JETS vs. PEJ
JETS (U.S. Global Jets ETF) and PEJ (Invesco Dynamic Leisure & Entertainment ETF) are both exchange-traded funds - JETS is a Industrials Equities fund tracking the U.S. Global Jets Index, while PEJ is a Consumer Discretionary Equities fund tracking the Dynamic Leisure and Entertainment Intellidex Index. Both are passively managed. Over the past 10 years, JETS returned 4.27%/yr vs 7.51%/yr for PEJ. Their 0.77 correlation means they have sometimes moved together and sometimes differently. JETS charges 0.60%/yr vs 0.55%/yr for PEJ.
Performance
JETS vs. PEJ - Performance Comparison
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Returns By Period
In the year-to-date period, JETS achieves a 11.44% return, which is significantly higher than PEJ's 9.41% return. Over the past 10 years, JETS has underperformed PEJ with an annualized return of 4.27%, while PEJ has yielded a comparatively higher 7.51% annualized return.
JETS
- 1D
- -1.26%
- 1M
- -5.78%
- 6M
- 11.91%
- YTD
- 11.44%
- 1Y
- 36.40%
- 3Y*
- 14.53%
- 5Y*
- 6.76%
- 10Y*
- 4.27%
- ALL TIME*
- 2.66%
PEJ
- 1D
- -0.27%
- 1M
- -0.54%
- 6M
- 11.47%
- YTD
- 9.41%
- 1Y
- 18.36%
- 3Y*
- 16.45%
- 5Y*
- 6.78%
- 10Y*
- 7.51%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.88M | $89.07M | $95.81M | |
| $2.30M | $2.56M | $2.67M |
JETS vs. PEJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JETS U.S. Global Jets ETF | 11.44% | 11.64% | 33.21% | 11.42% | -19.01% | -5.13% | -28.93% | 14.38% | -14.30% | 18.66% |
PEJ Invesco Dynamic Leisure & Entertainment ETF | 9.41% | 17.78% | 25.08% | 15.73% | -25.37% | 22.78% | -10.29% | 13.82% | -9.31% | 11.22% |
Correlation
The correlation between JETS and PEJ is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015 | 0.77 |
The correlation between JETS and PEJ has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
JETS vs. PEJ — Risk / Return Rank
JETS
PEJ
JETS vs. PEJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and Invesco Dynamic Leisure & Entertainment ETF (PEJ). 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 | PEJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.63 | -0.31 |
| Martin ratioReturn relative to average drawdown | 3.34 | 4.23 | -0.90 |
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Drawdowns
JETS vs. PEJ - Drawdown Comparison
The maximum JETS drawdown since its inception was -64.92%, roughly equal to the maximum PEJ drawdown of -66.03%. Use the drawdown chart below to compare losses from any high point for JETS and PEJ.
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Drawdown Indicators
| JETS | PEJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -66.03% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.13% | -10.29% | -13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -35.21% | -25.75% | -9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -40.38% | -34.74% | -5.64% |
Max Drawdown (10Y)Largest decline over 10 years | -64.92% | -58.96% | -5.96% |
Current DrawdownCurrent decline from peak | -7.16% | -1.43% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -24.94% | -12.24% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.52% | 3.95% | +5.57% |
Volatility
JETS vs. PEJ - Volatility Comparison
U.S. Global Jets ETF (JETS) has a higher volatility of 9.08% compared to Invesco Dynamic Leisure & Entertainment ETF (PEJ) at 4.73%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than PEJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETS | PEJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 4.73% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 26.62% | 14.85% | +11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.90% | 18.67% | +14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.50% | 22.69% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.21% | 24.72% | +9.49% |
JETS vs. PEJ - Expense Ratio Comparison
JETS has a 0.60% expense ratio, which is higher than PEJ's 0.55% expense ratio.
Dividends
JETS vs. PEJ - Dividend Comparison
JETS's dividend yield for the trailing twelve months is around 0.74%, more than PEJ's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JETS U.S. Global Jets ETF | 0.74% | 0.83% | 0.00% | 0.00% | 0.00% | 0.67% | 0.04% | 1.24% | 0.09% | 1.57% | 0.58% | 0.17% |
PEJ Invesco Dynamic Leisure & Entertainment ETF | 0.50% | 0.24% | 0.40% | 0.46% | 0.43% | 0.34% | 0.92% | 0.39% | 0.78% | 0.68% | 0.68% | 0.52% |
Frequently Asked Questions
JETS and PEJ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETS has higher volatility (9.08%) compared to PEJ (4.73%). In terms of maximum drawdown, JETS dropped -64.92% vs PEJ's -66.03%.
On 10-year performance, PEJ leads with 7.51% vs 4.27% for JETS. On fees, PEJ is cheaper at 0.55% per year. On volatility, PEJ has been the lower-risk option at 4.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PEJ has performed better with a 7.51% return vs 4.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PEJ is cheaper with a 0.55% expense ratio, compared with 0.60% for JETS.
JETS has the higher dividend yield at 0.74%, compared with 0.50% for PEJ.
JETS is categorized as Industrials Equities, while PEJ is Consumer Discretionary Equities. JETS tracks U.S. Global Jets Index, while PEJ tracks Dynamic Leisure and Entertainment Intellidex Index. They also come from different issuers: US Global and Invesco. Their fees differ too: 0.60% for JETS and 0.55% for PEJ.
JETS currently has the higher Sharpe Ratio (0.97 vs 0.90), 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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