MAX Airlines -3X Inverse Leveraged ETN (JETD)
JETD is a passive ETF by Max tracking the investment results of the Prime Airlines Index - Benchmark TR Net (--300%). JETD launched on Jun 20, 2023 and has a 0.95% expense ratio.
ETF Info
Jun 20, 2023
North America (U.S.)
1x
Prime Airlines Index - Benchmark TR Net (--300%)
Expense Ratio
JETD has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
MAX Airlines -3X Inverse Leveraged ETN (JETD) returned -19.45% year-to-date (YTD) and -56.23% over the past 12 months.
JETD
-19.45%
-31.47%
-20.64%
-56.23%
N/A
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of JETD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -8.34% | 10.18% | 33.19% | -12.61% | -31.47% | -19.45% | |||||||
| 2024 | 8.58% | -15.50% | -11.67% | 10.21% | -5.20% | -0.88% | 0.46% | -1.68% | -14.45% | -12.54% | -20.99% | -1.48% | -51.72% |
| 2023 | -12.65% | 0.68% | 19.82% | 34.62% | 22.00% | -28.71% | -19.13% | -0.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JETD is 2, meaning it’s performing worse than 98% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MAX Airlines -3X Inverse Leveraged ETN (JETD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MAX Airlines -3X Inverse Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MAX Airlines -3X Inverse Leveraged ETN was 79.20%, occurring on May 19, 2025. The portfolio has not yet recovered.
The current MAX Airlines -3X Inverse Leveraged ETN drawdown is 79.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -79.2% | Oct 30, 2023 | 389 | May 19, 2025 | — | — | — |
| -21.84% | Jun 26, 2023 | 11 | Jul 11, 2023 | 27 | Aug 17, 2023 | 38 |
| -6.74% | Oct 4, 2023 | 6 | Oct 11, 2023 | 2 | Oct 13, 2023 | 8 |
| -6.69% | Aug 25, 2023 | 3 | Aug 29, 2023 | 4 | Sep 5, 2023 | 7 |
| -4.11% | Oct 16, 2023 | 2 | Oct 17, 2023 | 1 | Oct 18, 2023 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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