ARKK vs JETS: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and US Global Jets ETF (JETS) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and JETS?
Over the past 3 years, ARKK and JETS moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 584.7 %².
Within ARKK's tracked universe of 122 assets, JETS comes in at #54 by 3-year correlation. Their 12-month results are close: +15.7% for ARKK against +13.2% for JETS. On a rolling one-year basis the correlation drifted between 0.33 and 0.67, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARKK vs JETS: side by side
| ARKK (ARK Innovation ETF) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | +15.7% | +13.2% |
| 5-year return | -27.7% | +30.9% |
| Volatility (ann.) | 38.8% | 29.2% |
| Beta vs S&P 500 | 2.07 | 1.16 |
| Max drawdown (3Y) | -39.6% | -35.2% |
| Sector / category | ETF · Thematic | ETF · Thematic |
Year-by-year returns
| Year | ARKK | JETS |
|---|---|---|
| 2022 | -67.0% | -19.0% |
| 2023 | +69.0% | +11.4% |
| 2024 | +8.4% | +33.2% |
| 2025 | +35.5% | +11.6% |
| 2026 | +13.6% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and JETS good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARKK and JETS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.37 over the last year and 0.53 over 5 years.
Is JETS a good diversifier for ARKK?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · JETS correlations
