JETS follows the U.S. Global Jets Index, which uses fundamental screens to select airline companies, with an emphasis on domestic carriers, along with global aircraft manufacturers and airport companies.

Airlines are perhaps the brightest spot within the transportation industry at the moment. Falling crude oil prices have supported airline stocks and the U.S. Global Jets ETF [Oil ETFs Plunge to All-Time Lows]

“U.S. airlines are typically much less hedged than their European counterparts. United Airlines used to hedge around 30-40 percent of its annual fuel needs but that is down at around 15 percent for the current year, Ted North, managing director corporate finance, said,” according to Reuters.

U.S. Global Jets ETF