What is the ISIN of MAX Airlines 3X Leveraged ETNs?

The ISIN of MAX Airlines 3X Leveraged ETNs is US0636794929.

What does leveraged daily exposure mean for MAX Airlines 3X Leveraged ETNs?

MAX Airlines 3X Leveraged ETNs aims to deliver 3 times the daily return of MAX (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect MAX Airlines 3X Leveraged ETNs?

Volatility decay (also called compounding drag) occurs because MAX Airlines 3X Leveraged ETNs rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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MAX Airlines 3X Leveraged ETNs (JETU) Price

MAX Airlines 3X Leveraged ETNs Price

— EUR

PRO

TER0.95 %

AUM4.07 M USD

IndexPrime Airlines Index - Benchmark TR Net

CurrencyUSD

Funds Launch6/20/2023

MAX Airlines 3X Leveraged ETNs Price

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Underlying

MAX

MAX3X Long Daily

MAX

MAX Airlines 3X Leveraged ETNs provides 3X daily exposure to MAX.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.