Travel & Leisure ETFs Ready To Bloom In Spring

The United States has continued to see its vaccine rollout speed up for months, setting a one-day record of nearly 4.1 million shots on Apr 3. The average number of doses administered each day has risen to 3.08 million over the past week, leaving the United States second only to China (4.89 million), which has a population roughly four times larger in size.

Given the speedy ramp-up in vaccinations, ETFs that track travel and leisure stocks are set to surge this spring. Below we have highlighted them in detail below:

U.S. Global Jets ETF (JETS - Free Report)

This fund provides exposure to the global airline industry, including airline operators and manufacturers from all over the world, by tracking the U.S. Global Jets Index. In total, the product holds 40 securities and charges investors 60 bps in annual fees. The fund has gathered $4 billion in its asset base while seeing a solid trading volume of more than 7 million shares a day. It has a Zacks ETF Rank #3 (Hold) with a High risk outlook.

ETFMG Travel Tech ETF (AWAY - Free Report)

This is the first ETF that offers direct access to the technology-focused global travel and tourism industry. It follows the Prime Travel Technology Index, charging investors 75 bps in annual fees. The fund holds 31 stocks in its basket with travel bookings & reservations companies accounting for 48.6% of assets, followed by 20.1% in travel advice companies and 17.2% share in travel price comparison firms. AWAY has accumulated $317.3 million in its asset base and trades in an average daily volume of 458,000 shares.

SPDR S&P Transportation ETF (XTN - Free Report)

This fund targets the broad transportation sector and tracks the S&P Transportation Select Industry Index. It holds 41 stocks in its basket with 33% of the portfolio dominated by trucking and airlines. Air freight and logistics take 25.8% and 22.8% share, respectively. With AUM of $734.1 million, the fund charges 35 bps in fees per year from investors and trades in a good volume of around 91,000 shares a day. It has a Zacks ETF Rank #2 (Buy) with a High risk outlook.

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