JETU vs. EXI
JETU (MAX Airlines 3X Leveraged ETN) and EXI (iShares Global Industrials ETF) are both exchange-traded funds - JETU is a Leveraged Equities fund tracking the Prime Airlines Index - Benchmark TR Net, while EXI is a Industrials Equities fund tracking the S&P Global 1200 / Industrials -SEC. Both are passively managed. Over the past 3 years, JETU returned 14.54%/yr vs 20.42%/yr for EXI. A 0.73 correlation means they provide meaningful diversification when combined. JETU charges 0.95%/yr vs 0.43%/yr for EXI.
Performance
JETU vs. EXI - Performance Comparison
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Returns By Period
In the year-to-date period, JETU achieves a 22.30% return, which is significantly higher than EXI's 12.18% return.
JETU
- 1D
- -0.86%
- 1M
- 26.77%
- YTD
- 22.30%
- 6M
- 17.30%
- 1Y
- 88.26%
- 3Y*
- 14.54%
- 5Y*
- —
- 10Y*
- —
EXI
- 1D
- -2.28%
- 1M
- 1.89%
- YTD
- 12.18%
- 6M
- 11.32%
- 1Y
- 23.77%
- 3Y*
- 20.42%
- 5Y*
- 11.94%
- 10Y*
- 13.04%
JETU vs. EXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETU MAX Airlines 3X Leveraged ETN | 22.30% | 3.88% | 38.00% | -15.80% |
EXI iShares Global Industrials ETF | 12.18% | 25.88% | 12.47% | 8.27% |
Correlation
The correlation between JETU and EXI is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | 0.73 |
The correlation between JETU and EXI has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
JETU vs. EXI — Risk / Return Rank
JETU
EXI
JETU vs. EXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and iShares Global Industrials ETF (EXI). 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.
| JETU | EXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.93 | -0.14 |
| Martin ratioReturn relative to average drawdown | 4.40 | 7.68 | -3.28 |
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Drawdowns
JETU vs. EXI - Drawdown Comparison
The maximum JETU drawdown since its inception was -68.64%, which is greater than EXI's maximum drawdown of -62.60%. Use the drawdown chart below to compare losses from any high point for JETU and EXI.
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Drawdown Indicators
| JETU | EXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.64% | -62.60% | -6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -12.35% | -37.04% |
Max Drawdown (3Y)Largest decline over 3 years | -68.64% | -14.38% | -54.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.56% | — |
Current DrawdownCurrent decline from peak | -12.41% | -2.28% | -10.13% |
Average DrawdownAverage peak-to-trough decline | -29.32% | -9.94% | -19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.12% | 3.10% | +17.02% |
Volatility
JETU vs. EXI - Volatility Comparison
MAX Airlines 3X Leveraged ETN (JETU) has a higher volatility of 29.26% compared to iShares Global Industrials ETF (EXI) at 6.03%. This indicates that JETU's price experiences larger fluctuations and is considered to be riskier than EXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JETU | EXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.26% | 6.03% | +23.23% |
Volatility (6M)Calculated over the trailing 6-month period | 61.58% | 14.19% | +47.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.98% | 16.74% | +59.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.53% | 17.12% | +54.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.53% | 18.36% | +53.17% |
JETU vs. EXI - Expense Ratio Comparison
JETU has a 0.95% expense ratio, which is higher than EXI's 0.43% expense ratio.
Dividends
JETU vs. EXI - Dividend Comparison
JETU has not paid dividends to shareholders, while EXI's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI iShares Global Industrials ETF | 1.08% | 1.32% | 1.47% | 1.84% | 1.63% | 1.42% | 1.26% | 1.72% | 2.21% | 1.48% | 1.75% | 1.95% |
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 EXI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETU has higher volatility (29.26%) compared to EXI (6.03%). In terms of maximum drawdown, JETU dropped -68.64% vs EXI's -62.60%.
On 3-year performance, EXI leads with 20.42% vs 14.54% for JETU. On fees, EXI is cheaper at 0.43% per year. On volatility, EXI has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EXI has performed better with a 20.42% return vs 14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EXI is cheaper with a 0.43% expense ratio, compared with 0.95% for JETU.
EXI has the higher dividend yield at 1.08%, compared with 0.00% for JETU.
JETU is categorized as Leveraged Equities, while EXI is Industrials Equities. JETU tracks Prime Airlines Index - Benchmark TR Net, while EXI tracks S&P Global 1200 / Industrials -SEC. They also come from different issuers: Max and iShares. Their fees differ too: 0.95% for JETU and 0.43% for EXI.
EXI currently has the higher Sharpe Ratio (1.43 vs 1.17), 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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