JETU vs. GEVG

Last updated Jun 4, 2026

JETU (MAX Airlines 3X Leveraged ETN) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. JETU is passively managed, while GEVG is actively managed. At a 0.36 correlation, their price movements are largely independent. JETU charges 0.95%/yr vs 0.75%/yr for GEVG.

Performance

JETU vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX Airlines 3X Leveraged ETN (JETU) and Leverage Shares 2X Long GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JETU achieves a -2.48% return, which is significantly lower than GEVG's 88.18% return.

JETU

• 1D: -6.56%
• 1M: 25.34%
• YTD: -2.48%
• 6M: 11.07%
• 1Y: 41.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -2.09%
• 1M: -22.22%
• YTD: 88.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JETU vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
JETU MAX Airlines 3X Leveraged ETN	-2.48%	-1.21%
GEVG Leverage Shares 2X Long GEV Daily ETF	88.18%	-11.09%

Correlation

The correlation between JETU and GEVG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.36

Return for Risk

JETU vs. GEVG — Risk / Return Rank

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

JETU

JETU Risk / Return Rank: 21
JETU Sharpe Ratio Rank: 18
JETU Sortino Ratio Rank: 24
JETU Omega Ratio Rank: 23
JETU Calmar Ratio Rank: 20
JETU Martin Ratio Rank: 19

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.

JETU vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	0.57	—	—
Sortino ratio: Return per unit of downside risk	1.33	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.85	—	—
Martin ratio: Return relative to average drawdown	2.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JETU	GEVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	2.17	-2.10

Drawdowns

JETU vs. GEVG - Drawdown Comparison

The maximum JETU drawdown since its inception was -68.64%, which is greater than GEVG's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for JETU and GEVG.

Drawdown Indicators

	JETU	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-68.64%	-33.81%	-34.83%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	—	—
Current Drawdown Current decline from peak	-30.15%	-32.62%	+2.47%
Average Drawdown Average peak-to-trough decline	-29.52%	-9.25%	-20.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.69%	—	—

Volatility

Volatility by Period

	JETU	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	72.98%	96.61%	-23.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.60%	96.61%	-26.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.60%	96.61%	-26.01%

JETU vs. GEVG - Expense Ratio Comparison

JETU has a 0.95% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

JETU vs. GEVG - Dividend Comparison

Neither JETU nor GEVG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JETU and GEVG in my portfolio?

JETU and GEVG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JETU or GEVG?

On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JETU or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.95% for JETU.

Which ETF pays a higher dividend yield, JETU or GEVG?

JETU and GEVG have nearly identical dividend yields, around 0.00%.

What is the main difference between JETU and GEVG?

They also come from different issuers: Max and Leverage Shares. Their fees differ too: 0.95% for JETU and 0.75% for GEVG.