U.S. Global Jets ETF (JETS) — Stock Correlations & Overview
Over the past year, JETS has moved most closely with JETU, UAL, DAL. Explore the stocks most correlated and inversely correlated with JETS below, along with its price, financials, and company profile.
Stocks correlated with JETS
Correlation of daily returns. Higher positive values move with JETS; negative values move opposite it. Informational only, not investment advice.
Most correlated with JETS
| Symbol | Company | Correlation |
|---|---|---|
| JETU | MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.92 |
| UAL | United Airlines Holdings, Inc. Common StockAIR TRANSPORTATION, SCHEDULED | 0.91 |
| DAL | Delta Air Lines, Inc.AIR TRANSPORTATION, SCHEDULED | 0.91 |
| AAL | American Airlines Group Inc.AIR TRANSPORTATION, SCHEDULED | 0.89 |
| AALG | Leverage Shares 2X Long AAL Daily ETF | 0.89 |
Most inversely correlated with JETS
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.92 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.86 |
| SDD | ProShares UltraShort SmallCap600 | -0.73 |
| SBB | ProShares Short SmallCap600 | -0.73 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.73 |
Frequently asked questions about JETS correlations
- Which stocks are most correlated with JETS?
- Based on one year of daily returns, the stocks most correlated with U.S. Global Jets ETF (JETS) are JETU (0.92), UAL (0.91) and DAL (0.91). 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 JETS?
- Over the past year, the stocks most inversely correlated with U.S. Global Jets ETF (JETS) are JETD (-0.92), FLYD (-0.86) and SDD (-0.73). 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 JETS correlations calculated?
- We compute the correlation of daily returns between JETS 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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