AIRA.L vs. JETS

Last updated Apr 2, 2026

Compare and contrast key facts about Air Astana Joint Stock Company (AIRA.L) and U.S. Global Jets ETF (JETS).

JETS is a passively managed fund by US Global that tracks the performance of the U.S. Global Jets Index. It was launched on Apr 28, 2015.

Performance

AIRA.L vs. JETS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Air Astana Joint Stock Company (AIRA.L) and U.S. Global Jets ETF (JETS). The values are adjusted to include any dividend payments, if applicable.

AIRA.L vs. JETS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIRA.L Air Astana Joint Stock Company	-14.78%	12.93%	-32.11%
JETS U.S. Global Jets ETF	-9.98%	11.64%	28.68%

Returns By Period

In the year-to-date period, AIRA.L achieves a -14.78% return, which is significantly lower than JETS's -9.98% return.

AIRA.L

• 1D: 2.80%
• 1M: -10.91%
• YTD: -14.78%
• 6M: -6.37%
• 1Y: -2.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JETS

• 1D: 2.60%
• 1M: -8.77%
• YTD: -9.98%
• 6M: 3.86%
• 1Y: 24.64%
• 3Y*: 11.00%
• 5Y*: -1.06%
• 10Y*: 0.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AIRA.L vs. JETS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIRA.L

AIRA.L Risk / Return Rank: 34
AIRA.L Sharpe Ratio Rank: 36
AIRA.L Sortino Ratio Rank: 31
AIRA.L Omega Ratio Rank: 31
AIRA.L Calmar Ratio Rank: 37
AIRA.L Martin Ratio Rank: 35

JETS

JETS Risk / Return Rank: 36
JETS Sharpe Ratio Rank: 33
JETS Sortino Ratio Rank: 42
JETS Omega Ratio Rank: 35
JETS Calmar Ratio Rank: 35
JETS Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIRA.L vs. JETS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Air Astana Joint Stock Company (AIRA.L) and U.S. Global Jets ETF (JETS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIRA.L	JETS	Difference
Sharpe ratio Return per unit of total volatility	-0.07	0.66	-0.72
Sortino ratio Return per unit of downside risk	0.13	1.22	-1.10
Omega ratio Gain probability vs. loss probability	1.02	1.15	-0.14
Calmar ratio Return relative to maximum drawdown	-0.08	0.94	-1.02
Martin ratio Return relative to average drawdown	-0.25	3.01	-3.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIRA.L vs. JETS - Sharpe Ratio Comparison

The current AIRA.L Sharpe Ratio is -0.07, which is lower than the JETS Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of AIRA.L and JETS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AIRA.L	JETS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	0.66	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	0.03	-0.64

Correlation

The correlation between AIRA.L and JETS is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AIRA.L vs. JETS - Dividend Comparison

AIRA.L has not paid dividends to shareholders, while JETS's dividend yield for the trailing twelve months is around 0.92%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRA.L Air Astana Joint Stock Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JETS U.S. Global Jets ETF	0.92%	0.83%	0.00%	0.00%	0.00%	0.67%	0.04%	1.24%	0.09%	1.57%	0.58%	0.17%

Drawdowns

AIRA.L vs. JETS - Drawdown Comparison

The maximum AIRA.L drawdown since its inception was -48.82%, smaller than the maximum JETS drawdown of -64.92%. Use the drawdown chart below to compare losses from any high point for AIRA.L and JETS.

Drawdown Indicators

	AIRA.L	JETS	Difference
Max Drawdown Largest peak-to-trough decline	-48.82%	-64.92%	+16.10%
Max Drawdown (1Y) Largest decline over 1 year	-26.27%	-24.13%	-2.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.92%	—
Current Drawdown Current decline from peak	-42.35%	-25.00%	-17.35%
Average Drawdown Average peak-to-trough decline	-34.54%	-25.25%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.86%	7.52%	+0.34%

Volatility

AIRA.L vs. JETS - Volatility Comparison

Air Astana Joint Stock Company (AIRA.L) has a higher volatility of 14.51% compared to U.S. Global Jets ETF (JETS) at 11.45%. This indicates that AIRA.L's price experiences larger fluctuations and is considered to be riskier than JETS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIRA.L	JETS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.51%	11.45%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	23.21%	22.28%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	30.59%	37.80%	-7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.40%	31.82%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.40%	33.88%	-4.48%