JETD vs. VIS
JETD (MAX Airlines -3X Inverse Leveraged ETN) and VIS (Vanguard Industrials ETF) are both exchange-traded funds - JETD is a Inverse Equities fund tracking the Prime Airlines Index - Benchmark TR Net (--300%), while VIS is a Industrials Equities fund tracking the MSCI US Investable Market Industrials 25/50 Index. Both are passively managed. Over the past 3 years, JETD returned -54.06%/yr vs 23.08%/yr for VIS. At a correlation of -0.76, they often move in opposite directions. JETD charges 0.95%/yr vs 0.09%/yr for VIS.
Performance
JETD vs. VIS - 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 VIS's 19.57% return.
JETD
- 1D
- -1.50%
- 1M
- -29.97%
- YTD
- -48.24%
- 6M
- -44.81%
- 1Y
- -75.71%
- 3Y*
- -54.06%
- 5Y*
- —
- 10Y*
- —
VIS
- 1D
- 0.66%
- 1M
- 5.89%
- YTD
- 19.57%
- 6M
- 17.53%
- 1Y
- 33.16%
- 3Y*
- 23.08%
- 5Y*
- 14.26%
- 10Y*
- 14.85%
JETD vs. VIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | -48.24% | -59.89% | -51.72% | -1.53% |
VIS Vanguard Industrials ETF | 19.57% | 18.57% | 16.85% | 11.50% |
Correlation
The correlation between JETD and VIS is -0.77, 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 | -0.77 |
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 VIS has been stable across timeframes, ranging from -0.77 to -0.76 - a consistent structural relationship.
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Return for Risk
JETD vs. VIS — Risk / Return Rank
JETD
VIS
JETD vs. VIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines -3X Inverse Leveraged ETN (JETD) and Vanguard Industrials ETF (VIS). 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 | VIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.58 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.33 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 2.71 | -3.73 |
| Martin ratioReturn relative to average drawdown | -1.61 | 11.22 | -12.83 |
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Drawdowns
JETD vs. VIS - Drawdown Comparison
The maximum JETD drawdown since its inception was -94.62%, which is greater than VIS's maximum drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for JETD and VIS.
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Drawdown Indicators
| JETD | VIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.62% | -63.51% | -31.11% |
Max Drawdown (1Y)Largest decline over 1 year | -74.71% | -12.29% | -62.42% |
Max Drawdown (3Y)Largest decline over 3 years | -94.62% | -20.80% | -73.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.42% | — |
Current DrawdownCurrent decline from peak | -94.62% | 0.00% | -94.62% |
Average DrawdownAverage peak-to-trough decline | -61.79% | -8.36% | -53.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.75% | 2.96% | +45.79% |
Volatility
JETD vs. VIS - Volatility Comparison
MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 31.89% compared to Vanguard Industrials ETF (VIS) at 6.13%. This indicates that JETD's price experiences larger fluctuations and is considered to be riskier than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETD | VIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.89% | 6.13% | +25.76% |
Volatility (6M)Calculated over the trailing 6-month period | 64.24% | 14.16% | +50.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.79% | 17.26% | +58.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.56% | 18.47% | +53.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.56% | 20.50% | +51.06% |
JETD vs. VIS - Expense Ratio Comparison
JETD has a 0.95% expense ratio, which is higher than VIS's 0.09% expense ratio.
Dividends
JETD vs. VIS - Dividend Comparison
JETD has not paid dividends to shareholders, while VIS's dividend yield for the trailing twelve months is around 0.85%.
| 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% |
VIS Vanguard Industrials ETF | 0.85% | 1.01% | 1.23% | 1.36% | 1.52% | 1.11% | 1.38% | 1.68% | 1.90% | 1.60% | 1.81% | 1.94% |
Frequently Asked Questions
JETD and VIS have a correlation of -0.77, 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 VIS (6.13%). In terms of maximum drawdown, JETD dropped -94.62% vs VIS's -63.51%.
On 3-year performance, VIS leads with 23.08% vs -54.06% for JETD. On fees, VIS is cheaper at 0.09% per year. On volatility, VIS has been the lower-risk option at 6.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VIS has performed better with a 23.08% return vs -54.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIS is cheaper with a 0.09% expense ratio, compared with 0.95% for JETD.
VIS has the higher dividend yield at 0.85%, compared with 0.00% for JETD.
JETD is categorized as Inverse Equities, while VIS is Industrials Equities. JETD tracks Prime Airlines Index - Benchmark TR Net (--300%), while VIS tracks MSCI US Investable Market Industrials 25/50 Index. They also come from different issuers: Max and Vanguard. Their fees differ too: 0.95% for JETD and 0.09% for VIS.
VIS currently has the higher Sharpe Ratio (1.93 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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