JETS vs. IYT
JETS (U.S. Global Jets ETF) and IYT (iShares Transportation Average ETF) are both Industrials Equities funds - JETS tracks the U.S. Global Jets Index while IYT tracks the Dow Jones Transportation Average Index. Both are passively managed. Over the past 10 years, JETS returned 4.40%/yr vs 10.55%/yr for IYT. Their 0.73 correlation means they have sometimes moved together and sometimes differently. JETS charges 0.60%/yr vs 0.42%/yr for IYT.
Performance
JETS vs. IYT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JETS having a 16.39% return and IYT slightly lower at 15.88%. Over the past 10 years, JETS has underperformed IYT with an annualized return of 4.40%, while IYT has yielded a comparatively higher 10.55% annualized return.
JETS
- 1D
- 4.44%
- 1M
- -1.60%
- 6M
- 12.93%
- YTD
- 16.39%
- 1Y
- 42.46%
- 3Y*
- 17.53%
- 5Y*
- 8.32%
- 10Y*
- 4.40%
- ALL TIME*
- 3.06%
IYT
- 1D
- 1.17%
- 1M
- -2.40%
- 6M
- 9.53%
- YTD
- 15.88%
- 1Y
- 30.25%
- 3Y*
- 11.31%
- 5Y*
- 8.03%
- 10Y*
- 10.55%
- ALL TIME*
- 9.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $62.49M | $58.26M | $60.29M | |
| $91.26M | $93.79M | $96.86M |
JETS vs. IYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JETS U.S. Global Jets ETF | 16.39% | 11.64% | 33.21% | 11.42% | -19.01% | -5.13% | -28.93% | 14.38% | -14.30% | 18.66% |
IYT iShares Transportation Average ETF | 15.88% | 11.48% | 4.10% | 24.62% | -21.74% | 26.41% | 14.20% | 20.11% | -12.87% | 18.89% |
Correlation
The correlation between JETS and IYT is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015 | 0.73 |
The correlation between JETS and IYT has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
JETS vs. IYT — Risk / Return Rank
JETS
IYT
JETS vs. IYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and iShares Transportation Average ETF (IYT). 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.
| JETS | IYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.51 | -0.75 |
| Martin ratioReturn relative to average drawdown | 4.47 | 8.58 | -4.11 |
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Drawdowns
JETS vs. IYT - Drawdown Comparison
The maximum JETS drawdown since its inception was -64.92%, which is greater than IYT's maximum drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for JETS and IYT.
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Drawdown Indicators
| JETS | IYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -60.39% | -4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -24.13% | -12.09% | -12.04% |
Max Drawdown (3Y)Largest decline over 3 years | -35.21% | -26.35% | -8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -40.38% | -29.15% | -11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -64.92% | -41.28% | -23.64% |
Current DrawdownCurrent decline from peak | -3.04% | -4.59% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -24.93% | -9.26% | -15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.52% | 3.54% | +5.98% |
Volatility
JETS vs. IYT - Volatility Comparison
U.S. Global Jets ETF (JETS) has a higher volatility of 10.19% compared to iShares Transportation Average ETF (IYT) at 4.57%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than IYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETS | IYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 4.57% | +5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 26.90% | 16.10% | +10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.05% | 20.24% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.57% | 22.34% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 23.12% | +11.11% |
JETS vs. IYT - Expense Ratio Comparison
JETS has a 0.60% expense ratio, which is higher than IYT's 0.42% expense ratio.
Dividends
JETS vs. IYT - Dividend Comparison
JETS's dividend yield for the trailing twelve months is around 0.71%, less than IYT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 0.91% | 1.00% | 1.08% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% |
JETS U.S. Global Jets ETF | 0.71% | 0.83% | 0.00% | 0.00% | 0.00% | 0.67% | 0.04% | 1.24% | 0.09% | 1.57% | 0.58% | 0.17% |
Frequently Asked Questions
JETS and IYT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETS has higher volatility (10.19%) compared to IYT (4.57%). In terms of maximum drawdown, JETS dropped -64.92% vs IYT's -60.39%.
On 10-year performance, IYT leads with 10.55% vs 4.40% for JETS. On fees, IYT is cheaper at 0.42% per year. On volatility, IYT has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYT has performed better with a 10.55% return vs 4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYT is cheaper with a 0.42% expense ratio, compared with 0.60% for JETS.
IYT has the higher dividend yield at 0.91%, compared with 0.71% for JETS.
JETS tracks U.S. Global Jets Index, while IYT tracks Dow Jones Transportation Average Index. They also come from different issuers: US Global and iShares. Their fees differ too: 0.60% for JETS and 0.42% for IYT.
IYT currently has the higher Sharpe Ratio (1.50 vs 1.29), 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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