also raises flags about a firm’s discipline around investment strategy and product development. The U.S. Global Investors roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as shown by its average overall Morningstar Rating of 2.3 stars. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.

Parent

US Global Jets ETF

JETS invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines.

JETS ETF is holding up better than the S&P 500 during the market selloff so far in 2022. Airline sector revenue will continue to rebound in 2022 and approach pre-pandemic levels by the end of the year.

Bullish On JETS: 44% Upside In 2022 Driven By Airline Earnings Growth

U.S. Global GO GOLD and Precious Metal Miners ETF

US Global Sea to Sky Cargo ETF

U.S. Global Investors has launched the U.S. Global Sea to Sky Cargo ETF (NYSE Arca: SEA). The new ETF has begun trading on the New York Stock Exchange.

New ETF Targets Shipping By Air and SEA

iShares U.S. Home Construction ETF

SPDR S&P Bank ETF

Vanguard Energy ETF

Materials Select Sector SPDR Fund

As the Federal Reserve turned more hawkish and expectations for interest rates hike rose, investors rotated out of the high-growth technology to cyclical sectors like energy, financials, materials and industrials.

Rotate to Cyclical Sectors With These Top-Ranked ETFs

An airlines sector-specific exchange traded fund managed to gain altitude on Thursday after positive quarterly earnings from airline carriers provided an optimistic view for the year ahead. The U.S. Global Jets ETF (NYSEArca: JETS) advanced 2.2% on Thursday.

Airline ETF Gains After Delta Airline's Optimistic Outlook

ALPS Global Travel Beneficiaries ETF

VanEck Vectors Gaming ETF

As the Omicron strain of the coronavirus pandemic spreads at a seemingly unrelenting pace, some investors are growing apprehensive regarding travel and leisure equities. Those concerns could eventually give way to opportunities with assets such as the ALPS Global Travel Beneficiaries ETF (NYSEARCA: JRNY).

Travel, Leisure Stocks Could Be Consumer Cyclical Value Ideas

Invesco Solar ETF

ETFs have become ridiculously popular with over 7,600 ETFs available worldwide. That is more ETFs than US-based individual stocks. Is the popularity deserved, and what are the weaknesses of ETFs?

Challenging The Popularity Of ETFs: A Case Study Of An Airline And A Solar ETF

Frontier Group Holdings

Shares of U.S. airlines, snubbed by investors concerned about the ongoing impact of the pandemic on air travel, could be set for a recovery in the first half of the year, analysts at B. of A. Securities said in a note that also highlighted three favorites in the sector.

The Ratings Game: Airline stocks set to trade higher in 2022, B. of A. says

Boeing

SEATTLE, Jan. 5, 2022 /PRNewswire/ -- Boeing [NYSE:BA] and Allegiant Air today announced an order for 50 737 MAX jets, with options for 50 additional airplanes. In Boeing's first U.S. ultra-low cost carrier (ULCC) deal, Allegiant selected two models – the 737-7 and 737-8-200 – in the 737 MAX family, which provide the lowest seat-mile costs for a single-aisle airplane and high-dispatch reliability.

Allegiant Air Orders Up to 100 737 MAX Jets

Roundhill Sports Betting & iGaming ETF

VanEck Vectors Digital Transformation ETF

iShares MSCI Emerging Markets ETF

VanEck Vectors Gold Miners ETF

iShares Global Clean Energy ETF

Renaissance IPO ETF

AdvisorShares Pure US Cannabis ETF

Penn Entertainment

Invesco S&P SmallCap Energy ETF

Invesco QQQ

SPDR S&P 500 ETF Trust

We highlight ETFs that are well-positioned to be big winners in 2022.

9 Best ETFs For 2022

The reopening trade took some lumps this year. First, it was the Delta variant of the coronavirus pandemic.

Reopening Trade Could Be Reborn in 2022

Nordstrom

Tesla

Sellers are striking straight out of the gate this week. Here are three top stock trades for you to profit from their attack.

3 Top Stock Trades for the Week of Dec. 13

A supply and demand imbalance, partially due to COVID-19 and the upcoming holiday season, may be a boon for exchange traded fund investors looking to potentially enhance their portfolios ahead. In the recent webcast, Can Investors Capitalize on Supply Chain Disruptions?

Sea and Air ETFs to Track Growing Global Trade

ETFMG Travel Tech ETF

Fidelity MSCI Consumer Discretionary ETF

Invesco Dynamic Leisure and Entertainment ETF

Pfizer

Vanguard S&P Small-Cap 600 ETF

Industrial Select Sector SPDR Fund

The improved market sentiments have been leading to greater attention and confidence in reopening trades.

ETFs to Play the Reopening Trade as Omicron Fear Subsides

Advisorshares Hotel ETF

Defiance Hotel Airline and Cruise ETF

Advisorshares Restaurant ETF

Bets that the new COVID-19 variant Omicron may cause milder illness than previously feared, renewed confidence in consumer and travel demand.

Travel ETFs Fly High as Omicron Fears Ease

SonicShares Airlines, Hotels, Cruise Lines ETF

Travel stocks and sector-related exchange traded funds surged Monday, rebounding on hopes that the new Covid-19 Omicron variant is milder than previously feared. Among the best performing non-leveraged ETFs of Monday, the U.S. Global Jets ETF (NYSEArca: JETS) advanced 5.3%, the AdvisorShares Hotel ETF (BEDZ) increased 4.0% and the SonicShares Airlines, Hotels, Cruise Lines ETF (NYSE Arca: TRYP) gained [.

Travel ETFs Jump as Traders Look Past Omicron

VanEck Vectors Steel ETF

Simplify Volt Cloud and Cybersecurity Disruption ETF

Investors jumped to flock stocks at bargain prices after the worst two-day drop in more than a year.

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SPDR Gold Trust

SPDR Bloomberg High Yield Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

iPath S&P 500 VIX Short-Term Futures ETN Class A

Direxion Work From Home ETF

Energy Select Sector SPDR Fund

Real Estate Select Sector SPDR Fund

Utilities Select Sector SPDR Fund

SPDR S&P Retail ETF

Worries over just how bad the newest COVID variant will be have sent the market on a rout.

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Deutsche Lufthansa AG

Ryanair Hlds

The Transportation Security Administration expects around 20 million people to travel during the Thanksgiving holiday season, a slight decline from record 2019 levels. U.S. airlines are scrambling to capture the full benefits of a recovery in passenger demand. The one thing they don't have to worry about is being forcibly grounded by their governments - unlike European counterparts.

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First Trust Financials AlphaDEX Fund

Global X Superdividend ETF

Vanguard Extended Market ETF

SPDR S&P Biotech ETF

Wall Street has been wavering in recent sessions due to renewed virus fears, higher inflation and rising rate worries.

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iShares Transportation Average ETF

United States Oil Fund LP

The rally in energy prices has been wavering of late due to renewed COVID fears and the largest U.S. supply build in three weeks.

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A higher number of Americans are gearing up for Thanksgiving travel by road or air this time encouraged by a wider reach of vaccinations, lifting of pandemic restrictions and increasing consumer confidence.

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Invesco Dynamic Food & Beverage ETF

According to Bespoke Investment Group, Thanksgiving week has returned modest gains for stocks dating back to 1945.

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American Tower

AerSale Corp

Crown Castle International

Canadian Solar

U.S. Global Investors

Global Ship Lease

Live Nation

SBA Communications

UpHealth

It's been a while since we provided you updates on top performers.

Marketplace 2021 Top Idea Contest - Recent Updates

WisdomTree Continuous Commodity Index Fund

Direxion Daily Travel & Vacation Bull 2X Shares

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

As it has been an important topic throughout the year, inflation is still on the minds of many. Joining the “ETF Report” with host Alexis Christoforous on Yahoo Finance, ETF Trends' CIO and director of research Dave Nadig discusses how ETF investors are coming at these rising rates, whether they are using certain funds as [.

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ProShares Bitcoin Strategy ETF

On Monday, ETF Trends CIO and Director of Research Dave Nadig was on hand for the TD Ameritrade Network to discuss what's happening with the equity market with host Tom White. As stated, looking at equity markets, they are at or near all-time highs.

News for US Global Jets ETF ETF (JETS)