JETU vs. ITA
JETU (MAX Airlines 3X Leveraged ETN) and ITA (iShares U.S. Aerospace & Defense ETF) are both exchange-traded funds - JETU is a Leveraged Equities fund tracking the Prime Airlines Index - Benchmark TR Net, while ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. Over the past 3 years, JETU returned 17.24%/yr vs 29.56%/yr for ITA. Their 0.61 correlation means they have sometimes moved together and sometimes differently. JETU charges 0.95%/yr vs 0.38%/yr for ITA.
Performance
JETU vs. ITA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JETU achieves a 33.50% return, which is significantly higher than ITA's 14.78% return.
JETU
- 1D
- 9.11%
- 1M
- -5.14%
- 6M
- 15.46%
- YTD
- 33.50%
- 1Y
- 97.78%
- 3Y*
- 17.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.53%
ITA
- 1D
- 2.68%
- 1M
- -0.85%
- 6M
- 6.60%
- YTD
- 14.78%
- 1Y
- 26.33%
- 3Y*
- 29.56%
- 5Y*
- 19.23%
- 10Y*
- 15.30%
- ALL TIME*
- 12.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $172.54M | $161.73M | $179.63M | |
| $63.21K | $100.55K | $199.95K |
JETU vs. ITA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JETU MAX Airlines 3X Leveraged ETN | 33.50% | 3.88% | 38.00% | -15.80% |
ITA iShares U.S. Aerospace & Defense ETF | 14.78% | 48.64% | 15.81% | 10.47% |
Correlation
The correlation between JETU and ITA is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | 0.61 |
The correlation between JETU and ITA has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JETU vs. ITA — Risk / Return Rank
JETU
ITA
JETU vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and iShares U.S. Aerospace & Defense ETF (ITA). 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 | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.67 | +0.32 |
| Martin ratioReturn relative to average drawdown | 4.92 | 4.22 | +0.70 |
Loading charts...
Drawdowns
JETU vs. ITA - Drawdown Comparison
The maximum JETU drawdown since its inception was -68.64%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for JETU and ITA.
Loading charts...
Drawdown Indicators
| JETU | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.64% | -59.72% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -15.82% | -33.57% |
Max Drawdown (3Y)Largest decline over 3 years | -68.64% | -15.82% | -52.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.00% | — |
Current DrawdownCurrent decline from peak | -6.06% | -1.87% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -28.65% | -9.42% | -19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.96% | 6.25% | +13.71% |
Volatility
JETU vs. ITA - Volatility Comparison
MAX Airlines 3X Leveraged ETN (JETU) has a higher volatility of 21.11% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 7.57%. This indicates that JETU's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JETU | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.11% | 7.57% | +13.54% |
Volatility (6M)Calculated over the trailing 6-month period | 62.99% | 18.47% | +44.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.56% | 22.65% | +52.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.39% | 20.29% | +51.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.39% | 23.31% | +48.08% |
JETU vs. ITA - Expense Ratio Comparison
JETU has a 0.95% expense ratio, which is higher than ITA's 0.38% expense ratio.
Dividends
JETU vs. ITA - Dividend Comparison
JETU has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.43% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
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 ITA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JETU has higher volatility (21.11%) compared to ITA (7.57%). In terms of maximum drawdown, JETU dropped -68.64% vs ITA's -59.72%.
On 3-year performance, ITA leads with 29.56% vs 17.24% for JETU. On fees, ITA is cheaper at 0.38% per year. On volatility, ITA has been the lower-risk option at 7.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ITA has performed better with a 29.56% return vs 17.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITA is cheaper with a 0.38% expense ratio, compared with 0.95% for JETU.
ITA has the higher dividend yield at 0.43%, compared with 0.00% for JETU.
JETU is categorized as Leveraged Equities, while ITA is Aerospace & Defense. JETU tracks Prime Airlines Index - Benchmark TR Net, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. They also come from different issuers: Max and iShares. Their fees differ too: 0.95% for JETU and 0.38% for ITA.
JETU currently has the higher Sharpe Ratio (1.30 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.
Find the right allocation for JETU and ITA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer