JETU vs. OOQB

Last updated Jun 4, 2026

JETU (MAX Airlines 3X Leveraged ETN) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - JETU is a Leveraged Equities fund tracking the Prime Airlines Index - Benchmark TR Net, while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. JETU is passively managed, while OOQB is actively managed. Over the past year, JETU returned 41.74% vs -27.35% for OOQB. At a 0.48 correlation, their price movements are largely independent. JETU charges 0.95%/yr vs 0.75%/yr for OOQB.

Performance

JETU vs. OOQB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX Airlines 3X Leveraged ETN (JETU) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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 higher than OOQB's -18.43% return.

JETU

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

OOQB

• 1D: 0.00%
• 1M: 0.00%
• YTD: -18.43%
• 6M: -24.99%
• 1Y: -27.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JETU vs. OOQB - Yearly Performance Comparison

	2026 (YTD)	2025
JETU MAX Airlines 3X Leveraged ETN	-2.48%	0.89%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	-18.43%	-13.30%

Correlation

The correlation between JETU and OOQB is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.48

Return for Risk

JETU vs. OOQB — 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

OOQB

OOQB Risk / Return Rank: 4
OOQB Sharpe Ratio Rank: 4
OOQB Sortino Ratio Rank: 5
OOQB Omega Ratio Rank: 4
OOQB Calmar Ratio Rank: 4
OOQB Martin Ratio Rank: 5

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. OOQB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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	OOQB	Difference
Sharpe ratio: Return per unit of total volatility	0.57	-0.53	+1.11
Sortino ratio: Return per unit of downside risk	1.33	-0.50	+1.83
Omega ratio: Gain probability vs. loss probability	1.15	0.94	+0.21
Calmar ratio: Return relative to maximum drawdown	0.85	-0.51	+1.36
Martin ratio: Return relative to average drawdown	2.13	-0.91	+3.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JETU vs. OOQB - Sharpe Ratio Comparison

The current JETU Sharpe Ratio is 0.57, which is higher than the OOQB Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of JETU and OOQB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JETU	OOQB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	-0.53	+1.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	-0.41	+0.48

Drawdowns

JETU vs. OOQB - Drawdown Comparison

The maximum JETU drawdown since its inception was -68.64%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for JETU and OOQB.

Drawdown Indicators

	JETU	OOQB	Difference
Max Drawdown Largest peak-to-trough decline	-68.64%	-53.44%	-15.20%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	-53.44%	+4.05%
Current Drawdown Current decline from peak	-30.15%	-43.69%	+13.54%
Average Drawdown Average peak-to-trough decline	-29.52%	-23.26%	-6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.69%	30.11%	-10.42%

Volatility

JETU vs. OOQB - Volatility Comparison

MAX Airlines 3X Leveraged ETN (JETU) has a higher volatility of 26.59% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that JETU's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JETU	OOQB	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.59%	0.00%	+26.59%
Volatility (6M) Calculated over the trailing 6-month period	57.29%	39.39%	+17.90%
Volatility (1Y) Calculated over the trailing 1-year period	72.98%	51.57%	+21.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.60%	58.12%	+12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.60%	58.12%	+12.48%

JETU vs. OOQB - Expense Ratio Comparison

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

Dividends

JETU vs. OOQB - Dividend Comparison

JETU has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 11.62%.

Position	TTM	2025
JETU MAX Airlines 3X Leveraged ETN	0.00%	0.00%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	11.62%	9.53%

Frequently Asked Questions

Can I hold both JETU and OOQB in my portfolio?

JETU and OOQB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JETU or OOQB?

JETU has higher volatility (26.59%) compared to OOQB (0.00%). In terms of maximum drawdown, JETU dropped -68.64% vs OOQB's -53.44%.

Which ETF is better, JETU or OOQB?

On 1-year performance, JETU leads with 41.74% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETU or OOQB?

Over the 1-year period, JETU has performed better with a 41.74% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETU or OOQB?

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

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

OOQB has the higher dividend yield at 11.62%, compared with 0.00% for JETU.

What is the main difference between JETU and OOQB?

JETU is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: Max and Volatility Shares. Their fees differ too: 0.95% for JETU and 0.75% for OOQB.

Which has better risk-adjusted returns?

JETU currently has the higher Sharpe Ratio (0.57 vs -0.53), 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.