JETS vs. IWM
Compare and contrast key facts about U.S. Global Jets ETF (JETS) and iShares Russell 2000 ETF (IWM).
JETS and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both JETS and IWM 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 IWM.
Key characteristics
| JETS | IWM | |
|---|---|---|
| YTD Return | 5.52% | -1.94% |
| 1Y Return | 11.68% | 15.90% |
| 3Y Return (Ann) | -8.15% | -3.18% |
| 5Y Return (Ann) | -8.20% | 5.50% |
| Sharpe Ratio | 0.44 | 0.68 |
| Daily Std Dev | 24.43% | 19.82% |
| Max Drawdown | -64.73% | -59.05% |
| Current Drawdown | -40.59% | -16.21% |
Correlation
The correlation between JETS and IWM is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JETS vs. IWM - Performance Comparison
In the year-to-date period, JETS achieves a 5.52% return, which is significantly higher than IWM's -1.94% 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. IWM - Expense Ratio Comparison
JETS has a 0.60% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
JETS vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and iShares Russell 2000 ETF (IWM). 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. IWM - Dividend Comparison
JETS has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.32% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
JETS vs. IWM - Drawdown Comparison
The maximum JETS drawdown since its inception was -64.73%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for JETS and IWM. For additional features, visit the drawdowns tool.
Volatility
JETS vs. IWM - Volatility Comparison
U.S. Global Jets ETF (JETS) has a higher volatility of 7.56% compared to iShares Russell 2000 ETF (IWM) at 5.21%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.