JRNY vs. AWAY
Compare and contrast key facts about ALPS Global Travel Beneficiaries ETF (JRNY) and ETFMG Travel Tech ETF (AWAY).
JRNY and AWAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JRNY is a passively managed fund by ALPS that tracks the performance of the S-Network Global Travel Index - Benchmark TR Gross. It was launched on Sep 8, 2021. AWAY is a passively managed fund by ETFMG that tracks the performance of the Prime Travel Technology Index. It was launched on Feb 12, 2020. Both JRNY and AWAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JRNY or AWAY.
Key characteristics
| JRNY | AWAY | |
|---|---|---|
| YTD Return | 8.23% | 7.71% |
| 1Y Return | 18.19% | 18.56% |
| 3Y Return (Ann) | -0.19% | -9.22% |
| Sharpe Ratio | 1.61 | 1.02 |
| Sortino Ratio | 2.25 | 1.56 |
| Omega Ratio | 1.31 | 1.18 |
| Calmar Ratio | 1.07 | 0.42 |
| Martin Ratio | 5.34 | 4.45 |
| Ulcer Index | 5.46% | 4.64% |
| Daily Std Dev | 18.12% | 20.16% |
| Max Drawdown | -32.74% | -56.57% |
| Current Drawdown | -3.41% | -39.12% |
Correlation
The correlation between JRNY and AWAY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JRNY vs. AWAY - Performance Comparison
In the year-to-date period, JRNY achieves a 8.23% return, which is significantly higher than AWAY's 7.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JRNY vs. AWAY - Expense Ratio Comparison
JRNY has a 0.65% expense ratio, which is lower than AWAY's 0.75% expense ratio.
Risk-Adjusted Performance
JRNY vs. AWAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Global Travel Beneficiaries ETF (JRNY) and ETFMG Travel Tech ETF (AWAY). 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.
Dividends
JRNY vs. AWAY - Dividend Comparison
JRNY's dividend yield for the trailing twelve months is around 0.43%, more than AWAY's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
JRNY ALPS Global Travel Beneficiaries ETF | 0.43% | 0.46% | 0.04% | 0.14% | 0.00% |
AWAY ETFMG Travel Tech ETF | 0.29% | 0.00% | 0.00% | 0.00% | 0.04% |
Drawdowns
JRNY vs. AWAY - Drawdown Comparison
The maximum JRNY drawdown since its inception was -32.74%, smaller than the maximum AWAY drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for JRNY and AWAY. For additional features, visit the drawdowns tool.
Volatility
JRNY vs. AWAY - Volatility Comparison
The current volatility for ALPS Global Travel Beneficiaries ETF (JRNY) is 0.02%, while ETFMG Travel Tech ETF (AWAY) has a volatility of 5.61%. This indicates that JRNY experiences smaller price fluctuations and is considered to be less risky than AWAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.