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 -54.06%/yr vs 36.72%/yr for UXI. At a correlation of -0.76, they often move in opposite directions. 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 -48.24% return, which is significantly lower than UXI's 32.50% return.
JETD
- 1D
- -1.50%
- 1M
- -29.97%
- YTD
- -48.24%
- 6M
- -44.81%
- 1Y
- -75.71%
- 3Y*
- -54.06%
- 5Y*
- —
- 10Y*
- —
UXI
- 1D
- 1.10%
- 1M
- 11.77%
- YTD
- 32.50%
- 6M
- 29.22%
- 1Y
- 54.48%
- 3Y*
- 36.72%
- 5Y*
- 14.41%
- 10Y*
- 20.92%
JETD vs. UXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | -48.24% | -59.89% | -51.72% | -1.53% |
UXI ProShares Ultra Industrials | 32.50% | 28.84% | 26.48% | 16.05% |
Correlation
The correlation between JETD and UXI is -0.76, 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 | -0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | -0.76 |
The correlation between JETD and UXI has been stable across timeframes, ranging from -0.76 to -0.76 - 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 | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.18 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.28 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 2.32 | -3.34 |
| Martin ratioReturn relative to average drawdown | -1.61 | 8.19 | -9.80 |
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Drawdowns
JETD vs. UXI - Drawdown Comparison
The maximum JETD drawdown since its inception was -94.62%, 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 | -94.62% | -89.01% | -5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -74.71% | -23.59% | -51.12% |
Max Drawdown (3Y)Largest decline over 3 years | -94.62% | -36.42% | -58.20% |
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 | -94.62% | 0.00% | -94.62% |
Average DrawdownAverage peak-to-trough decline | -61.79% | -22.56% | -39.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.75% | 6.67% | +42.08% |
Volatility
JETD vs. UXI - Volatility Comparison
MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 31.89% compared to ProShares Ultra Industrials (UXI) at 11.54%. 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 | 31.89% | 11.54% | +20.35% |
Volatility (6M)Calculated over the trailing 6-month period | 64.24% | 26.97% | +37.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.79% | 32.46% | +43.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.56% | 36.09% | +35.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.56% | 39.55% | +32.01% |
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 0.62%.
| 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 | 0.62% | 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 -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETD has higher volatility (31.89%) compared to UXI (11.54%). In terms of maximum drawdown, JETD dropped -94.62% vs UXI's -89.01%.
On 3-year performance, UXI leads with 36.72% vs -54.06% for JETD. Both ETFs have the same 0.95% expense ratio. On volatility, UXI has been the lower-risk option at 11.54%. 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 36.72% return vs -54.06%. 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 0.62%, 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 (1.69 vs -1.00), 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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