DAL vs JETS: Correlation
How closely do Delta Air Lines (DAL) and US Global Jets ETF (JETS) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and JETS?
On 3 years of weekly data the DAL/JETS correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.88 over 3. The 5-year figure is 0.91, and annualized covariance runs at 947.1 %².
JETS is one of the assets that tracks DAL most closely: it ranks #1 out of the 33 assets we track against DAL. Correlation aside, the last 12 months split them widely, with DAL ahead by 20.7 points (+33.9% versus +13.2%). Stability stands out here, with the rolling one-year correlation confined to 0.73 through 0.94.
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.
DAL vs JETS: side by side
| DAL (Delta Air Lines) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | +33.9% | +13.2% |
| 5-year return | +110.6% | +30.9% |
| Volatility (ann.) | 37.1% | 29.2% |
| Beta vs S&P 500 | 1.17 | 1.16 |
| Max drawdown (3Y) | -47.9% | -35.2% |
| Market cap | – | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 0.94% | – |
| Sector / category | Industrials | ETF · Thematic |
Year-by-year returns
| Year | DAL | JETS |
|---|---|---|
| 2022 | -15.9% | -19.0% |
| 2023 | +23.0% | +11.4% |
| 2024 | +52.0% | +33.2% |
| 2025 | +16.1% | +11.6% |
| 2026 | +17.8% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and JETS good diversifiers for each other?
No: a correlation of 0.88 means DAL and JETS tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DAL and JETS?
The DAL/JETS correlation stands at 0.88 on a 3-year window (1 year: 0.91, 5 years: 0.91), computed from weekly returns as of 2026-08-27.
Is JETS a good diversifier for DAL?
No: a correlation of 0.88 means DAL and JETS tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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/dal-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dal-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAL correlations · JETS correlations
