JETD vs. YQQQ

Last updated Jun 5, 2026

JETD (MAX Airlines -3X Inverse Leveraged ETN) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - JETD is a Inverse Equities fund tracking the Prime Airlines Index - Benchmark TR Net (--300%), while YQQQ is a Derivative Income fund actively managed by YieldMax. JETD is passively managed, while YQQQ is actively managed. Over the past year, JETD returned -64.62% vs -13.84% for YQQQ. At a 0.48 correlation, their price movements are largely independent. JETD charges 0.95%/yr vs 0.99%/yr for YQQQ.

Performance

JETD vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX Airlines -3X Inverse Leveraged ETN (JETD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JETD achieves a -30.85% return, which is significantly lower than YQQQ's -8.57% return.

JETD

• 1D: -3.47%
• 1M: -23.74%
• YTD: -30.85%
• 6M: -41.63%
• 1Y: -64.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.41%
• 1M: -6.24%
• YTD: -8.57%
• 6M: -6.48%
• 1Y: -13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JETD vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JETD MAX Airlines -3X Inverse Leveraged ETN	-30.85%	-59.89%	-48.35%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.57%	-9.97%	-4.06%

Correlation

The correlation between JETD and YQQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024	0.48

Return for Risk

JETD vs. YQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JETD

JETD Risk / Return Rank: 2
JETD Sharpe Ratio Rank: 2
JETD Sortino Ratio Rank: 2
JETD Omega Ratio Rank: 2
JETD Calmar Ratio Rank: 1
JETD Martin Ratio Rank: 2

YQQQ

YQQQ Risk / Return Rank: 2
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 2
YQQQ Omega Ratio Rank: 2
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JETD vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines -3X Inverse Leveraged ETN (JETD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	JETD	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-1.11	+0.22
Sortino ratio: Return per unit of downside risk	-1.37	-1.50	+0.13
Omega ratio: Gain probability vs. loss probability	0.84	0.83	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.90	-0.67	-0.23
Martin ratio: Return relative to average drawdown	-1.37	-1.61	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JETD vs. YQQQ - Sharpe Ratio Comparison

The current JETD Sharpe Ratio is -0.89, which is comparable to the YQQQ Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of JETD and YQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JETD	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	-1.11	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	-0.76	+0.06

Drawdowns

JETD vs. YQQQ - Drawdown Comparison

The maximum JETD drawdown since its inception was -93.69%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for JETD and YQQQ.

Drawdown Indicators

	JETD	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.69%	-28.21%	-65.48%
Max Drawdown (1Y) Largest decline over 1 year	-71.95%	-20.82%	-51.13%
Current Drawdown Current decline from peak	-92.81%	-27.87%	-64.94%
Average Drawdown Average peak-to-trough decline	-61.40%	-14.25%	-47.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.03%	8.62%	+38.41%

Volatility

JETD vs. YQQQ - Volatility Comparison

MAX Airlines -3X Inverse Leveraged ETN (JETD) has a higher volatility of 28.26% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 3.90%. This indicates that JETD's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JETD	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.26%	3.90%	+24.36%
Volatility (6M) Calculated over the trailing 6-month period	58.72%	9.85%	+48.87%
Volatility (1Y) Calculated over the trailing 1-year period	72.43%	12.50%	+59.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.49%	16.25%	+54.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.49%	16.25%	+54.24%

JETD vs. YQQQ - Expense Ratio Comparison

JETD has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.

Dividends

JETD vs. YQQQ - Dividend Comparison

JETD has not paid dividends to shareholders, while YQQQ's dividend yield for the trailing twelve months is around 32.16%.

Position	TTM	2025	2024
JETD MAX Airlines -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	32.16%	31.71%	7.88%

Frequently Asked Questions

Can I hold both JETD and YQQQ in my portfolio?

JETD and YQQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JETD or YQQQ?

JETD has higher volatility (28.26%) compared to YQQQ (3.90%). In terms of maximum drawdown, JETD dropped -93.69% vs YQQQ's -28.21%.

Which ETF is better, JETD or YQQQ?

On 1-year performance, YQQQ leads with -13.84% vs -64.62% for JETD. On fees, JETD is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETD or YQQQ?

Over the 1-year period, YQQQ has performed better with a -13.84% return vs -64.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETD or YQQQ?

JETD is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.

Which ETF pays a higher dividend yield, JETD or YQQQ?

YQQQ has the higher dividend yield at 32.16%, compared with 0.00% for JETD.

What is the main difference between JETD and YQQQ?

JETD is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Max and YieldMax. Their fees differ too: 0.95% for JETD and 0.99% for YQQQ.

Which has better risk-adjusted returns?

JETD currently has the higher Sharpe Ratio (-0.89 vs -1.11), 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.