DIA vs JETS: Correlation
Measured on weekly returns over the past three years, SPDR Dow Jones Industrial Average ETF (DIA) and US Global Jets ETF (JETS) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and JETS?
On 3 years of weekly data the DIA/JETS correlation comes out at 0.68, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 259.5 %².
Among the 116 assets we track against DIA, JETS ranks #45 by 3-year correlation. Over the last 12 months DIA came out ahead by 6.0 percentage points (+19.2% against +13.2%). The rolling one-year correlation moved between 0.47 and 0.82 over the past three years, a moderate range. Risk is not evenly split, since JETS carries 2.2 times the volatility of the other side.
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.
DIA vs JETS: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | +19.2% | +13.2% |
| 5-year return | +64.8% | +30.9% |
| Volatility (ann.) | 13.0% | 29.2% |
| Beta vs S&P 500 | 0.79 | 1.16 |
| Max drawdown (3Y) | -16.0% | -35.2% |
| Dividend yield | 1.37% | – |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | ETF · Thematic |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | JETS |
|---|---|---|
| 2022 | -7.0% | -19.0% |
| 2023 | +16.0% | +11.4% |
| 2024 | +14.8% | +33.2% |
| 2025 | +14.7% | +11.6% |
| 2026 | +12.3% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and JETS good diversifiers for each other?
Only partially. A correlation of 0.68 means DIA and JETS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DIA and JETS?
As of 2026-08-27, the correlation of weekly returns between DIA and JETS is 0.68 over 3 years, 0.68 over 1 year and 0.66 over 5 years.
Is JETS a good diversifier for DIA?
Only partially. A correlation of 0.68 means DIA and JETS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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/dia-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dia-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIA correlations · JETS correlations
