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 -51.54%/yr vs 20.01%/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 -48.55% return, which is significantly lower than VIS's 16.86% return.
JETD
- 1D
- 5.74%
- 1M
- -9.70%
- 6M
- -38.94%
- YTD
- -48.55%
- 1Y
- -66.95%
- 3Y*
- -51.54%
- 5Y*
- —
- 10Y*
- —
VIS
- 1D
- -0.95%
- 1M
- 1.04%
- 6M
- 9.98%
- YTD
- 16.86%
- 1Y
- 22.66%
- 3Y*
- 20.01%
- 5Y*
- 13.65%
- 10Y*
- 13.72%
JETD vs. VIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETD MAX Airlines -3X Inverse Leveraged ETN | -48.55% | -59.89% | -51.72% | -1.53% |
VIS Vanguard Industrials ETF | 16.86% | 18.57% | 16.85% | 11.50% |
Correlation
The correlation between JETD and VIS is -0.75, 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 | -0.75 |
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 -0.76 to -0.75 - 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 | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.22 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.85 | -2.74 |
| Martin ratioReturn relative to average drawdown | -1.51 | 7.56 | -9.07 |
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Drawdowns
JETD vs. VIS - Drawdown Comparison
The maximum JETD drawdown since its inception was -95.39%, 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 | -95.39% | -63.51% | -31.88% |
Max Drawdown (1Y)Largest decline over 1 year | -75.34% | -12.29% | -63.05% |
Max Drawdown (3Y)Largest decline over 3 years | -95.39% | -20.80% | -74.59% |
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 | -94.65% | -3.70% | -90.95% |
Average DrawdownAverage peak-to-trough decline | -62.40% | -8.34% | -54.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.25% | 3.00% | +41.25% |
Volatility
JETD vs. VIS - Volatility Comparison
MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 27.04% compared to Vanguard Industrials ETF (VIS) at 6.34%. 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 | 27.04% | 6.34% | +20.70% |
Volatility (6M)Calculated over the trailing 6-month period | 65.09% | 14.49% | +50.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 17.76% | +57.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.45% | 18.55% | +52.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.45% | 20.46% | +50.99% |
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 0.89%.
| 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 | 0.89% | 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 -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETD has higher volatility (27.04%) compared to VIS (6.34%). In terms of maximum drawdown, JETD dropped -95.39% vs VIS's -63.51%.
On 3-year performance, VIS leads with 20.01% vs -51.54% for JETD. On fees, VIS is cheaper at 0.09% per year. On volatility, VIS has been the lower-risk option at 6.34%. 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 20.01% return vs -51.54%. 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 0.89%, 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 (1.28 vs -0.89), 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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