BBWI vs JETS: Correlation
Measured on weekly returns over the past three years, Bath & Body Works, Inc. (BBWI) and US Global Jets ETF (JETS) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and JETS?
Across a 3-year window, the weekly returns of BBWI and JETS correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 753.9 %².
Few assets follow BBWI as closely as JETS, which ranks #3 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with JETS ahead by 51.5 points (-38.3% versus +13.2%). One caveat on sizing: BBWI is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBWI vs JETS: side by side
| BBWI (Bath & Body Works, Inc.) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -38.3% | +13.2% |
| 5-year return | -69.3% | +30.9% |
| Volatility (ann.) | 50.5% | 29.2% |
| Beta vs S&P 500 | 1.37 | 1.16 |
| Max drawdown (3Y) | -70.0% | -35.2% |
| Market cap | $3.8B | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 2.12% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | BBWI | JETS |
|---|---|---|
| 2022 | -38.4% | -19.0% |
| 2023 | +4.7% | +11.4% |
| 2024 | -8.3% | +33.2% |
| 2025 | -46.5% | +11.6% |
| 2026 | -4.3% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and JETS good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BBWI and JETS?
As of 2026-08-27, the correlation of weekly returns between BBWI and JETS is 0.51 over 3 years, 0.56 over 1 year and 0.46 over 5 years.
Is JETS a good diversifier for BBWI?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbwi-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbwi-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBWI correlations · JETS correlations
