JETD vs. RSPE
JETD (MAX Airlines -3X Inverse Leveraged ETN) and RSPE (Invesco ESG S&P 500 Equal Weight ETF) are both exchange-traded funds - JETD is a Inverse Equities fund tracking the Prime Airlines Index - Benchmark TR Net (--300%), while RSPE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index. Both are passively managed. Over the past 3 years, JETD returned -55.29%/yr vs 15.88%/yr for RSPE. Their -0.75 correlation means they have often moved in opposite directions in the past. JETD charges 0.95%/yr vs 0.20%/yr for RSPE.
Performance
JETD vs. RSPE - Performance Comparison
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Returns By Period
In the year-to-date period, JETD achieves a -55.07% return, which is significantly lower than RSPE's 16.35% return.
JETD
- 1D
- -9.96%
- 1M
- 0.93%
- 6M
- -45.68%
- YTD
- -55.07%
- 1Y
- -74.99%
- 3Y*
- -55.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.52%
RSPE
- 1D
- 0.71%
- 1M
- 0.61%
- 6M
- 11.63%
- YTD
- 16.35%
- 1Y
- 27.64%
- 3Y*
- 15.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $203.79K | $315.96K | $386.43K | |
| $309.58K | $266.66K | $342.82K |
JETD vs. RSPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | -55.07% | -59.89% | -51.72% | -1.53% |
RSPE Invesco ESG S&P 500 Equal Weight ETF | 16.35% | 14.58% | 10.87% | 8.06% |
Correlation
The correlation between JETD and RSPE is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.75 |
Correlation (3Y) Balances recent behavior with more history. | -0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | -0.75 |
The correlation between JETD and RSPE has been stable across timeframes, ranging from -0.75 to -0.75 - a consistent structural relationship.
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Return for Risk
JETD vs. RSPE — Risk / Return Rank
JETD
RSPE
JETD vs. RSPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines -3X Inverse Leveraged ETN (JETD) and Invesco ESG S&P 500 Equal Weight ETF (RSPE). 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.
| JETD | RSPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.95 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.39 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 3.10 | -4.11 |
| Martin ratioReturn relative to average drawdown | -1.63 | 12.61 | -14.24 |
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Drawdowns
JETD vs. RSPE - Drawdown Comparison
The maximum JETD drawdown since its inception was -95.39%, which is greater than RSPE's maximum drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for JETD and RSPE.
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Drawdown Indicators
| JETD | RSPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.39% | -22.93% | -72.46% |
Max Drawdown (1Y)Largest decline over 1 year | -74.49% | -8.95% | -65.54% |
Max Drawdown (3Y)Largest decline over 3 years | -95.39% | -18.58% | -76.81% |
Current DrawdownCurrent decline from peak | -95.33% | -0.26% | -95.07% |
Average DrawdownAverage peak-to-trough decline | -63.02% | -5.86% | -57.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.56% | 2.20% | +45.36% |
Volatility
JETD vs. RSPE - Volatility Comparison
MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 22.02% compared to Invesco ESG S&P 500 Equal Weight ETF (RSPE) at 2.87%. This indicates that JETD's price experiences larger fluctuations and is considered to be riskier than RSPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETD | RSPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 2.87% | +19.15% |
Volatility (6M)Calculated over the trailing 6-month period | 66.00% | 9.26% | +56.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.75% | 12.62% | +63.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.50% | 16.60% | +54.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.50% | 16.60% | +54.90% |
JETD vs. RSPE - Expense Ratio Comparison
JETD has a 0.95% expense ratio, which is higher than RSPE's 0.20% expense ratio.
Dividends
JETD vs. RSPE - Dividend Comparison
JETD has not paid dividends to shareholders, while RSPE's dividend yield for the trailing twelve months is around 1.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPE Invesco ESG S&P 500 Equal Weight ETF | 1.44% | 1.63% | 1.57% | 1.91% | 1.83% | 0.29% |
Frequently Asked Questions
JETD and RSPE have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETD has higher volatility (22.02%) compared to RSPE (2.87%). In terms of maximum drawdown, JETD dropped -95.39% vs RSPE's -22.93%.
On 3-year performance, RSPE leads with 15.88% vs -55.29% for JETD. On fees, RSPE is cheaper at 0.20% per year. On volatility, RSPE has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RSPE has performed better with a 15.88% return vs -55.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPE is cheaper with a 0.20% expense ratio, compared with 0.95% for JETD.
RSPE has the higher dividend yield at 1.44%, compared with 0.00% for JETD.
JETD is categorized as Inverse Equities, while RSPE is S&P 500. JETD tracks Prime Airlines Index - Benchmark TR Net (--300%), while RSPE tracks S&P 500 Equal Weight ESG Leaders Select Index. They also come from different issuers: Max and Invesco. Their fees differ too: 0.95% for JETD and 0.20% for RSPE.
RSPE currently has the higher Sharpe Ratio (2.21 vs -0.99), 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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