JETD vs. UXI
JETD (MAX Airlines -3X Inverse Leveraged ETN) and UXI (ProShares Ultra Industrials) are both exchange-traded funds - JETD is a Inverse Equities fund tracking the Prime Airlines Index - Benchmark TR Net (--300%), while UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%). Both are passively managed. Over the past 3 years, JETD returned -52.61%/yr vs 29.57%/yr for UXI. Their -0.75 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
JETD vs. UXI - 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 UXI's 28.57% 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%
UXI
- 1D
- 1.77%
- 1M
- -4.74%
- 6M
- 14.00%
- YTD
- 28.57%
- 1Y
- 35.83%
- 3Y*
- 29.57%
- 5Y*
- 12.67%
- 10Y*
- 19.45%
- ALL TIME*
- 13.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $218.49K | $331.18K | $402.63K | |
| $192.00K | $302.67K | $285.62K |
JETD vs. UXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | -50.10% | -59.89% | -51.72% | -1.53% |
UXI ProShares Ultra Industrials | 28.57% | 28.84% | 26.48% | 16.05% |
Correlation
The correlation between JETD and UXI is -0.72, 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. | -0.72 |
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 UXI has been stable across timeframes, ranging from -0.75 to -0.72 - a consistent structural relationship.
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Return for Risk
JETD vs. UXI — Risk / Return Rank
JETD
UXI
JETD vs. UXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines -3X Inverse Leveraged ETN (JETD) and ProShares Ultra Industrials (UXI). 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 | UXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.17 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 1.36 | -2.30 |
| Martin ratioReturn relative to average drawdown | -1.49 | 4.85 | -6.34 |
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Drawdowns
JETD vs. UXI - Drawdown Comparison
The maximum JETD drawdown since its inception was -95.39%, which is greater than UXI's maximum drawdown of -89.01%. Use the drawdown chart below to compare losses from any high point for JETD and UXI.
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Drawdown Indicators
| JETD | UXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.39% | -89.01% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -75.34% | -23.59% | -51.75% |
Max Drawdown (3Y)Largest decline over 3 years | -95.39% | -36.42% | -58.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.48% | — |
Current DrawdownCurrent decline from peak | -94.81% | -6.42% | -88.39% |
Average DrawdownAverage peak-to-trough decline | -62.98% | -22.46% | -40.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.33% | 6.62% | +40.71% |
Volatility
JETD vs. UXI - Volatility Comparison
MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 19.60% compared to ProShares Ultra Industrials (UXI) at 9.93%. This indicates that JETD's price experiences larger fluctuations and is considered to be riskier than UXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETD | UXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.60% | 9.93% | +9.67% |
Volatility (6M)Calculated over the trailing 6-month period | 65.26% | 27.91% | +37.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.40% | 33.76% | +41.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.33% | 36.24% | +35.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.33% | 39.50% | +31.83% |
JETD vs. UXI - Expense Ratio Comparison
Both JETD and UXI have an expense ratio of 0.95%.
Dividends
JETD vs. UXI - Dividend Comparison
JETD has not paid dividends to shareholders, while UXI's dividend yield for the trailing twelve months is around 0.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UXI ProShares Ultra Industrials | 0.51% | 0.90% | 0.18% | 0.21% | 0.24% | 0.03% | 0.29% | 0.58% | 0.37% | 0.24% | 0.38% | 0.41% |
Frequently Asked Questions
JETD and UXI have a correlation of -0.72, 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 UXI (9.93%). In terms of maximum drawdown, JETD dropped -95.39% vs UXI's -89.01%.
On 3-year performance, UXI leads with 29.57% vs -52.61% for JETD. Both ETFs have the same 0.95% expense ratio. On volatility, UXI has been the lower-risk option at 9.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UXI has performed better with a 29.57% return vs -52.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JETD and UXI have the same expense ratio: 0.95% per year.
UXI has the higher dividend yield at 0.51%, compared with 0.00% for JETD.
JETD is categorized as Inverse Equities, while UXI is Leveraged Equities. JETD tracks Prime Airlines Index - Benchmark TR Net (--300%), while UXI tracks Dow Jones U.S. Industrials Index (200%). They also come from different issuers: Max and ProShares.
UXI currently has the higher Sharpe Ratio (0.95 vs -0.94), 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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