JETS vs. ULCC

Last updated Apr 2, 2026

Compare and contrast key facts about U.S. Global Jets ETF (JETS) and Frontier Group Holdings, Inc. (ULCC).

JETS is a passively managed fund by US Global that tracks the performance of the U.S. Global Jets Index. It was launched on Apr 28, 2015.

Performance

JETS vs. ULCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Jets ETF (JETS) and Frontier Group Holdings, Inc. (ULCC). The values are adjusted to include any dividend payments, if applicable.

JETS vs. ULCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JETS U.S. Global Jets ETF	-9.98%	11.64%	33.21%	11.42%	-19.01%	-21.51%
ULCC Frontier Group Holdings, Inc.	-20.38%	-33.76%	30.22%	-46.84%	-24.32%	-28.01%

Returns By Period

In the year-to-date period, JETS achieves a -9.98% return, which is significantly higher than ULCC's -20.38% return.

JETS

• 1D: 2.60%
• 1M: -8.77%
• YTD: -9.98%
• 6M: 3.86%
• 1Y: 24.64%
• 3Y*: 11.00%
• 5Y*: -1.06%
• 10Y*: 0.59%

ULCC

• 1D: 6.23%
• 1M: -7.18%
• YTD: -20.38%
• 6M: -10.39%
• 1Y: -13.19%
• 3Y*: -27.50%
• 5Y*: —
• 10Y*: —

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

Return for Risk

JETS vs. ULCC — Risk / Return Rank

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

JETS

JETS Risk / Return Rank: 36
JETS Sharpe Ratio Rank: 33
JETS Sortino Ratio Rank: 42
JETS Omega Ratio Rank: 35
JETS Calmar Ratio Rank: 35
JETS Martin Ratio Rank: 33

ULCC

ULCC Risk / Return Rank: 35
ULCC Sharpe Ratio Rank: 33
ULCC Sortino Ratio Rank: 39
ULCC Omega Ratio Rank: 37
ULCC Calmar Ratio Rank: 33
ULCC Martin Ratio Rank: 31

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. ULCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and Frontier Group Holdings, Inc. (ULCC). 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.

	JETS	ULCC	Difference
Sharpe ratio Return per unit of total volatility	0.66	-0.16	+0.81
Sortino ratio Return per unit of downside risk	1.22	0.39	+0.83
Omega ratio Gain probability vs. loss probability	1.15	1.04	+0.11
Calmar ratio Return relative to maximum drawdown	0.94	-0.26	+1.20
Martin ratio Return relative to average drawdown	3.01	-0.62	+3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JETS vs. ULCC - Sharpe Ratio Comparison

The current JETS Sharpe Ratio is 0.66, which is higher than the ULCC Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of JETS and ULCC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JETS	ULCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	-0.16	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.41	+0.43

Correlation

The correlation between JETS and ULCC is 0.72, 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.

Dividends

JETS vs. ULCC - Dividend Comparison

JETS's dividend yield for the trailing twelve months is around 0.92%, while ULCC has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JETS U.S. Global Jets ETF	0.92%	0.83%	0.00%	0.00%	0.00%	0.67%	0.04%	1.24%	0.09%	1.57%	0.58%	0.17%
ULCC Frontier Group Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JETS vs. ULCC - Drawdown Comparison

The maximum JETS drawdown since its inception was -64.92%, smaller than the maximum ULCC drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for JETS and ULCC.

Drawdown Indicators

	JETS	ULCC	Difference
Max Drawdown Largest peak-to-trough decline	-64.92%	-87.04%	+22.12%
Max Drawdown (1Y) Largest decline over 1 year	-24.13%	-52.45%	+28.32%
Max Drawdown (5Y) Largest decline over 5 years	-46.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	—	—
Current Drawdown Current decline from peak	-25.00%	-82.88%	+57.88%
Average Drawdown Average peak-to-trough decline	-25.25%	-59.67%	+34.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.52%	22.08%	-14.56%

Volatility

JETS vs. ULCC - Volatility Comparison

The current volatility for U.S. Global Jets ETF (JETS) is 11.45%, while Frontier Group Holdings, Inc. (ULCC) has a volatility of 19.77%. This indicates that JETS experiences smaller price fluctuations and is considered to be less risky than ULCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JETS	ULCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	19.77%	-8.32%
Volatility (6M) Calculated over the trailing 6-month period	22.28%	51.21%	-28.93%
Volatility (1Y) Calculated over the trailing 1-year period	37.80%	84.62%	-46.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.82%	68.04%	-36.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.88%	68.04%	-34.16%