JETD vs. SKRE
JETD (MAX Airlines -3X Inverse Leveraged ETN) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both Inverse Equities funds - JETD tracks the Prime Airlines Index - Benchmark TR Net (--300%) while SKRE tracks the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, JETD returned -72.22% vs -49.41% for SKRE. Their 0.60 correlation means they have sometimes moved together and sometimes differently. JETD charges 0.95%/yr vs 0.75%/yr for SKRE.
Performance
JETD vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, JETD achieves a -50.10% return, which is significantly lower than SKRE's -33.64% return.
JETD
- 1D
- 1.69%
- 1M
- 12.09%
- 6M
- -43.88%
- YTD
- -50.10%
- 1Y
- -72.22%
- 3Y*
- -52.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -53.06%
SKRE
- 1D
- -0.47%
- 1M
- -3.55%
- 6M
- -24.32%
- YTD
- -33.64%
- 1Y
- -49.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $218.49K | $331.18K | $402.63K | |
| $138.55K | $152.58K | $246.42K |
JETD vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | -50.10% | -59.89% | -56.02% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -33.64% | -31.29% | -44.47% |
Correlation
The correlation between JETD and SKRE is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | 0.60 |
The correlation between JETD and SKRE has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
JETD vs. SKRE — Risk / Return Rank
JETD
SKRE
JETD vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines -3X Inverse Leveraged ETN (JETD) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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 | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.82 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.92 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.55 | +0.06 |
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Drawdowns
JETD vs. SKRE - Drawdown Comparison
The maximum JETD drawdown since its inception was -95.39%, which is greater than SKRE's maximum drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for JETD and SKRE.
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Drawdown Indicators
| JETD | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.39% | -79.33% | -16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -75.34% | -51.44% | -23.90% |
Max Drawdown (3Y)Largest decline over 3 years | -95.39% | — | — |
Current DrawdownCurrent decline from peak | -94.81% | -78.48% | -16.33% |
Average DrawdownAverage peak-to-trough decline | -62.98% | -49.04% | -13.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.33% | 30.59% | +16.74% |
Volatility
JETD vs. SKRE - Volatility Comparison
MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 19.60% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 11.05%. This indicates that JETD's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETD | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.60% | 11.05% | +8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 65.26% | 30.36% | +34.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.40% | 46.00% | +29.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.33% | 54.78% | +16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.33% | 54.78% | +16.55% |
JETD vs. SKRE - Expense Ratio Comparison
JETD has a 0.95% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
JETD vs. SKRE - Dividend Comparison
JETD has not paid dividends to shareholders, while SKRE's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% |
Frequently Asked Questions
JETD and SKRE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETD has higher volatility (19.60%) compared to SKRE (11.05%). In terms of maximum drawdown, JETD dropped -95.39% vs SKRE's -79.33%.
On 1-year performance, SKRE leads with -49.41% vs -72.22% for JETD. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 11.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SKRE has performed better with a -49.41% return vs -72.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.95% for JETD.
SKRE has the higher dividend yield at 0.39%, compared with 0.00% for JETD.
JETD tracks Prime Airlines Index - Benchmark TR Net (--300%), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: Max and Tuttle. Their fees differ too: 0.95% for JETD and 0.75% for SKRE.
JETD currently has the higher Sharpe Ratio (-0.94 vs -1.04), 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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