BBY vs JETS: Correlation
Best Buy (BBY) and US Global Jets ETF (JETS) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and JETS?
Across a 3-year window, the weekly returns of BBY and JETS correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 519.5 %².
Among the 33 assets we track against BBY, JETS ranks #12 by 3-year correlation. Neither side won the trailing year by much: +16.9% against +13.2%. On a rolling one-year basis the correlation drifted between 0.18 and 0.66, 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.
BBY vs JETS: side by side
| BBY (Best Buy) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | +16.9% | +13.2% |
| 5-year return | -11.2% | +30.9% |
| Volatility (ann.) | 37.6% | 29.2% |
| Beta vs S&P 500 | 0.97 | 1.16 |
| Max drawdown (3Y) | -44.3% | -35.2% |
| Market cap | – | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Consumer Discretionary | ETF · Thematic |
Year-by-year returns
| Year | BBY | JETS |
|---|---|---|
| 2022 | -17.5% | -19.0% |
| 2023 | +2.5% | +11.4% |
| 2024 | +14.4% | +33.2% |
| 2025 | -17.8% | +11.6% |
| 2026 | +28.4% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and JETS good diversifiers for each other?
Reasonably. At 0.47, BBY and JETS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBY and JETS?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.42 over the last year and 0.44 over 5 years.
Is JETS a good diversifier for BBY?
Reasonably. At 0.47, BBY and JETS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/bby-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bby-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBY correlations · JETS correlations
