MIDE vs. JETD

Last updated Jun 5, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and JETD (MAX Airlines -3X Inverse Leveraged ETN) are both exchange-traded funds - MIDE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 ESG Index, while JETD is a Inverse Equities fund tracking the Prime Airlines Index - Benchmark TR Net (--300%). Both are passively managed. Over the past year, MIDE returned 28.99% vs -64.62% for JETD. At a correlation of -0.73, they often move in opposite directions. MIDE charges 0.15%/yr vs 0.95%/yr for JETD.

Performance

MIDE vs. JETD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) and MAX Airlines -3X Inverse Leveraged ETN (JETD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDE achieves a 14.80% return, which is significantly higher than JETD's -30.85% return.

MIDE

• 1D: 0.30%
• 1M: 4.11%
• YTD: 14.80%
• 6M: 14.92%
• 1Y: 28.99%
• 3Y*: 16.92%
• 5Y*: 8.38%
• 10Y*: —

JETD

• 1D: -3.47%
• 1M: -23.74%
• YTD: -30.85%
• 6M: -41.63%
• 1Y: -64.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MIDE vs. JETD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MIDE Xtrackers S&P MidCap 400 ESG ETF	14.80%	9.81%	11.21%	10.09%
JETD MAX Airlines -3X Inverse Leveraged ETN	-30.85%	-59.89%	-51.72%	-0.29%

Correlation

The correlation between MIDE and JETD is -0.76, 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	-0.76
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	-0.73

The correlation between MIDE and JETD has been stable across timeframes, ranging from -0.76 to -0.73 - a consistent structural relationship.

Return for Risk

MIDE vs. JETD — Risk / Return Rank

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

MIDE

MIDE Risk / Return Rank: 58
MIDE Sharpe Ratio Rank: 55
MIDE Sortino Ratio Rank: 56
MIDE Omega Ratio Rank: 53
MIDE Calmar Ratio Rank: 64
MIDE Martin Ratio Rank: 62

JETD

JETD Risk / Return Rank: 2
JETD Sharpe Ratio Rank: 2
JETD Sortino Ratio Rank: 2
JETD Omega Ratio Rank: 2
JETD Calmar Ratio Rank: 1
JETD Martin Ratio Rank: 2

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.

MIDE vs. JETD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) and MAX Airlines -3X Inverse Leveraged ETN (JETD). 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.

	MIDE	JETD	Difference
Sharpe ratio: Return per unit of total volatility	1.84	-0.89	+2.74
Sortino ratio: Return per unit of downside risk	2.65	-1.37	+4.02
Omega ratio: Gain probability vs. loss probability	1.32	0.84	+0.49
Calmar ratio: Return relative to maximum drawdown	3.11	-0.90	+4.01
Martin ratio: Return relative to average drawdown	11.09	-1.37	+12.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDE vs. JETD - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.84, which is higher than the JETD Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of MIDE and JETD, 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

	MIDE	JETD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	-0.89	+2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	-0.70	+1.18

Drawdowns

MIDE vs. JETD - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum JETD drawdown of -93.69%. Use the drawdown chart below to compare losses from any high point for MIDE and JETD.

Drawdown Indicators

	MIDE	JETD	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-93.69%	+69.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-71.95%	+62.59%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	—	—
Current Drawdown Current decline from peak	0.00%	-92.81%	+92.81%
Average Drawdown Average peak-to-trough decline	-6.49%	-61.40%	+54.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	47.03%	-44.41%

Volatility

MIDE vs. JETD - Volatility Comparison

The current volatility for Xtrackers S&P MidCap 400 ESG ETF (MIDE) is 4.40%, while MAX Airlines -3X Inverse Leveraged ETN (JETD) has a volatility of 28.26%. This indicates that MIDE experiences smaller price fluctuations and is considered to be less risky than JETD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDE	JETD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	28.26%	-23.86%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	58.72%	-47.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	72.43%	-56.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	70.49%	-50.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	70.49%	-50.82%

MIDE vs. JETD - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than JETD's 0.95% expense ratio.

Dividends

MIDE vs. JETD - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.31%, while JETD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
JETD MAX Airlines -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.31%	1.52%	1.45%	1.36%	1.33%	0.93%

Frequently Asked Questions

Can I hold both MIDE and JETD in my portfolio?

MIDE and JETD have a correlation of -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDE or JETD?

JETD has higher volatility (28.26%) compared to MIDE (4.40%). In terms of maximum drawdown, MIDE dropped -24.59% vs JETD's -93.69%.

Which ETF is better, MIDE or JETD?

On 1-year performance, MIDE leads with 28.99% vs -64.62% for JETD. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDE or JETD?

Over the 1-year period, MIDE has performed better with a 28.99% return vs -64.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDE or JETD?

MIDE is cheaper with a 0.15% expense ratio, compared with 0.95% for JETD.

Which ETF pays a higher dividend yield, MIDE or JETD?

MIDE has the higher dividend yield at 1.31%, compared with 0.00% for JETD.

What is the main difference between MIDE and JETD?

MIDE is categorized as Mid Cap Blend Equities, while JETD is Inverse Equities. MIDE tracks S&P MidCap 400 ESG Index, while JETD tracks Prime Airlines Index - Benchmark TR Net (--300%). They also come from different issuers: Deutsche Bank and Max. Their fees differ too: 0.15% for MIDE and 0.95% for JETD.

Which has better risk-adjusted returns?

MIDE currently has the higher Sharpe Ratio (1.84 vs -0.89), 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.