JETU vs. TSYX

Last updated Apr 2, 2026

Compare and contrast key facts about MAX Airlines 3X Leveraged ETN (JETU) and TSPY Lift ETF (TSYX).

JETU and TSYX 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. TSYX is an actively managed fund by TappAlpha. It was launched on Jan 6, 2026.

Performance

JETU vs. TSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX Airlines 3X Leveraged ETN (JETU) and TSPY Lift ETF (TSYX). The values are adjusted to include any dividend payments, if applicable.

JETU vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
JETU MAX Airlines 3X Leveraged ETN	-23.22%
TSYX TSPY Lift ETF	-7.61%

Returns By Period

JETU

• 1D: 7.00%
• 1M: -28.59%
• YTD: -14.56%
• 6M: 16.67%
• 1Y: 39.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSYX

• 1D: 0.91%
• 1M: -6.94%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JETU vs. TSYX - Expense Ratio Comparison

JETU has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.

TSYX

TSPY Lift ETF

JETU

MAX Airlines 3X Leveraged ETN

Return for Risk

JETU vs. TSYX — Risk / Return Rank

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

JETU

JETU Risk / Return Rank: 31
JETU Sharpe Ratio Rank: 24
JETU Sortino Ratio Rank: 41
JETU Omega Ratio Rank: 39
JETU Calmar Ratio Rank: 27
JETU Martin Ratio Rank: 25

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. TSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and TSPY Lift ETF (TSYX). 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	TSYX	Difference
Sharpe ratio Return per unit of total volatility	0.44	—	—
Sortino ratio Return per unit of downside risk	1.25	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	0.73	—	—
Martin ratio Return relative to average drawdown	2.15	—	—
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	TSYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-1.46	+1.47

Correlation

The correlation between JETU and TSYX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JETU vs. TSYX - Dividend Comparison

JETU has not paid dividends to shareholders, while TSYX's dividend yield for the trailing twelve months is around 3.74%.

	TTM
JETU MAX Airlines 3X Leveraged ETN	0.00%
TSYX TSPY Lift ETF	3.74%

Drawdowns

JETU vs. TSYX - Drawdown Comparison

The maximum JETU drawdown since its inception was -68.64%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for JETU and TSYX.

Drawdown Indicators

	JETU	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-68.64%	-13.39%	-55.25%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	—	—
Current Drawdown Current decline from peak	-38.80%	-9.04%	-29.76%
Average Drawdown Average peak-to-trough decline	-29.28%	-3.84%	-25.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.65%	—	—

Volatility

Volatility by Period

	JETU	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	89.39%	20.16%	+69.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.77%	20.16%	+48.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.77%	20.16%	+48.61%