Which stocks are most correlated with JETD?

Based on one year of daily returns, the stocks most correlated with MAX Airlines -3x Inverse Leveraged ETN (JETD) are FLYD (0.79), SIJ (0.77) and DXD (0.76). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with JETD?

Over the past year, the stocks most inversely correlated with MAX Airlines -3x Inverse Leveraged ETN (JETD) are JETU (-0.99), JETS (-0.92) and UAL (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

MAX Airlines -3x Inverse Leveraged ETN (JETD) — Stock Correlations & Overview

Over the past year, JETD has moved most closely with FLYD, SIJ, DXD. Explore the stocks most correlated and inversely correlated with JETD below, along with its price, financials, and company profile.

Stocks correlated with JETD

Correlation of daily returns. Higher positive values move with JETD; negative values move opposite it. Informational only, not investment advice.

Most correlated with JETD

Symbol	Company	Correlation
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	0.79
SIJ	ProShares UltraShort Industrials	0.77
DXD	ProShares UltraShort Dow 30	0.76
SDOW	ProShares UltraPro Short Dow 30	0.76
SMDD	ProShares UltraPro Short MidCap400	0.75

Most inversely correlated with JETD

Symbol	Company	Correlation
JETU	MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC	-0.99
JETS	U.S. Global Jets ETF	-0.92
UAL	United Airlines Holdings, Inc. Common StockAIR TRANSPORTATION, SCHEDULED	-0.86
DAL	Delta Air Lines, Inc.AIR TRANSPORTATION, SCHEDULED	-0.83
ALK	Alaska Air Group, Inc.AIR TRANSPORTATION, SCHEDULED	-0.83

Frequently asked questions about JETD correlations

Which stocks are most correlated with JETD?: Based on one year of daily returns, the stocks most correlated with MAX Airlines -3x Inverse Leveraged ETN (JETD) are FLYD (0.79), SIJ (0.77) and DXD (0.76). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with JETD?: Over the past year, the stocks most inversely correlated with MAX Airlines -3x Inverse Leveraged ETN (JETD) are JETU (-0.99), JETS (-0.92) and UAL (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these JETD correlations calculated?: We compute the correlation of daily returns between JETD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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