JETU vs. DIG
JETU (MAX Airlines 3X Leveraged ETN) and DIG (ProShares Ultra Oil & Gas) are both Leveraged Equities funds - JETU tracks the Prime Airlines Index - Benchmark TR Net while DIG tracks the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past year, JETU returned 41.74% vs 90.00% for DIG. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
JETU vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, JETU achieves a -2.48% return, which is significantly lower than DIG's 66.35% return.
JETU
- 1D
- -6.56%
- 1M
- 25.34%
- YTD
- -2.48%
- 6M
- 11.07%
- 1Y
- 41.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- 2.57%
- 1M
- -3.48%
- YTD
- 66.35%
- 6M
- 59.45%
- 1Y
- 90.00%
- 3Y*
- 23.37%
- 5Y*
- 28.29%
- 10Y*
- 5.32%
JETU vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETU MAX Airlines 3X Leveraged ETN | -2.48% | 3.88% | 38.00% | -16.85% |
DIG ProShares Ultra Oil & Gas | 66.35% | 2.73% | 0.93% | 9.86% |
Correlation
The correlation between JETU and DIG is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.13 |
The correlation between JETU and DIG shifts across timeframes, from -0.13 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JETU vs. DIG — Risk / Return Rank
JETU
DIG
JETU vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and ProShares Ultra Oil & Gas (DIG). 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.
| JETU | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 3.89 | -3.04 |
| Martin ratioReturn relative to average drawdown | 2.13 | 10.65 | -8.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JETU | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 2.22 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.00 | +0.08 |
Drawdowns
JETU vs. DIG - Drawdown Comparison
The maximum JETU drawdown since its inception was -68.64%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for JETU and DIG.
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Drawdown Indicators
| JETU | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.64% | -97.04% | +28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -23.29% | -26.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -30.15% | -51.27% | +21.12% |
Average DrawdownAverage peak-to-trough decline | -29.52% | -64.37% | +34.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.69% | 8.49% | +11.20% |
Volatility
JETU vs. DIG - Volatility Comparison
MAX Airlines 3X Leveraged ETN (JETU) has a higher volatility of 26.59% compared to ProShares Ultra Oil & Gas (DIG) at 16.56%. This indicates that JETU's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETU | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.59% | 16.56% | +10.03% |
Volatility (6M)Calculated over the trailing 6-month period | 57.29% | 33.14% | +24.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.98% | 40.88% | +32.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 51.59% | +19.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 57.81% | +12.79% |
JETU vs. DIG - Expense Ratio Comparison
Both JETU and DIG have an expense ratio of 0.95%.
Dividends
JETU vs. DIG - Dividend Comparison
JETU has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.50% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
JETU MAX Airlines 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JETU and DIG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETU has higher volatility (26.59%) compared to DIG (16.56%). In terms of maximum drawdown, JETU dropped -68.64% vs DIG's -97.04%.
On 1-year performance, DIG leads with 90.00% vs 41.74% for JETU. Both ETFs have the same 0.95% expense ratio. On volatility, DIG has been the lower-risk option at 16.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIG has performed better with a 90.00% return vs 41.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JETU and DIG have the same expense ratio: 0.95% per year.
DIG has the higher dividend yield at 1.50%, compared with 0.00% for JETU.
JETU tracks Prime Airlines Index - Benchmark TR Net, while DIG tracks Dow Jones U.S. Oil & Gas Index (200%). They also come from different issuers: Max and ProShares.
DIG currently has the higher Sharpe Ratio (2.22 vs 0.57), 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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