JETS vs. PEJ

Last updated Jun 23, 2026

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 4.65%/yr vs 7.62%/yr for PEJ. A 0.77 correlation means they provide meaningful diversification when combined. JETS charges 0.60%/yr vs 0.55%/yr for PEJ.

Performance

JETS vs. PEJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Jets ETF (JETS) and Invesco Dynamic Leisure & Entertainment ETF (PEJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JETS achieves a 10.37% return, which is significantly higher than PEJ's 6.08% return. Over the past 10 years, JETS has underperformed PEJ with an annualized return of 4.65%, while PEJ has yielded a comparatively higher 7.62% annualized return.

JETS

• 1D: -0.06%
• 1M: 14.19%
• YTD: 10.37%
• 6M: 6.96%
• 1Y: 44.80%
• 3Y*: 15.62%
• 5Y*: 4.40%
• 10Y*: 4.65%

PEJ

• 1D: -0.84%
• 1M: 7.11%
• YTD: 6.08%
• 6M: 4.61%
• 1Y: 20.09%
• 3Y*: 17.47%
• 5Y*: 4.94%
• 10Y*: 7.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JETS vs. PEJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JETS U.S. Global Jets ETF	10.37%	11.64%	33.21%	11.42%	-19.01%	-5.13%	-28.93%	14.38%	-14.30%	18.66%
PEJ Invesco Dynamic Leisure & Entertainment ETF	6.08%	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 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	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 0.74 to 0.78 - a consistent structural relationship.

JETS vs. PEJ - Sectors Allocation Comparison

Sectors	JETS	PEJ
Industrials	90.5%	2.6%
Consumer Cyclical	7.2%	59.4%
Technology	2.3%	4.2%
Basic Materials	-	-
Communication Services	-	30.1%
Consumer Defensive	-	7.8%
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

JETS vs. PEJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JETS

JETS Risk / Return Rank: 38
JETS Sharpe Ratio Rank: 39
JETS Sortino Ratio Rank: 43
JETS Omega Ratio Rank: 37
JETS Calmar Ratio Rank: 38
JETS Martin Ratio Rank: 33

PEJ

PEJ Risk / Return Rank: 34
PEJ Sharpe Ratio Rank: 31
PEJ Sortino Ratio Rank: 33
PEJ Omega Ratio Rank: 30
PEJ Calmar Ratio Rank: 40
PEJ Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	1.36	1.09	+0.26
Sortino ratio: Return per unit of downside risk	2.12	1.70	+0.41
Omega ratio: Gain probability vs. loss probability	1.24	1.20	+0.04
Calmar ratio: Return relative to maximum drawdown	1.87	1.96	-0.10
Martin ratio: Return relative to average drawdown	4.75	5.08	-0.33

JETS vs. PEJ - Sharpe Ratio Comparison

The current JETS Sharpe Ratio is 1.36, which is comparable to the PEJ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of JETS and PEJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	JETS	PEJ	Difference
Max Drawdown Largest 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	-41.35%	-34.74%	-6.61%
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	-58.96%	-5.96%
Current Drawdown Current decline from peak	-8.05%	-1.14%	-6.91%
Average Drawdown Average peak-to-trough decline	-25.13%	-12.30%	-12.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.46%	3.97%	+5.49%

Volatility

JETS vs. PEJ - Volatility Comparison

U.S. Global Jets ETF (JETS) has a higher volatility of 11.17% compared to Invesco Dynamic Leisure & Entertainment ETF (PEJ) at 4.59%. 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.

Volatility by Period

	JETS	PEJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	4.59%	+6.58%
Volatility (6M) Calculated over the trailing 6-month period	25.69%	14.20%	+11.49%
Volatility (1Y) Calculated over the trailing 1-year period	33.22%	18.48%	+14.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.54%	22.77%	+9.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.29%	24.76%	+9.53%

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 0.75%, more than PEJ's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JETS U.S. Global Jets ETF	0.75%	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	0.52%	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

Can I hold both JETS and PEJ in my portfolio?

JETS and PEJ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JETS or PEJ?

JETS has higher volatility (11.17%) compared to PEJ (4.59%). In terms of maximum drawdown, JETS dropped -64.92% vs PEJ's -66.03%.

Which ETF is better, JETS or PEJ?

On 10-year performance, PEJ leads with 7.62% vs 4.65% for JETS. On fees, PEJ is cheaper at 0.55% per year. On volatility, PEJ has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETS or PEJ?

Over the 10-year period, PEJ has performed better with a 7.62% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETS or PEJ?

PEJ is cheaper with a 0.55% expense ratio, compared with 0.60% for JETS.

Which ETF pays a higher dividend yield, JETS or PEJ?

JETS has the higher dividend yield at 0.75%, compared with 0.52% for PEJ.

What is the main difference between JETS and 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.

Which has better risk-adjusted returns?

JETS currently has the higher Sharpe Ratio (1.36 vs 1.09), 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.