BA vs JETS: Correlation
Boeing (BA) and US Global Jets ETF (JETS) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and JETS?
Across a 3-year window, the weekly returns of BA and JETS correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 597.3 %².
Within BA's tracked universe of 37 assets, JETS comes in at #13 by 3-year correlation. The last year tells two different stories: JETS led by 24.1 percentage points, -10.9% for BA against +13.2% for JETS. The rolling one-year correlation moved between 0.32 and 0.73 over the past three years, a moderate range.
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.
BA vs JETS: side by side
| BA (Boeing) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -10.9% | +13.2% |
| 5-year return | -3.6% | +30.9% |
| Volatility (ann.) | 36.4% | 29.2% |
| Beta vs S&P 500 | 1.43 | 1.16 |
| Max drawdown (3Y) | -48.3% | -35.2% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Industrials | ETF · Thematic |
Year-by-year returns
| Year | BA | JETS |
|---|---|---|
| 2022 | -5.4% | -19.0% |
| 2023 | +36.8% | +11.4% |
| 2024 | -32.1% | +33.2% |
| 2025 | +22.7% | +11.6% |
| 2026 | -3.3% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and JETS good diversifiers for each other?
To a limited degree. At 0.56 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 BA and JETS?
As of 2026-08-27, the correlation of weekly returns between BA and JETS is 0.56 over 3 years, 0.50 over 1 year and 0.60 over 5 years.
Is JETS a good diversifier for BA?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ba-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ba-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BA correlations · JETS correlations
