JETU vs. WTIU

Last updated Jun 5, 2026

JETU (MAX Airlines 3X Leveraged ETN) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - JETU tracks the Prime Airlines Index - Benchmark TR Net while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past year, JETU returned 45.84% vs 112.38% for WTIU. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

JETU vs. WTIU - Performance Comparison

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

Returns By Period

In the year-to-date period, JETU achieves a 0.25% return, which is significantly lower than WTIU's 87.83% return.

JETU

• 1D: 2.80%
• 1M: 20.37%
• YTD: 0.25%
• 6M: 15.97%
• 1Y: 45.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WTIU

• 1D: -1.95%
• 1M: -8.81%
• YTD: 87.83%
• 6M: 63.25%
• 1Y: 112.38%
• 3Y*: 5.95%
• 5Y*: —
• 10Y*: —

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

JETU vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JETU MAX Airlines 3X Leveraged ETN	0.25%	3.88%	38.00%	-16.85%
WTIU MicroSectors Energy 3X Leveraged ETN	87.83%	-17.13%	-29.63%	10.36%

Correlation

The correlation between JETU and WTIU is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.10

The correlation between JETU and WTIU shifts across timeframes, from -0.16 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JETU vs. WTIU — Risk / Return Rank

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

JETU

JETU Risk / Return Rank: 22
JETU Sharpe Ratio Rank: 20
JETU Sortino Ratio Rank: 26
JETU Omega Ratio Rank: 24
JETU Calmar Ratio Rank: 21
JETU Martin Ratio Rank: 20

WTIU

WTIU Risk / Return Rank: 47
WTIU Sharpe Ratio Rank: 49
WTIU Sortino Ratio Rank: 42
WTIU Omega Ratio Rank: 41
WTIU Calmar Ratio Rank: 59
WTIU Martin Ratio Rank: 44

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. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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	WTIU	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.68	-1.05
Sortino ratio: Return per unit of downside risk	1.40	2.10	-0.70
Omega ratio: Gain probability vs. loss probability	1.16	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	0.93	2.89	-1.96
Martin ratio: Return relative to average drawdown	2.33	7.08	-4.76
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. WTIU - Sharpe Ratio Comparison

The current JETU Sharpe Ratio is 0.63, which is lower than the WTIU Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of JETU and WTIU, 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	WTIU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	1.68	-1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	-0.10	+0.19

Drawdowns

JETU vs. WTIU - Drawdown Comparison

The maximum JETU drawdown since its inception was -68.64%, smaller than the maximum WTIU drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for JETU and WTIU.

Drawdown Indicators

	JETU	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-68.64%	-75.73%	+7.09%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	-39.11%	-10.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-75.73%	—
Current Drawdown Current decline from peak	-28.20%	-33.42%	+5.22%
Average Drawdown Average peak-to-trough decline	-29.52%	-39.18%	+9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.77%	15.92%	+3.85%

Volatility

JETU vs. WTIU - Volatility Comparison

MAX Airlines 3X Leveraged ETN (JETU) and MicroSectors Energy 3X Leveraged ETN (WTIU) have volatilities of 25.97% and 27.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JETU	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.97%	27.11%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	57.00%	54.96%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	73.02%	67.43%	+5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.57%	70.58%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.57%	70.58%	-0.01%

JETU vs. WTIU - Expense Ratio Comparison

Both JETU and WTIU have an expense ratio of 0.95%.

Dividends

JETU vs. WTIU - Dividend Comparison

Neither JETU nor WTIU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JETU and WTIU in my portfolio?

JETU and WTIU have a correlation of -0.16, 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 WTIU?

WTIU has higher volatility (27.11%) compared to JETU (25.97%). In terms of maximum drawdown, JETU dropped -68.64% vs WTIU's -75.73%.

Which ETF is better, JETU or WTIU?

On 1-year performance, WTIU leads with 112.38% vs 45.84% for JETU. Both ETFs have the same 0.95% expense ratio. On volatility, JETU has been the lower-risk option at 25.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETU or WTIU?

Over the 1-year period, WTIU has performed better with a 112.38% return vs 45.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETU or WTIU?

JETU and WTIU have the same expense ratio: 0.95% per year.

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

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

What is the main difference between JETU and WTIU?

JETU tracks Prime Airlines Index - Benchmark TR Net, while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: Max and REX.

Which has better risk-adjusted returns?

WTIU currently has the higher Sharpe Ratio (1.68 vs 0.63), 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.