JETS vs. AWAY
Compare and contrast key facts about U.S. Global Jets ETF (JETS) and ETFMG Travel Tech ETF (AWAY).
JETS and AWAY 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. AWAY is a passively managed fund by ETFMG that tracks the performance of the Prime Travel Technology Index. It was launched on Feb 12, 2020. Both JETS and AWAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JETS or AWAY.
Key characteristics
| JETS | AWAY | |
|---|---|---|
| YTD Return | 7.51% | 3.71% |
| 1Y Return | 16.78% | 20.71% |
| 3Y Return (Ann) | -6.99% | -11.72% |
| Sharpe Ratio | 0.55 | 0.97 |
| Daily Std Dev | 24.48% | 20.83% |
| Max Drawdown | -64.73% | -56.57% |
| Current Drawdown | -39.46% | -41.38% |
Correlation
The correlation between JETS and AWAY is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JETS vs. AWAY - Performance Comparison
In the year-to-date period, JETS achieves a 7.51% return, which is significantly higher than AWAY's 3.71% 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. AWAY - Expense Ratio Comparison
JETS has a 0.60% expense ratio, which is lower than AWAY's 0.75% expense ratio.
Risk-Adjusted Performance
JETS vs. AWAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and ETFMG Travel Tech ETF (AWAY). 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. AWAY - Dividend Comparison
JETS has not paid dividends to shareholders, while AWAY's dividend yield for the trailing twelve months is around 0.12%.
| 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% |
AWAY ETFMG Travel Tech ETF | 0.12% | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JETS vs. AWAY - Drawdown Comparison
The maximum JETS drawdown since its inception was -64.73%, which is greater than AWAY's maximum drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for JETS and AWAY. For additional features, visit the drawdowns tool.
Volatility
JETS vs. AWAY - Volatility Comparison
U.S. Global Jets ETF (JETS) has a higher volatility of 7.64% compared to ETFMG Travel Tech ETF (AWAY) at 6.78%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than AWAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.