JETS vs. AMZA
Compare and contrast key facts about U.S. Global Jets ETF (JETS) and InfraCap MLP ETF (AMZA).
JETS and AMZA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JETS is a passively managed fund by US Global Investors that tracks the performance of the U.S. Global Jets Index. It was launched on Apr 28, 2015. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JETS or AMZA.
Key characteristics
| JETS | AMZA | |
|---|---|---|
| YTD Return | 7.51% | 14.82% |
| 1Y Return | 16.78% | 40.36% |
| 3Y Return (Ann) | -6.99% | 24.96% |
| 5Y Return (Ann) | -7.84% | 5.13% |
| Sharpe Ratio | 0.55 | 2.01 |
| Daily Std Dev | 24.48% | 19.22% |
| Max Drawdown | -64.73% | -91.46% |
| Current Drawdown | -39.46% | -35.70% |
Correlation
The correlation between JETS and AMZA is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JETS vs. AMZA - Performance Comparison
In the year-to-date period, JETS achieves a 7.51% return, which is significantly lower than AMZA's 14.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JETS vs. AMZA - Expense Ratio Comparison
JETS has a 0.60% expense ratio, which is lower than AMZA's 2.01% expense ratio.
Risk-Adjusted Performance
JETS vs. AMZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and InfraCap MLP ETF (AMZA). 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.
Dividends
JETS vs. AMZA - Dividend Comparison
JETS has not paid dividends to shareholders, while AMZA's dividend yield for the trailing twelve months is around 7.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
JETS U.S. Global Jets ETF | 0.00% | 0.00% | 0.00% | 0.67% | 0.04% | 1.24% | 0.63% | 1.57% | 0.58% | 0.17% |
AMZA InfraCap MLP ETF | 7.50% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% |
Drawdowns
JETS vs. AMZA - Drawdown Comparison
The maximum JETS drawdown since its inception was -64.73%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for JETS and AMZA. For additional features, visit the drawdowns tool.
Volatility
JETS vs. AMZA - Volatility Comparison
U.S. Global Jets ETF (JETS) has a higher volatility of 7.64% compared to InfraCap MLP ETF (AMZA) at 6.94%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than AMZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.