JETU vs. DIG
Compare and contrast key facts about MAX Airlines 3X Leveraged ETN (JETU) and ProShares Ultra Oil & Gas (DIG).
JETU and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JETU is a passively managed fund by Max that tracks the performance of the Prime Airlines Index - Benchmark TR Net. It was launched on Jun 20, 2023. DIG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index (200%). It was launched on Jan 30, 2007. Both JETU and DIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JETU vs. DIG - Performance Comparison
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JETU vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETU MAX Airlines 3X Leveraged ETN | -14.56% | 3.88% | 38.00% | -16.85% |
DIG ProShares Ultra Oil & Gas | 71.38% | 2.73% | 0.93% | 9.86% |
Returns By Period
In the year-to-date period, JETU achieves a -14.56% return, which is significantly lower than DIG's 71.38% return.
JETU
- 1D
- 7.00%
- 1M
- -28.59%
- YTD
- -14.56%
- 6M
- 16.67%
- 1Y
- 39.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- -7.64%
- 1M
- 7.25%
- YTD
- 71.38%
- 6M
- 70.78%
- 1Y
- 47.64%
- 3Y*
- 20.73%
- 5Y*
- 34.16%
- 10Y*
- 7.37%
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JETU vs. DIG - Expense Ratio Comparison
Both JETU and DIG have an expense ratio of 0.95%.
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 | 0.44 | 0.96 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.41 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.40 | -0.67 |
Martin ratioReturn relative to average drawdown | 2.15 | 2.86 | -0.70 |
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 | 0.44 | 0.96 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.00 | +0.01 |
Correlation
The correlation between JETU and DIG is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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 1.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DIG ProShares Ultra Oil & Gas | 1.45% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
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% | -35.40% | -13.99% |
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 | -38.80% | -49.79% | +10.99% |
Average DrawdownAverage peak-to-trough decline | -29.28% | -64.47% | +35.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.65% | 17.32% | -0.67% |
Volatility
JETU vs. DIG - Volatility Comparison
MAX Airlines 3X Leveraged ETN (JETU) has a higher volatility of 27.93% compared to ProShares Ultra Oil & Gas (DIG) at 12.95%. 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 | 27.93% | 12.95% | +14.98% |
Volatility (6M)Calculated over the trailing 6-month period | 50.02% | 28.78% | +21.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.39% | 49.96% | +39.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.77% | 51.73% | +17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.77% | 57.63% | +11.14% |