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MAX Airlines -3X Inverse Leveraged ETN (JETD)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Issuer

Max

Inception Date

Jun 20, 2023

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Prime Airlines Index - Benchmark TR Net (--300%)

Asset Class

Equity

Expense Ratio

JETD has a high expense ratio of 0.95%, indicating higher-than-average management fees.


Expense ratio chart for JETD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in MAX Airlines -3X Inverse Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-40.00%-20.00%0.00%20.00%40.00%AugustSeptemberOctoberNovemberDecember2025
-40.67%
2.98%
JETD (MAX Airlines -3X Inverse Leveraged ETN)
Benchmark (^GSPC)

Returns By Period

MAX Airlines -3X Inverse Leveraged ETN had a return of -2.66% year-to-date (YTD) and -57.55% in the last 12 months.


JETD

YTD

-2.66%

1M

-5.15%

6M

-46.91%

1Y

-57.55%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

-0.66%

1M

-3.44%

6M

3.10%

1Y

22.14%

5Y*

12.04%

10Y*

11.24%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20248.58%-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 1, meaning it’s performing worse than 99% 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.


The Risk-Adjusted Performance Rank of JETD is 11
Overall Rank
The Sharpe Ratio Rank of JETD is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of JETD is 11
Sortino Ratio Rank
The Omega Ratio Rank of JETD is 11
Omega Ratio Rank
The Calmar Ratio Rank of JETD is 11
Calmar Ratio Rank
The Martin Ratio Rank of JETD is 22
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for JETD, currently valued at -1.01, compared to the broader market0.002.004.00-1.011.74
The chart of Sortino ratio for JETD, currently valued at -1.56, compared to the broader market-2.000.002.004.006.008.0010.00-1.562.35
The chart of Omega ratio for JETD, currently valued at 0.82, compared to the broader market0.501.001.502.002.503.000.821.32
The chart of Calmar ratio for JETD, currently valued at -0.71, compared to the broader market0.005.0010.0015.00-0.712.62
The chart of Martin ratio for JETD, currently valued at -1.42, compared to the broader market0.0020.0040.0060.0080.00100.00-1.4210.82
JETD
^GSPC

The current MAX Airlines -3X Inverse Leveraged ETN Sharpe ratio is -1.01. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of MAX Airlines -3X Inverse Leveraged ETN with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00AugustSeptemberOctoberNovemberDecember2025
-1.01
1.73
JETD (MAX Airlines -3X Inverse Leveraged ETN)
Benchmark (^GSPC)

Dividends

Dividend History


MAX Airlines -3X Inverse Leveraged ETN doesn't pay dividends

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.


-80.00%-60.00%-40.00%-20.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-74.75%
-4.17%
JETD (MAX Airlines -3X Inverse Leveraged ETN)
Benchmark (^GSPC)

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 75.34%, occurring on Dec 26, 2024. The portfolio has not yet recovered.

The current MAX Airlines -3X Inverse Leveraged ETN drawdown is 74.75%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-75.34%Oct 30, 2023292Dec 26, 2024
-21.84%Jun 26, 202311Jul 11, 202327Aug 17, 202338
-6.74%Oct 4, 20236Oct 11, 20232Oct 13, 20238
-6.69%Aug 25, 20233Aug 29, 20234Sep 5, 20237
-4.11%Oct 16, 20232Oct 17, 20231Oct 18, 20233

Volatility

Volatility Chart

The current MAX Airlines -3X Inverse Leveraged ETN volatility is 12.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%AugustSeptemberOctoberNovemberDecember2025
12.41%
4.67%
JETD (MAX Airlines -3X Inverse Leveraged ETN)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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