FTXR vs. JETD
FTXR (First Trust Nasdaq Transportation ETF) and JETD (MAX Airlines -3X Inverse Leveraged ETN) are both exchange-traded funds - FTXR is a Industrials Equities fund tracking the Nasdaq U.S. Smart Transportation Index, while JETD is a Inverse Equities fund tracking the Prime Airlines Index - Benchmark TR Net (--300%). Both are passively managed. Over the past 3 years, FTXR returned 17.82%/yr vs -53.87%/yr for JETD. At a correlation of -0.82, they often move in opposite directions. FTXR charges 0.60%/yr vs 0.95%/yr for JETD.
Performance
FTXR vs. JETD - Performance Comparison
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Returns By Period
In the year-to-date period, FTXR achieves a 14.22% return, which is significantly higher than JETD's -47.62% return.
FTXR
- 1D
- -1.25%
- 1M
- 3.59%
- YTD
- 14.22%
- 6M
- 11.94%
- 1Y
- 42.37%
- 3Y*
- 17.82%
- 5Y*
- 7.06%
- 10Y*
- —
JETD
- 1D
- 1.20%
- 1M
- -29.13%
- YTD
- -47.62%
- 6M
- -45.65%
- 1Y
- -73.95%
- 3Y*
- -53.87%
- 5Y*
- —
- 10Y*
- —
FTXR vs. JETD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTXR First Trust Nasdaq Transportation ETF | 14.22% | 14.70% | 17.09% | 5.39% |
JETD MAX Airlines -3X Inverse Leveraged ETN | -47.62% | -59.89% | -51.72% | -1.53% |
Correlation
The correlation between FTXR and JETD is -0.84, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | -0.82 |
The correlation between FTXR and JETD has been stable across timeframes, ranging from -0.84 to -0.82 - a consistent structural relationship.
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Return for Risk
FTXR vs. JETD — Risk / Return Rank
FTXR
JETD
FTXR vs. JETD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Transportation ETF (FTXR) and MAX Airlines -3X Inverse Leveraged ETN (JETD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTXR | JETD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.79 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.99 | +3.93 |
| Martin ratioReturn relative to average drawdown | 9.95 | -1.57 | +11.51 |
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Drawdowns
FTXR vs. JETD - Drawdown Comparison
The maximum FTXR drawdown since its inception was -52.06%, smaller than the maximum JETD drawdown of -94.62%. Use the drawdown chart below to compare losses from any high point for FTXR and JETD.
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Drawdown Indicators
| FTXR | JETD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.06% | -94.62% | +42.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -74.71% | +60.22% |
Max Drawdown (3Y)Largest decline over 3 years | -29.71% | -94.62% | +64.91% |
Max Drawdown (5Y)Largest decline over 5 years | -33.96% | — | — |
Current DrawdownCurrent decline from peak | -2.79% | -94.55% | +91.76% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -61.84% | +50.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 47.15% | -42.88% |
Volatility
FTXR vs. JETD - Volatility Comparison
The current volatility for First Trust Nasdaq Transportation ETF (FTXR) is 7.52%, while MAX Airlines -3X Inverse Leveraged ETN (JETD) has a volatility of 31.95%. This indicates that FTXR experiences smaller price fluctuations and is considered to be less risky than JETD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTXR | JETD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 31.95% | -24.43% |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | 64.21% | -47.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 75.66% | -53.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.98% | 71.52% | -47.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.76% | 71.52% | -46.76% |
FTXR vs. JETD - Expense Ratio Comparison
FTXR has a 0.60% expense ratio, which is lower than JETD's 0.95% expense ratio.
Dividends
FTXR vs. JETD - Dividend Comparison
FTXR's dividend yield for the trailing twelve months is around 1.14%, while JETD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXR First Trust Nasdaq Transportation ETF | 1.14% | 1.52% | 2.13% | 1.50% | 2.38% | 0.67% | 0.33% | 1.34% | 1.74% | 1.18% | 0.24% |
JETD MAX Airlines -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTXR and JETD have a correlation of -0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETD has higher volatility (31.95%) compared to FTXR (7.52%). In terms of maximum drawdown, FTXR dropped -52.06% vs JETD's -94.62%.
On 3-year performance, FTXR leads with 17.82% vs -53.87% for JETD. On fees, FTXR is cheaper at 0.60% per year. On volatility, FTXR has been the lower-risk option at 7.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FTXR has performed better with a 17.82% return vs -53.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXR is cheaper with a 0.60% expense ratio, compared with 0.95% for JETD.
FTXR has the higher dividend yield at 1.14%, compared with 0.00% for JETD.
FTXR is categorized as Industrials Equities, while JETD is Inverse Equities. FTXR tracks Nasdaq U.S. Smart Transportation Index, while JETD tracks Prime Airlines Index - Benchmark TR Net (--300%). They also come from different issuers: First Trust and Max. Their fees differ too: 0.60% for FTXR and 0.95% for JETD.
FTXR currently has the higher Sharpe Ratio (1.94 vs -0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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